OVER THE BACK FENCE ****************** DISCUSSIONS & NEWS

Thirty-one (31) homes were added to the MLS in the Yuba-Sutter area last week (view them by clicking HERE).  Prices ranged from $33,600 to $265,000.  In addition 27 previously listed homes were placed back onto the market.

Twenty-six (26) homes that were recently listed had their asking price adjusted; 25 of those were lowered, 1 price increased! 

Fifty-six (63) homes were sold during this same period!  Prices ranged from $33,600 to $629,000. 

And thirty-two (32) homes that were under contract closed! 

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

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Including homes being placed back on the market, eighty-two (82) homes were added to the MLS in the Yuba-Sutter area last week.  Of those, 29 were new listings in Sutter County and Yuba County had 25 new listings.

Of the 403 current listings, 32 homes had their asking price lowered.  Listed homes range from 1 bedroom to 6, 1 bath to 5.  Their sizes vary greatly; 408 sq. ft. to 6,000 and are priced from $16,999 (a mobile home) to $3,900,000 for a winery. 

Of these 98 are bank owned properties and 98 are short sales.  This means that 51.5% of the homes listed for sale in our area are equity sales, maintaining our lead over the national average!

Fifty (50) homes were sold last week and fifty-five (55) homes that were under contract got new owners (closed)!

To view the homes discussed in the stats above send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in.

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Last week 52 homes were newly listed for sale in the MLS.  In addition, 10 previously listed homes were placed back on the market, 41 currently listed homes had their asking prices lowered and 2 had a price increase!  To view them simply click the links above (bold, blue & underlined text).

Currently there are 420 homes listed for sale in Yuba and Sutter Counties.  Prices range from $16,999 (a mobile home in Country Village) to $3,900,000 for a condo complex in Marysville. 

Of these 111 are bank owned properties and 97 are short sales.  This means that 50.5% of the homes listed for sale in our area are equity sales, better than the national average!

Forty-four (44) homes were sold last week and twenty-seven (27) homes that were in escrow (under contract) closed!  Of these 71, thirty-four were bank owned and another seventeen were short sales.

To view the homes discussed in the stats above and more send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in.

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

Please note: all visits to our sites are secure AND confidential. We do NOT force registration or track your activity!

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
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Yuba-Sutter Real Estate Today

If this is such a buyer’s market where are all the homes for sale?  On the national scene the inventories are pretty much a reflection of what we see here.  According to a recent report from The Wall Street Journal ($ read it here) all but one monitored area have an inventory 23.2% below last year.  That area is Springfield, IL.

Usually inventory of For-Sale homes rises about this time of the year.  Of the studied areas only four have seen increases since December.  The national inventory is figured at 6.1 months (figured as the amount of time it would take to sell currently listed homes at the current selling rate with NO new listings being added).

The lower inventories are needed to help the recovery because an over-supply causes artificially low prices; you know, that ol’ supply-and-demand thing.  While some think this may be a negative (isn’t there always someone?) it is helping the market. 

Is it because the banks have slowed down on foreclosure processing?  If so, fine.  They aren’t likely to flood the market again after the results of the last time they did that.  And seeing the prices stablize or even rise marginally would encourage them to use discression.

On the local front our inventory is even lower!  Looking at last week’s stats (see them below) our inventory is about 11.5 weeks.  This is actually a slight increase over the last few months, meaning we are seeing the expected increase!

Isn’t this forum supposed to be about LOCAL real estate news? Why did we devote so much of this article to the National scene?  Yes, it is.  The banks set policy according to the big picture, not just what happens here in our communitty.  Understanding the bigger scale helps us plan for future happenings right here at home.

For more information on how this relates to you and for ALL your real estate related needs and/or questions call ((530 315-2808) or visit us8 on line at EncoreRES.com or any of the links below, or email * us HERE.

For a FREE Comparative Market Analysis of your home click 8 HERE.

Please note: all visits to our sites are secure AND confidential.  We do NOT force registration or track your activity!

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

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Yuba-Sutter Real Estate Today

Including homes being placed back on the market, sixty-six (66) homes were added to the MLS in the Yuba-Sutter area last week (view them by clicking HERE).  Prices ranged from $43,000 to $1,100,000. 

Thirty-four (34) currently listed homes had their asking price adjusted; 28 of those were lowered.  View them all HERE.

Forty-seven (47) homes were sold during this same period!  Prices ranged from $30,000 to $325,000. 

And thirty-seven (37) homes that were under contract closed! 

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Please note: all visits to our sites are secure AND confidential. We do NOT force registration or track your activity!

Subscribe to Free Automatic Listings Update
Free Home Warranty
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Yuba-Sutter Real Estate Today

Fannie Mae & Freddie Mac, the now government run mortgage giants have decided that they will sell bulk lots of foreclosed homes to large investors ONLY.  They will require major financing (and proof of funds) and sell homes in large blocks only. ($read it here).

That’s right; you and I can’t buy them!  These agencies have gotten the idea that having foreclosures are a bad thing and they need to get rid of them NOW!  Isn’t this the same thinking that caused the major price drop in the first place; the banks flooded the market with homes at a rate faster than could be absorbed.

Supply and Demand!  Simple economics.  Fannie & Freddie are thinking that by forcing investors to keep these homes as rentals they can avoid the market saturation situation.  Whether or not that would help, the fact is that the market is correcting itself just as it usually does. 

This takes away the opportunity for you and me, us common folk, to invest in real estate.  Only the large corporations can purchase these homes.  One of the things that make this country great is the ability to purchase land (homes) and control that possession. 

Not only is this policy non-American, it will hinder or economic recovery.  The current system is working.  Slowly, yes, but working.  Like any healing, a lasting recovery does take time.  As the Feds keep other investments low, more and more are turning to real estate to bolster their retirement accounts.

This is how it should be!  EVER self-made millionaire in this country has done so with real estate.  Holding land is one of the greatest wealth builders available to the American public.  And, in its current state, it is available to everyone; you, me, our neighbor.  This new policy threatens that opportunity.  Only the rich and powerful can purchase these great investment opportunities.

For ALL your real estate related needs and/or questions call ((530 315-2808) or visit us8 on line at EncoreRES.com or any of the links below, or email * us HERE.

For a FREE Comparative Market Analysis of your home click 8 HERE.

Please note: all visits to our sites are secure AND confidential.  We do NOT force registration or track your activity!

To get your FREE home warranty contact us now! Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
Search the MLS
Yuba-Sutter Grapevine
Yuba-Sutter Real Estate Today

Seventy-six (76) homes were added to the MLS in the Yuba-Sutter area last week (view them by clicking HERE).  Prices ranged from $19,900 to $679,900.  In addition 25 previously listed homes were placed back onto the market.

Forty (40) homes that were recently listed had their asking price adjusted; 38 of those were lowered, 2 prices increased! 

Fifty-two (52) homes were sold during this same period!  Prices ranged from $26,900 to $299,000. 

And twenty-three (23) homes that were under contract closed! 

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

Please note: all visits to our sites are secure AND confidential.  We do NOT force registration or track your activity!

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
Search the MLS
Yuba-Sutter Grapevine
Yuba-Sutter Real Estate Today

Including 23 homes being placed back on the market, seventy-three (73) homes were added to the MLS in the Yuba-Sutter area last week.  Of those, 31 were new listings in Sutter County and Yuba County had 19 new listings.

Of the 424 current listings, 49 homes had their asking price lowered.  These homes range from 1 bedrooms to 6, 1 bath to 5.  Their sizes vary greatly; 408 sq ft to 32,000 and are priced from $16,999 (a mobile home) to $3,200,000 for a condo complex. 

Of these only 91 are bank owned properties and 126 are short sales.  This means that 49% of the homes listed for sale in our area are equity sales.  And less than 22% are REO properties; well ahead of the national average!

Fifty-six (56) homes were sold last week and thirty-six (36) homes that were under contract got new owners (closed)!

To view the homes discussed in the stats above click on the stat or send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in.

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how to make this work for you contact us today! (Phone 530 315-2808 or email * us HERE.

For a FREE Comparative Market Analysis of your home click 8 HERE.

Please note: all visits to our sites are secure AND confidential. We do NOT force registration or track your activity!

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
Search the MLS
Yuba-Sutter Grapevine
Yuba-Sutter Real Estate Today

One of the things that complicate Short Sales is the number of different entities that are involve; each of whom must give their blessing to the transaction.  Unlike the equity seller, when a bank becomes the negotiator in the price of a sale they are not usually the only one to come up short.

Many homes have a second loan in place.  In some cases there is even a third.  There might also be an equity line but these are now treated like personal loans.  However, there is another that will be involved.  MI, or Mortgage Insurance is in place on nearly all loans where the purchase balance is more than 80% of the value.  A refinance usually has this insurance in place also.

The full explanation is complicated (we can fill you in if you want to call or email us) but the insurer now must allow the process to proceed also.  So…basically we have the bank with the first position loan that will come up short.  Next is the MI carrier.  Then are the 2^nd and 3^rd loans if applicable.  Now comes any liens etc.  WOW!

To help speed the process up some MI Carriers have approved the process cart blanc under agreed upon circumstances.  A recent article by HOUSINGWIRE stated that PMI Group has now joined that list ($read it here).  WE see this as a good thing.  Facilitating a short sale is better for all involved than pushing to a foreclosure.

For more information on how to make it work for you contact us today! (Phone 530 315-2808 or email * us HERE.

For a FREE Comparative Market Analysis of your home click 8 HERE.

Please note: all visits to our sites are secure AND confidential.  We do NOT  force registration or track your activity!

To get your FREE home warranty contact us now! Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
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Yuba-Sutter Real Estate Today

It seems as if the finger pointing isn't over!  First it was all the Real Estate industry’s fault that the housing market crashed.  Then it was the bank’s fault that the lending industry had a melt-down.  Now the appraisers are getting the heat for the current housing prices!

A recent article published by RISMedia has brought that point to light.  The tone of that article ($read it here) explains that appraisers just like real estate agents, don’t set the price.  Rather, they (and we) research and report what is happening.

While no one likes to look at their investment and see a negative sign, real estate is actually priced about where it should be in our area.  The recent boom got our prices out of proportion with the income of the area.  Families working here could not afford to buy here.  That scenario played out in most areas.

On the more positive side, more families can buy a home now than in the past.  Current programs help with down payments and closing costs.  Super low interest rates make buying cheaper than renting.  There is a large inventory to choose from.

For more information on how to make it work for you contact us today!  (Phone ( 530 315-2808 or email * us HERE.

For a FREE Comparative Market Analysis of your home click 8 HERE.

Please note: all visits to our sites are secure AND confidential.  We do NOT track your activity!

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
Search the MLS
Yuba-Sutter Grapevine
Yuba-Sutter Real Estate Today