Sacramento - Cal Expo: Independence Day Celebration: Features family activites, food vendors, music, dancing, and a grand fireworks display. Gates open at 6pm, fireworks at 9:30pm at the racetrack grandstands. 1600 Exposition Blvd. Free Admission, $7 Parking. http://www.calexpo.com/
Carmichael -Carmichael Elks Lodge, 5631 Cypress Avenue. Open to the public.
City of Folsom - Folsom Pro Rodeo: June 30th - July 4th, rodeo begins at 7pm with Steer, Team, and Calf roping, and Barrel Racing. Also features Bull & Bronc riding and Mutton Busting. Fireworks at 9:30. Folsom Lions City Park, on the corner of Stafford Street & Natoma Street.
City of Roseville - Parade at 10am starting at the intersection of Riverside Blvd, Vernon Street, and Douglas Blvd, and ends at Royer Park. Chilren's games, food vendors, and a Capitol Pops Concert Band performance from 11am - 2pm. Royer Park, 190 Park Avenue, at West Douglas Blvd, Roseville. Fireworks at 9:30pm at Placer County Fairgrounds. Free.
City of Lincoln - Begins with a pancake breakfast at 6:30am, parade from 9-11am, beer garden barbeque, Little Miss Lincoln Pageant, live music on three stages, kids zone, open swim, food, contests, games, and fireworks at 9:30pm. Free. McBean Park - 65 McBean Park Drive, Lincoln.
City of Rancho Cordova - "It's a Grand Old Flag!" 23rd Annual celebration features music by the 1970's rock bands "America" and :Funkengrooven." Parade at 10am, kids shows 12-5:00pm, fireworks at 9:45pm. Hagan Community Park, Rancho Cordova. Free Admission / parking is $5. http://www.ranchocordovajuly4th.com/.
Elk Grove - Elk Grove Chamber of Commerce: Salute to the Red, White & Blue. 11th Annual family event starts at 3pm and offers food booths, children's activities, a musical salute, and fireworks at 9:45pm. Elk Grove Park - 9950 Elk Grove Florin Road, Elk Grove. Free / parking $10.
Saturday, June 30, 2007
Thursday, June 28, 2007
Rates on 30-year Mortgages Edge Down
Rates on 30-year mortgages edge down
By Martin Crutsinger, Associated Press
WASHINGTON -- Rates on 30-year mortgages dipped slightly this week, the second decline after five weeks of increases. The mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.67 percent this week, compared with 6.69 percent last week. Rates had hit an 11-month high of 6.74 percent two weeks ago. Analysts attributed the slight retreat over the past two weeks to developments in bond markets, where investors have grown less worried that global growth could lead to higher inflation. They said the worsening state of the housing industry also was acting to lower rates.
"This week we saw further effects of the current housing recession," said Frank Nothaft, chief economist at Freddie Mac. He noted that existing home sales dipped to the slowest pace in four years while the number of unsold homes on the market climbed to the highest level in 15 years.
The overall economy slowed to an anemic 0.7 percent growth rate in the first three months of this year, the weakest performance in more than four years, with housing a major factor, the government reported Thursday.
Rates were affected this week by market wariness in advance of Thursday's announcement by the Federal Reserve that it would leave a key interest rate at 5.25 percent, where it has remained for the past year. The Fed announcement gave a boost to Wall Street because the central bank said inflation readings had improved a bit.
All mortgage rates tracked by Freddie Mac showed declines this week. Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, fell to 6.34 percent from 6.37 percent last week. Five-year adjustable-rate mortgages averaged 6.30 percent, down from 6.31 percent. One-year adjustable mortgages fell to 5.65 percent, compared with 5.66 percent last week.
The mortgage rates do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried a nationwide average fee of 0.5 point. Five-year adjustable mortgages and one-year ARMs carried a fee of 0.5 point.
A year ago, rates on 30-year mortgages stood at 6.78 percent, 15-year mortgages were at 6.43 percent, five-year adjustable-rate mortgages averaged 6.39 percent and one-year ARMs were at 5.82 percent.
Link:
http://www.sacbee.com/845/story/247386.html
By Martin Crutsinger, Associated Press
WASHINGTON -- Rates on 30-year mortgages dipped slightly this week, the second decline after five weeks of increases. The mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.67 percent this week, compared with 6.69 percent last week. Rates had hit an 11-month high of 6.74 percent two weeks ago. Analysts attributed the slight retreat over the past two weeks to developments in bond markets, where investors have grown less worried that global growth could lead to higher inflation. They said the worsening state of the housing industry also was acting to lower rates.
"This week we saw further effects of the current housing recession," said Frank Nothaft, chief economist at Freddie Mac. He noted that existing home sales dipped to the slowest pace in four years while the number of unsold homes on the market climbed to the highest level in 15 years.
The overall economy slowed to an anemic 0.7 percent growth rate in the first three months of this year, the weakest performance in more than four years, with housing a major factor, the government reported Thursday.
Rates were affected this week by market wariness in advance of Thursday's announcement by the Federal Reserve that it would leave a key interest rate at 5.25 percent, where it has remained for the past year. The Fed announcement gave a boost to Wall Street because the central bank said inflation readings had improved a bit.
All mortgage rates tracked by Freddie Mac showed declines this week. Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, fell to 6.34 percent from 6.37 percent last week. Five-year adjustable-rate mortgages averaged 6.30 percent, down from 6.31 percent. One-year adjustable mortgages fell to 5.65 percent, compared with 5.66 percent last week.
The mortgage rates do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried a nationwide average fee of 0.5 point. Five-year adjustable mortgages and one-year ARMs carried a fee of 0.5 point.
A year ago, rates on 30-year mortgages stood at 6.78 percent, 15-year mortgages were at 6.43 percent, five-year adjustable-rate mortgages averaged 6.39 percent and one-year ARMs were at 5.82 percent.
Link:
http://www.sacbee.com/845/story/247386.html
Monday, June 25, 2007
New Downtown Zip Code...
Looks like part of 95814 is getting a new zip code as of July 1~
There was a time when Mark Gonzales was a 95822 man. It's the ZIP code he grew up with in Land Park, and the postal route that still rolls most easily off his tongue. But nothing lasts forever. When the 41-year-old moved to 11th and S streets, he had to adjust to his new and exciting life as a bearer of the 95814 standard. And now, his world will change again, when on July 1 the U.S. Postal Service debuts Sacramento's newest ZIP code, 95811.
"95811, 95811," Gonzales muttered, giving the new addendum a try. "Well, it's kind of easier to remember."
It's been longer than he can recall since midtown has been the recipient of a new ZIP code, said Augustine Ruiz, spokesman for the USPS Sacramento district. But with the area seeing so much growth and mail carriers and post offices attending to that much more mail, it was time, he said, for a fresh five digits. The new code will incorporate the developing downtown railyard and Richards Boulevard areas, as well as a band a few blocks wide on downtown's southern and western flanks. It's a change that Ruiz says will allow for better service, but one that some customers found a bit odd.
Most ZIP codes comprise large chunks of a city, but from the looks of it, 95811 has got 95814 in a heck of a half nelson, leading some customers to wonder if the post office wasn't making room for future railyard development. "I thought it was goofy," said Bill Senecal, manager of Beer's Books, which will be affected by the change. "It's like a gerrymandering effect." That's not the case, says Ruiz, adding that the post office keeps track of growth but stops short of predicting it.
"It has nothing to do with real estate issues," he said. "It has everything to do with efficient mail service." Postal customers will have a year to make the change before they run the risk of returned mail. For residential customers like Gonzales, it's no big deal. But for businesses forced to change two digits on everything from business cards and envelopes to mailing lists and letterheads, it's not nearly as simple.
Anne Marie Kramer, owner of Zuda Yoga on 19th and O streets, just had about $2,000 worth of fliers and other material printed up for her new business. And just two weeks after opening her doors, she's going to have to change them all. She sighs. Resigns herself to the inevitable.
"I could react to it," she said. "But it's not going to change what's going on." Business owners frequently complain about the hassles of address overhauls, said Kathy Adams, accounting supervisor of Sutter Printing Co., and she's seen the expense that can arise. And though Adams sympathizes with the situation, there's something about this particular dilemma that doesn't have her reaching for the tissues.
"It's a pain, it really is," she said. "I hope they come to us."
Link:
http://www.sacbee.com/city/story/223780.html
There was a time when Mark Gonzales was a 95822 man. It's the ZIP code he grew up with in Land Park, and the postal route that still rolls most easily off his tongue. But nothing lasts forever. When the 41-year-old moved to 11th and S streets, he had to adjust to his new and exciting life as a bearer of the 95814 standard. And now, his world will change again, when on July 1 the U.S. Postal Service debuts Sacramento's newest ZIP code, 95811.
"95811, 95811," Gonzales muttered, giving the new addendum a try. "Well, it's kind of easier to remember."
It's been longer than he can recall since midtown has been the recipient of a new ZIP code, said Augustine Ruiz, spokesman for the USPS Sacramento district. But with the area seeing so much growth and mail carriers and post offices attending to that much more mail, it was time, he said, for a fresh five digits. The new code will incorporate the developing downtown railyard and Richards Boulevard areas, as well as a band a few blocks wide on downtown's southern and western flanks. It's a change that Ruiz says will allow for better service, but one that some customers found a bit odd.
Most ZIP codes comprise large chunks of a city, but from the looks of it, 95811 has got 95814 in a heck of a half nelson, leading some customers to wonder if the post office wasn't making room for future railyard development. "I thought it was goofy," said Bill Senecal, manager of Beer's Books, which will be affected by the change. "It's like a gerrymandering effect." That's not the case, says Ruiz, adding that the post office keeps track of growth but stops short of predicting it.
"It has nothing to do with real estate issues," he said. "It has everything to do with efficient mail service." Postal customers will have a year to make the change before they run the risk of returned mail. For residential customers like Gonzales, it's no big deal. But for businesses forced to change two digits on everything from business cards and envelopes to mailing lists and letterheads, it's not nearly as simple.
Anne Marie Kramer, owner of Zuda Yoga on 19th and O streets, just had about $2,000 worth of fliers and other material printed up for her new business. And just two weeks after opening her doors, she's going to have to change them all. She sighs. Resigns herself to the inevitable.
"I could react to it," she said. "But it's not going to change what's going on." Business owners frequently complain about the hassles of address overhauls, said Kathy Adams, accounting supervisor of Sutter Printing Co., and she's seen the expense that can arise. And though Adams sympathizes with the situation, there's something about this particular dilemma that doesn't have her reaching for the tissues.
"It's a pain, it really is," she said. "I hope they come to us."
Link:
http://www.sacbee.com/city/story/223780.html
Friday, June 22, 2007
Average Length of Time on the Market...
Sellers especially are always asking me what the average length of time a home will sit on the market is...well here is the answer for all of Sacramento County according to Trendgraphix. Keep in mind, these stats are averages, and your home's DOM (days on market) will vary due to many factors like how well it has been priced, the price range the home is in, the neighborhood, etc. You can click on the graph to enlarge it...
Link:
Monday, June 18, 2007
916HomeValues.com
Hello all. I really appreciate all of your email requesting market evaluation of your home(s). Having said that however, it seems that no matter how much detail ya'll include in your requests, some vital piece of information is missing. I have a website where you can fill out an online questionnaire to describe your home that includes all the pertinent information I need to do a complete analysis - http://www.916homevalues.com/.
Because I get so many requests for evaluations, if ya'll would use this website for your inquiries, it would help me a great deal. This way I will not have to send you follow-up emails requesting more information...You would be surprised how many requests I get that do not include info like the property address!...city/zip...number of bedrooms...blah blah blah...
Anyway...you can use that site too if you would like to register to have listings emailed to you...
Thanks!!
Because I get so many requests for evaluations, if ya'll would use this website for your inquiries, it would help me a great deal. This way I will not have to send you follow-up emails requesting more information...You would be surprised how many requests I get that do not include info like the property address!...city/zip...number of bedrooms...blah blah blah...
Anyway...you can use that site too if you would like to register to have listings emailed to you...
Thanks!!
Friday, June 15, 2007
New Listing - 5616 Greenbrae Road, Sacramento / South Land Park Terrace 95822
This wonderful South Land Park Terrace home has been impeccably maintained. It has 3 Bedrooms and 1.5 Bathrooms, 1871 square feet per assessor, a large .21ac corner lot, covered patio area, a separate living room and family room (each with its own fireplace), an updated kitchen with tile counters, spacious bedrooms, hardwood flooring, berber carpet, newer composition roof, central heat & air, 2-car attached garage, and more!
For more photos and detail visit:
Sale is subject to lender approval - please contact me for details at erin@erinattardi.com or 916-342-1372.
Tuesday, June 12, 2007
No Changes to Sacramento Skyline Just yet...
CalPERS buys Saca out of Towers
The California Public Employees' Retirement System has acquired the Towers on Capitol Mall project, the pension fund announced Tuesday. It has reached an agreement with its former partner, developer John Saca, to buy his interest in the project.
Saca notified the pension fund that he did not intend to exercise an option to purchase CalPERS interest in the stalled Towers project.
Just what will be built at the site isn't clear. CalPERS is partnering with its national development partner, CIM Group Inc. of Los Angeles, to develop the site and a plan will be developed over the next 18 months. CIM will first work to resolve outstanding debt, CalPERS spokesman Brad Pacheco said.
Link:
http://www.bizjournals.com/sacramento/stories/2007/06/11/daily15.html?f=et76&hbx=e_du
http://www.sactowers.com/
The California Public Employees' Retirement System has acquired the Towers on Capitol Mall project, the pension fund announced Tuesday. It has reached an agreement with its former partner, developer John Saca, to buy his interest in the project.
Saca notified the pension fund that he did not intend to exercise an option to purchase CalPERS interest in the stalled Towers project.
Just what will be built at the site isn't clear. CalPERS is partnering with its national development partner, CIM Group Inc. of Los Angeles, to develop the site and a plan will be developed over the next 18 months. CIM will first work to resolve outstanding debt, CalPERS spokesman Brad Pacheco said.
Link:
http://www.bizjournals.com/sacramento/stories/2007/06/11/daily15.html?f=et76&hbx=e_du
http://www.sactowers.com/
Monday, June 11, 2007
Housing Bounces Back: Here are the Signs
Several factors suggest that housing is looking better, after a year when a slump has had a hold on not only housing but also economic growth in general.Here are some of the signs that things are starting to look up:
-Sales of new homes soared 16.2 percent in April, the largest monthly gain in 14 years, reaching an annual rate of 981,000.
-Total single-family sales — both new and existing — during the first four months of the year have averaged 5.5 million, about the same pace as in the final four months of last year.
-Through May 25, the four-week average of applications for new mortgages was at its highest level since early 2006, according to data from the Mortgage Bankers Association.
To put the decline into perspective, nationwide home prices are up 29.2 percent over the past three years and 64.3 percent over the past five years. That should be enough to comfort consumers who might be worried about the value of their homes, say Business Week Magazine analysts.
Source: Business Week, James C. Cooper (06/11/07)
Link:
http://www.realtor.org/rmodaily.nsf/f3c66d0c6457c1e1862570af000cb13b/5b1e7cab0400b837862572f4004c9595?OpenDocument
-Sales of new homes soared 16.2 percent in April, the largest monthly gain in 14 years, reaching an annual rate of 981,000.
-Total single-family sales — both new and existing — during the first four months of the year have averaged 5.5 million, about the same pace as in the final four months of last year.
-Through May 25, the four-week average of applications for new mortgages was at its highest level since early 2006, according to data from the Mortgage Bankers Association.
To put the decline into perspective, nationwide home prices are up 29.2 percent over the past three years and 64.3 percent over the past five years. That should be enough to comfort consumers who might be worried about the value of their homes, say Business Week Magazine analysts.
Source: Business Week, James C. Cooper (06/11/07)
Link:
http://www.realtor.org/rmodaily.nsf/f3c66d0c6457c1e1862570af000cb13b/5b1e7cab0400b837862572f4004c9595?OpenDocument
Saturday, June 9, 2007
Ask Erin: Mortgage Fraud...
Ok - so I have to admit...no one really asked me specifically about Mortgage Fraud. Having said that, I get approached by people all the time who have been promised shady things by loan officers, other real estate professionals, get-rich-quick property flipping seminars, and lord only know who else, and they want me to "help" them.
People - I hate to be the one to break this to ya'll, but scams like cash back at the close of escrow, taking excessive credits, falsifying your income, forging documents, having your mentally incompetent grandmother co-sign your loan, etc. are not kosher!
I would be happy to share with you the correct way to transact real estate, and re-align your expectations if you have been misinformed. But please do not ask me to do anything illegal....you are asking the wrong agent! I happen to be very fond of my real estate license!!
Links:
http://www.mortgagefraudblog.com/
http://www.fbi.gov/publications/financial/fcs_report052005/fcs_report052005.htm#d1
People - I hate to be the one to break this to ya'll, but scams like cash back at the close of escrow, taking excessive credits, falsifying your income, forging documents, having your mentally incompetent grandmother co-sign your loan, etc. are not kosher!
I would be happy to share with you the correct way to transact real estate, and re-align your expectations if you have been misinformed. But please do not ask me to do anything illegal....you are asking the wrong agent! I happen to be very fond of my real estate license!!
Links:
http://www.mortgagefraudblog.com/
http://www.fbi.gov/publications/financial/fcs_report052005/fcs_report052005.htm#d1
Thursday, June 7, 2007
Interest Rates...
...are going up!! Lock in your rate now!! They are still really low if you look at the historical range of interest rates...if you bought a house in the 1980's you could expect an interest rate in the 17-18% range!! Yikes!!
Link:
Copyright © 2007 Mortgage-X.com
Source: www.mortgage-x.com
Reprinted with permission
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