Thursday, August 24, 2017

More Boomerang Buyers Are About To Enter The Market

More Boomerang Buyers Are About To Enter The Market

We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019.
RecentlyHousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off their credit reports over the next five years and that this could “possibly send a flood of more homebuyers into the housing market.
The chart below shows the total number of bankruptcies filed by year in the US over the last 10 years. The light blue bars represent over 3.3 million people who have already waited the 7 years necessary for their reports to no longer include their bankruptcies.
More Boomerang Buyers Are about to Enter the Market | Keeping Current MattersHow would this “send a flood of more homebuyers into the housing market”?

As the article mentioned, in 2010 the number of chapter 7 bankruptcies increased to nearly 1.14 million. Now, 7 years later, they will begin to fade from credit histories, enabling prospective buyers to become homeowners again once their credit scores improve.
As we can see from both reports, the homeownership rate has the opportunity to increase drastically over the next few years with all of these boomerang buyers returning to the market.
Bottom Line
If your family was negatively impacted by the housing bust, here is the light at the end of the tunnel! You may be able to purchase your dream home faster than you think!

Monday, July 31, 2017

For Sale/Sold/Pended in ZIP 95608

For Sale/Sold/Pended in ZIP 95608: For Sale/Sold/Pended in ZIP 95608 (Single Family Homes, SQFT Range: 2000 - 2599, Bedrooms: 3 - No Limit, Full Baths: 2 - No Limit, Half Baths: 1 - No Limit, Year Built: 1980 - No Limit)

Friday, July 14, 2017

4 Reason to buy this summer!共4个原因今年夏天买房地产的原因

4 Reasons to Buy This Summer!

4 Reasons to Buy This Summer! | Keeping Current Matters
Here are four great reasons to consider buying a home today, instead of waiting.
1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
 2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4%. Most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by this time next year. An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
3. Either Way, You are Paying a Mortgage There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s. As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.Are you ready to put your housing cost to work for you? 4. It’s Time to Move on with Your Life The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise. But what if they weren’t? Would you wait? Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy. If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. Members:Sign in now to set up your Personalized Posts & start sharing today! Not a Member Yet? Click Here to learn more about KCM's newest 

Monday, May 8, 2017

Housing Inventory Snapshot in Sacramento 在薩克拉門托,住房

Housing Inventory Snapshot in Sacramento 薩克拉門托,住房

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory SnapshotApril 30, 2017
Average List Price30 Days TrendMedian List Price30 Days TrendAverage DOM: active30 Days TrendNumber of Listings
El Dorado County, CA
Single Family under $400K$319,9464.49%$329,0006.13%N/A***N/A***132
Single Family over $400K$806,168-0.33%$675,0002.43%N/A***N/A***479
Condo/Townhome over $200K$426,519-4.70%$275,000-14.60%N/A***N/A***13
Placer County, CA
Single Family under $400K$342,7591.46%$359,9000.25%N/A***N/A***116
Single Family over $400K$804,3264.90%$619,0000.00%N/A***N/A***676
Condo/Townhome over $200K$289,709-6.38%$279,900-0.04%N/A***N/A***20
Sacramento County, CA
Single Family under $250K$212,6400.64%$220,0000.23%N/A***N/A***183
Single Family over $250K$551,4890.22%$440,0002.56%N/A***N/A***1367
Condo/Townhome over $100K$288,851-11.16%$235,000-21.14%N/A***N/A***110
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.

Monday, April 17, 2017

Apple gets approval to test self-driving cars on California roads. 蘋果獲得批准在加州道路上測試自駕車

Apple's not-so-secret plans to create self-driving car technology just received a new jolt with approval by the California DMV.
On Friday, the Department of Motor Vehicles updated its website with permit approvals for testing self-driving vehicles on public roads, and the iPhone-maker was one of them. "The permit covers three vehicles, all 2015 Lexus RX450h, and six drivers," a DMV spokeswoman told Business Insider.

The news comes following reports earlier this year that showed the Cupertino company was scaling back efforts in its secretive self-driving car project, project Titan, which has never been officially announced by Apple (NASDAQ: AAPL). Executives had reportedly given a deadline for the team to show feasibility by the end of 2017.
The DMV's rules state that any company that wants to use California roads to test its autonomous technologies must first apply to the California DMV. Other tech companies that have already been approved include Baidu, Google, NextEV, Udacity, Nvidia, and, of course, Tesla.
Apple was reportedly working in unmarked car labs in Sunnyvale.
After a series of shifts within Titan's strategy and leadership last fall, Apple, in October, was found to have drastically scaled back its ambitions to create its own self-driving car, deciding, instead, to focus on autonomous software.
The shift in direction resulted in hundreds of members of the 1,000-person car team being pulled off the project and reassigned to other areas at the company. Veteran Apple executive Bob Mansfield was also brought in as the commander of the project at the time.
Apple executives gave the car team a deadline of late 2017 to show tangible results of a self-driving system in order to decide on the product's direction, according to Bloomberg.
Jennifer Elias is a technology reporter for the Silicon Valley Business Journal

Wednesday, April 12, 2017

Last week's economic news review. 上週的經濟新聞評論

Last Week’s Economic News in ReviewApril 12, 2017
Construction spending hit a near 11-year high, monthly employment saw mixed performance but was positive overall, and layoffs saw a solid decline. 

Construction Spending 

Construction spending in February returned to a growth trajectory, increasing to an annual rate of $1.19 trillion, which was 0.8 percent over January’s estimate of $1.18 trillion, the Census Bureau reported. While this was slightly off from economists’ projections of 1 percent growth, it was a positive turn from the previous month’s 0.4 percent contraction, and enough to put construction spending at the highest level since April 2006. 

Spending on private construction in February hit an annual rate of $917.3 billion, which was 0.8 percent higher than January’s pace of $910 billion, with residential construction surging to an annual rate of $484.7 billion, which was 1.8 percent over January’s rate of $476.1 billion. Construction of single-family homes grew 5 percent to hit an annual rate of $257.5 billion. 

It is clear that builders are trying to feed a housing market that needs more inventory in order to not only keep up with demand, but to keep prices in check. 

Jobs Report 

The jobs report for March was a mixed bag, with the economy adding only 89,000 jobs, while the market had been expecting 175,000 jobs, according to figures released last week by the Bureau of Labor Statistics. Growth was in professional and business services and in mining, while retail trade lost jobs. 

That said, the actual unemployment rate was down to 4.5 percent, while the market had expected it to continue hovering at 4.7 percent. All told, the number of unemployed persons declined by 326,000 to 7.2 million. 

The number of Americans employed on a part-time basis for reasons such as their hours being cut or that being the only work they could find saw little change, hovering at 5.6 million. That said, “involuntary part-time” population was down by 567,000 over the year. 

The number of people jobless for 27 weeks or longer — also known as long-term unemployed — continued to hover at 1.7 million. Over the year, the long-term unemployed population has dropped by 526,000. 

Initial Jobless Claims 

First-time claims for unemployment benefits filed by the recently unemployed during the week ending April 1 dropped to 234,000, a decline of 25,000 from the prior week’s total of 259,000, the Employment and Training Administration reported last week. 

The four-week moving average — considered a more stable measure of lay-off activity — dropped to 250,000, a decline of 4,500 claims from the preceding week’s revised average for 254,500. 

This marked the 109th straight week of claims falling below the 300,000-claim level, a mark that economists consider a sign of a growing job market. 

This week, we can expect a light calendar of economic reports, due to the holidays:
  • Wednesday — Import and export prices for March from the Bureau of Labor Statistics.
  • Thursday — Consumer sentiment for April from the University of Michigan Survey of Consumers; March producer prices from the Bureau of Labor Statistics; initial jobless claims for last week from the Employment and Training Administration.
  • Friday — Business inventories for February and retail sales for March from the Census Bureau; consumer prices for March from the Bureau of Labor Statistics.

This Newsletter is for informational purposes only. The information contained herein may not be applicable to every situation or jurisdiction, and we urge you to consult your professional advisor prior to acting on information contained herein. The content, accuracy and opinions expressed herein are not verified or endorsed by the sponsor hereof.

Tuesday, April 11, 2017

About Sacramento County. Art and Things To Do 沙加緬度.藝術和活动的地方,

Art and Things To Do

About Sacramento County
Learn all about the Sacramento County region and government. You’ll find the latest news from the County, information about our cities, basic facts about the area’s history, and great opportunities for fun and recreation or to conduct business. Check out our attractions and our renowned 15,000- acre Regional Park system!

Friday, April 7, 2017

California Automobile Museum 加州汽车博物馆

“The mission of the California Automobile Museum is to preserve, exhibit, and teach the story of the automobile and its influence on our lives.”
Photo of California Automobile Museum

How the Museum Got Started

by Dick Ryder – Founder, Original CEO/President


Early 1982 – Remember Bill Harrah’s car collection… so called “the largest in the world?” Bill was a young man, only 66… They don’t die that young…do they? He did. And, so far as we know he left no plan for that HUGE bunch of cars. Being a curious kind of guy, I asked and snooped around, and as far as I could find out, no other car collector, at least on the west coast, had made plans beyond his death. The truth was, there was no car collection in perpetuity. So… if we’re going to do something about it, we better get busy!

On the Road to a Car Museum

What’s going on at Harrah’s? Only one way to find out… go and see them. Joined by my real estate partner and attorney (who was also my nephew by marriage) Burl Waits. He was not particularly interested in old cars, but was an eager and enthusiastic organizer. In Reno, we met with the powers of Harrah’s car collection. They seemed happy to share their status, and were discussing the possibility of forming a foundation. That idea struck a
chord with us and by the time we got back to Sacramento, Burl and I had formed a foundation in our minds and the vision was taking shape.

Let’s Get Organized

What does it take to start a car museum? Cars, money, location, but most of all, it takes people. How do we find them? Well, why not call the newspapers? Rob Hughes had a car column in the Sacramento Union and Bruce Grant was the car editor at the Sacramento Bee. Both took to the idea and provided names of key guys and gals in the car community. In that era, there was a sort of classy restaurant in the Stockton/Fruitridge area called the Del Prado. So we scheduled a Saturday breakfast meeting.

The Meeting

Saturday, October 3, 1982 – Twelve people showed up at the breakfast meeting. I was attempting to express a vision for a car museum when I was interrupted by Truett Loftin, who was holding up a $100 bill. He said “You’ve said enough. Who’s going to match this? Let’s get this show on the road.” Six of us did and I guess the rest is history.

It Takes an Organization

October 5, 1982 – OK! Now we have $600… With the $600 Burl Waits Law Firm could start the application for California and Federal non-profit status to include the 501(c)3 provision for charitable foundation and tax deductibility.

The following Tuesday, we got together at Burl’s office to decide what to do next …

Those Meetings Begin

October 6, 1982 – We met on Tuesday at Burl Waits Law Office. Let’s call this meeting the ‘Core Committee Meeting’. We met weekly and invited anyone who was interested, had input, and ideas as to how a car museum should be run. First; we needed a name. California Vehicle Foundation was suggested. Passed! Next, we needed a program to attract the car hobby community. So we planned a breakfast meeting on the first Saturday of every month at the Del Prado. We’re on our way! Among those attending the first meeting was Rob Hughes of the Sacramento Union.

Program Meetings to Attract a Crowd

November 1982 – We’ve got the Del Prado on Saturday mornings. Now where do we find speakers? We attracted our first celebrity speakers from the San Francisco Bay Area and Carmel. Pretty good heavyweights for a neophyte outfit like CVF. Among them, Herman Brunn of coachbuilder Brunn and Co; Bill Hinds, a restorer of several Pebble Beach winners; Don Williams, who is soon to be the basis of the Blackhawk Collection; and above all, Ed Archer, collector, restorer, appraiser (and my mentor), Art Deco collector and entertainer. He and his wife, Karen, put on a memorable Dixieland Jazz show back then and reenacted it for us at our first Founder’s Day celebration several years ago.

The Cars

1983 – Long before we got our 501(c)3 approval, gifts of cars came. The first was a red 1938 Buick given to us by a young guy John Joyce, the manager of the California State Employees Credit Union who had rebranded it The Golden One Credit Union. With that conspicuous car, and my 1934 Pierce Arrow we hit the streets doing parades, weddings, and any other event with signs “On the Road to a Car Museum.” We were being given a number of donated cars which became our cash flow. We even raffled off several of them including a ‘57 Chevy, ‘71 Pinto, and ‘57 Cadillac El Dorado. This became sustenance for our forward motion.

The Media

With lots of support from the Sacramento Union and Bee we started out with our own newsletter, using an old mimeograph machine in my driveway! But soon that was not enough, and having developed a competent writing staff we talked a printer into setting up and printing a few pages to go out to the 2600 interested folks we had accumulated.

Our coup, however came when we tried to get the Governor Brown (Moonbeam) ‘74 Plymouth at an auction. Apparently the auctioneer, in his ineptness, ignorance and/or/ inexperience saw only one bidder; that of Stockton school janitor Leo Singer. This ended in a semi-violent protest by a group of frustrated bidders from CVF; we made the front page of The Bee (with pictures) and also made the national network TV news. Incidentally, Leo’s intention in buying the car was to drive Jerry Brown down Pennsylvania Avenue when he became president of the US…

The Rest of that Story… A couple of years later, when the presidential circumstances became obvious, Leo, with no prior notice, brought the car to our doorstep including a scrapbook with its clippings and ownership documents.


Spring 1986 – We’ve had several successful program meetings, including the ones at the Del Prado. Our mailing list had grown to 2600 names and our Monday CORE meetings had created a plethora of great ideas. So now is the time to enroll them all as members! We humbly asked if each of them could spare $10 a year… And over 500 came forth to put the CVF “On the Road to a Car Museum!”

October 1983

It’s been a year since Truett Loftin raised the $100 bill. We have been granted IRS Educational Foundation status and can legally acknowledge the gifts we’ve been getting. Our CORE committee is bursting with ideas and we had a car show at the Del Paso Country Club. We have been receiving Resolutions of Support from many California counties and had a well attended annual meeting with Sacramento Mayor Ann Rudin and County Supervisor Illa Collin in attendance. Now we’re really “On the Road to a Car Museum!”

October 1985

Fast forward a couple of years… In October 1985 I got a letter from Edward Towe of Deer Lodge, Montana inquiring if we would be interested in having his auto museum in Sacramento. The significance of which was that his was the world’s largest collection of a single make of car: the Ford. His museum represented every year and model of the first 50 years of Ford. Were we interested? Wow! What an opportunity. An immediate world class museum ready-made for us! All we need is a place to put the cars.

The Towes came down that Christmas to look us over. Oh, yes! Edward brought a 1909 two-pedal Tourister Model T for me to play with on that first trip. A peace offering? Not only that; he soon made a second trip bringing a 1946 Sportsman woody convertible. Eat your heart out because he made a third trip bringing a 1932 Model B station wagon. Supposedly, one of five in restored condition. Now, we’re really getting along “On the Road to a Car Museum!”

Must Find Space

Summer 1986 – Now we’ve got the cars – or at least the promise of them. But where are we going to put them? First suggestion: the old power plant on Jibboom Street. Neal Frandsen, one of the original $100 contributors brought us the plans for it. It was a great focus for publicity but we could only fit 40 cars in there. Then THIS building showed up. About two acres, built in 1946 as a grocery warehouse, later a tire warehouse, it was now a repository for used restaurant equipment. We had a new board member, Carl Amundson, who was on the Redevelopment Agency Board. They wanted this building for Sacramento’s waterfront manifest destiny. Figuring it was worth $2,000,000 – they challenged us to get it for that.

We Got Our Building

1986 – 1987 – Challenged by the Redevelopment Agency to negotiate the price of the building for $2,000,000, we dutifully contacted the owners, the Finegold brothers, Ray and Cecil. Their attorneys agree, with an appraiser who just happened to appraise the value at exactly $2 million. We took that to the Redevelopment Agency with the deal, to be told, “Sorry, we’re out of money.” A truly revolting development. We were at a drop dead date with the Finegolds. Desperate, we were able to get an audience City Councilman, and Chairman of the Finance Committee. A car guy by the name of Joe Serna. Three of us had spent 36 hours straight hobbling together the semblance of a pro forma document.

On Monday morning we were at City Hall, I presented the document to Mr. Serna, who, without opening it, laid it on the corner of his desk. He said, “Let me make a phone call to Tom Friery.” (The City Treasurer at that time.)

“Don’t we have a couple of million dollars left from the convention center bond issue? Yes! I’ll call you back.” Call two was to the head of the convention center, Sam Burns, “How’d you like to be the landlord of a car museum?” Response, “OK!” Joe called the treasurer back, “Tom, we’ve got a deal!”

Then Joe turned to me, “Dick, I know you guys don’t have any money, do you suppose if we gave you twenty years you could dig up $200 a month?”

What do you suppose it feels like to levitate?

The Towe Cars Came

OK … We’ve got a contract for a car museum and a place to put the cars. How do we get the cars from Deer Lodge, Montana to Sacramento? One of “the guys” had a contact with the local Teamsters Union secretary. And he had a contact with the Teamsters’ boss in San Francisco. Out of the blue I got a call from Bill Hadley of Hadley Auto Transport (who denies being contacted by the Teamsters) He set it up as a reward/reunion for his drivers. The result was 13 transporters from the Hadley empire: Denver, Salt Lake, Seattle, Portland, Benicia, and Los Angeles plus expeditors and planners. Each having over 25 years of clear driving records with the company.

Seven of us, including a cameraman from Channel 40, loaded in an old pickup and camper, set off to Deer Lodge to help load 95 Towe Museum vehicles onto those transporters for the long caravan to Sacramento, plus five cars that were to be driven.

Now came the adventure! It was the third week of September. The weather had been fine. We pulled out at dawn. Within a few miles the weather burst into the first full scale blizzard with several inches of snow by Idaho Falls. Onward to our first night in Jackpot, Nevada. Next night, hard to believe, blizzard conditions closed I-80 over Donner Summit. Our problem: the Highway Patrol refused us passage at 6am and our scheduled arrival time in Sacramento is 9am. How do we get there on time? Well, we won’t! It’s 9am and finally, the Highway Patrol released us to go.

Edward Towe had to do some emergency repairs on one of the five cars and put me into the lead car, a 1933 right hand drive Phaeton with a top, but no side curtains. The road over Donner Pass was fine, and by the time we approached our destination we had accumulated additional procession of cars; the Sierra Mustang Club, some early V8 Fords and the British car club, among others.

Our pre-designated route was to come in on I-80, transition to I-5, then across the river to Front Street to here. I looked down as I came around this curve above… I honestly thought I saw thousands of people in front of the museum. It was noon and I thought everyone would have gone home. Now, emoting, my hair stood straight up and I began to bawl. I was so nervous I drove right past the reception committee and up the ramp into the museum.

We’re Here!

We opened the Towe Ford Museum on May 1, 1987 and we have lived happily ever after. Don’t we wish it had been that easy. But we are here now as The California Automobile Museum, and we are looking forward to an even more fabulous future.

Interested in Upcoming Exhibits & CAM Events?

More Boomerang Buyers Are About To Enter The Market

More Boomerang Buyers Are About To Enter The Market   We previously  informed  you about a study conducted by  TransUnion  titled,  “T...