Real Estate News

Current real estate news for home buyers, home sellers, and homeowners.



Recent Folsom, Granite Bay, El Dorado Hills, and Sacramento Real Estate News Posts

It's a Great Time to Buy a Home

Low rates and extraordinary Inventory have created perfect conditions for home buyers.
Take a moment to consider these facts:
You've never had more homes to choose from...
  • There are currently 3.75 million homes for sale. Inventories in recent months have been at record levels, offering consumers the greatest choice in decades.
  • However, inventory levels are falling, and the selection of homes will become limited once again.
  • Former Federal Reserve Chair Alan Greenspan recently said that housing prospects are looking up. "Most of the negatives in housing are probably behind us. The fourth quarter should be reasonably good, certainly better than the third quarter." According to industry estimates, 2006 will be the third-best year on record for home sales.
Interest rates haven't been this low for nearly 40 years
  • At 6.4 percent, the average 30-year fixed rate mortgage rate remains near 40-year lows. This is more than an entire percentage point below 2000 levels. For a $250,000 loan, a drop from 7.5 percent to 6.5 percent means an annual savings of $2,000.
Real Estate is a great investment
  • The average home value increased by 88 percent over the last ten years. In the decade to come, the number of US households is expected to increase by 15 percent, which means housing will stay in high demand.
While conditions for buyers are perfect now, that is likely to change next year as sales pick up, prices gain traction, and conditions improve for sellers. In today’s real estate market, the best time to buy is now.

For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Top Ten Decorating Trends for 2007

  1. Hand crafted furniture: Look for wood with intricate carvings, metal with detailed scroll work, and handwoven finishes such as rattan.

  2. Leather combined with fabrics: Leather furniture is still hotter than ever but this year leather will be seen in a whole new way as it is mixed in with different fabrics to create texture and interest in home accent pieces.

  3. Home made accents: From hand made sofa throws to embellished lamp shades, there's plenty of room for DIY projects this year. Anything that looks hand made or traditional is in.

  4. Natural Elements: Bamboo flooring and rattan furniture are hot. Anything that reflects elements of nature such as wood is in. Plus, bamboo floors are very durable and eco-friendly.

  5. Colors: Blues and greens set in a neutral background are the "in" colors for 2007. Wall colors in creamy beiges and gold with warm browns and pumpkin spice accents will be the dominant force.

  6. Ethnic Furniture and Accents: The global influence in home furnishings is huge. With Internet shopping it is easier than ever to find furniture and home accent pieces made in countries all around the world.

  7. Space Saving Furniture: Big and bulky is out. Multi-purpose furniture is in. Narrower sofas, coffee tables, and dining furniture are all in.

  8. Functional Art: Look for artistic home accents that serve a purpose. Design lighting is an excellent example. A large selection of light sculptures can be found in lighting stores and on the Internet. Almost all home furnishings are now being made in an artistic form.

  9. Counter height bistro sets: A casual dining atmosphere is a reflection of today's busy lifestyles. A less formal setting allows families to relax and share a quick meal together.

  10. Room Divider Screens: Both decorative and functional, room dividers are definitely making a comeback. Used in studio apartments to define living spaces they provide privacy and a feeling of separate rooms. In larger spaces, room dividers are used to break up the space or strictly as a home accent piece. Room dividers are also being used creatively, such as using as a headboard.


For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Healthier Eating In The New Year

Many recipes can tolerate a healthy renovation without affecting the taste or texture of the food. With most recipes, you can reduce the amount of fat, sugar and sodium without losing the flavor. By cutting fat and sugar, you also cut calories. How much can you leave out without affecting the flavor and consistency of the food? Apply the following general guidelines:
  • Fat. For baked goods, use half the butter, shortening or oil and replace the other half with unsweetened applesauce, mashed banana or prune puree. You can also use commercially prepared fruit-based fat replacers found in the baking aisle of your local grocery store.
  • Sugar. Reduce the amount of sugar by one-third to one-half. When you use less sugar, add spices such as cinnamon, cloves, allspice and nutmeg or flavorings such as vanilla extract or almond flavoring to enhance the sweetness of the food.
  • Sodium. Reduce salt by one-half in baked goods that don’t require yeast. For foods that require yeast, don’t reduce the amount of salt, which is necessary for leavening. Without salt, the foods may become dense and flat. For most foods, however, you can reduce the salt by one-half or eliminate it completely.

For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Check This Out

Want to find out if those gifts you or your family received for Christmas are safe? Go to the site below and search "recalls".

www.consumerreports.org


For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Homes Sales Prices - November 2006

If you are thinking of buying or selling a home in the near future, or know someone
who is, please call for a personal interview and property assessment with no obligation.

Home Sale Price Medians by City for November 2006

County/City/Area # Sold Nov-06 Nov-05 Yr-to-Yr % Change
Sacramento County 1486 $355,500.00 $390,000.00 -8.85%
ANTELOPE 51 $355,000.00 $370,000.00 -4.05%
CARMICHAEL 48 $382,250.00 $394,000.00 -2.98%
CITRUS HEIGHTS 67 $329,000.00 $350,000.00 -6.00%
ELK GROVE 241 $428,000.00 $491,500.00 -12.92%
ELVERTA 5 $400,000.00 $310,000.00 29.03%
FAIR OAKS 30 $372,500.00 $394,500.00 -5.58%
FOLSOM 64 $478,000.00 $473,000.00 1.06%
GALT 27 $360,000.00 $372,750.00 -3.42%
ISLETON 2 $740,000.00 n/a n/a
MATHER 2 $217,000.00 $429,750.00 -49.51%
NORTH HIGHLANDS 15 $263,000.00 $290,000.00 -9.31%
ORANGEVALE 30 $334,750.00 $350,000.00 -4.36%
RANCHO CORDOVA 116 $412,000.00 $437,000.00 -5.72%
RIO LINDA 13 $275,000.00 $305,000.00 -9.84%
SACRAMENTO 752 $329,000.00 $345,000.00 -4.64%
SLOUGHHOUSE 17 $590,000.00 $465,250.00 26.81%
WILTON 5 $762,000.00 $1,051,000.00 -27.50%
El Dorado County 192 $450,000.00 $470,000.00 -4.26%
CAMINO 5 $330,000.00 $325,000.00 1.54%
COOL 3 $422,500.00 $435,000.00 -2.87%
DIAMOND SPRINGS 4 $397,500.00 $339,750.00 17.00%
EL DORADO 4 $297,000.00 $355,000.00 -16.34%
EL DORADO HILLS 50 $662,500.00 $621,481.50 6.60%
GRIZZLY FLATS 3 $280,000.00 $297,000.00 -5.72%
PLACERVILLE 19 $365,000.00 $427,500.00 -14.62%
POLLOCK PINES 16 $350,000.00 $338,750.00 3.32%
RESCUE 6 $750,000.00 $648,000.00 15.74%
SHINGLE SPRINGS 19 $400,000.00 $475,000.00 -15.79%
SOUTH LAKE TAHOE 61 $450,000.00 $435,000.00 3.45%
Placer County 505 $429,000.00 $491,000.00 -12.63%
AUBURN 35 $440,000.00 $479,000.00 -8.14%
COLFAX 5 $421,500.00 $520,000.00 -18.94%
FORESTHILL 7 $380,000.00 $391,000.00 -2.81%
GRANITE BAY 12 $727,500.00 $727,500.00 0.00%
KINGS BEACH 2 $459,500.00 $760,000.00 -39.54%
LINCOLN 159 $420,909.00 $488,500.00 -13.84%
LOOMIS 12 $437,000.00 $797,500.00 -45.20%
MEADOW VISTA 4 $398,750.00 $683,000.00 -41.62%
NEWCASTLE 4 $703,000.00 $660,000.00 6.52%
ROCKLIN 84 $440,000.00 $430,000.00 2.33%
ROSEVILLE 171 $408,000.00 $478,000.00 -14.64%


For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Taking Care Of Business

Getting Your Home Ready For Market

When selling a home set it on display. The following link gives Home Selling pictorial guidelines for properly displaying homes. Set the mood and let the home sell the rest.


Selling Your Home

For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Recent Real Estate News Posts


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