CA Real Estate Trends

Real Estate Agent - Granite Real Estate "Cool Team" - 01094982
Real Estate Facts & Trends Placer & El Dorado Counties, CA
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Bank of America (Countrywide, included) has had a major recent policy change in the way they will be handling short sales.  On the face of it reducing the acceptable amount on a junior lien (HELOC) from 10% to 5% sounds real good.  However, read between the lines and the fine print!  Even though ...
El Dorado County Supervisors are very close to adopting Proposition 60,90 & 110 which allows homeowners Over 55 or disabled, in other counties to switch their lower Prop 13 tax basis to their new home in El Dorado County.  This would SAVE BUYERS several THOUSANDS of dollars over time.  This could...
The Home Show at the Auburn Gold Country Fairgrounds is coming up soon.  This year's show is slated to be wonderful with many products and services to enhance your home and life.  Several vendors will be featuring products that are earth friendly, recycled or energy saving & producing (solar pane...
In 2000 CA voters passed AB 885 which was a clean air and water act legislation.  In the body of the legislation is called for determining standards for ensuring clean air and water.  So far so good right?  We all want clean air and water.  So, since there weren't standards in place they turned t...
Short sales are fraught with many challenges.  First off, is the seller/owner eligible for a short sale?  Did they recently refinance and pull out more equity in the property during the high market value times?  Is the seller 100% cooperative? Is there more than one loan on the property?  Are the...
In the tough times of the 90's I had a listing that was a difficult sell and remained on the market awhile.  The sellers were out of state and patient. On Christmas eve we received an acceptable offer.  Noting the time difference I called the sellers in the early evening.  When they realized it w...
Stats for Placer County, CA                                      October      Sept         % Change     2007       % Change New listings published       767            678          13.1%           736         4.2%    Listing inventory  YTD    2,401           2,466       -2.6%          2,806      ...
Stats for Placer County, CA                                    September    August    % Change         2007      % Change New listings published       678             718         -5.6% c           744         -8.9%    (This is good news, inventory is dropping) Listing inventory             2,466 ...
There is some apathy about voting, yet it often is over looked as a governing source on what property taxes we pay.  Here in California we have the protection of Proposition 13 (which thankfully the masses voted for) to restrict how much our property taxes can go up.  However many local bonds are...

Cathy Sarmento

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