Yuba-Sutter Real Estate Analytics

Inventory is increasing!  A quick look at the numbers from last week (and the previous couple weeks) shows that we have been listing more homes than we are selling.  Just last week 119 homes were added to that list including the 29 previously listed homes returning to the market we have a pretty impressive number.

Sales numbers were up also, noticeably less than the new offerings this week.  With 70 homes sold, that’s a ratio of about 60%.  Price adjustments seem to be rather high also.  Apparently many homes recently brought to market were over-priced … according to the buyer.

Here are the stats for you “number folks”.  A click on the number in the chart below will get you a list of the homes included in that category.

Newly Listed Back on Market Price Increase Price Lowered Under Contract Closed
90 29 5 70 70 57

Looking for a list of foreclosed homes?  Have another specific need you don’t see here?  Just shoot us a quick email and we will get that to you.  Need it faster than that?  How about a phone call?

Do you know what your home is worth in TODAY’S market?  To find out just click the button below.  Search for homes for sale, questions?  Just click …

Contact us

Renter to Home Owner: it just might be getting easier!

Especially since the crash getting a loan has been tough for some.  For those who lost their homes during this period solutions have been helping.

But, what about those that never had credit?  Why are they penalized?  They have kept their daily living bills paid.  They are never late on their rent payments.  And, after all, isn’t this the biggest/brightest focus for home lending; the responsible payment of housing costs?

That might be changing!  Recent reports state that Experian and TransUnion are beginning to look at verifiable rent history in figuring a credit score.  Click here to read more.

To see if this helps you call your lender or your Realtor®.  Or call or email us. 530 315-2808 or click here.

FHA Loans Getting Cheaper?

Yes, it’s true.  Although the interest rates are extremely low, it is going to cost less to get your FHA loan with Mortgage Insurance (MI).  This will be done by reducing the MI itself.

Yes, there is a catch.  No, it’s not Christmas!  You have to contribute.  Not money, not your first born.  A few hours of education will do the trick!

Yes, that’s it.  A few hours to help understand the ramifications of lending and using credit.

Yes, you can get more insight by clicking here:  black-glasses-hi

For additional stories on this topic click here:   books-for-clip-art-4

Real Estate Last Week/Month …

Below are the numbers for last week’s Real Estate activity in Yuba and Sutter Counties.  Once again the sales fell behind new listings (including the “Back on Market” homes) just as they did with the recent weeks.

Newly Listed Back on Market Price Increase Price Lowered Under Contract Closed
86 19 1 74 68 47
368 99 15 317 358 213

 

To view the homes in any of last week’s categories just click on the number.

July closes out with real estate sales pretty much level, or slightly down from June and May.  Prices have increased significantly from the beginning of the year.  Interest rates have remained historically low.

Inventory has been increasing slowly and there continues to be no sign of the fabled “shadow inventory” some news services were predicting would flood the market driving prices down again.

While price reductions continue at a high rate this is not something to be alarmed about.  Many homes are coming to market with an unrealistic asking price.  Consult your Realtor® (or call us) to verify the market value of any home you are interested in.

Good news?  Right now prices are stable, interest rates are low, and good deals are happening daily.

Why would you not buy now? Not-so-good news?  There have been some changes in the way loans can be made.  This has slowed the market sales while everyone figures it out.  We are expecting to see another slight interest increase soon. 2014 is going to be another great year for people who know how to utilize the tools given them.  We have numerous first time investors entering the market because NOW is the time when all the numbers line up.

OPPORTUNITY IS KNOCKING!  Will you answer? If you are thinking about buying or selling real estate in the near future, now is the best time for action.

Local Real Estate Analytics

Inventory is increasing!  A quick look at the numbers from last week (and the previous couple weeks) shows that we have been listing quite a few homes for sale.  Just last week 73 homes were added to that list.  With last week’s 27 previously listed homes returning to the market we have a pretty impressive number.

Sales numbers were up also, just slightly less than the new offerings.  Last week 69 homes were sold, up from the 66 the week before.  Price adjustments seem to be right in line with recent numbers also, with many price reductions.

Here are the stats for you “number folks”.  A click on the number in the chart below will get you a list of the homes included in that category.

 

Newly Listed Back on Market Price Increase Price Lowered Under Contract Closed
73 27 3 58 69 49

 Looking for a list of foreclosed homes?  Have another specific need you don’t see here?  Just shoot us a quick email and we will get that to you.  Need it faster than that?  How about a phone call?

Do you know what your home is worth in TODAY’S market?  To find out just click the button below.  Search for homes for sale, mobile search app, questions?  Just click or call.

Real Estate Numbers This Week …

Below are the numbers for last week’s Real Estate activity in Yuba and Sutter Counties.  Once again the sales fell slightly short of  new listings (including the “Back on Market” homes).  One surprising number is that the price reductions outnumber the new listings!

Newly Listed Back on Market Price Increase Price Lowered Under Contract Closed
61 28 6 77 66 41

To view the homes in any of the above categories just click on the number.

The first half of 2014 closes out with real estate sales pretty much level.  Prices have not increased significantly from the beginning of the year.  Interest rates have begun to raise but remained historically low.

Inventory has been low and there continues to be no sign of the fabled “shadow inventory” some news services were predicting would flood the market driving prices down again.

Good news?  Right now prices are still low, interest rates are low, and good deals are happening daily.  Why would you not buy now?

Not-so-good news?  There have been some changes in the way loans can be made.  This slowed market sales while everyone figured it out.  We are expecting to see a slight interest increase.

2014 is going to be another great year for people who know how to utilize the tools given them.  We have numerous first time investors entering the market because NOW is the time when all the numbers line up.  OPPORTUNITY IS KNOCKING!  Will you answer?

If you are thinking about buying or selling real estate in the near future, now is the best time for action.

Contact us today for information on how recent trends can help you.

old-telephone-clipartvintagefeedsacks-free-vintage-clip-art-vintage-telephone-old-zjobn5vt  530 315-2808  CoolClips_hand0192  Michael@YubaSutterHomesAndLoans.com

 

 

 

Local Real Estate Analytics

Inventory continues to maintain!  A quick look at the numbers from the last 2 weeks (and the previous couple weeks) shows that we have been listing quite a few homes for sale.  During that time 173 homes were listed for sale; 25 of those were returning to the marketplace.

Sales numbers were up also, in fact slightly outpacing the new offerings.  155 homes were sold, much higher than the 76 that closed.  Price adjustments seem to be right in line with recent numbers also, the overpriced homes dropping to meet the market.

Here are the stats for you “number folks”.  A click on the number in the chart below will get you a list of the homes included in that category.

Newly Listed Back on Market Price Increase Price Lowered Under Contract Closed
148 25 5 108 155 76

Looking for a list of foreclosed homes?  Have another specific need you don’t see here?  Just shoot us a quick email and we will get that to you.  Need it faster than that?  How about a phone call?

Do you know what your home is worth in TODAY’S market?  To find out just click the button below.  Search for homes for sale, mobile search app, questions?  Just click … Contact us

Last Week’s Local Real Estate Numbers

Inventory is maintaining!  A quick look at the numbers from last week (and the previous couple weeks) shows that we have been listing quite a few homes for sale.  Just last week 85 homes were added to that list.  With last week’s 19 previously listed homes returning to the market we have a pretty impressive number.

Sales numbers were up also, just slightly less than the new offerings.  Last week 70 homes were sold, down from the 72 the week before.

Price adjustments seem to be right in line with recent tends also.  Overpriced homes are not being shown and homes that are perceived to be properly priced sell quickly!

Here are the stats for you “number folks”.  A click on the number in the chart below will get you a list of the homes included in that category.

Newly Listed Back on Market Price Increase Price Lowered Under Contract Closed
85 19 3 51 70 41

Looking for a list of foreclosed homes?  Have another specific need you don’t see here?  Just shoot us a quick email and we will get that to you.  Need it faster than that?  How about a phone call?

Do you know what your home is worth in TODAY’S market?  To find out just click the button below.  Search for homes for sale, mobile search app, questions?  Click … Contact us

Thermostat Recall

If you have replaced your thermostat recently this may be very important to your safety and that of your family. According to recent notices certain thermostats manufactured by White-Rogers and sold under many names (Westinghouse, Nutone, Emerson among them) have been the source of fires. th If your thermostat looks like one of these please read this article:  extra extra