San Joaquin County Real Estate

Found 5 blog entries about San Joaquin County Real Estate.

Looks like home prices in the Sacramento area are pacing ahead of wages earned.

According to RealtyTrac, a real estate information company out of Irivine, Calif., Sacramento's home prices are 9% higher than they were last year at this time, but the growth of the wages and earnings is up 5%.

Home prices Sacramento and the Tri-County region have steadily been on the rise since bottoming out in early 2012, however earnings haven't been able to keep pace with the rapid rise of homes.

RealtyTrac reports the least affordable region in the area is El Dorado County, where an average wage earner living there must spend 67% of their earnings to purchased a home worth $430,000.

The most affordable area to live in the region remains Sacramento County,

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Further evidence of Sacramento's red-hot real estate market comes from a new report showing luxury homes in Sacramento have been selling well and becoming even pricier for affluent home buyers.

According to brokerage firm Redfin, Sacramento's high-end housing prices increased by 12.6% last year, making the city's luxury market the third hottest in the United States, behind only Philadelphia and Austin, Tex., where values were up more than 20%.

Redfin defines luxury homes as those being in the top 5% of all homes for sale. Redfin’s report tracks all homes sold in at least the 95th percentile in more than 600 places. Cities must have had 100 luxury sales to qualify as big winners or losers.

The reason for Sacramento's surge in luxury property

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What are the top reasons owning a home makes financial sense?

  • Housing is one of the highest leveraged investments you can have.

  • You are paying your own mortgage or someone else’s.

  • Owning a home makes you save for your future.

  • Tax Benefits.

  • Owning is a hedge against inflation.

    Bottom Line:

    Buying a home makes sense financially and helps your build for your future.

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Fed's meeting notes are out today and GOOD NEWS nothing to worry about here. “Almost all” were in favor of raising the Fed funds rate in December with one or two policy makers not comfortable with the decision. Nothing new with the Dot plot which remained unchanged from the prior meeting. Overall the minutes had a dovish tone as a number of policy makers who had concerns about raising rates were quite vocal. Seems to me that the committee will be cautious and gradual when it comes to raising rates on a go forward basis.

10 year note still trading at 2.18%. Mortgage pricing better by 1/32nd post release. Stocks now off 325 points on the Dow. Worst start to the year for the stock market since 2008. 2016 maybe the year to equip your desk chair with a

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Moving to the Carmichael or Lodi area can be a beautiful time to start. Beautiful parks await around each and every corner, along with highly rated schools. Restaurants, theaters and other recreational facilities are also available for you to make use of during your time in the area. If you’re considering these neighborhoods, consider the that they have to offer.

Homes within this area range between $400,000 and $1,000,000. They include enough room for your family to stretch out and become comfortable. Large yards welcome swing sets and outdoor living areas. Feel comfortable with your surroundings, and enjoy updated features throughout each home.

2626-Napoli-Ct-Carmichael-CA2626 Napoli Ct, Carmichael, CA 10608

$579,000
Bedrooms: 4
Bathrooms: 3
MLS#: 14051781

Contemporary

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