yellow pages news jobs events calendar movie times
Rocklin and Roseville Today Events Calendar
   |   Current Temp: 88.0 F (31.1 C)

Housing Recovery Still Moving Forward





Roseville, CA --The forecast for housing and the economy and how consumers feel about these topics has been fluctuating over the past few months but the longer term trend does remain positive according to mortgage giant, Fannie Mae's most recent housing survey.

In the Fannie Mae survey, conducted last month, 50 percent of those responding expect home prices to rise in the coming month and they believe home prices will go up in the next year.  The percentage does not seem overwhelming but in their January survey the same question only garnered a 43 percent who believed prices would increase.  The February survey pegged the 12-month home price change to be 3.2 percent.  In addition, when asked if this is a good time to buy, 68 percent of those surveyed responded yes which was an increase of 3 percent from the previous month.

With 50 percent of the survey respondents indicating they believe home prices are going up there are obviously those out there who still have concerns about the housing market.   The percentage of respondents who believe it would be easy to get a mortgage dropped 7 percent from January's high of 52 percent.  In addition the number of people who think the economy is headed in the wrong direction increased.

Other survey highlights included:

  • The share of respondents who say mortgage rates will go up in the next 12 months increased by 1 percentage point, to 56 percent.
  • The average 12-month rental price change expectation increased from last month to 4.3 percent.
  • Fifty-one percent of those surveyed said home rental prices will go up in the next 12 months, an increase of 3 percentage points from last month. 
  • The share who say they would buy if they were going to move fell 4 percentage points to 66 percent, and those who say they would rent increased to 30 percent. 
  • The percentage of respondents who expect their personal financial situation to get better in the next 12 months decreased slightly from last month, to 43 percent.

Not sure I can answer many questions about the Fannie Mae survey but if you have questions or concerns about our local housing market or buying to selling in the current evniornment, let me know.  I can be reached at  the MagnumOne Realty office in Roseville (916-899-6571) or by email to juliej@jalone.com.

Print

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 Headlines

3 Arrested in Baby Formula HeistPlacer County sheriff's deputies arrested three Bay Area burglary suspects and are seeking a fourth after the group stole a large amount of baby formula from the north Auburn Bel Air store

Sample the Sierra Festival at South Lake TahoeFoodies and wine lovers alike will gather in South Lake Tahoe this Labor Day weekend as Sample the Sierra celebrates its 5th anniversary on Sunday, August 31st

Sierra College Supports Former Foster YouthRocklin, CA- - As the school year begins, Sierra College is taking an extra step to ensure that one group of students gets off to a good start.

Roseville Chamber Events September 2014Roseville, CA -- The Roseville Chamber of Commerce featured events for the month of September 2014.

American River Music Festival in SeptemberDip your toes in the river while grooving to world renowned vintage rock, blues, new and old grass, sweet jam and the finest of folk at the 8th Annual American River Music Festival in California's scenic Gold Country

Local Man Earns Inclusion in National Pottery ExhibitionsRocklin, CA-- Sierra College congratulates local sculptor and staffer, Anthony Maki Gill for earning inclusion in not just one, but two national exhibitions this summer

Placer Fish and Game Commission Solicit Grant ProposalsThe Placer County Fish and Game Commission is soliciting grant proposals from non-profit organizations, schools, other organizations and individuals

$7 Billion Water Bond Supported by Sacramento SupervisorsDrought Watch: AB 1471, the legislation placing the water bond on the ballot, asks voters to approve $7.12 billion for projects which will build new water storage facilities, invests in safe drinking water

Gas Prices Under $3 Gallon Coming Soon?Average retail gasoline prices in Sacramento have fallen 3.4 cents per gallon in the past week, averaging $3.79/g yesterday, according to GasBuddy's daily survey

Carbon Pollution Limits Can Help Save Lives and Improve HealthFew things are more frightening for a parent than racing to the hospital with a child who can't breathe.

Sierra College Football Hosts 2014 Meet The Wolverines Rocklin, CA -Amid high expectations, the 2014 Sierra College football season kicks off with the annual "Meet the Wolverines" controlled scrimmage and fan-fest Saturday, Aug. 23

Roseville California Crime Brief (8.19.14)Roseville, CA-- The Roseville Police Department Crime Brief Report for August 19, 2014.


more news