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Activity Report 2nd Week of 2014

Posted on 19. January 2014 by Michael McFarlane

The Yuba-Sutter area continues to see rather steady sales numbers in real estate. While the number of new listings each week (and those coming back onto the market) varies noticeably, the overall average continues to keep pace with the sales.

We are also seeing less price reductions. Are new listings coming to market better priced? We think so. And those that are priced on the higher side have time to wait for the buyer willing to go the extra price to get what they want.

Recent announcements that interest rates are not likely to increase for the next few weeks have helped maintain consumer confidence in the market. While the prime may be stabilizing a bit, we think the government’s pulling support from (or less buying of) real estate bonds might cause a wait-and-see attitude from investors in the short term.

As in the past, just click any of the numbers below to get a full report of the homes in that category.

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
11-Jan	63	19	0	28	70	31

Monday Stats

Posted on 7. January 2014 by Michael McFarlane

Here are the numbers for last week’s activity on the Real Estate scene:

Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
57	18	3	14	44	42

Click on any of the above numbers to get the list of homes in that category.

While it looks like we listed many more than we sold, last week’s numbers were just the opposite. Over the holidays in general it all averaged out about the same as the time period preceding the holidays.

The market in general continues to slowly recover. Neighborhoods are coming back. NOW is the time to take action.

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Real Estate This Year

Posted on 3. January 2014 by Michael McFarlane

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

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
28-Dec	15	11	2	10	39	22

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

2013 closes out with real estate sales pretty much level. Prices have increased significantly from the beginning of the year. Interest rates have 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 will likely slow the market sales while everyone figures 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.

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Activity in Real Estate This Week …

Posted on 24. December 2013 by Michael McFarlane

Below are the numbers for last week’s Real Estate activity in Yuba, Sutter and Colusa Counties. Once again the sales and new listings (including the “Back on Market” homes) continue to keep pace with each other.

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

Good news for sellers? For those looking to sell their home it means there are buyers out there working with loans that need to be put in place before the rates go up. The time to list your home is NOW!

Here are those numbers for last week’s activity in the central valley (Colusa, Sutter & Yuba Counties):

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
21-Dec	44	19	4	10	68	45

Click on any of the stats above to get a list of the homes in that category.

To give you a quick glance at how this differs from past years here are the month-to-date numbers for last year and 2011:

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14 Day Close on Home Loans

Posted on 21. December 2013 by Michael McFarlane

Yes, it is true! Because we care about you we have searched high and low to bring you the very best. While it is true that we are not in the loan business, most people would not be able to purchase a home without a home loan. Take a look at this: 14 days close – Michael McFarlane

If you are thinking about buying or selling now is the time to get that going. Everything we read tells us the interest rates a going up. Hopefully it will happen slowly but why pay more for the same thing?

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Mortgage Applications Rebound …

Posted on 18. December 2013 by Michael McFarlane

Mortgage Applications Rebound after Six Week Decline: The week ending December 6th saw mortgage applications increase by one percent; it was the first time in a month and a half that the numbers edged upwards. While the increase may seem insignificant to some, it’s a great sign for the housing market. Don Frommeyer, CRMS, President of NAMB (The Association of Mortgage Professionals), shares his insights on the mortgage numbers. Read more

Good news for buyers? Right now you can still get your loan for outstandingly low interest rates. That will change! Rates are going to increase. As of this morning I am still seeing rates as low as 4.375 on 30 year fixed loans. Do you want to pay more?

Here are the numbers for last week’s activity in the central valley (Colusa, Sutter & Yuba Counties:

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
14-Dec	36	13	0	30	59	38

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

Free information click HERE.

Search for Homes for Sale:

What’s your home worth?:

Answers to your real estate questions: call

Realtor.com has suspended the pilot of AgentMatch

Posted on 14. December 2013 by Michael McFarlane

Below is the statement released today by Realtor.com concerning Realtor.com’s usage of a ranking system on their web site. We agreed with the majority in that the system was fundamentally flawed; largely in how it did the ranking.

It seems that they were ranking agents based on volume of business. We argued that quantity and quality are often diametrical opposites. It is our belief that once a certain number is reached quality must suffer. There are only 24 hours in a day and handling a transaction in today’s world requires many of those hours.

While handling some transactions does indicate experience, it is not an indicator that those were of good quality either. I personally have had more than one case where, in order to provide the quality I guarantee my clients I have had to do the work on BOTH sides of the transaction.

As with any relationship interview your prospective Realtor®. After all, they are about to become your employee!. Are they experienced? If reasonably new are they energetic, willing to learn, and working with a team that has the experience? You will be sharing some of your financial information, life secrets, and TRUST with this person. Are you comfortable with him/her?

Get the full story here:

Your Smart Phone just got Smarter!

Posted on 13. December 2013 by Michael McFarlane

Turn your smart phone into a search engine for you! If you are out looking for homes for sale and you see a sign what do you do? Most often you call your agent, or the number on the sign, right?

Now you wait for the agent to get back to you. Do you sit there wasting valuable time? Or do you drive on hoping you remember the house when your call comes?

Do you have a QR reader on your phone? Get the app here:

If you want your information NOW we have a solution for you! An app for Android or iPhone is here, for you. No waiting for the return call. It knows where you are looking (via the GPS in your phone). It doesn’t try to sell you, just gives you the information you want.

If you want more information after that, just click a button to send a quick text. Easy enough?

No QR reader? No problem! Text: KW2GC2E6T to: 87778. The app will download for you.

Did I mention it is FREE!

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Changes Coming in Lending and Taxes

Posted on 12. December 2013 by Michael McFarlane

FHA loans have been a large part of the home buying scene for some time. They have been the largest single factor in making it possible for many home buyers to purchase their home. There are changes coming that will affect new loans.

In the three counties we service most (Yuba, Sutter and Colusa) there will be a lowering of the purchase (or loans) limits. Currently FHA will loan up to $417,000 on a home. As of January 01, 2014 that maximum amount will be lowered to $271,000 in our area.

JOBS UP, STOCKS DOWN… A better than expected monthly Employment Report sparked a stock rally on Friday, but it wasn’t big enough to prevent the Dow and S&P 500 from ending down for the week, after eight weekly gains in a row. The good news jobs report featured 203,000 nonfarm payrolls added in November, plus …

Sales and New Listings continue …

Posted on 11. December 2013 by Michael McFarlane

This week’s numbers: As you can see from the chart below we continue to list about the same number of homes as we sell each week. This trend has been rather consistent for the last year. Dare we say it is the new “norm”?

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
7-Dec	45	17	1	27	44	46

Good news for buyers? In the old way of thinking a decreased inventory would mean an increase in prices. We are not seeing that of late. Selling price seems to have leveled out. Interest rates are expected to raise however, so time is still important.

Good news for sellers? For those looking to sell their home it means there are buyers out there working from a limited inventory. While selection remains varied, buyers are not making unreasonable demands.

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

Free information click HERE.

Search for Homes for Sale:

What’s you home worth?:

Answers to your real estate questions: call NOW!