Tag Archives: Economy

Sacramento Housing Inventory (Spring/Summer 2013) – Like Trying to Find a Needle in a Haystack

Posted on June 6, 2013 | Leave a comment

However cliché this title sounds, buyers and some realtors alike are completely discouraged by the lack of homes to choomonoploy housesse from.  I just read the statistic that the median days on the market for a home in April 2013 was 12 days.  In addition,  the inventory has shrunk a bit further since then.  Buyers use to say or think, “If I don’t get this particular property, I will just wait for the next one.”  Now they are saying, “The next one might cost more than we want to pay (or can afford), or we may have to wait 4 months to find it!”

Some home buyers have told me that they are just going to wait until the next dip in the market.  This could be extremely wise, or they could be waiting a while?  Time will tell.  Ultimately, like my dad use to say, “You’ve just got to get on the merry-go-round, or stand on the sidelines and wait.”

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Article – Why the Housing Slump Isn’t Getting Better

Posted on April 9, 2010 | 3 comments

I hate to be the bearer of bad news, especially in the face of all those who want to stay positive.

The keys numbers that is not publicized or talked about much, according to this article, the growing number of home owners who are unable to afford their mortgage payment.  This is one thing that is not getting better, rather worse, which will obviously curtail any policy and recovery plan of action.

Check out the article here

or cut and paste –

http://articles.moneycentral.msn.com/Banking/HomeFinancing/why-housing-slump-isnt-getting-better.aspx

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

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Have we hit bottom in the Sacramento CA housing Market?

Posted on March 17, 2010 | 1 comment

This is a question I get asked frequently and one that I hear attempting to be answered.  “Have we hit the bottom of the housing market?  At times I have fallen prey to the common thinking that says, “How much worse can it get?  The market has dropped ____%, how much more can it go down?”  Then the conclusion… “We must be at the bottom.”  Anyone with their head in the game has thought/asked this.

However, after just doing a little research you will find that there are key economic forces in play that have to change (unemployment for one) before “the bottom” is reached AND our economy comes out of the recession in which we find ourselves.  Forecasters have been calling the bottom for the last 2 years or longer.  So have we hit bottom yet?

For an excellent read on some of these economic factors, check out this article, The Orwellian Recovery.  The author succinctly states,  “I don’t see how housing prices can recover at the same time inventories, mortgage rates, and unemployment rise.”

A colleague an I were discussing this topic over coffee today… what’s going to happen when the government backs off the stimulus and interest rates rise?

It’s a complicated and highly opinionated topic, what are your thoughts?

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

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Posted in The Sacramento Real Estate Market

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