real estate update Archives

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

Infographic showing real estate market updates for the nation

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...

Two Reasons We Won’t See a Rush of Foreclosures This Fall

Rush of Foreclosures This Fall is unlikely

Rush of Foreclosures Coming? The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a rush of foreclosures like we saw in 2008. The market today, however, is very different from 2008. The concern of more foreclosures based on those that are out of work is one that we need to understand fully. There are two reasons we won’t see a rush of … Continue reading...

A Remarkable Recovery for the Housing Market

Many Hopeful for Remarkable Recovery for Housing Market For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a remarkable recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving. Here’s a look at what a few of the experts have to say about today’s astonishing recovery. … Continue reading...

Is the Health Crisis Driving Buyers Out of Urban Areas?

Many Homebuyers Leaving the Urban Lifestyle. The pandemic has caused consumers to re-examine the components that make up the “perfect home” in an urban area, handy to shopping, entertainment, and more. Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban (yay - Roseville CA is a lovely suburban option) or rural life (less congested which includes places like Penn Valley, Forest Falls and more in Placer County). The fascination with an open floor plan seems to be fading … Continue reading...

Want to Make a Move? Homeowner Equity is Growing Year-Over-Year

Want to Make a Move? Roseville Homeowner Equity is Generally Growing

Homeowner Equity Insights Report One of the bright spots of the 2020 real estate market overall is the growth in equity homeowners are experiencing across the country, including here in Roseville CA, According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter increase, averaging out to a 6.5% overall gain. The report notes: “CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $590 billion since the first quarter of … Continue reading...

Three Reasons Homebuyers Are Ready to Purchase This Year

Homebuyers Survey Has Great News for Home Sellers! A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective homebuyers. The results indicated 53% of all buyers, including Roseville homebuyers, are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons homebuyers are more likely to move this year (see graph below): Let’s break down why these are a few of the key factors motivating buyers to actively engage in the home search process, and the corresponding wins for sellers as well. 1. Low … Continue reading...

Are You Ready for the Summer Housing Market in Roseville?

Kaye Swain real estate agent shares about The Summer Housing Market in Roseville

Housing Market in Roseville and Through the Country As the health crisis started making its way throughout our country earlier this spring, some sellers, including Roseville sellers, have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale everywhere, including the housing market in Roseville, and slowed the pace of a typically busy spring real estate season. Mark Fleming, Chief Economist at First American notes: “As … Continue reading...

The Shocking News in the Unemployment Report

Shocked by Unemployment Report Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate fell to 13.3% and employers added 2.5 million jobs, blowing Wall Street expectations out of the water: Economists had forecast a loss of 8.3 million jobs and a 19.5% unemployment rate.” More Shocks With may Gain In … Continue reading...

Unemployment Statistics for Roseville and Beyond : Three Things to Understand

Unemployment stats info for Roseville Sacramento and beyond

Unemployment Statistics Coming Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate. It will be a horrific number. Many analysts believe unemployment could be greater than 20%. These numbers represent families across the nation, including here in Roseville and the Greater Sacramento Valley area, that are not sure when (or if) they will return to work. The emotional impact on these households is devastating. Rays of Light on the Unemployment Situation There are, however, some small rays … Continue reading...

Roseville Area Home Prices: It’s All About Supply and Demand

Wondering About Roseville Home Prices? As we here in the Roseville and Sacramento area enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on our Sacramento Greater Valley area including Roseville home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come here in Roseville and beyond. Too Few Homes For Sale Making our way through the month of June and entering the second half of the year, we face an undersupply of homes on the … Continue reading...