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.
Print This Article
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
Placer County News HeadlinesArrest in Rocklin $37K Embezzlement CaseFrederick Lacker is suspected of embezzling funds that had been entrusted to him for the daily operations of the non-profit organization.
Strategies for Move-up Home BuyersRoseville Realtor, Julie Jalone, writes about the growth of move-up buyers in the local real estate market and outlines some potential strategies and risks when selling a current home to buy a new one.
Big DoG Countdown: Gold Country Wildlife RescueBig DoG Countdown: Learn how Gold Country Wildlife Rescue impacts your community.
Placer County's Most Wanted: Christopher AcevedoRocklin, CA -- Placer County's Most Wanted highlights individuals being sought by police. 27 year old, Christopher Michael Acevedo, last known address of Rocklin, CA
Roseville Celebrate the Earth Festival 2014Enjoy free family fun at the 7th Annual Celebrate the Earth Festival from 10 a.m. to 3 p.m. on Saturday, April 26 at the Roseville Utility Exploration Center, 1501 Pleasant Grove Blvd., in Mahany Regional Park
Lumber Liquidators New Roseville Store on Fairway DriveWith the opening of its newest store at 9400 Fairway Drive Ste. 150, Lumber Liquidators has brought its low-cost, no-middleman flooring approach to Roseville
Get in Gear for May is Bike MonthIt's time to tune up your bikes and join your neighbors and coworkers in bicycling for work, school, errands, or recreation this May during the Sacramento region's annual May is Bike Month campaign.
Sriracha Factory Courted by Oroville Economic AllianceAs the controversy continues to heat up over the possible relocation of the Sriracha factory in Irwindale, California, Oroville Economic Alliance announces its ambition to have the Sriracha plant
America's Clay Fest II Competition in RocklinGot old meds? The next county-wide medication take-back day will be on Saturday, April 26, when you can safely dispose of expired or unneeded prescription, over the counter and veterinary medication
Large Emergency Drill at Colfax High April 26thResidents need not be alarmed if they spot scores of emergency vehicles at Colfax High School on Saturday, April 26.
Big DoG Countdown: Child Advocates of Placer CountyBig DoG Countdown: Learn how the Child Advocates of Placer County impacts your community.
Mitsubishi Outlander Sport: An Affordable Compact SUVWhen shopping for a Mitsubishi Outlander, note that there's quite a major difference between the "standard" Outlander and the Outlander Sport.