Market Conditions in Folsom : Advice

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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Housing affordability nationwide creeped lower once again, as home prices continue to outpace incomes, according to the National Association of REALTORS®' Monthly Housing Affordability Index. Nevertheless,… Read more
Blogged yesterday, 12:50pm by Douglas Zeller Market Conditions Home Buying Home Selling
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
In the age of "selfies," the majority of adults are sticking to themselves. Single Americans now make up more than half of the adult population, the first time the number of singles has passed the 50 percent… Read more
Blogged Fri Sep 12, 2014 by Douglas Zeller Market Conditions Home Ownership
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Many households, particularly among younger professionals, are choosing to rent longer, despite surging rental costs. What is driving the sluggish transition from renting to home ownership?A survey of… Read more
Blogged Fri Sep 12, 2014 by Douglas Zeller Market Conditions Rental Basics Rent vs Buy
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
While single-family homes have been getting larger, the lots these homes sit on have been getting smaller, according to the U.S. Census Bureau’s Characteristics of New Single-Family Houses Sold.Indeed,… Read more
Blogged Mon Sep 8, 2014 by Douglas Zeller Market Conditions Design & Decor Home Ownership
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
As the economy improves, Millennials and Baby Boomers are on the move, but they’re heading in opposite directions, according to a new analysis by real estate data firm RealtyTrac.Each year, 17 million… Read more
Blogged Sat Sep 6, 2014 by Douglas Zeller Market Conditions Property Q&A Home Ownership
Douglas Zell…, Real Estate Pro in El Dorado County, CA
After several weeks of drops in interest rates, mortgage applications finally got a modest lift as refinancers and home buyers took advantage of the dip — albeit still at an anemic pace, CNBC reports.The… Read more
Blogged Sun Aug 31, 2014 by Douglas Zeller Market Conditions Home Buying Financing
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Doug & Bud Z…, Real Estate Pro in Placerville, CA
Builders and developers are optimistic about the current conditions in the apartment and condominium market, which posted more gains in the second quarter.The Multifamily Production Index, produced by… Read more
Blogged Sat Aug 30, 2014 by Doug & Bud Zeller Market Conditions Home Buying Investment Properties
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Doug & Bud Z…, Real Estate Pro in Placerville, CA
Sales of newly built single-family homes dipped 2.4 percent in July, catching many housing analysts off guard."We are somewhat surprised by this dip, considering builder confidence and new-home starts… Read more
Blogged Tue Aug 26, 2014 by Doug & Bud Zeller Market Conditions Home Buying Home Ownership
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Bud Zeller, Real Estate Pro in Placerville, CA
Fewer single-family homes were flipped in the second quarter, with the percentage falling to a two-year low, according to RealtyTrac’s U.S. Home Flipping Report, reflecting second quarter data.On homes… Read more
Blogged Fri Aug 22, 2014 by Bud Zeller Market Conditions Property Q&A Investment Properties
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Following two years of increasing home sizes, the median size of new-homes appears to be leveling off as entry-level buyers return to the market drawn to more modest homes, The Wall Street Journalreports.The… Read more
Blogged Thu Aug 21, 2014 by Douglas Zeller Market Conditions Home Buying Design & Decor
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Doug & Bud Z…, Real Estate Pro in Placerville, CA
Fannie Mae economists have downgraded their housing outlook after a weak end to the second quarter, and they say that near-term indicators are suggesting only a minor improvement in the second half of… Read more
Blogged Wed Aug 20, 2014 by Doug & Bud Zeller Market Conditions Home Buying Home Selling
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Bud Zeller, Real Estate Pro in Placerville, CA
As more generations pile under one roof, the median size of homes has risen by nearly 1,000 square feet in the last 40 years—from 1,525 square feet in 1973 to 2,491 square feet in 2013.The resurgence… Read more
Blogged Mon Aug 18, 2014 by Bud Zeller Market Conditions Design & Decor Home Ownership
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Doug & Bud Z…, Real Estate Pro in Placerville, CA
Foreclosure filings nationwide bumped up 2 percent in July compared to the previous month but remain down 16 percent from year-ago levels, RealtyTrac reports in its Foreclosure Market Report for July."After… Read more
Blogged Thu Aug 14, 2014 by Doug & Bud Zeller Market Conditions Financing Foreclosure
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Despite hitting a soft spot in the first quarter, home sales are expected to make a strong showing in the second half of 2014, NAR’s Chief Economist Lawrence Yun told brokers at the Broker Summit in… Read more
Blogged Sun Aug 10, 2014 by Douglas Zeller Market Conditions Home Buying Home Selling
Bud Zeller, Real Estate Pro in Placerville, CA
Lower interest rates and stabilizing home prices combined to boost home sales in June, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.  However, diminished home affordability remains a challenge… Read more
Blogged Tue Aug 5, 2014 by Bud Zeller Market Conditions
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Some of the nation’s fastest-growing cities are those where housing costs are lower than the national average, a reversal from the start of the millennium, when looser credit allowed cities to grow without… Read more
Blogged Tue Aug 5, 2014 by Douglas Zeller Market Conditions Financing Home Ownership
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Equity home sales posted their highest level since the housing crisis began, reaching more than 90 percent of all home sales. Meanwhile, seasonal factors, combined with shrinking affordability cooled pending… Read more
Blogged Mon Aug 4, 2014 by Douglas Zeller Market Conditions Home Buying Home Selling
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Bud Zeller, Real Estate Pro in Placerville, CA
The multifamily market continues to outperform historical trends, with vacancy rates at a 13-year low, strong demand for new units being built, and a large number of young adult renters and potential renters,… Read more
Blogged Sat Aug 2, 2014 by Bud Zeller Market Conditions Financing Home Ownership
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Mortgage rates have remained mostly steady in recent weeks, keeping borrowing costs near 2014 lows, Freddie Mac reports in its weekly mortgage market survey.Freddie Mac reports the following national averages… Read more
Blogged Fri Aug 1, 2014 by Douglas Zeller Market Conditions Financing
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Bud Zeller, Real Estate Pro in Placerville, CA
More home owners are gradually treading above water again on their mortgages, but some are still facing balances that are higher than the estimated value of their homes, according to RealtyTrac’s U.S.… Read more
Blogged Thu Jul 24, 2014 by Bud Zeller Market Conditions Financing Foreclosure
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