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trends: 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)
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trends: 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)
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trends: Sacramento Real Market Commentary - 2008 01 - 02/07/08 02:07 AM
Are you waiting for the "rock bottom"? Did you know that the majority of this down cycle is behind us? According to smart economists, the press has been exaggerating the issues. Sure, there are some good people in a bad situation but the market is correcting itself and some areas are already on the increase. The Market: Inventory is being snatched up by investors and buyers who know the bottom is nigh. The indicators below have been hinting that the bottom is forming. Unlike peaks in the market, the trough takes more time to develop. The momentum of the changes … (1 comments)
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trends: Sacramento Real Market Commentary - 2007 12 - 01/03/08 01:38 PM
It's all about cashflow! And it's important to know the difference between GROSS and NET cashflow. While some may think it's smart to take a loss to offset other profits in their portfolio, that's not how people get RICH from owning real estate. Get out of the rat race by getting NET passive cashflow to exceed your monthly expenses. Our portfolio is on the right path to accomplishing that goal. Let me help you find the best investment on Earth -- earth. And if you're a 1st-time buyer, let me help you find a great starter home in a solid neighborhood. … (2 comments)
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trends: Sacramento Market Commentary - August 2007 - 12/30/07 02:35 AM
Goodbye August! Hello September! This heat is making me look forward to Fall. Thank goodness the nights have been cool. Frequently the heat at the State Fair is unbearable but we enjoyed it yesterday and actually started shivering in the evening. I'm sure the Dippin' Dots helped! Our Real Estate market is still mixed. Some zip codes and areas are doing much better than others. If you want specific information about your zip code, I'd be happy to get that for you. My Historical Housing Data chart below shows the Sacramento trend which, as you know, is made up … (0 comments)
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trends: 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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trends: Sacramento Market Commentary - July 2007 - 07/25/07 01:58 PM
I'm sure you've noticed that the Real Estate market has been taking a lot of heat lately. Most of the heat is unwarranted because this is a normal, healthy market. It is correcting from the high and hyper-active market of 2001-04 but it is not under siege. Whether it's the unethical lenders who have forced many people into perilous situations or homeowners who expected their home value to continue its unabated increase, some adjustable mortgages are increasing and home prices are decreasing. It's a tragic situation for those who have to give up their homes. For the others who are able … (1 comments)
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trends: Sacramento Market Commentary - June 2007 - 07/09/07 02:16 AM
The local Real Estate market may be at the bottom. Recent research has shown that over 50% of the national markets have stabilized. Sellers and Builders are giving a lot back to buyers and mortgage rates, although creeping upward, are still at historic lows. The subprime mortgage issue is isolated to a small percentage of mortgages and recent borrowing activity shows Lenders and Buyers are opting for fixed rate loans and Private Mortgage Insurance rather than second loans. And now Lenders are being forced to validate income.
Remember that "you don't get rich by following the crowd". But you … (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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