Kris Vogt 2012 LLS Man of the Year Nominee

I am so proud to be a part of Coldwell Banker, and to work for a man like Kris Vogt. Please participate in this great cause in any way you possibly can.

 

From the first time home buyer to the savvy investor – from the seller with equity to the seller underwater and needing options – I am here for you.

Advertisements

Housing Crisis to End in 2012 as Banks Loosen Credit Standards (Maybe)

While I certainly don’t expect to see any major improvements in the local housing market this year (with respect to average sales prices or price/sqft), I also don’t anticipate any drastic declines. Elk Grove currently only has 238 Single Family Residence listings available on the market (this includes equity sales, short sales, and bank owned homes- one house on one lot).  Couple this with the fact that there are currently 855 Elk Grove Single Family Residence listings in contract (this includes homes listed as short-contingent, pending, and pending/bring backup), and you’ll realize that we are actually seeing the pendulum swing back in the direction of this being a seller’s market! This is NOT to say that prices will sky-rocket. However, the simple laws of supply and demand still apply. There are more buyers out there looking to purchase homes in Elk Grove than there are listings. We’re seeing a lot more bidding wars over competitively priced homes and the average “Days on Market” time before listings are going into contract has dropped substantially.  Dare I say it? Stabilization may be on the horizon.

01/24/2012BY: KRISTA FRANKS Printer Friendly View

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.

The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.

Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters.

However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability.

Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings.

Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes “the clearest sign yet of an improvement in mortgage credit conditions.”

In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV.

While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan.

Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generation actual house price gains,” and potential ramifications from the euro-zone pose a threat to future credit availability.

 

See Actual Article Here.

‘Tis The Season!

Christmas is coming!!! One of my family’s most favorite holiday traditions is to drive around town checking out Christmas Lights/Displays.  We normally do this around the 23rd- But why wait?! Elk Grove is full of folks who just don’t disappoint!

Check out This Website for a *map* of light displays for you and your family to visit 🙂

1st Annual Rancho Laguna Community Garage Sale a Huge Success!


Hello All! You may have noticed that I’ve been posting a little less frequently over the past couple of weeks. That’s because I’ve been focusing quite a bit of my time organizing a community wide garage sale event that took place on Sunday, and it was *awesome*!! If you had the chance to make it out, I hope you got some great deals and I hope you had as much fun as I did! We’re going to be hosting two more this Summer on June 5th in the 95757 area and on June 12th in the 95624 area. Keep an eye out on my twitter @JessSellsHomes for more information. I promise to keep you all posted on the details. Happy Shopping!!

From the first time home buyer to the savvy investor – from the seller with equity to the seller underwater and needing options – I am here for you.


Community Garage Sale Coming Up!!! 5/22

Better Homes & Gardens Real Estate is proud to announce a series of 1st Annual Community Garage Sale Events throughout Elk Grove – Sponsored by Jessica Hays, Diana Martinez, and Courtney Ellison.  These events will be the largest block sales Elk Grove has ever seen!  We will do all the advertising and organizing, and with the combined efforts of our neighbors, it will be a great opportunity for buyers and sellers alike!

  • Are you ready for some Spring Cleaning?
  • Do you have just a little too much stuff in your garage?
  • Could you use a little extra cash?
  • Looking for great deals?
  • Do you enjoy having fun with your neighbors?

If you answered yes to any of these questions, we need you!  We are looking for people that would like to sell or donate items around their house.  This is not just an invitation for you to shop, but an opportunity to clean up, clear out, and make some cash!  Best of all, the morning after each event all unsold and unwanted items that are left on the curb will be picked up by the Salvation Army at no cost to you!

Jessica Hays will be hosting a Community Garage Sale Event in the Rancho Laguna Community of Elk Grove near Kloss Park on Sunday 5/22/11.  Register Here

Diana Martinez will be hosting a Community Garage Sale Event in the Laguna Creek South community on Bellaterra and the surrounding streets in Elk Grove on Sunday 6/5/11. Register Here

Courtney Ellison will be hosting a Community Garage Sale Event in the Arcadian Village community of Elk Grove on Sunday 6/12/11. Register Here

About Us:

A time to remember and reflect…

Greetings Readers,

While I understand that most of you have come to expect my posts to revolve around real estate, given the fact that history is in the process of unfolding, I hope you’ll forgive me for diverting to another subject today.  Some of you may know that my husband, whom I love and respect more than words can describe, is a combat veteran.  Last night President Obama announced the death of Usama Bin Laden and I had the privilege of holding my husband’s hand when he heard the news.  Today is  a day of celebration for us all.  Not a celebration of Bin Laden’s death, but instead a celebration for all the lives he will not have the opportunity soil, the children who will not end up losing parents because of his actions, and the parents who will not have to bury their children before their time.  It’s a time to embrace the thousands of Americans who lost loved ones on September 11th, 2001 and in the years since then overseas.  Their losses will never be recovered, but at least it is not in vein.  Regardless of where you sit on the political spectrum, I hope you’re proud to be an American today.

Sincerely,

Jessica Hays

What to Research as a Home Buyer

As a buyer, the reality is that you’re not looking for a house. You’re looking for a home, and more-a space where you and your loved ones can feel secure, stimulated, and comfortable. This latest stage in your life requires gaining a perspective that goes beyond your front door to one that encompasses and understands what’s available in the community features in the way of other residences, schools, shops, and athletic and artistic centers. In short, you need to take a closer look at what’s available, and that’s what our “Look” section is all about!

When it comes time for you to make a move you’ll want to do your research.  Ask yourself if you’re satisfied with the community and all it has to offer.  Make sure the schools are adequate if you have school aged children.  Look into the market trends and make sure you understand them.

I personally love living in Elk Grove, California.  We have beautiful tree-lined streets, excellent schools, countless parks, and fabulous community events year round.  Check out Elk Grove’s Housing Trends, Schools, and Community info.

If you’re more interested in moving to another community, Click Here to start your neighborhood research.  I’m happy to help you find your dream home, wherever it may be.  Feel free to call on me for all of your real estate needs.

From the first time home buyer to the savvy investor – from the seller with equity to the seller underwater and needing options – I am here for you.