Housing Market « AllPropertyManagement.com

Posts Tagged ‘Housing Market’

A look at the Housing market in Sacramento

May 21st, 2010

The housing market in Sacramento is made up of a variety of smaller markets; with popular areas including: Land Park, Midtown and East Sacramento. It’s a very interesting and unique location. Downtown Sacramento is growing due to investments from investors buying real estate in the area. That means commercial real estate in the area is a bit more exciting and active than residential properties. The city is also located near rivers which makes it a unique place to buy commercial or residential property. In the first quarter of this year inventory or houses on the market have increased; while the demand has tapered off. That means the Sacramento market is learning towards the buyers at this time. The median home sale in the area at the end of March was close to $180k. While this is a rather low median price for the state of California; it is an increase for Sacramento in comparison to previous quarters.

At the end of May there were a bit over seven thousand homes on the market, so again Sacramento is experiencing a buyers market at this time. The number of foreclosures is rather high for the area and many Realtors wonder if this will have a negative effect on traditional home sale prices that seemed to have stabilized. Although the price ranges in Sacramento are low compared to other cities in California; the city is ranked extremely low when it comes to home affordability. This means that residents in the area are still not able to afford the home prices due to the median average salary in Sacramento. Out of 451 markets in the U.S. that are ranked in affordability, Sacramento comes in at number 421. Again this is not a good number. A good Realtor will therefore be a major asset when searching for a home to buy in the area. They can tell you what areas are the most likely to rebound from the current stabilized conditions. You’ll also want to know as much as possible about your future homes location; because as mentioned Sacramento has several micro markets. There is no better time than now to make a purchase in Sacramento and simply doing a bit of research on the city can net great results in this buyers market.

A Look At the Housing Market in San Diego

May 18th, 2010

photo credit: Allan Ferguson

While most of the country does seem to be rebounding from the real estate debacle; San Diego seems to be leading the back in a rebound of home sales. This news is not only great for San Diego, but for the nation in general. Why is that? Well because San Diego, CA was one of the first areas to see a demise during the home crisis. The fact that in the early quarter of the year, this same city is now not only stabilized, but seeing an increase in home prices means that other cities are likely to follow. The California Association of Realtors announced in January of this year that home affordability in San Diego was around 51% making it very affordable to buy homes in the city. Many believe that the current governments? institution of the homebuyers? tax credit is a key incentive to home owners making a decision to buy and buy now. Since the credit ended the last day of April, we have yet to see if this homebuyers? credit was the main driving force in San Diego?s recovery or if they had truly hit bottom and have no where else to go but up. Again, all good news for the nation?s real estate market.

This is not the case for commercial real estate in San Diego however. To date, commercial real estate on the whole seems to have declined being down 26% since a peak in October of 2007. There does seem to be an interest in the higher end commercial real estate properties, but the median buildings are pretty much at a stand still. There has been an increased in distressed commercial property as well as residential in relation to the properties that are in good working order.

The median home price in San Diego is almost $400k. As of the end of April, 2010, there were almost 15,000. In the 75th percentile, there are many homes for sale for over half a million dollars. The real estate market on the whole is watching how the market in San Diego will unfold. It may be an indicator for the rest of the nation going forward and as of now, the results look pretty good.

Landlord Foreclosure

July 30th, 2008

photo credit: respres

The current real estate situation is causing some unexpected problems for renters. When landlords foreclose it leaves many tenants in the scary situation of not knowing whether they’ll have a place to live or if they’re going to be out on the street once the foreclosure happens.

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Make Money in Student Housing

July 21st, 2008

photo credit: blakespot

Yes, the days of the quick flip are probably gone for quite a while, but there is still money to be had in the real estate market. Rentals are gaining momentum again, but if you want a sure bet, go for the student market. (more…)

The Cold Summer Days of Real Estate

July 18th, 2008

photo credit: suchitraprints

Summer may be sizzling outside, but it is a notoriously cold time for real estate. Not many people are thinking about moving when they can spend time outdoors enjoying the weather and when they?re too busy hauling kids all over the place. (more…)

Most Common Mistakes Home Sellers Make

July 17th, 2008

photo credit: Eponabri

You have a property that you want to put up for sale. Maybe this is the home that you have lived in all of your life and you’re finally ready to sell it and move on. Or perhaps you’ve just recently gotten involved in the buying and selling of investment property and you’re working on selling one of the first homes that you purchased. In any case, you are starting to learn the tough lesson that it’s not that easy to sell a home, especially in today’s precarious real estate market. If you know what you’re doing, you can still a sell a property today for a fair price. However, there are a lot of mistakes out there that people make when trying to sell a home. If you make those mistakes, you’re going to find that the home doesn’t sell or that you aren’t satisfied with the transaction when it does. (more…)

Tips on How to make Your Home Standout

July 3rd, 2008

photo credit: OK-59

You have listed a home for sale and it’s not moving. It could just be due to the slow market but that doesn’t mean that you have to sit back and wait for the market to speed up again before you can sell your home. There are things that you can do to improve your listing so that people will want to come take a look at the property that you have for sale. There are also things that you can do to the property to make it stand out from the crowd. By making the effort to do these things, you’ll be able to speed up the sale and generate some revenue from your real estate despite the fact that the housing market isn’t moving as quickly as most people would like. (more…)

Trends Caused by the Decline in Housing Prices

June 30th, 2008

photo credit: respres

The housing economy has been on the decline for a couple of years now and it shows no sign of letting up in the near future. This has caused people to start embarking on some trends that are likely to continue in the months to come. As a professional in the real estate industry, it is important to stay aware of these trends in order to adjust your approach to your properties accordingly. (more…)

Property Managers and the Housing Economy

May 28th, 2008

photo credit: epicharmus

Many people who own investment property are looking at ways to cut corners now that the value of homes is on the decline in many parts of the nation. Some of these property owners are looking at getting rid of their property managers and taking over their duties themselves. Before you make this type of move, you should know that having a property manager could actually add much-needed value to your real estate. (more…)

When Are The Best Times To Buy a Home?

May 25th, 2008

photo credit: Unhindered by Talent

As the housing market continues to change and fluctuate, potential home buyers find themselves facing a series of questions. Some of these questions are new issues in the market. For example, many seniors who had planned to sell their big homes and buy smaller places are asking whether or not to do this in the face of declining home values. However, many of the questions that home buyers face today are the same basic questions that they have faced over time. One of the most common of those questions to plague people who are interested in buying a new home is “when is the best time to buy?” (more…)