Corona Virus Archives

#1 Financial Benefit of Homeownership: Family Wealth

While growing up, I, along with many of you, was taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the home. So, what exactly is equity? The equity in your Roseville or Sacramento area home is the amount of money you can sell it for minus what you still owe on the mortgage. Every month you make a mortgage payment, and every month a portion of what you pay reduces the … Continue reading...

Will the Housing Market Turn Around This Year?

Sun City Roseville golf courses are open as are other Roseville golf courses and businesses

Today, many in Roseville CA are asking themselves if they should buy or sell a Roseville home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the Roseville Sacramento area real estate market is going to change and when the economy will turn around. If you’re trying to figure out what’s going to happen and how to play your cards this year, you’re not alone. This spring in the 2020 NAR Flash Survey: Economic Pulse, the National Association of Realtors (NAR) has been tracking the behavior … Continue reading...

A Surprising Shift to the ‘Burbs May Be on the Rise

Kaye Swain Roseville REALTOR shares Burbs

While many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today, including Sacramento, are beginning to rethink their current neighborhoods. Being in close proximity to everything from the grocery store to local entertainment is definitely a perk, especially if you can also walk to some of these hot spots and have a short commute to work. The trade-off, however, is that highly populated cities can lack access to open space, a yard, and other desirable features. These are the kinds of things you may miss when … Continue reading...

Unemployment Report: No Need to Be Terrified Here in Roseville CA and Beyond

Unemployment info should be clarifying not terrifying in Roseville Sacramento and beyond

Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families, including here in Roseville and the surrounding Sacramento area, are experiencing right now. That pain should not be understated. However, the long-term toll the pandemic will cause should not be overstated either. There have been numerous headlines claiming the … Continue reading...

Will Home Values Appreciate or Depreciate in 2020?

With the housing market staggered to some degree by the health crisis our country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for the REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic … Continue reading...

A Day When Americans Can Return to Work [INFOGRAPHIC]

Some Highlights Taking a moment to reflect upon what we’ve heard from historical leaders can teach us a lot about getting through the many challenges we face today. We’re all eager for the day when every American can safely return to work, including so many here in the Roseville Sacramento area. That day is coming. Timing is everything. Patience is essential. Our courage, strength, and unparalleled resilience will get us there. … Continue reading...

Unemployment: Hope on the Horizon

Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There is hope, though, that as businesses reopen, including here in the Roseville Sacramento area, most people will become employed again soon. Last month’s report indicated we initially lost over 700,000 jobs in this country, and the unemployment rate quickly rose … Continue reading...

Why Home Equity Is a Bright Spark in the Housing Market

Given how we have seen more unemployment claims than ever before over the past several weeks, including many in our Roseville Sacramento area, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today, are important parts of seeing the picture clearly … Continue reading...

Confused About the Economic Recovery? Here’s Why.

As we, in Roseville CA and around the country, continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While we look for signs that we’ve reached a plateau in cases of COVID-19, the concern and fear of what will happen as businesses open up again is on all of our minds. This causes confusion about what an economic recovery will look like. With this in mind, it’s important to understand how economists are using three types of sciences to formulate their forecasts and to work toward clearer answers. Business … Continue reading...

Coronavirus Impact of Real Estate in Roseville CA

Homes for sale in Sun City Roseville CA home to two gorgeous golf courses

Wondering About Coronavirus Impact on Real Estate in Roseville? Curious about the coronavirus impact of real estate in Roseville CA? Me too! And this seemed like a good time to look a bit closer. First though, let's take a look at how long it has been. According to CalMatters, Placer County declared a state of emergency on March. That was followed by the Governor of California declaring a State of Emergency on March 4, 2020, though it wasn't til March 15 that the official shelter-in-place order was given. Which means it has been about 7 weeks that we've been hunkering down. And almost as … Continue reading...