Archive for August, 2010
July-Slow month for Sacramento real estate, but rates in the low 4s make homes a bargain!
August 26th, 2010 categories: Real Estate news
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums, and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009. Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales – accounting for the bulk of transactions – are at the lowest level since May of 1995.
I was hoping that after coming back from my short 1-week vacation from Wisconsin Dells (See a beautiful picture of a Japanese garden attached), our market would already pick up, but I think we’ll get busier towards the Fall after an unusually slow summer. Still, buying the right house in a good location at our discounted prices, make this market a buyers’ haven.
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Gorgeous Greenbelt home backing up to the American River Parkway-Open Sunday, August 8, 2010-2-4 p.m.!
August 6th, 2010 categories: Community Events, Real Estate news, Wheeling (biking)
Imagine yourself living on the greenbelt for under $200,000! Also imagine a totally remodeled home backing up to the American River Parkway and across from the park! Unique location, great Rancho Cordova neighborhood and an exquisite remodeled home with no expenses spared! And for all the bikers out there, there is nothing sweeter than having your own bike trail behind your house!
Come see it this Sunday and have a chance to receive a 7-night cruise to Mexico, Hawaii or the Caribbean!
For more information check out the virtual tour: http://10717ambassadordr.epropertysites.com/
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.Dynamicsacramentohomes.com. And last, but not least be sure to ask for your 7-night cruise when buying with Carmen and her team of experienced agents, as well as a $500 credit to your closing costs if you mention this blog article.
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Sacramento Great Rental Market-Pricing your Rental Right!
August 6th, 2010 categories: Real Estate news
Rentals are big in our market, and buying and holding is a great strategy, as now Sacramento has turned into a cash cow! Duplexes and homes up to $150,000 are great cashflow opportunities. I have a totally remodeled home on 2008 Robert Way, Sacramento, 95825 for only $154,900, which is 1,600 sq ft. This would bring app. $1,500 in rent a month, and the mortgage and expenses would be around $1,000 depending on the downpayment, so $500 cashflow a month is not too shabby. Here’s the website and virtual tour link for the house: http://2008robertway.epropertysites.com.
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Home Price Drop-Another Reason to Become a Homeowner!
August 2nd, 2010 categories: Real Estate news
After the Federal Tax incentive went away in April, things slowed down in our market, although good and well-priced homes up to $150,000 are still being snatched up. Nonetheless, economic recovery could be choked by a drop in home prices, according to former Federal Reserve head Alan Greenspan.
On the Aug.1 edition of NBC’s “Meet the Press,” the economist warned that falling residential values could send the country into a double-dip recession. His successor at the Fed, Ben Bernanke, told Congress last week that the economy remains “unusually uncertain” and that the central bank was prepared to act if the economy loses momentum.
Source: National Mortgage Professional, Andrew T. Berman (08/02/10)
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.Dynamicsacramentohomes.com. And last, but not least be sure to ask for your 7-night cruise when buying with Carmen and her team of experienced agents, as well as a $500 credit to your closing costs if you mention this blog article.
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