Sacramento, CA Real Estate News

By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
 RENTERS, NEW HOMEBUYERS...THIS IS FOR YOU!Did you ever wonder what the difference was between renting versus buying a home? To the left is a chart that tabulates just what happens between buying and renting in terms of savings. In other words, money in your pocket versus money out of your pocket. These two scenarios of buying and renting bring into perspective just what your savings could be. Each renter and future homebuyer can see just what the numbers indicate on both sides of the fence.  To read the remaining portion of this article be sure to go to Sacramento Real Estate Voice.  Bookmark this article:
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
As a Broker and Realtor licensed in the State of California I am hereby, requesting that the good State of California begin to revamp their system for tracking predators especially those that are Realtors. Checking with finger printing only once when a Realtor first obtains their real estate license is not adequate. It must be done at a minimum of once per year. And in my opinion should be continually checked. In this age of automation, there is no excuse for the system to allow predators access to a homeowner's place of residence. Once a teacher has been labeled a predator, their license is removed and NEVER reinstated.I am taking a stand whether popular or not and hope that each Realtor takes his or her stand in the State that they received their license in as well. This is an importa...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
The Sacramento Real Estate Market report for resale in September continued to show the cool down that we have been experiencing for a year. The stats for September show that we are down by 6.7% from August and down 38.1% from a year ago.The median price for a home in Sacramento is for September is $363,000 which is down 5.7% compared to September of 2005. Listings went down 12.3% from August which suggests that many Sellers took  their homes off the market and to wait, rather than reduce their prices.The 6% drop in prices should not be considered anything but an adjustment since the economy is stable and interest rates are reasonable. Condominium listings were down 17.4% and closed sales were down 6.9% which is 36% below September 2005. The median price for a condo is $237,000 which is ...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
There was breaking news yesterday in the Sacramento Bee, local newspaper in the Business section where Builders nationwide met together discussing the Real Esatate Market. Builders are watching Sacramento and Washington D.C. since we were one of the first states to slip in the market and they feel that we will be one of the first to recover. It is felt that Sacramento is stabilizing or is very close to it, now.Speaking of the Real Estate market it is important to understand where you are, where you've been and where you are headed in order to make good quantitative decisions. The more knowledge you have, the better decisions, you make. In order to provide something for viewers to compare homes for sale, homes in pending and homes sold, I decided to break each City down since most people...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
Before moving to the Sacramento area from the Bay area, I remember hearing, "Cow Town", "Sac of Tomatoes". It was quite an adjustment coming from the Bay Area to Sacramento but over the years, I have seen a progressive change in the capitol of California. Sacramento is growing and the sky-line is changing Downtown. New high-rise buildings are being built which only means more jobs and a better economy. Some of the architects have plans for some pretty spectacular looking high-rise buildings that you could say are 'art forms'. The photo to the left where the 2 tallest buildings are is a reindition of how "The Towers" will change our sky-line . Architect, John Saca's 53 story towers will provide 750 new condos, a hotel, Fitness Center, Conference, Ball room, Swimming pool, Spa, Gourmet Re...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
"Is the bubble busting?" "Has it burst?" "Why haven't I sold my home?" These are typical questions sellers ask these days. Not to worry. Everyone keeps talking about this bubble and referring back to the 1990's. There is a swarm of evidence that proves, WE ARE NOT LIKE THE 1990's. In 1990 the interest rate was between 18%-19% interest and today we are below 7%...BIG DIFFERENCE. In the 1990's we were in an economic recession where there was a loss of jobs...today unemployment figures are low. So, you say...then what is the problem. Ok, I will give you my worth.We had a frenzied market for several years and many buyers ended up not being able to afford homes. In order for what I call the "adjustment", prices had to drop. This doesn't mean that the bubble has burst; it just means that ther...
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