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.
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 HeadlinesPlacer County Republican Party To Hold 2014 ConventionLOOMIS - The Placer County Republican Party will hold its endorsement convention on Aug. 23 to select which candidates to support for local offices in Placer County.
Job Fair in Roseville August 22ndRoseville, CA -- Multiple community agencies including Brandman University, The City of Roseville Libraries, Placer, Sacramento and El Dorado Counties, Golden Sierra Job Training, and Sacramento Works
Roseville Crime Report Digest Update (7.23.14)The Roseville Police Department weekly crime report digest update for July 23, 2014.
California Limits Full Contact Football for StudentsGovernor Jerry Brown signed into law AB2127 which limits, but does not eliminate full contact football practices for middle and high school students.
Beware of Deceptive Home Improvement OffersThe California Contractors State License Board (CSLB) is urging consumers to be aware of home improvement offers by individuals who use unethical business practices to gain entry into their homes
Continuous Improvement Network: August 6th & 20thSierra College CACT provides Value Stream Mapping Training in Sacramento on August 6 & 20 for the Continuous Improvement Network
Alternative Transportation Programs in Placer CountyPlacer County Transportation Planning Agency (PCTPA) is your resource for information about alternative transportation services in Placer County.
Auburn Woman Attacked Inside HomePlacer County sheriff's detectives are looking for a man who attacked a woman at her north Auburn home early this morning.
Western Nationals Softball Tournament in Roseville and LincolnASA Softball is bringing the Western Nationals for the Girls B 10U & 12U divisions to the Placer Valley Area. The event is six days long, taking place from July 28-August 3.
Tahoe Public Projects Garner AttentionTahoe Transportation District has been recognized nationally and by the state of Nevada for its positive impacts, collaborative initiatives, environmental enhancement, and service to the community's
Rocklin National Night Out Events August 5thEach community member is invited to join their neighborhood watch group and the Rocklin Police Department for National Night Out on Tuesday, August 5, 2014.
Recovery Plan for California Salmon and SteelheadNOAA Fisheries and the California Department of Fish and Wildlife (CDFW) jointly released two plans to restore populations of salmon and steelhead in California's Central Valley