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momentum: Sacramento Real Market Commentary - 2008 05 - 06/02/08 10:55 AM
If you read the local newspaper, you may have seen that April's home sales made front page news.  By itself, it's a sign that there were more buyers in the market than in March.  But more enlightening, and not understood by the news writers, is that inventory indeed dropped by a more significant amount.  Instead of 8.3 months of inventory (length of time to sell all Active listings, all things remaining equal), there is now only 5.9 months' inventory.  That is a healthy number.  If it's too high, supply is higher than demand.  If it's too low, well, it's the opposite. … (0 comments)

momentum: Sacramento Real Market Commentary - 2008 02 - 03/22/08 12:56 PM
In October, a pie-maker would say "it's time to buy pies".  Mom always says "it's time to call your mother".  And, lately, Realtors say "it's time to buy real estate".  But the ones I watch and hear (other than my mother) are those who have made the right moves at the right times.  Guess what.  They are almost ALWAYS doing exactly the opposite of the crowd.  They are wealthy but not out of sheer luck but because they pounce on opportunity when everyone else is considering it a risk (and they are not pessimists hiding behind the label of "realists").  I'm … (0 comments)

momentum: Sacramento Market Commentary - October 2007 - 11/02/07 01:40 PM
It's time again for my real estate update!  I will keep it brief and in bullet form.  ;-) The Market:  It's still a buyer's market.  Inventory is high; rates are low; prices are down; sellers/banks are awake.  The Media:  No change -- they are still negative ("it's Bush's fault").Congress:  They are hoping to get [re-]elected but some/most should be firedMy counsel to Buyers:  Get pre-qualified and focus your requirements; call me for a private internet portal based on your search specs.  My counsel to Sellers:  If you MUST sell, call me for a candid and thorough analysis of what the market … (0 comments)

 
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Jay Emerson, Broker, e-PRO, SFR, CHS

Fair Oaks, CA

More about me…

Weichert, Realtors® - Galster Group

Address: 5006 Sunrise Blvd, Suite 100, Fair Oaks, CA, 95628

Office Phone: (916) 966-8700 x 108

Cell Phone: (916) 517-9606

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