Archive for July, 2009
Stunning 5-Acre Estate in Carmichael! Open House, Sunday July 26 2-4 p.m.
July 25th, 2009 categories: Carmichael events and news, Community Events
- Open House Sunday, July 26 2-4 p.m.
One of a kind gated estate that is a reminder of Carmichael’s bucolic charm and character, as you sit on the wrap around deck of this exquisite home and enjoy breathtaking views of a backyard featuring a large garden, your own solar panel, many fruit trees, majestic redwood trees and an orchard.
For more information on Sacramento real estate, please contact Carmen at 916-342-2446 or e-mail at carmen@carmenmicsa.com. Also to receive free listings, go to www.carmenmicsa.com. And last, but not least be sure to ask for your 7-night cruise when buying with Carmen, as well as a $500 credit to your closing costs if you mention this blog article.
Also for loans and refis, please contact me directly first, but also check out my great loan web site that gives you the best rate from almost 200 lenders who compete for your business.
www.carmenslowratemortgage.com
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Sacramento Real Estate Market Improving!
July 25th, 2009 categories: Real Estate news
There are some buyers who need to hear from the media that our real estate market has improved and that the gloomy times are behind us. Well, those people can get the good news from RISMEDIA.
Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®. Read the rest of this entry »
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Housing market recovery map-Location Counts
July 24th, 2009 categories: Community Events, Real Estate news
When dealing with buyers and sellers I always get burning question: “When is our market going to rebound and recover? My answer is: the housing slump will end for sure, but when and how nobody really knows. It also depends on where you live.
According to The Wall Street Journal’s latest quarterly survey of housing-related data shows that the market for residential real estate is healing at varying speeds in different parts of the country. The Northern Virginia suburbs of Washington, D.C., and many areas in California that are near employment centers have shown signs of stabilizing, housing analysts say, while the outlook in other places — much of Florida, Detroit and Las Vegas — still appears bleak.
Thursday morning’s report from the National Association of Realtors on June home sales is sure to inflame the debate on whether the housing market is bottoming, but clear answers are likely to remain elusive — partly because of the variations in performance around the nation.
A flood of foreclosed homes sold by banks over the past year has crushed prices of low- to mid-range houses down to levels that attract investors and first-time buyers in some areas, notably parts of California.
For buyers in Sacramento, for instance, buying a house became “a no-brainer” as they realized that buying is cheaper than renting. Buying also comes with many tax benefits, so don’t wait till teh market rebounds and pay more money: buy NOW.
At both the high and low ends of the market, there are still plenty of reasons for caution. Rising unemployment is removing potential buyers and turning others into sellers. Credit remains tight. Appraisers have become more conservative and their estimates are causing many potential sales to fall through. Large numbers of foreclosed homes are likely to weigh on the market for at least another year or two.
And a federal tax credit of as much as $8,000 for first-time home buyers ends Nov. 30.
In the Washington, D.C., area, government-related employment has held up and helped revive housing demand, says Jody Kahn, an analyst at John Burns Real Estate Consulting, a research firm. “Good locations in Alexandria and Fairfax [Va.] are seeing some emerging price stability and even small increases,” Ms. Kahn says, and Maryland’s Montgomery County “is showing price stability.” More remote suburbs will take longer to recover, she says.
In California, San Diego and Sacramento both have become much more affordable, she says. Ms. Kahn also thinks prospects are relatively good in Denver; Raleigh, N.C.; San Jose, Calif.; and the Texas cities of Austin and San Antonio — areas that generally avoided the housing bubble and so don’t have as much need to adjust.
Thomas Lawler, an independent housing economist in Leesburg, Va., says areas that seem to be nearing stability include San Diego, Sacramento, Minneapolis, Boston and the Virginia suburbs of Washington.
Among metro areas that “still have a long road to recovery” are Detroit, Phoenix, Las Vegas, Miami-Fort Lauderdale and Chicago, says Ms. Kahn. Mr. Lawler includes New York, Seattle and Portland, among others, in this category. Problems in these areas include high unemployment and large numbers of vacant homes.
Of course, there are lots of variations within metro areas. The most appealing neighborhoods, offering short commutes and good schools, may vastly outperform marginal areas that thrived during the boom.
The job market outlook is a major wild card for those seeking to divine the direction of house prices. Looking ahead one year, Moody’s Economy.com sees the metro areas of Washington, Minneapolis, Houston and Dallas among those likely to have unemployment rates below the national average. Those expected to be above the national average include Detroit, Las Vegas, Los Angeles, Miami, Orlando, Sacramento and Portland, Ore.
Unemployment may be the most important factor in assessing a metro area’s housing-market prospects, says Mark Zandi, chief economist at Moody’s Economy.com. “If people don’t have jobs or fear losing their jobs ,then buying homes is out of the question,” he says.
For more information on Sacramento real estate, please contact Carmen at 916-342-2446 or e-mail at carmen@carmenmicsa.com. Also to receive free listings, go to www.carmenmicsa.com. And last, but not least be sure to ask for your 7-night cruise when buying with Carmen, as well as a $500 credit to your closing costs if you mention this blog article.
Also for loans and refis, please contact me directly first, but also check out my great loan web site that gives you the best rate from almost 200 lenders who compete for your business.
www.carmenslowratemortgage.com
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Would you like $8,000? Buy a Home NOW!
July 11th, 2009 categories: Community Events, Real Estate news
Procrastination can costs us thousands upon thousands, which is why buying a home this summer is a MUST! We’re experiencing one of the lowest interest rates, low and affordable home prices, and most importantly great incentives offered to first time buyers, which will end by the end of November.
Note! The deadline to take advantage of this opportunity is November 30, 2009. Close in December, and you just lost $8,000.
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Buy your home NOW! Free Mortgage Protection!
July 7th, 2009 categories: Real Estate news
Buyers often fear job security, and thus delay buying in the best market we’ll see in years! The answer to their fears? Mortgage Protection Program! Read the rest of this entry »
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Buying a home can be difficult due to mutiple offers-Find out how to maximize your chances!
July 4th, 2009 categories: Community Events
Buying a home in a buyer’s market should be a piece of cake, right? Wrong! Good homes, priced aggressively to move ofter times generate 10 to 30 offers, which means that buyers find themselves in a fierce competition.
There are four basic principles that most sellers, whether regular individuals or banks carefully analyze and take into account:
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