The weekly market update from Mike Simonsen of Altos Research. Today’s highlight is the focus on how Home prices have started to slip in a few states. Here are the highlights of the report:
Mortgage rates have recently surged into the 7% range, contributing to a slowdown in immediate home sales and an increase in price reductions, especially in states like Florida, Arizona, and Texas.
National home prices remain slightly higher compared to last year, but specific states are beginning to see declines.
There’s a significant rise in housing inventory, with a 1.7% increase this w... Read more

Whether you are a seller or a buyer in the real estate transactions, you must always thing in the long term of the real estate market. There are several factors that can influence tomorrow’s market and you must be prepared for both ups and downs. To sell your home for a profitable price, you must ensure that your house in good condition. This is because, buyers usually look for homes in to which they can move in immediately without having to get many things repaired. However, if you are relocating, then you must decide whether you wish to sell your current home and buy a new home in the new lo... Read more

The real estate auctions that happened before 2005 were more of trustee sales that took place in front of the house being auctioned. If you were to participate in those auctions, you would surely get a great deal, but there were drawbacks as well. If you won the bid with the highest amount then you were required to pay cash in full. Also you were not given an opportunity to inspect the house. There were also possibilities that the house had a lot of mortgages on it. All this and more kept many investors from participating.

Before you visit an auction site, question yourself as to why... Read more

Do you own a home which has negative equity and are wondering how this occurred? The answer is simple. Negative equity occurs when you purchase a home using a home loan and the home prices begin to decline due to economic slowdown. The home value now decreases below the value principally on mortgage. This condition is called negative equity. It can be calculated by taking the value of the home, less the balance on the remaining loan.

An important aspect in the performance of home loans in the third quarter of 2009 was the high resale of foreclosures. This came up to one fifth of the t... Read more

The recent economic conditions had unemployment rates higher than what they had been in more than a quarter of a century. Ironically the housing sector had created incredible opportunities as the interest rates in buying and selling were on the rise. During such times the country saw a gradual rise in the demand for real estate agents.

To become a real estate agent you can be educated in any of the business schools through diploma and course programs or you could have attained skills through online courses. What matters most to become a real estate agent is that you must posses a lice... Read more

Real estate events have been quite closely watched in these fluctuating times and there has been considerable improvement on the market conditions that is favoring the buyer this quarter.

While searching for the right place to settle in, do make a thorough search on the Homes for sale section of real estate websites. Community information of the various counties in CA including Sacramento, Roseville, Elk grove, Placerville, Yuba city through the various community pictures provide the needed information on the events that take place there which are displayed in various dedicated websi... Read more

Certified Distressed Property Expert- Linda Hess

LINDA HESS of GREATWEST GMAC REAL ESTATE, 2235 Douglas Blvd.#520, Roseville, Ca. has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.


Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property.... Read more

Increasingly, Real Estate Professionals are hearing of a trend - which could remind folks of the movie, "War of the Roses."

Current real estate market conditions have some divorcing couples looking to separate their lives, but realizing they can’t afford to live apart until their home is sold.

Unlike a few years ago, when many homeowners had loads of equity to share, and really good credit, current times are providing many glimpses of reversal of fortune.

If you are one of those couples, and need to continue co-habiting until you get the house sold, and shore ... Read more

Not long ago, a Great West GMAC Real Estate professional lamented that as a child, she would often daydream about living in a home similar to the doll house she had. The doll house became among the most cherished of her memories.

As we grow older and hopefully mature to a certain degree, we realize that what we wish for as a child isn’t always possible. However, something about the little Victorian doll house, decked out in holiday grandeur, had never drifted far from her dreams for the future.

Little did she know years later she would become a Great West GMAC Real Estate Pr... Read more

Now more than ever before, Sellers are asking GreatWest GMAC Real Estate professionals, “How can I sell my home for the BEST PRICE, in the SHORTEST AMOUNT OF TIME, with the MOST FAVORABLE TERMS?”

It is imperative that the home be PRICED RIGHT. . .from the start!
There are many things that affect the value of a home, and in today’s market it’s even more important to be sure to price your home right.

The ECONOMIC CONDITIONS are one of our biggest factors affecting pricing today, which has an impact on SUPPLY AND DEMAND, but you also need to take into considerati... Read more

What to Do If You Are Divorcing and A Chilly Housing Market is Forcing You to Stay Under the Same Roof

Increasingly, GreatWest GMAC Real Estate Professionals are hearing of a trend - which could remind folks of a tamer version of the movie, “War of the Roses.”

Current real estate market conditions have some divorcing couples looking to separate their lives, but realizing they can’t afford to live apart until their home is sold.

Unlike a few years ago, when many homeowners had loads of equity to share, and really good credit, current times are providing many glimpses ... Read more

Turning Dreams into Reality

Not long ago, a Great West GMAC Real Estate professional lamented that as a child, she would often daydream about living in a home similar to the doll house she had. The doll house became among the most cherished of her memories.

As we grow older and hopefully mature to a certain degree, we realize that what we wish for as a child isn’t always possible. However, something about the little Victorian doll house, decked out in holiday grandeur, had never drifted far from her dreams for the future.

Little did she know years later she would... Read more

Is your home or property one which has sat on the market month after month? Are you pulling your hair out trying to explore the elusive reason your home continues to remain unsold?

Well, the answer may not be as puzzling as you think. Professionals at Great West GMAC Real Estate know the natural laws of the market are usually quite predictable. And a little analysis should reveal the truth.

“Virtually all houses are salable – if you put the right price, condition and terms on them,” says Sami Siddiqui, broker of Great West GMAC Real Estate.

Yet, a poorly priced ho... Read more