Tips and Advice

Are you Selling?

What State Gives You the Most ‘Bang for Your Buck’?

Some Highlights:

The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West.
The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purc…

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5 Real Estate Reality TV Myths Explained

5 Real Estate Reality TV Myths Explained | Simplifying The MarketHave you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re in the middle of your real […]

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What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? | Simplifying The MarketLast week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in […]

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Have You Outgrown Your Starter Home?

Have You Outgrown Your Starter Home? | Simplifying The MarketFor many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that the first home you purchased (which […]

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August 2018 Market Update for Placer and Sacramento Counties

Thes best way to study the market is to observe trends over a 12 month period. So I looked at some key statistics comparing the current quarter of this year with the same quarter last years. Inventory Placer  County   up 6%,  Sacramento County up 22% Solds Placer  County   down  6%,  Sacramento County down 3% Price Placer  County   up 7%,  Sacramento County up 7 %   Is the market changing?  Maybe…… The largest factor I believe that is affecting the market is interest rates.  In the last 12 months, interest rates on residential loans have risen .5-.75 of a point.  The…

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Are You Thinking of Selling Your Home? Competition Is Coming!

Are You Thinking of Selling Your Home? Competition Is Coming! | Simplifying The MarketThe number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. […]

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7 Reasons to List Your Home This Holiday Season

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons not to wait: Relocation buyers are […]

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5 Reasons Homeownership Makes ‘Cents’

5 Reasons Homeownership Makes ‘Cents’ | Simplifying The MarketThe American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. Today we want to talk about the top 5 financial reasons […]

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Low Inventory Causes Home Prices to Maintain Fast Growth

Low Inventory Causes Home Prices to Maintain Fast Growth | Simplifying The MarketThe National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. Lawrence Yun, Chief Economist at […]

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Are you Buying?

Is now a better time to be a Seller or a Buyer?

By Frank Valente | Dec 10, 2018

This report is current for  December 2018.  When I talk with perspective sellers this time of year, a very common comment is …” We are going to wait until Spring….”.   I understand that this is a common perception.  But I have tracked our market for the last 10 years.    I always review the current inventory on a monthly basis throughout the year. On any given year, the inventory of Active homes is always less in January- February as compared to June- August.  I have found that the listing inventory decreases on any given year by about 20-40% in our…

Read More

Is our Real Estate Market headed for a crash?

By Frank Valente | Nov 12, 2018

  Is our real estate market headed for a bust? Or maybe just a correction?  My quick answer is the market is changing got sure.  For purposes of the market, I will look at the market in Sacramanto, Placer, and El Dorado counties.  This region extents from Sacramento going up both the Highway 80 and Highway 50 “corridors” up to Lake Tahoe.   First let us look at some history.   In this region in the last 5 years, prices have gone up 50%!  We have been seeing a 8-10% increase in prices each year.  Take a look at the chart below.…

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Are You Spending TOO Much on Rent?

By Frank Valente | Nov 2, 2018

Are You Spending TOO Much on Rent? | Simplifying The MarketChances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]

Read More

Taking Fear Out of the Mortgage Process

By Frank Valente | Nov 1, 2018

Taking Fear Out of the Mortgage Process | Simplifying The MarketA considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]

Read More

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

By Frank Valente | Oct 29, 2018

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner | Simplifying The MarketWith home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that […]

Read More

Still Think You Need 15-20% Down to Buy a Home? Think Again!

By Frank Valente | Oct 28, 2018

Still Think You Need 15-20% Down to Buy a Home? Think Again! | Simplifying The MarketAccording to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]

Read More

Where are Home Values Headed over the Next Few Years?

By Frank Valente | Oct 27, 2018

Where are Home Values Headed over the Next Few Years? | Simplifying The MarketThere are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, […]

Read More

Housing Is Still Affordable in the United States!

By Frank Valente | Oct 26, 2018

Housing Is Still Affordable in the United States! | Simplifying The MarketLately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]

Read More

Buying a Home Can Be Scary… Until You Know the Facts

By Frank Valente | Oct 26, 2018

Buying a Home Can Be Scary... Until You Know the Facts [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:

  • 72% of buyers who purchased homes this year have put down less than 20%.
  • 4% of loan applications were approved last month.
  • The average credit score of approved loans was 727 in September.
Read More

Frequently Asked Questions

Is now a better time to be a Seller or a Buyer?

By Frank Valente | Dec 10, 2018

This report is current for  December 2018.  When I talk with perspective sellers this time of year, a very common comment is …” We are going to wait until Spring….”.   I understand that this is a common perception.  But I have tracked our market for the last 10 years.    I always review the current inventory on a monthly basis throughout the year. On any given year, the inventory of Active homes is always less in January- February as compared to June- August.  I have found that the listing inventory decreases on any given year by about 20-40% in our…

Read More

Is our Real Estate Market headed for a crash?

By Frank Valente | Nov 12, 2018

  Is our real estate market headed for a bust? Or maybe just a correction?  My quick answer is the market is changing got sure.  For purposes of the market, I will look at the market in Sacramanto, Placer, and El Dorado counties.  This region extents from Sacramento going up both the Highway 80 and Highway 50 “corridors” up to Lake Tahoe.   First let us look at some history.   In this region in the last 5 years, prices have gone up 50%!  We have been seeing a 8-10% increase in prices each year.  Take a look at the chart below.…

Read More

Are You Spending TOO Much on Rent?

By Frank Valente | Nov 2, 2018

Are You Spending TOO Much on Rent? | Simplifying The MarketChances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]

Read More

Taking Fear Out of the Mortgage Process

By Frank Valente | Nov 1, 2018

Taking Fear Out of the Mortgage Process | Simplifying The MarketA considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]

Read More

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

By Frank Valente | Oct 29, 2018

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner | Simplifying The MarketWith home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that […]

Read More

Still Think You Need 15-20% Down to Buy a Home? Think Again!

By Frank Valente | Oct 28, 2018

Still Think You Need 15-20% Down to Buy a Home? Think Again! | Simplifying The MarketAccording to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]

Read More

Where are Home Values Headed over the Next Few Years?

By Frank Valente | Oct 27, 2018

Where are Home Values Headed over the Next Few Years? | Simplifying The MarketThere are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, […]

Read More

Housing Is Still Affordable in the United States!

By Frank Valente | Oct 26, 2018

Housing Is Still Affordable in the United States! | Simplifying The MarketLately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]

Read More

Buying a Home Can Be Scary… Until You Know the Facts

By Frank Valente | Oct 26, 2018

Buying a Home Can Be Scary... Until You Know the Facts [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:

  • 72% of buyers who purchased homes this year have put down less than 20%.
  • 4% of loan applications were approved last month.
  • The average credit score of approved loans was 727 in September.
Read More