Sacramento Real Estate

The challenges facing prospective buyers of the least expensive homes in the U.S. are getting harder to overcome. Already beset by  stagnant wages , growing student debt and competition from investors who are snapping up listings, those looking to purchase moderately priced houses must also provide more cash up front. The median down payment for the cheapest 25 percent of properties sold in 2013 was $9,480 compared with $6,037 in 2007, the last year of the previous economic expansion, according to data from 25 of the largest metro areas compiled by brokerage firm  Redfin Corp . The higher bar is a symptom of still-tight credit that is crowding out first-time buyers even as  interest rates  remain near historical lows. Younger adults, who would normally be making initial forays into real estate, are among those most affected, weakening the foundations of the housing market and limiting its contribution to economic growth. Homeownership Reconsidered “The numb...

DATA PROVIDED BY RYAN  REHNQUIST  VIA  http:// sacramentoappraisalblog.com/ Kids are back in school and the market for the past 3 months have been FLAT!    Ryan Lundquist has an interesting data set you should read to see what the appraisers are seeing in our market place and also what our buyers and sellers are seeing too. Prices are flat, inventory is up, average days to sell is up to 40 days, sales are down compared to last year but only because there’s a big gap on last year’s cash sales vs this year’s cash sales.  Data is showing that we’re in a normalizing market after all is said and done and hopefully a good sign for our business.  價格一直持平在薩克拉門托地區 3 個月：價格持平，庫存上升，平均日銷售達 40 天，銷量下降與去年同期相比，但僅僅是因為有去年的現金銷售比今年的現貨銷售有很大的差距。 1) Prices have been flat for three months in the Sacramento Region: The median p rice has been the same for three months in the Sacramento Region, which shows the market has definitely cooled off. There may be ...

Chinese Real Estate Investors 中國人 來美國投資 房地 產 The US housing market looks like it’s going to get a big boost in the near future. Some investors from abroad are starting to make big land grabs and the trend doesn't look to be slowing anytime soon. China seems to be the big money behind the most recent round of big purchases. $22 billion has been spent so far from Chinese real estate investors. This is about a quarter of all foreign real estate purchases. They’re paying cash and buying expensive, according to the latest reports. An average home goes for just shy of $600k. Some of the states benefiting the most from the rising home prices include California and Washington. This is good and bad news for your average real estate investor. The good news is that prices should be rising so your investments are going to start paying off sooner than they would otherwise. The bad news is that the market is becoming a lot more crowded. Vacation properties and rental units are being ...