Optimistic Local Housing Market
We are clearly seeing optimism in the local real estate market. Although one the hardest hit areas in the housing and foreclosure crisis, the Sacramento area housing market is seeing better days and buyers and sellers are feeling it.
Faced with tight inventories of homes for sale, buyers are realizing they may have to bend a little in order to get the home they want What I am seeing, is buyers are willing to pay more for a home compared to last summer and they are more flexible on the features they must have. This combined with more homes coming on the market is making my job as an agent easier and more fun.
With upward pressure on home prices and low interest rates, buyers and sellers are much more upbeat about the Sacramento housing market.
According to a recent survey by the California Association of Realtors, 69 percent of sellers purchased another home after selling, up from 47 percent in 2012 and 12 percent in 2011. According to the survey the top reason for selling in 2013 was a desire to trade up. In 2012, the top reason for selling was due to financial difficulties.
Sellers are having an easier time selling their homes.
According to the CAR survey most sellers are reporting they received more than one offer on their home and 45 percent of those surveyed said they had above asking price offers. CAR President Kevin Brown summed up the survey by saying, "Much-improved housing market conditions in the last year have given sellers more confidence to own a home rather than to rent one."
If you want to know if this is a good time to buy or sell, please let me know. I would love to answer your questions about the Sacramento and Roseville housing market. I can be reached at the MagnumOne Realty office in Roseville (916-899-6571) or by 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 HeadlinesRoseville California Crime Brief (8.31.14)Roseville, CA - Roseville California crime brief update report for August 31, 2014.
Acura ILX: Luxury Vehicle, Reasonable PriceFor car shoppers looking for an upscale luxury sedan that doesn't arrive with a luxurious price tag, Acura debuted the ILX a year ago and its back for 2014 virtually unchanged
People with Autism Especially VulnerablePerhaps like you, recently I read of an incident in Okeechobee, Florida, in which an 18-year-old man was recorded on video beating, choking, kicking, and holding a knife to the throat of a 16-year-old boy with autism.
54 Year Old Roseville Woman Killed with Own VehicleRoseville- 54-year-old Bernadette Ann Richardson was killed when her SUV rolled backwards as she was retrieving a bicycle from her 1997 Ford Explorer.
Photos: Napa Earthquake DamageWe recently had the opportunity to tour Napa following the magnitude 6.0 earthquake. The downtown area of Napa which contains many older buildings was hit especially hard.
California Senate Passes New Gun Violence BillCalifornia's state today passed the "Gun Violence Restraining Order (AB 1014)," legislation that would allow family members or law enforcement to petition a court
Laura's Law Implementation in Placer CountyPlacer County became the sixth county in California Tuesday to implement Laura's Law - a state statute that authorizes court-ordered assisted outpatient treatment of residents with severe
$22 Million Animal Services Center in Auburn Moves ForwardThe Placer County Board of Supervisors awarded a design-build contract on Tuesday that paves the way for construction of a long-planned Animal Services Center in North Auburn that
Autism in Girls Study Launched in CaliforniaAutism is far more common in boys than girls - affecting 1 in 54 boys and 1 in 252 girls - but little is known about biological differences between boys and girls with autism.
Sierra Shoot Out Water Polo Tournament in RocklinThe Sierra Shoot Out Water Polo tournament is back for another year at Sierra College. The junior college has hosted this high school tournament for over 20 years
What is Slowing the California Housing Recovery?Realtor, Julie Jalone of MagnumOne Realty in Roseville, writes about why the California and Sacramento housing markets are not expanding as fast as expected. Find out what Julie thinks is contributing to a slower real estate market.
Circus Vargas in Roseville this September Roseville,CA -- Get ready for the ultimate entertainment extravaganza for all ages as the circus comes to Roseville.