Sacramento Real Estate August - September 2012

Doug Reynolds, a Sacramento Area Realtor, gives a market update for August/September 2012.  The market continues to favor sellers with low inventory, multiple offers and prices continuing to rise since the beginning of the year.  Feel free to contact Doug if you have any real estate needs for selling or buying in the Sacramento Area.

clear skies,

Doug Reynolds

 

www.BHGshortsales.com

Sacramento County Real Estate Update May - June 2012

Doug Reynolds, Sacramento Area Realtor, discusses the current Sacramento Real Estate Market for May/June 2012.  The median sales price increased in April, making that the third consecutive month for an increase in pricing and putting an exclamation point on the fact that the bottom has passed in Sacramento Real Estate.  The housing supply of inventory has reached a new record low of below 1 month, buyers continue to fight over properties with multiple offers and the "Price Sensitive Seller's Market" is continuing through the summer.

clear skies,

Doug Reynolds

 

www.BHGshortsales.com

Sierra Oaks, Wilhaggin, Del Dayo and Shelfield - Sales Data for April 2012

There were 19 homes sold in Sierra Oaks, Wilhaggin, Del Dayo and Shelfield in the month of April, 2012. This is a increase from the 12 sold in March, 2012.  Here are the addresses and specific details:

Currently there are: 35 active listings, 5 active short sale listings, 12 contingent short sale listings, and 23 pending sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Sierra Oaks, Wilhaggin, Del Dayo and Shelfield areas.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Arden Park and Arden Oaks - Sales Data for April 2012

There were 9 homes sold in Arden Park and Arden Oaks in April, 2012.  That is slight increase from the 8 sold in the month of March 2012.  Here are the addresses and specific information:

There are currently: 19 active listings, 0 active short sale listings, 5 contingent short sale listings, and 7 pending sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Arden Park or Arden Oaks area.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Elmhurst and Tahoe Park Sales Data - April 2012 (Sacramento, Ca)

There were 9 homes sold in Elmhurst and Tahoe Park in the month of April, 2012.  That is the same from the 9 homes sold in the area in the month of March 2012.  Here are the addresses and specific information.

Currently there are: 13 active listings, 6 active short sales, 15 contingent short sales, and 22 pending sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Tahoe Park / Elmhurst area.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Land Park and Curtis Park Sales Data - April 2012 (Sacramento, Ca)

There were 18 homes sold in Land Park and Curtis Park in the month of April 2012 .  That is a slight increase from the 17  homes sold in the month of  March 2012.  Here are the addresses and specific information.

 

Currently there are: 27 Active listings, 5 Active short sale listings, 14 Contingent short sale listings, and 19 Pending sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Land Park or Curtis Park area.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

East Sacramento: McKinley Park, Fab 40's, River Park, East Sac, East Portal Park - Sales Data for April 2012

There were 23 homes sold in East Sacramento in the month of April, 2012.  That is a slight decrease from the 27 homes sold in the area in the month of March 2012 .  Here are the addresses and specific information.

Currently there are: 44 Active listings, 6 Active short sale listings, 12 Contingent short sale listings, and 35 Pending Sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the East Sacramento area.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Sierra Oaks, Wilhaggin, Del Dayo and Shelfield - Sales Data for March 2012

There were 12 homes sold in Sierra Oaks, Wilhaggin, Del Dayo and Shelfield in the month of March 2012 . This is a increase from the 5 sold in  February 2011.  Here are the addresses and specific details:

 

Currently there are: 38 active listings, 3 active short sale listings, 13 contingent short sale listings, and 14 pending sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Sierra Oaks, Wilhaggin, Del Dayo and Shelfield areas.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Elmhurst and Tahoe Park Sales Data - March 2012 (Sacramento, Ca)

There were 9 homes sold in Elmhurst and Tahoe Park in the month of March 2012.  That is a slight decrease from the 10 homes sold in the area in the month of  February 2012.  Here are the addresses and specific information.

Currently there are: 17 active listings, 5 active short sales, 15 contingent short sales, and 16 pending sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Tahoe Park / Elmhurst area.

 

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Land Park and Curtis Park Sales Data - March 2012 (Sacramento, Ca)

There were 17  homes sold in Land Park and Curtis Park in the month of March 2012 .  That is a slight decrease from the 18  homes sold in the month of  February 2012.  Here are the addresses and specific information.

 Currently there are: 33 Active listings, 3 Active short sale listings, 0 Contingent short sale listings, and 13 Pending sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Land Park or Curtis Park area.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

 

Rosemont Sales in March 2012 (Sacramento, Ca)

There were 29 homes sold in Rosemont in the month of March, 2012.  That is a large increase from the 17 that sold in February.  Here are the addresses and specific information.

 

 

Currently there are: 13 Active listings, 10 Active short sale listings, 27 Contingent Short Sales  and 28Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

College Greens / Glenbrook Sales in March 2012 (Sacramento, Ca)

There were 18 homes sold in College Greens / Glenbrook for the month of March, 2011.  That is an increase from the 12 sold in February.  Here are the addresses and specific information.

Currently there are: 12 Active listings, 3 Active short sale listings, 24 Contingent Short Sales  and 19 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

3 Hot Trends for Kitchen Remodeling in 2012

Mulling a kitchen remodel but want to keep costs low? You’re au courant with today’s trends that emphasize options and high-tech wizardry at affordable prices.

Trend #1: Remodeling scales back

A new focus on moderation and value has entered the remodeling mind-set. Trends that are likely to show up in your kitchen next year include:

You’ll repair your existing appliances instead of replacing them, extending their life with good maintenance and care. If you’re replacing cabinets, you’re likely to build around your current appliances rather than choosing new models.

You’re scaling back your cabinetry purchases, with an increased emphasis on kitchen storage and functionality overelaborate decoration. For example, rather than stacked crown moldings throughout the kitchen, you’ll put your money into practical roll-out trays and drawer organizers.  

Small-scale kitchen projects are big news. Changing out cabinet hardware, replacing a faucet, and refacing your cabinets upgrades your kitchen without major expense.

Trend #2: Simpler, warmer styles dominate

Fussiness and excess have faded away in favor of pared-back looks that present a more timeless, value-conscious style.

Cabinet decoration continues to streamline. For example, massive corbels, once fashionable as undercounter supports, will give way to sleeker countertop supports and cantelivered countertop edges. Stacked moldings will pare back or disappear entirely. Elaborately glazed finishes will yield to simpler paints and stains. 

Kitchen finishes will continue to get warmer and darker, and feature natural and stained woods. Walnut especially is growing in popularity.

Laminate countertops will continue to surge in popularity, especially in contemporary design. The latest European-inspired laminates offer more textured and naturalistic finishes than ever before. While exotic wood kitchen cabinets are out of reach for most home owners, glossy, look-alike laminate versions can be had for about one-third the price.

Trend #3: Technology expands its kitchen presence

Many of the techno products and trends that relate to your smartphones and tablets have just started making their way into your local showrooms and home centers.

Appliances will be equipped with USB ports and digital screens so you can display your family photographs and kids’ artwork.

Smart, induction built-in cooktops ($500-$3,000) remember your temperature settings as you move your pans across their entire surface.

One light finger touch is all it takes to open the electronically controlled sliding doors of your kitchen cabinets — a boon to people with limited mobilities. You’ll pay 40% to 70% more for cabinets with electronically controlled doors than standard models.

You’ll be able to use your smart phones and tablets to control lights and appliance settings from anywhere you have a wi-fi connection, as well as to shop for appliances from major manufacturers.

You’ll be opting for LEDs for your recessed lights, under-cabinet task lighting and color-changing accent lighting. You’ll see more LED-powered pendants and chandeliers from major manufacturers as inefficient incandescent bulbs continue their march toward extinction.

A wide selection of affordable microwave ovens with convection and even steam features gives owners of smaller kitchen spaces more high-end cooking power.

What improvements — big or small — are you planning for your kitchen this year?

clear skies,

Doug Reynolds

 

www.BHGshortsales.com

FHA TAKES ADDITIONAL STEPS TO BOLSTER CAPITAL RESERVES

New premium structure will help protect FHA’s MMI fund

WASHINGTON – As part of ongoing efforts to encourage the return of private capital in the residential mortgage market and strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund,

Acting FHA Commissioner Carol Galante today announced a new premium structure for FHA-insured single family mortgage loans. FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under

$625,500 and by 0.35 percent for loans above that amount. Upfront premiums (UFMIP) will also increase by 0.75 percent.

These premium changes will impact new loans insured by FHA beginning in April and June of 2012. Details will soon be published in a Mortgagee Letter to FHA-approved lenders. “After careful analysis of the market and the health of the MMI fund, we have determined that it is appropriate to increase mortgage insurance premiums in order to help protect our capital reserves and to continue encouraging the return of private capital to the housing market,” said Galante. “These modest increases are one of several measures we are taking towards meeting the Congressionally mandated two percent reserve threshold, while allowing FHA to remain a valuable option for low- to moderate-income borrowers.”

The Temporary Payroll Tax Cut Continuation Act of 2011 requires FHA to increase the annual MIP it collects by 0.10 percent. This change is effective for case numbers assigned on or after April 1, 2012. FHA is also exercising its statutory authority to add an additional 0.25 percent to mortgages exceeding $625,500. This change is effective for case numbers assigned on or after June 1, 2012.

The UFMIP will be increased from 1 percent to 1.75 percent of the base loan amount. This increase applies regardless of the amortization term or LTV ratio. FHA will continue to permit financing of this charge into the mortgage. This change is effective for case numbers assigned on or after April 1, 2012. FHA estimates that the increase to the upfront premium will cost new borrowers an average of approximately $5 more per month. These marginal increases are affordable for nearly all homebuyers who would qualify for a new mortgage loan. Borrowers already in an FHAinsured mortgage, Home Equity Conversion Mortgage (HECM), and special loan programs outlined in FHA’s forthcoming Mortgagee Letter will not be impacted by the pricing changes announced today.

Taken together, these premium changes will enable FHA to increase revenues at a time that is critical to the ongoing stability of its Mutual Mortgage Insurance (MMI) Fund, contributing more than $1 billion to the Fund, based on current volume projections through Fiscal Year 2013.

clear skies,

Doug Reynolds

 

www.BHGshortsales.com