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 firstname.lastname@example.org.
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 HeadlinesRoseville Crime Report Digest Update (7.2.15)Roseville, CA - Weekly crime report digest update for Roseville, July 2, 2015.
50 Days of the Grateful Dead: One More Saturday NightA return to 1972 across the pond at Wembley Empire Pool find The Dead ripping through a scorching version of One More Saturday Night
Opinion: Let's Be CivilAccelerating the decline of citizen engagement in our government are two notable demographic shifts underway
Roseville Hosting Chicks with Sticks Lacrosse TournamentSwashbuckler Lacrosse is breaking new ground with their upcoming Chicks with Sticks Lacrosse Tournament on July 11-12
John Adams Academy Finalizes Purchase of Campus in RosevilleRoseville, CA - Officials from John Adams Academy (JAA) charter school in Roseville announced today they have finalized the purchase of the former Heald College building
Placer County Foster Children in Need of Mentor VolunteersChild Advocates of Placer County is currently in need of 30 new volunteers to become Court Appointed Special Advocates (CASA) or Mentors
50 Days of the Grateful Dead: Lady with a FanWe're like licorice. Not everybody likes licorice, but the people who like licorice really like licorice." ~ Jerry Garcia
Dots and dashes changed Zachary Barnum's lifeThis 17-year-old resident of Fredericksburg, Virginia, who is legally blind in one eye due to optic nerve hypoplasia and has a form of bipolar disorder (ATOU Cares.org)
Dry Lightning Boosts Northern California Fire RiskDrought Watch: CAL FIRE has increased staffing due to forecasted dry lightning and strong winds throughout much of northern California
California Senate Committee Kills Sex Offender Bill SB54Senator Sharon Runner (R-Antelope Valley) announced her legislation to make sex-offender residency restrictions more workable
Fireworks Safety Tips this Fourth of JulyWith the Independence Day holiday rapidly approaching, CAL FIRE is reminding all Californians and visitors to do their part to prevent fires caused by illegal fireworks
California Lowers Excise Tax Rate on GasState Board of Equalization Vice Chair George Runner announced that California's excise tax on gasoline will decrease by six cents per gallon
NEWS: In Case You Missed It