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 HeadlinesSierra College CACT Partnership Wins AwardSierra College, the California Conservation Corps and Golden Sierra Job Training Agency were recognized by the Placer County Economic Development Board
David Boesch Honored at North Lake Tahoe Awards DinnerPlacer County Executive Officer David Boesch was presented the Public Servant of the Year Award at the North Lake Tahoe 61st Annual Community Awards
Garth Brooks Tickets: Six Nights in SacramentoSaddle up cowboys and cowgirls! Garth Brooks will be making the first California appearance on his current world tour
Vacation Deals: On Tight BudgetsLet's face it, we all love our vacation time. A time to break off from everyday routines, ditch a portion of the responsibility we call life and enjoy doing what we love
Joyce and Jim Raley Teel & Joseph Gallo HonoredMore than 700 guests came out to honor Joyce and Jim Raley Teel, Raley's Family of Fine Stores and Joseph E. Gallo at their induction into the California Grocers Association Educational
Roseville Solar City Location Looks to Fill 300 JobsSolarCity , one of the nation's leading solar providers, announced its move into a vast new Roseville, California office to accommodate its growing local staff.
Republicans Start Swinging in Auburn Golf BattleAuburn, CA- The temperature are rising and Republicans will be heating it up in Auburn at the 4th Annual Placer County Republican Golf Tournament
Top 100 Paying Jobs in California (Part 5)Part 5 in the countdown to #1 to the Top 100 Paying Jobs in California
Jessica's Law Enforcement Changes Prompt ResponseJessica's Law authors George and Sharon Runner today responded to a decision by the California Department of Corrections and Rehabilitation to stop enforcing Jessica's Law residency
Maria Menounos: Special Olympics Global AmbassadorThe Special Olympics has announced that author and television personality Maria Menounos of E! is joining the Special Olympics family as the movement's newest Global Ambassador.
Van Halen to play Shoreline Amphitheatre on July 16For Northern California fans, Van Halen's only scheduled area appearance will take place at Shoreline Amphitheatre in Mountain View on July 16.
Rocklin Home for Sale: Retreat at Whitney OaksA brand new, custom home on Whitney Oaks golf course lot is now available in Rocklin.
NEWS: In Case You Missed It