Market Hold Up!
While home prices are increasing in the Sacramento area housing market, many homeowners continue to wait for prices to go up further before they are willing to list their homes. As a result our inventory levels are being constrained. Combined with our high demand for homes, we are seeing a shortage of available for sale listings.
Homes still not worth what the mortgage balance is causing potential sellers to wait before listing, hoping prices will go up before selling their homes. Negative equity can often delay home owners from selling because they need the down payment from their current home to purchase another or if they have been significantly underwater on the mortgage to value ratio, they don't want to have to bring a check to the closing table.
With these reluctant homeowners we are seeing a trend of keeping their existing home as rentals and buying without selling.
Right now we are experiencing a very strong seller's market but many homeowners are not aware and still think it is like last year and difficult to sell. When I talk to potential sellers they are surprised to learn how easy it is to sell right now, especially in the under $400,000 price range.
If you or someone you know is thinking about selling their home and want more information, give me a call at the MagnumOne Realty office in Roseville or send me an email to email@example.com.
Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.
Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesPlacer Land Trust Acquires 40 Acres along North Fork of American RiverPlacer Land Trust is very pleased to announce that in early April it acquired 40 acres of gorgeous land along the North Fork American River at the bottom of the Green Valley Trail.
$20 Pet Adoptions at Placer County's Auburn ShelterFacing a spring surplus of rescue pets - and in celebration of National Adopt a Shelter Pet Day April 30 - Placer County's Auburn animal services center will lower adoption fees
Roseville Hosts I Love the 80's Fun RunRoseville, CA- On Sunday, May 1, 2016, the City of Roseville will host the I Love the 80's Fun Run in Downtown Roseville.
Yomen Spring Celebration in RosevilleYomen spring celebration in Roseville is free community event at Maidu Museum & Historic Site on April 30, 2016.
Roseville Man Arrested for Child Molestation in Bay AreaJames McNealy Carroll, a 64 year-old Roseville resident has been arrested for six counts of child molestation.
Vacancies: Mental Health, Alcohol and Drug Advisory BoardThe Placer County Mental Health, Alcohol and Drug Advisory Board is in need of additional community members to fill vacant seats.
Distance Language Intervention and Disabilities CommunicationSean Sawicki, who has fragile X syndrome, can be hard to understand and doesn't always have the attention span to carry on a sustained conversation
Sutter Buttes Bike Poker Run & Wine Tasting May 14thSutter, CA - Visit Yuba-Sutter will host the annual Sutter Buttes Bike Poker Run and Wine Tasting event on May 14, 2016.
Roseville's Greener Gardens Tour & DIY Expo Roseville, CA- Join hundreds of people for Roseville's Greener Gardens Tour and Do-It-Yourself (DIY) Expo on Saturday, May 14th
Holly Heinzen reflects on 31-year career in serviceAfter making it through her first day, wondering if she would even be able to make it up the hill and into the parking lot, Heinzen had found a place where she would spend the duration of her career
Autism: Pool and Water Safety TipsRoseville, CA- April is National Autism Awareness month. Drowning is a leading cause of death for children and adults who have Autism.
Electric Vehicle Charging Stations in AuburnAuburn -The Placer County Transportation Planning Agency (PCTPA) and the City of Auburn will host a ribbon cutting celebration to recognize the installation of two new electric vehicle
NEWS: In Case You Missed It