Sac Metro Real Estate Update 2021 02
Momentum has started its charge upward. How long it lasts, nobody knows.
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SB 1079 Fails Logic
Foreclosure represents the movement of an asset [and liability] from one who can’t to one who wants to try. Government should not say how that movement happens. The market should decide.
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Sac Metro Real Estate Update 2021 01
The utter disappearance of housing supply, whether due to the virus or other reasons, caused a flurry of activity from buyers who were NOT at risk and felt the urge to buy. When the urge to buy exceeds the urge to sell, prices go up and appraisers can’t dampen it on their own.
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Sac Metro Real Estate Update 2020 12
Now that winter is here, “cocoons” begin to form and listings dwindle. But that has been our market for 9+ months — NO LISTINGS. If you have one, clean it up, price it well, make it available, and have a place to move in 30 days, it will sell.
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Negotiating
When an agent is a salaried employee, it begins to erode the exclusive relationships and VALUE that I provide clients. It’s not the salary, per se, it’s a different mindset when you’re getting paid regardless of any value you provide. I’ve been salaried and the mindset can make one lazy.
Sac Metro Real Estate Update 2020 11
Pictorial market update using graphics from my database.
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Neighbors
Some neighbors should be disclosure items themselves (if you know what I mean). By the way, the rule of thumb for determining if you should disclose a “rough” neighbor to your buyers: Would you wish you knew?
Sac Metro Real Estate Update 2020 10
October 2020 – Sacramento Metro Real Estate Market Update With this month’s newsletter, I attempt to provide the update through images built with my database. This type of update is not long-lived. Please forgive me. Sales exceeded Inventory for the 3rd consecutive month. Demand (Sold) and Supply (Inv) are not behaving in a normal way.
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Your Economy
Your Economy : The economy, to a thinking lay-person, is how many people are satisfied with their financial position and prospects. To a non-thinking lay-person, “economy” is like politics and religion; don’t discuss it because eyes get glazed. Once you turn 40 or 50-years old, the economy is much more individual and opaque. That is,
Sac Metro Real Estate Update 2020 09
The momentum has shown a flat and healthy appreciation only slightly approaching zero and staying in the “Buy” phase even though a Seller’s market. Momentum is positive = “Buy”.
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