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For Sales Decline
Okay, make me officially amazed! Inventory has not started growing like it normally does this time of year, it has actually declined. According to our friends over at HousingTracker, the number of homes on the market in the Sacramento area has declined 2.9 percent in the past month and now stands at less than 15,000 for the first time since the low last spring of just over 13,000. This trend if it continues could make for an interesting second half of the year.
I Want To Be Optimistic
There are many industry professionals and local agents clamoring about a recovery of our troubled Sacramento real estate market but I am feeling cautious because I have been dealing with so many shorts sales and foreclosures. It is nice to hear about agents being busy and see some houses move so check out why I am not smiling in my weekly column, “No Smiles Yet” over at Roseville & Rocklin Today.
More Help From Washington?
Yesterday the Senate announced that it had reached a bipartisan compromise on a plan to aid families facing foreclosure. This is good news as the lawmakers have been unable to reach agreement on some of the key provisions already passed by the house.
The compromise includes: · Foreclosure aid. A $4 billion package to aid communities hard hit by foreclosures and mortgage delinquencies. Local governments could use the funds to buy and rehabilitate foreclosed homes at a discount. · Government-backed mortgages. Increased loan limits for FHA- guaranteed mortgages. · Financial counseling. About $100 million in new funding for housing counseling for troubled families. · Tax credit. A $7,000 tax credit, over two years, for… Read Full PostApril Fool's Day Jokes
It's April 1st again and that means there are some crazy things flying around the Internet. Some of it is difficult to tell if it a joke or not but most of it is fun. Here is a list I found earlier with links to some April 1st jokes.
Price Reduction
Wow, we just reduced our 53rd Street listing in Sacramento down to $137,500. This is property that is worth looking at by first time home buyers and investors. Not only does it have curb appeal in a rapidly improving neighborhood but it has a double size lot with a cottage in the back. The small cottage has a private driveway off of 20th Avenue and the two structures are separated by a privacy fence. The house needs some work but has the potential to be a real jewel.
Patience

The Start Of Something New?
The news and commentary from my National Association of Realtors has not always been something to be proud of. More often than not they have, in my opinion, been guilty of delivering propaganda than telling readers the truth. That may be a bit harsh, but clearly they can find a way to put a positive “spin” about some very negative trends in our National real estate market.
MagnumOne Ad
As you may know I spend a fair amount of time and money on maintaining a web presence. I believe that more and more people are using the internet to find everything from soup to nuts. That includes homes, where a recent report by the National Association of Realtors said a huge percentage of homebuyers search for a home online before contacting a Realtor.
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My name is Julie Jalone an I am a mother, wife and Realtor in the Sacramento area serving buyers and sellers of residential real estate. Read More
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