Before & After...

Well the June stats just came out...total inventory keeps climbing. I thought it might be fun to take a trip down memory lane by showing the current inventory stats as compared with stats June 2004.

Behold! The top chart shows inventory from April 2003 - June 2004...a seller dominated market.

The bottom chart shows inventory from April 2006 - June 2007...a buyer dominated market. If you click on the charts, you can see enlarged versions.

Sellers...do NOT overprice your homes!! Buyers have a lot of choices.

Source:

http://www.trendgraphix.com/

http://www.sacrealtor.org/

Sacramento County Crime Mapping Tool

If you live in Sacramento County, or are interested in living in the County jurisdiction, you might be interested to check out the Sacramento County Sheriff Department's crime mapping tool. You can search an entire zip code, a radius around an address, near a park, etc. Little icons are used to represent different types of crimes, and you can search back as far as 90 days. Pretty interesting...

Link:
http://crimemap.sacsheriff.com/cvc/wizard.asp

Home site with a history

A single-family home is proposed at the site of the former governor's mansion in Carmichael. The house would occupy 0.4 acres on the 11-acre site near Ancil Hoffman Golf Course. Owner Sigmund Zygelman, a Sacramento businessman, said he plans to live in the two-story home with his family and chose the site because of its location.

"It's a very nice, quiet area," Zygelman said. The state bought the site in 1970 to build the official residence of the governor. The site, at the southeast end of California and Oak avenues, eventually became known as "La Casa de los Gobernadores," even though no governor ever lived there. In 1984, the state sold the property to Carmichael developer Matt Franich, who subdivided the property into several lots.

The sprawling former governor's mansion and a single-family home occupy the site. County planning officials also approved two other single-family homes, which have not been built. Zygelman purchased the property in December and submitted his application in March. The project requires the Board of Supervisors' approval. It will go before the Carmichael-Old Foothill Farms Community Council in September or October for recommendations, said Ione DeMorales, a county planner. She said a staff report should be ready by the end of July. Jacob Mesika, Zygelman's builder, said the new house would be about 5,000 square feet. It would be constructed in a French country style, with earth-tone colors and an acrylic stucco exterior to conform to zoning for the area, he said. The project cost is estimated at $1 million. Like many, Zygelman says he is amused by the name and history of the site.

The governor's mansion in Carmichael was built in the mid- 1970s for Gov. Ronald Reagan, who left office during its construction. His successor, Jerry Brown, refused to live there. Some residents say the site isn't convenient, since it is about 10 miles from the Capitol. "For whatever reason, no governor has ever lived there, so I do find that kind of amusing," Zygelman said.

Link:
http://www.sacbee.com/arden/story/255237.html

New Listing - 2708 17th Street, Sacramento / Land Park 95818

This is the nicest home in this price range in Land Park! Gorgeous remodeled home! This tastefully done 3 bedroom, 2 bathroom home was renovated with permits by licensed contractors, and is a perfect combination of old world charm and new amenities.
Step inside to find beatifully refinished hardwood floors, a cozy living room with a warm fireplace, recessed lighting, and many windows letting in lots of natural sunlight. The kitchen boasts new white cabinets, complete with wine racks and decorative shelving, stainless appliances, a dramatic vent hood over the gas range, granite counters, recessed and under cabinet lighting and more. In conjunction with the dining room, this house is perfect for entertaining or family gatherings!

The master bedroom is a quiet retreat, with a ceiling fan, recessed lighting, and door to the private backyard. The master bathroom has a large, stunning dual-head travertine shower - you must see it to believe it! The guest bathroom has a very nice travertine tub/shower combo, pedestal sink, and extra storage cabinets. The two guest bedrooms have ceiling fans and large closets. The backyard has a cute covered awning, perfect for BBQ's or relaxing.

This home also has an oversized one-car detached garage, a .09 acre lot, 3 bedrooms, and 2 full bathrooms. It is offered at $499,000.

For more photos and detail visit http://erin.golyon.com/listings.html or http://www.2708-17thstreet.com/

For a private showing, please contact Erin Attardi at 916-342-1372.

Rates on 30-year mortgages sink

Rates on 30-year mortgages sank this week to a one-month low, while rates on most other mortgages also fell, good news to prospective home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.63 percent. That was down from last week's 6.67 percent rate and was the lowest since early June, when rates stood at 6.53 percent.

The moderation is welcome for people in the market to buy a home. In mid-June, rates on 30-year mortgages climbed to 6.74 percent, an 11-month high.

Rates on many mortgages have ebbed in recent weeks as investors' fears about an inflation have eased. "Long-term mortgage rates continued to move lower for a third consecutive week, in part reflecting a moderation in core inflation," which excludes food and energy prices, said Frank Nothaft, Freddie Mac's chief economist.

The Federal Reserve in deciding to hold a key interest rate steady last week noted that some readings on core inflation have improved. The Fed's key rate has been at 5.25 percent for a year, offering borrowers a period of steadiness. Some other mortgage rates tracked by Freddie Mac also showed declines this week. Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, fell to 6.30 percent from 6.34 percent last week. And, rates on five-year adjustable-rate mortgages averaged 6.29 percent, down slightly from last week's 6.30 percent.
However, rates on one-year adjustable-rate mortgages rose to 5.71 percent this week, compared with 5.65 percent last week.

The mortgage rates do not include add-on fees known as points. All mortgage types each carried a nationwide average fee of 0.4 point last week. A year ago, rates on 30-year mortgages stood at 6.79 percent, 15-year mortgages were at 6.44 percent, five-year adjustable-rate mortgages averaged 6.39 percent and one-year ARMs were at 5.82 percent. After a five-year boom, the housing market fell into a slump last year. Sales turned weak as did home prices. The slump is expected to drag on probably through the rest of this year.

Link:
http://www.sacbee.com/845/story/257676.html

New Listing - 2757 Land Park Drive, Sacramento / Land Park 95818

Their loss is your gain! Must sacrifice this wonderful home - all offers will be considered! This could be an incredible opportunity for the right buyer. This home appraised at $795k just months ago. 3 Bedrooms / 2 Bathrooms, 1848sf per assessor + basement. It has a newer roof, newer electrical, central heat & air, kitchen was remodeled in 2004, 2-car attached garage, basement, nice patio & yard, etc. Please feel free to call or email me. Showings must be arranged with me directly. This property will not be published on the MLS. 3% Buyer's agent commission. Do not disturb the occupants.

See all my listings at http://erin.golyon.com/listings.html

Erin Attardi, Realtor

Lyon Real Estate

erin@erinattardi.com

Tel 916-342-1372

http://www.erinattardi.com/

Local July 4th Activities

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.

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