Real Estate Market Update

Where Is the 2020 Housing Market Headed for the Rest of the year? [INFOGRAPHIC]

2020 Housing Market - Looking Forward - Broad Strokes Here is some handy information about where experts think the 2020 housing market for the United States is headed for the rest of the year. And wow! Buyers - you have to love those interest rates! Local 2020 Housing Market Updates Of course, the graph above, showing 2020 housing market updates is very general to cover the whole country. Most of us are especially interested in our own local market. Here is some info to help see what has been happening in our local counties the past few months, which can give us a hint on how things … Continue reading...

A Real Estate Pro Is More Helpful Now than Ever [INFOGRAPHIC]

Some Highlights A recent study shared by NAR notes that both buyers and sellers think an agent is more helpful than ever during the current health crisis. Expertise and professionalism are highly valued and can save buyers and sellers time and effort along the way. If you’re thinking of buying or selling a home this year, let’s connect to be sure you have a trusted professional on your side. … Continue reading...

Home Sales Hit a Record-Setting Rebound

With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted, including here in Roseville CA. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark. According to NAR, home sales jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June: “Existing-home sales rebounded at a record pace in June, showing strong signs of a market … 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...

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...

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...

Recession? Yes. Roseville Housing Crash? Past Experience Encouraging!

With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market? Could there be a Sacramento Roseville Housing Crash? What is a recession? According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” COVID-19 … Continue reading...

Coronavirus Mortgage Payment Holiday – Good or Bad?

Roseville-Coronavirus mortgage payment holiday should be last choice not first

Coronavirus Mortgage Payment Holiday A few days ago, I shared some vital information with you about whether to defer your mortgage or rent payment while we are dealing with Coronavirus Roseville Sacramento issues. I have more information for you on this topic, called by some a Coronavirus mortgage payment holiday, and wanted to share it with you - to help your protect your homes, credit, and budgets! Once again, Rodney Anderson, an excellent lender at Big Valley Mortgage, sent me a great email and shared important info with us and I'm greatly appreciative of it! And once again, I'm … Continue reading...