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sacramento: Foreclosures, Short Sales, and Other Complexities - 03/24/09 06:26 PM
The real estate market is in one of its more complex modes as we deal with a tide of market changes, appraisal problems, and shifting supply and demand conditions. The most fundamental element of the Sacramento, Roseville, and Rocklin markets is CHANGE. Each day brings incremental changes that ripple through the housing market. Keeping up with these changes takes constant attention and outreach.
Declining prices and varying rates of price decline are making appraisals and comparable market analysis very challenging. Lenders very critical of appraisals and appraisers are worried about being banned by lenders if their appraisals are reviewed and found to be suspect. The end of each … (0 comments)
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sacramento: Looking Up in Sacramento, CA - 06/11/08 01:48 PM
Good Morning Breakfast Lovers!
While they are about as much fun as dental surgery, at least Buyers are coming back.
As properties in the area have become more affordable, buyers are lapping up homes at an astounding rate. The number of listings has dropped across the board; down about 40% from last year, while maintaining a consistant ratio of 40% distressed properties. Pending sales are up about 66%, helping to further reduce inventory.
This is helping to firm prices a bit.
Other good news is that the "Delta Breeze" is beginning to return. This is a euphamism for buyers coming … (0 comments)
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sacramento: Yippee, the Sacramento Market is Coming Back! - 05/29/08 01:28 PM
If you were waiting for the "bottom", here we are. Bring you pink slip and your check book" the radio ad would blare. That was to signal that when you went shopping, you needed to be prepared to buy. So it is for Sacramento buyers this spring. Once the temperature hit 80 degrees in April, the genie took the cork out of the bottle and the phone has not stopped ringing. Not only are REO's (foreclosures) hot, but short-sales are starting to flow. Even seller-occupied sales are seeing a resurgence. Sacramento and Placer Counties are seeing transaction volumes jumping as much … (3 comments)
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J.Scott Carpenter Sacramento/BayArea/SoCal
Roseville,
CA
More about me…
Carpenter Properties
Address: Rocklin, CA, 95677
Office Phone: (916) 267-7653 x cell
Email Me
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