Sacramento County, CA Real Estate News

By Wendi-Mae Davis, CRS, GRI, Broker Associate
(Future Homes & Real Estate)
Not all areas will be hit as hard as others-when it comes to the subject of the day...Is this a Market Correction, or is a Recession truly on the Horizon?   The top news stories start with the word “RECESSION” lately…well, not today-Today, the top news is whether or not our President can ride a bike! Ha 😊 And, apparently the answer is Nooooo—Now onto this conversation of a looming Recession in the housing market in 2022. Seriously folks-nothing happening in our market today is anything like it was prior to 2010…let alone into 2012.  This is not where the market is headed-please talk to a Professional, before you take yourself out of the market-even if that Professional isn’t me… Wendi-Mae Video Part 1 on Recession? of 2022 KEEP IN MIND WHEN YOU LISTEN TO THE NEWS-SOME OF IT IS HYPE, a ...
Comments 6
By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
I want to thank Endre Barath, Jr. and Mark Don McInnes, for hosting this June Old Glory Challenge.  For me, it has provided a measure of healing, and I believe for our Old Glory, a bit of cleansing too.  Prior to the early 1990s, Sacramento was home to three military bases – Two Air Force bases and an Army Depot.  Many of my neighbors are retired military.  Often in the past, many homes here had flags waving.  My own flag, being among them. However, after the January 6th 2021 insurrection at our nation’s Capitol, things changed somewhat.  Fewer flags have flown.  I admit I’ve been hesitant doing so.  In the year and half since that infamous day, there have been times I’ve reached for Old Glory to introduce her to flight.  However, horrific images in my head occupied haunting thoughts.  ...
Comments 12
By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
The last couple days, I’ve enjoyed fun time playing with the little online photo editing tool, iPiccy.com.  iPiccy is free, and offers several options to enhance your pictures.I used iPiccy’s “emboss” tool while playing around with one of my images of an authentic paddlewheel riverboat, The Delta King, which is moored on the Sacramento River, at the waterfront in Old Sacramento.  Because of two flags present on this The Delta King image, I thought it would make a good contribution to ActiveRain’s June Challenge. A Challenge suggesting we post images of Old Glory providing testament Americana is alive and well.Originally built in 1927, The Delta King has been restored and brought back to its former glory.  In today’s world the paddle wheeler functions as a boutique hotel with one-of-a-ki...
Comments 19
By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
Last evening, I spent delightful time at El Dorado Hills Town Center.  In summer, the Center provides a series of free concerts on several Thursday evenings.  We parked a couple lawn chairs on a grassy area across the lagoon from the bandstand, and waited for the music to commence.  Sangria was poured.  The night felt like vacation from global ills.  At one point, while looking toward the bridge, I was reminded of this month’s ActiveRain Challenge to honor our flag.  The Town Center has flags flying everywhere.  And, while floating upon the pleasant evening breeze, they provided a glorious sight.El Dorado Hills Town Center is a collection of delightful shops, cafes, restaurants, lodging and cinemas, along with other enterprises.  In addition to the free summer concert series, they host ...
Comments 16
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Elk Grove Market Real Estate Market Update for June, 2022We have higher interest rates, inflation at a multi-decade high, a stock market that has been correcting, cryptocurrencies have been falling and even the bond market is slipping.  I thought that all would have impacted out market more than it has.  Year over year, median and average prices were both up.  We did see the median price fall, month over month, fall from $685,000 to $670,000.  The average price of sold homes held solid at $703,000, though.The days on market ticked up slightly and we do have just over a month of supply now for the first time in a very long time.  A balanced market is generally thought of as three months of supply so it is still a strong seller's market.  It will be interesting to see how the trend contin...
Comments 18
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Our favorite destination for yard art, pots, statues and fountains is Lomeli Statuary.  I bet we have been visiting this place of business for over 30 years.  We have purchased several items to decorate our yard over the years.  We just visited Lomeli Statuary again a few days ago and look who greeted us!   There were several other beautiful peacocks strolling through the gardens and even a few babies.  The babies were so cute.  It was a pleasant surprise.We are always surprised by the diversity of items at Lomeli Statuary.   There is so much more to see, but I want to leave a few things for you to discover.  If you are looking for something beautiful for your yard and live in Stockton, Elk Grove, Sacramento or Lodi, it is worth the trip to Lomeli Statuary.If you are looking for real es...
Comments 30
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
The North Laguna Creek Wildlife AreaWe have driven past the trail hundreds of times.  It is a short walk from our current home and we always have wondered what we would find.It really opens up into a large meadow area with quite a few oak trees, plenty of wild flowers and a few Eucalyptus Trees.A little further along the path we ran into Laguna Creek, turtles and lots of birds.  This heron was stalking his dinner.And look at all the sparrows zipping around the area.And we were rewarded with a nice sunset.It really is a nice area to hike, ride your bike or do a little jogging.  There is a bridge over the creek so you can visit North Laguna Creek Park.  We noticed that just a few blocks past the park is the Regal UA Laguna Village Theater so we are planing a hiking trip to watch a movie a...
Comments 34
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
I do enjoy hosting open houses and many times I am surprised at the conversations that I have with those visiting the house.  Mary Margaret helped me stage a house a few years ago.  She added a very large, very nice Scrabble board made by Restoration Hardware on the living room coffee table, then she added words like, home sweet home, to the board.  I thought it was a little over the top, but every person that came through the door that day loved it and had to talk about it.  It is a fun way to get visitors to loosen up and enjoy the open house.When we put our home on the market a couple of weeks ago, we had removed all of our furniture so there was no place to put the Scrabble board.  I was a little worried that I did not have my "ice breaker,"  but everyone did want to talk.  They jus...
Comments 34
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
203k consultant Sacramento AreaLooking for a c onsultant that knows the program inside out and has more experience than all the others... give us a call. FHA 203k consultant with over a thousand completed projects in Sacramento and the surrounding area. We know a whole bunch of good contractors and the lenders who can close 203k loans fater than most. If you are looking for a consultant in the area click here. If you want to get prices on your project click here. A question we get daily. What is the cost of your services. The project size determines the amount of our fee so to answer that question click here. All of the links above go to the same place. So think of us when you need to find a 203k consultant in the Sacramento area. Every client is like "family" we'll take good care of you.
Comments 0
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
What's in it for me - The Realtor?Isn't that what it is really all about? Who cares how much experience you have or how many projects you completed, it is all about the next one, the one you are doing right now. How about closing your next 203k loan closed in short order... less than 30 days? Would that be of interest to you?If you do it by the book rather than by what you may have been told you should be able to do just that. 1. Consultant is the first person on the job. [many lenders want a bid first thinking their clock doesn't start till they get that in hand. This can quite often put a wrench in your project as the contractor doesn't always know what HUD requires such as health and safety issues, insultation requirements, caulking requirements, electrical requirements, and more.]2....
Comments 0
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
203k - Experience CountsLike anything else experience counts. I was talking with someone the other day from Sacramento when I had to think back to when we started doing FHA 203k consulting. It all started in 1994 when HUD created 203k consultants. We did about 20-30 that first year just in the Sacramento juristiction. Then year after year we did more than a hundred each year in that area and sometimes  as many as 250-300 per year just in the Sacramento area.  That is 28 years serving this community.One of the most interesting onces we did ever was a sale for about $888,000 as I recall. How does this become a 203k you may ask? The maximum loan amount for FHA in Sacramento County was about $450,000 at that time.  What we find out from time to time is that you need to think "out of the box...
Comments 0
By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
Yesterday was a really delicious day! The temperature in beautiful Capitola along the California Coast boasted a perfect 75 degrees. The thought of warm sand on bare feet inspired not only myself, but my kid Jill, grandkid Macie and her friend Erin, to make the 150 mile journey to this special spot. The Capitola beach cottages always provide colorful accent.   Here's a little video I shot. It provides A broader view: https://youtu.be/D-5Nm8zkp_E    
Comments 23
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
There has been a lot of discussion regarding higher interest rates slowing the real estate market.  I just do not see the evidence of it in the Elk Grove Market.Elk Grove, April 2022The median and average prices are up just over 23% for the year.  The median price is up from $644,000 in April or 6.3%.  The average price is up from $685,879 or 2.5%.  Either way, that is a big increase in pricing for one month.  As you can see, continuous days on market has changed a bit and buyers are not paying quite as much over asking price as last year. I did put my house on the market last week.  It went on the market on Friday and it went pending on Monday.  Houses are still selling quickly.  I do not think what we are seeing is surprising.  When interest rates start rising, many times it spurs buy...
Comments 22
By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
I want to take this opportunity to honor and pay tribute to all mothers everywhere!  Without your nurturing hands, the generations would not, or could not continue. I am hopeful on this special day, mothers will be able to spend time with family or loved ones. If not in person, at least though some form of special communication!
Comments 18
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
We put our home on the market last Friday, held two open houses over the weekend and accepted an offer Monday evening.  There was a lot of interest in our place with multiple offers.  Two offers were particularly strong and almost identical.  It made our decision very hard and it was tough being the bearer of bad news to one of the buyers.  The agent called me and asked, "What did I do wrong?"  I had to answer, "Not one thing."  It is just that kind of a market.  An agent and his client can do everything right and still come up just a little bit short.  We feel very fortunate that our home went pending so quickly and hope the rest of the transaction goes smoothly.3412 Babson Drive 
Comments 21
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Our house goes on the market in about two weeks and one of our big projects to get accomplished before putting it on the market was getting our pool tile cleaned. We have some very hard water in Elk Grove.  Believe it or not, the build up on our tiles happened in just two years.  The tile is only two years old!  We did try to maintain it.  We purchased pumice stones and rubbed until we only had little nubs left.  It helped, but only by about 50%.  I didn't think there was much I could do, but a friend recommended Hess Tile Cleaning to me. They drained about 6 inches of water from the pool and then blasted the calcium deposits off the tile with little glass beads.  It is pretty amazing how well the process works.Hess Tile Cleaning in ActionDavid Nieves and Austin Hess did all the work. T...
Comments 22
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Elk Grove continues to experience solid price growth.  The median home price is up 20.9%, year over year, and has risen 2.2% from February's $650,000 number.  Interest rates have not slowed the market down so far.  There has been a bit of an uptick in continuous days on market, but the overall number of days on the market is still low.  It makes sense as qualified buyers move quickly to purchase a new home to avoid even higher interest rates in the future.  This is very similar to what happened last year when prices rose very quickly in the first half of the year, then flattened out over the last half of the year.Real Estate Bubble?Are we in a bubble?  Will prices fall?  I have never been good at predicting the direction of future prices, but this is my strategy for those that own at le...
Comments 41
By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
After a morning swim, and a little gardening in my yard, I entered my kitchen, hungry.One thing I enjoy this time of year, is finding fresh Fava beans and freshly harvested garlic at my local Farmers Market. Together with Andouille sausage, they made for a delightful lunch today.It was simple putting it together. After chopping a few bulbs of the garlic and extracting the Fava beans from their pods, I sautéed them in a little olive oil, with salt and pepper. While the skillet was doing its thing, I put sliced coins of Andouille sausage on a baking sheet and broiled in the oven.I shared a quarter of a bottle of Dos Equis Amber with the skillet containing the Fava beans and garlic, covered, and allowed the beans to steam to tenderness.In last moments, I added the sausage into the skillet ...
Comments 29
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
The last week and the next few days have been all about pickleball and I have not made the time for this week's Dad Joke video so I thought a little update about our second tournament and a funny pickleball video would be in order. This is our optimistic picture before Erik and I played in our 50 year old men's doubles open division. Erik is a very good 4.0 player when healthy, but two days before the tournament he hurt his back so he is wearing a back brace.  I am a 3.5 player, give or take, depending on the day.  We played teams rated at 4.0 and above.  We even played at least one 5.0 player.  This is how we looked after the competition.Yes, we were humbled.  In true pickleball tradition, each of the three teams that crushed us made sure to blame our loses on the very windy day.  They...
Comments 37
By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Our Lakeside Community's main streets are lined with fruitless pear trees.  They have had a few issues over the years.  About three years many were damaged by fire blight and we even lost a few, but they seem to be doing well again and they are simply gorgeous in the spring.  It sure makes it a pleasure to walk through the neighborhood.  If you would like to learn more about the Elk Grove and Sacramento Areas, please subscribe to my YouTube Channel for periodic updates. I am still not sure what time of the year I enjoy better, spring or fall.  The trees are gorgeous in the fall too.  Which do you like better?  If you are looking to purchase or sell a home in the Laguna West-Lakeside area, let me know.  I would love to help.  I have lived in the area since Janurary of 2000 and know the a...
Comments 27
Sacramento County, CA Real Estate Professionals