Real estate blog entries tagged with placerareahomes by Jeff Engle PlacerAreaHomes.com (Neighborly Realty)

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Home : Blogs : Jeff Engle PlacerAreaHomes.com : Jeff's Blog : Tag "placerareahomes"

placerareahomes: Making Sense of the Market (July 2010) - 08/02/10 07:24 PM

Making Sense of the Market Today August 2nd, 2010
This time around, let's look at some basic trends to see where the Placer County Real Estate market is now that we have an economy teetering on recovery. One of the most basic weather vanes is to look at Absorption Rate. That is the percent of homes that are sold in any one month (or looked at another way – how many months will it take to sell all the homes currently for sale). A neutral market is one that has 4 to 6 months of inventory on hand. A seller's … (1 comments)

placerareahomes: Employee Programs for HP, Intel, Apple, Yahoo, Weyerhaeuser, and More! - 06/23/10 05:16 PM

Hello Neighbors,Fun news.
Neighborly is now partnered with several different large companies in Northern California and the Bay Area. Most are tech companies, which happily takes us back to our previous lives...
Neighborly has been working for several months to get these relationships in place, and they've all gone live simultaneously.Neighborly now offers special programs to employees of:- Hewlett-Packard- Intel- Apple- Oracle- Microsoft- Yahoo- AMD- Genentech- KeyPoint- Sony Playstation- Levi Strauss- Meriwest Credit Union- CommonWealth CentralIf you work for one of those companies, how do you get access to Neighborly's special employee programs?Log into your employee discount portal and search:a) Home … (0 comments)

placerareahomes: CNN reports Strategic Defaulters May Not Buy Again Soon others say 'Walk Away' - who's right? - 05/28/10 05:35 PM

Strategic Defaulters May Not Buy Again Soon
After the much publicized article in the LA Times where the author encouraged individuals to 'walk away from their home' this is an important note about the impact of this action.
Here is an excerpt from CNN via Realtor Magazine:
How long will it be before former home owners who walked away from their mortgages can buy again? Mortgage lenders are saying that in the future, losing a home because of illness or job loss will be seen differently than choosing to abandon a mortgage obligation for other reasons.
"If you made a … (0 comments)

placerareahomes: "Strategic Defaults" - Borrowers Who Can Afford Their Homes, but Walk Away - 05/10/10 04:11 PM

Strategic Defaults, Borrowers Walking Away, Homes in Foreclosure
Hello Neighbors,
60 minutes did a story last night on something we see in this business on a daily basis.
"Strategic Defaults". When a home owner CAN afford their mortgage, but they decide to walk away from their home and let it go to foreclosure.
Here's the link:
http://www.cbsnews.com/video/watch/?id=6470184n
Although I agree with the depression-era view - that losing your house is the last straw - it's clear not everyone else does.
Regardless of your moral or ethical view of this trend, the economic impacts are something to find concerning. We simply don't … (2 comments)

placerareahomes: New Flood Insurance Information for Natomas - 05/05/10 10:27 AM

This just in from our friend Chris Altobell with Farmers Insurance. It looks like buyers in Natomas may have a few extra hiccups:
Hi Jim,
The National Flood Insurance Program has been suspended; meaning new flood policies cannot be issued. This will likely have an impact on your clients looking to close escrow on a house in the Natomas area (or any other area) where flood insurance is required by the lender.
The flood program will not be reconsidered for extension until the Senate resumes its session on April 12th.
Here's why it is being suspended:
1) The proposal for extending … (0 comments)

placerareahomes: Pending Sales UP! - 04/30/10 12:11 PM

Latest Data is Out - Sales are UP.

Escrow Rates Shoot Up, PENDINGs Increase, PENDING Home Sales

Hello Neighbors,

Hopefully this graph of existing home sales will come across well. If not, call me for the data.

What I find amazing is the ratio of homes that have gone PENDING (in escrow) vs. the amount that are on the market. It's gone nuts in the last month or two.

PENDINGs were at a record 2,921 in March - that is several hundred higher than any month since 2008.

While homes on the market have … (0 comments)

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Jeff Engle PlacerAreaHomes.com

Lincoln, CA

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