Home Values Projected to Keep Rising

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.

Due to the undersupply of homes on the market today, there’s upward pressure on prices. Consider simple economics: when there is high demand for an item and a low supply of it, consumers are willing to pay more for that item. That’s what’s hap... Read more

Date: November 11, 2009



To: GMAC Real Estate Sales Associates

From: Graham Badun, Managing Partner & CEO, Brookfield Residential Property Services



Re: GMAC Real Estate to be Re-branded ‘Real Living’



I am very pleased to let you know that Brookfield Residential Property Services has acquired Real Living Network Services, and as a result will now rebrand GMAC Real Estate as Real Living.

Real Living is a national, award winning company known for its innovation, customer service and track re... Read more

Volunteers of America launches turkey drive for Sacramento’s needy
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Buzz up!
By Bill Lindelof
blindelof@sacbee.com
Published: Monday, Nov. 2, 2009 - 7:23 am

Today marks the beginning of the Volunteers of America annual turkey drive, an all-out effort to get enough of the big birds for Sacramento’s needy.

Donations of fresh or frozen turkeys will be accepted from 7 a.m. to 6 p.m. through Nov. 25 at the VOA’s central kitchen, 700 North 5th St., which is just north of Richards Boulevard. Turkey is the main course in holiday meals fo... Read more

Real Estate Sales

Posted: Friday, Jul 24, 2009 - 05:11:08 pm PDT

http://www.cdapress.com/articles/2009/07/24/real_estate/1-real-estate-sales.txt


Email this story Printer friendly version By Press staff and
The Associated Press
Jeff Chiu/Associated Press In this July 21 photo, a home for sale is shown in San Francisco. A real estate group’s report said Thursday, July 23, sales of previously occupied homes rose 3.6 percent from May to June, the third consecutive monthly increase and a sign that a housing recovery is under way in much of the country... Read more

"We’re in a slow, but definite recovery mode"

http://www.sacbee.com/static/weblogs/real_estate/archives/2009/06/were-in-a-slow.html?mi_atom=Home%20Front


So says Alexis McGee, president of Fair Oaks-based Foreclosures.com, which tracks the nation’s foreclosure markets for real estate investors. Here’s McGee’s new national roundup:


SACRAMENTO, Calif. -While President Obama, Congress, and the American people debate financial regulatory reform, foreclosures continue to mount as embattled housing markets bump along the bottom. ... Read more

During a recent news segment a security expert demonstrated a striking example of how tech gadgets kept in your car can make you a victim for car theft, and even home burglary. The main target was a GPS left firmly mounted on the dashboard, while the owner was at a shopping mall, a gym, or involved in other activities. The thieves broke into the vehicle, and when they did, also found a set of keys.

They started the car and pressed "Home" into the GPS device, which guided the culprits right to the victim’s home. Once in the driveway, all they needed do was use the garage d... Read more

Here’s more evidence that the housing market is recovering.

Two major home builders, Toll Brothers Inc. and Hovnanian Enterprises Inc., say their losses were shrinking compared to last year because buyers are coming back to the market.

Other encouraging news came from IHS Global Insight, a research firm, which said home prices fell on average at an annual rate of 2.2 percent in the first quarter in 199 of 330 metropolitan areas. That compares with a 12.5 percent decline in the fourth quarter of 2008 in 312 metropolitan areas.

"While it’s too early to see a bott... Read more

Waiting game on low mortgage rates backfires

By Mark Glover
mglover@sacbee.com


http://www.sacbee.com/business/story/1903523.html


Sacramento-area homeowners and prospective first-time homebuyers might be wondering: Did we miss the boat on mortgage rates?

The short answer from experts is: Probably, but rates are still very attractive.

For 10 weeks, mortgage rates were riding well below 5 percent on 30-year loans, but housing and industry analysts speculated that many first-time homebuyers and homeowners looking to refinance existing mo... Read more

Fed says more banks tighten home loan standards

By JEANNINE AVERSA
AP Economics Writer
http://www.sacbee.com/830/story/1832585.html


WASHINGTON -- A larger share of banks has made it more difficult for people to obtain home mortgages over the last three months even as demand has grown, the Federal Reserve reported Monday.

The Fed’s new quarterly survey found that about 50 percent of U.S. banks tightened their lending standards on prime mortgages, up from about 45 percent in the survey issued in early February.

Meanwhile, 65 percent of ban... Read more

Daily Real Estate News | April 28, 2009

Homeownership at Lowest Level Since 2000

According to the Census Bureau, the rate of U.S. homeownership slipped in the 2009 first quarter to the lowest level since the start of the decade.

The U.S. homeownership rate dropped to 67.5 percent from 68 percent a year earlier, driven largely by a sharp decline among younger buyers as well as among African-American households.

Loose credit pushed up national homeownership levels in recent years, but the trend is now being reversed by the recession and a foreclosure ep... Read more

According to Daily Real Estate News, April 27, 2009, Some economic analysts say that the possibility that the economy will go into overdrive and inflation will skyrocket is a much more frightening possibility than the current recession.

One inflation hedge nearly all of them point to is real estate. Owning it outright is the best scenario, but if that’s not possible, a low-rate, 30-year fixed mortgage is the next best thing. As inflation drives up salaries, mortgage payments will stay the same, analysts point out.

Source: USA Today, John Waggoner (04/24/2009)
... Read more

Area’s foreclosed homes sell briskly, for less, at auction

ShareThisBy Jim Wasserman
jwasserman@sacbee.com
http://www.sacbee.com/business/story/1795749.html

Published: Tuesday, Apr. 21, 2009 - 12:00 am | Page 6B
A pair of out-of-town auction giants sold 190 more foreclosed homes in Sacramento on Sunday, earning $21 million for lenders that repossessed them for lack of payments, the firms said Monday.

Irvine-based Real Estate Disposition Corp. said it sold 162 Sacramento-area homes for $17.1 million. It was the latest event in a series of nine company a... Read more