Tips and Advice

Are you Selling?

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 […]

Read More

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…

Read More

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. […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

How to Save on a Mortgage Payment Whether Buying or Selling

How to Save on a Mortgage Payment Whether Buying or Selling | Simplifying The MarketIn Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains: “Since we started keeping track in 2012, it’s been a better deal to buy than rent in America’s largest housing markets – and […]

Read More

Moving-Up to a Luxury Home? Now’s the Time!

Moving-Up to a Luxury Home? Now’s the Time! | Simplifying The MarketIf your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.  The inventory of homes for sale in the luxury […]

Read More

Thinking of Selling? You Should Do It TODAY!!

Thinking of Selling? You Should Do It TODAY!! | Simplifying The MarketThat headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY! In a recent article by CBS News, they explained that the number of existing home sales is shrinking, […]

Read More

Are you Buying?

Have You Outgrown Your Starter Home?

By Frank Valente | Aug 17, 2018

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 […]

Read More

August 2018 Market Update for Placer and Sacramento Counties

By Frank Valente | Aug 16, 2018

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…

Read More

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

By Frank Valente | Aug 16, 2018

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. […]

Read More

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts

By Frank Valente | Aug 15, 2018

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts | Simplifying The MarketIt should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries. What is surprising, however, is that 78% of […]

Read More

The Wave of Millennial Homebuyers Continues to Swell

By Frank Valente | Aug 8, 2018

The Wave of Millennial Homebuyers Continues to Swell | Simplifying The MarketMany have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that […]

Read More

7 Reasons to List Your Home This Holiday Season

By Frank Valente | Nov 13, 2017

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 […]

Read More

5 Reasons Homeownership Makes ‘Cents’

By Frank Valente | Nov 8, 2017

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 […]

Read More

Low Inventory Causes Home Prices to Maintain Fast Growth

By Frank Valente | Nov 6, 2017

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 […]

Read More

Renting or Buying…Either Way, You’re Paying Someone’s Mortgage

By Frank Valente | Oct 30, 2017

Renting or Buying…Either Way, You're Paying Someone's Mortgage | Simplifying The MarketThere are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical […]

Read More

Frequently Asked Questions

The Truth About Homeowner Equity

By Frank Valente | Oct 5, 2017

The Truth About Homeowner Equity | Simplifying The MarketA recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want […]

Read More

What to Look for in Your Real Estate Team

By Frank Valente | Sep 27, 2017

What to Look for in Your Real Estate Team | Simplifying The MarketHow do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be looking for in your agent […]

Read More

More Than Half of All Buyers Are Surprised by Closing Costs

By Frank Valente | Sep 26, 2017

More Than Half of All Buyers Are Surprised by Closing Costs | Simplifying The MarketAccording to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees […]

Read More

How to Get the Most Money from the Sale of Your Home

By Frank Valente | Sep 25, 2017

How to Get the Most Money from the Sale of Your Home | Simplifying The MarketEvery homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive. However, let’s look at […]

Read More

Lack of Existing Home Inventory Slows Sales Heading into Fall

By Frank Valente | Sep 22, 2017

Some Highlights:

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
First-time homebuyers made up 31% of all sales in August.
Homes are selling quickly with 51% of homes on the market for less than …

Read More

Why Are So Few Homes for Sale?

By Frank Valente | Sep 21, 2017

Why Are So Few Homes for Sale? | Simplifying The MarketThere is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the […]

Read More

More Americans Say Now is a Good Time to Sell!

By Frank Valente | Sep 20, 2017

More Americans Say Now is a Good Time to Sell! | Simplifying The MarketRecently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it was this time last year. Overall, 62% of Americans surveyed […]

Read More

How many months to get your home SOLD?

By Frank Valente | Sep 19, 2017

How many months will your home be on the market before you are under contract. I just pulled some statistics for Placer, Eldorado, and Sacramento county. One way to study the market is to compare the number if ACTIVE homes versus the number of SOLD homes (for a particular market and time frame). For the overall region of Sacramento, Placer, El Dorado, and all price points, the marketing time to get a home under contract is 50 days. But is there a difference depending on price point?  Absolutely! If we look at the market for homes under $400K, the marketing…

Read More

Home Sales Expected to Increase Nicely in 2018

By Frank Valente | Sep 19, 2017

Home Sales Expected to Increase Nicely in 2018 | Simplifying The MarketFreddie Mac, Fannie Mae, and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is projecting in sales for the remainder of this year and the next. As we can see, each entity is projecting sizable increases in home sales next year. If you […]

Read More