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 HeadlinesRaley's Ditching Sodas Deemed UnhealthyRoseville, CA- Raley's Family of Fine Stores has announced its decision to eliminate certain Raley's private label brand soda to advance their vision of health and wellness.
Downtown Roseville Partnership and Local Homeless Shelter AllianceRoseville, CA- The Downtown Roseville Partnership (DRP), in conjunction with The Gathering Inn (TGI), have launched a day porter program within the District.
Stand Up Placer gets helping hand from U.S. BankRoseville, CA, - Stand Up Placer today received a generous grant award of $10,000 and a sponsorship award of $2,500 from U.S. Bank
Community Choice Energy Program Gets Preliminary Financing ApprovalThe Placer County Board of Supervisors recently approved a preliminary financing plan and introduced an ordinance for the development of Community Choice Energy
The Manipulation of our FoodsWith obesity rates on the rise, synthetic ingredients, addictive additives, toxic packaging, hormone-disrupting chemicals, contaminants, and dyes are
Ford Focus continues to offer great valueRoseville, CA- Although this may not be the most identifiable car in the Ford stable of vehicles, the Focus has given the venerable American automaker plenty of notoriety
Gas Prices Steady Heading Into Summer Travel MonthsRoseville, CA- Gas prices in Roseville are holding steady again heading into the busy summer travel months
California Fires Update Summary (6.27.16)Over 5,200 firefighters are battling 9 large wildfires in California. Yesterday's high temperatures combined with the low humidity led to an increase in wildfire conditions
Keep Your Pets Safe in the Hot Summer MonthsRoseville, CA - Summertime means fun in the sun, especially with your furry, four-legged friends. Unfortunately, the warmer weather
Roseville Weekly Crime Report Digest (6.26.16)Weekly Roseville crime report digest update for the period covering 17-24, 2016.
$18 Million in Contracts to Assist Placer County's Most VulnerableThe Placer County Board of Supervisors on Tuesday approved nine different contract agreements totaling more than $18 million to provide mental health, substance abuse, transitional housing and child abuse prevention services
Special Needs Dog Looking for a Special HomeRoseville, CA - Bentley, a five year old Dachshund/Wire Haired Terrier, arrived at the Placer SPCA in May without use of his hind legs
NEWS: In Case You Missed It