What Is The Average Down to Purchase A Home?

What Is The Average Down Purchase A Home?

What is the average down to purchase a home? This is a wonderful and informative blog written by our preferred loan partner, Dan Tharp.  Enjoy! –JaCi Wallace. According to a Nerd Wallet 2019 Home Buyer Report, 62% of Americans think you need at least a 20% down payment to buy a home. Well, I am glad to report this is not true.

This myth may stem from something you have read about called private mortgage insurance. PMI is a type of insurance put in place if you put less than 20% down and default on your loan. PMI is arranged by the lender and protects the lender—not you—if you stop making payments on your loan. read more

What Is The Average Down to Purchase A Home?

March 2021 Sacramento Area Housing Market Update

Median.pngMarch 2021 Sacramento area housing market update is another interesting blog, written by Josh Amolsch; these are his views and agree or disagree the data always tells a story. Remember, these are merely opinions as none of us have a crystal ball on the real estate market; at best we are guessing about the future.  Sacramento is a much different market compared to many other cities in the US, due to the proximity of migration here from the bay area and how Covid-19 fundamentally changed the workplace to home offices from brick and mortar. The record-low interest rates and how long they last perhaps will have the greatest impact on the current housing demand.  Enjoy–JaCi Wallace. read more

March 2021 Sacramento Area Housing Market Update

In Escrow And The Seller Doesn’t Respond

in escrow seller doesnt respondIn escrow and the seller doesn’t respond, yes folks, as strange as it sounds, it happens. We sent in documents over a week ago and called every day, and no response from the seller. The buyer doesn’t understand why the seller is not communicating. The seller’s agent said he had tried everything, calls, text, email, and no response from his client. The buyer has an option to cancel, but she already cashed in her investment funds and paid thousands of dollars on inspections and an appraisal. read more

What Is The Future of Sacramento Real Estate?

What Is The Future of Sacramento

What is the future of Sacramento Real Estate? This blog was written by our very own exclusive buyer’s agent, Josh Amolsch. We think you will enjoy this blog as it points to a continuing busy real estate market with a population explosion in Sacramento, for decades to come.  Enjoy– JaCi Wallace.

Many people are asking themselves: what is the future of Sacramento real estate? Well, one can probably look to other places as models for what the future of Sacramento could be. Sacramento, once considered a “cow town,” has grown into a big city. According to Worldpopulation.review.com, the population was 369,000 in 1990 and now is 525,000. If you take into account the Sacramento Metropolitan region — which is typically considered Elk Grove, Arden, Roseville and everything in between — we have about 1,500,000 people. That number is estimated to grow by 54%, up to 2.2 million by 2060. read more

What Is The Future of Sacramento Real Estate?

February 2021 Sacramento Area Housing Market Update

February 2021 Sacramento Area Housing Market Update

February 2021 Sacramento Area Housing Market Update is a powerful overview of the market written by our own Josh Amolsch.  Buyers should understand they need to listen to their real estate professional to win.  — Enjoy, JaCi Wallace. Well, here we go again, a new episode of the Sacramento area housing update. The horror show is the modern buyer’s life and what keeps homeowners awake at night. At least the February 2021 Sacramento area housing market update numbers show some promise. New listings are up 2.4% from January but down 16.4% from February 2020. Inventory rose for the first time since October 2020, but only 7.7% from January, and was still not enough to replace the homes that went into escrow. I think March will see another down-tick in inventory, which means another record for median home prices. read more

February 2021 Sacramento Area Housing Market Update
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