2019 Year Market Wrap and Real Estate News in January 2020

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2019 year end, market wrap, monthly wrap up, Real Estate News, sales staitistics, stanislaus county, youtube

News Style format with top real estate stories of 2019 as of January 2020, including the market sales statistics for December 2019 in the Stanislaus County, and San Joaquin County, Including Tracy, Stockton, Manteca, Lodi, Escalon, Ripon, Modesto, Ceres, Turlock, Riverbank, Oakdale, Waterford. Keep informed in the market whether you want to buy a home, or put a home up for sale. Brought to you by Bradley Price, Realtor and Broker Owner of Sonata Realty. Sorry to add this to my blog so late, I have been neglecting my blog, but I am back!

5 Reasons for Buying

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Home Buyers, real-estate, statistics

WHY DO PEOPLE BUY?

There are a number of reasons that people decide to make a real estate purchase. The California Association of Realtors, has put together this handy graph, which shows the top 5 reasons people bought homes in California in 2013,  It also shows the percentage of purchasers in each category.

Why You Don’t Want To Wait Too Long To Buy!

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buying a home, home loans, Home Purchase, Real Estate Finance, real-estate, save interest

I can remember my parents paying around 18% on there mortgage back in the day.  Truly a dismal prospect.  The interest rate you pay, has a huge difference on the amount of your monthly payment for you home.  In fact, not only does it affect how much you can afford, but it may make the difference  whether you can purchase or not at all.  Interest rates for now, continue to be at historic lows.  The chart below, provided by the California Association of Realtors, is designed to help you understand how much even a small fluctuation in interest rates will affect your payment.  So do yourself a favor, and don’t wait too long to buy.

The Ripple Effect

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real-estate, Residential Real Estate

Over the last few years since the economy tanked, there has been a lot of talk about job creation.  Now consider the ‘Ripple Effect’ of how business brings more business.  When you shop, that creates jobs, those business owners and employees  can now go shopping, and the cycle continues.  This occurrence happens on every level, and in addition, if you keep those dollars local it is good for your local community. You should especially consider shopping with mom & pop stores, because they are the backbone of our economy.  To help illustrate this, I have included a chart to show how much the big ticket purchase of a home helps our economy.

Recouping Your Remodel Costs

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Home Repair, Remodeling, Residential Real Estate, Selling Your Home

Sometimes when people are ready to sell there home, they have an inflated idea of what their project has added to the value of their home.  The truth is, a home is only worth what the market dictates, it does not  always equate with the hard earned money, or sweat equity that you have put in.  So if you area going to live there a while, remodel in a way which you will get enjoyment out of the property while you are there.  If you are remodeling for the purpose of sale, take a close look at what your return will be – It will surely bring a quicker sale, but will it bring the added value you are looking for?  Either way, the chart below based on research from the National Association of Realtors will help to give you a realistic picture of of what you can expect in the way of a return, featuring the top ten remodeling projects to give you the best bang for your buck.

Recovery in CRE Pricing Continues in February

Residential Real Estate is not the only sector to show improvement.  Here is a great article to give some perspective on the current state of Commercial Real Estate as of February’s numbers, from our friends at the CoStar Group.

Recovery in CRE Pricing Continues in February – CoStar Group.

California’s Improving Housing Markets

After several years of a very depressed housing market, things are finally improving.  Here is a chart to show California’s improving housing markets.  Note that these numbers reflect permits for new construction, which is great news, but areas such as Modesto which have not increased much in new construction, have made great progress in resale homes.