Elk Grove Real Estate Information – What’s My Elk Grove Home Worth? Keller Williams Realty Elk Grove, CA – Rigley Realty Group

whats my elk grove home worth - mike rigley 916.396.7487Elk Grove Keller Williams Realtor and Top Elk Grove Real Estate Agents Mike & Jennifer Rigley here bringing you the latest Elk Grove Real Estate Information. Thank you for joining us. To get a better idea of what your home is worth call us today at 916.660.5823 or log on to www.TodaysHomeValues.info for your free estimate.

Today let’s talk about the Real Estate Market. From keeping current matters, our latest real estate information reveals that sales decreased 1.8 percent in August. Many might start to panic, but let’s see what the report really shows.Lawrence Yun, NAR chief economist explains “there was a marked decline in all cash sales from investors. On the positive side, first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country.”

There is Still A LOT of Good News:

  • The median existing-home price for all housing types in August was $219,800, which is 4.8 percent above August 2013. This marks the 30th consecutive month of year-over-year price gains.
  • 40% of homes sold in August were on the market for less than a month.
  • Distressed home sales remain at single digits for the second straight month, at 8%, down from 12% last year this time.
  • More buyers qualified for mortgages to purchase a home in August, as evidenced by the decline in the number of all cash buyers from 29% to 23%.

New Home Sales Surge:

Newly built single-family home sales surged 18% in August, the highest level in six years according to new data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

The Experts Agree:

“This robust level of new-home sales activity is a good sign that the housing recovery is moving towards higher ground,” said NAHB Chief Economist David Crowe. “Historically low mortgage rates, attractive home prices and firming job and economic growth should keep the housing market moving forward in 2014.”

Yun adds, “As long as solid job growth continues, wages should eventually pick up to steadily improve purchasing power and help fully release the pent-up demand for buying.”

Bottom Line

Now is still a great time to buy a home, whether as a first time homebuyer or you’re moving up to the home of your dreams, don’t let the headlines scare you from making the best decision for your family.

To stay up to date on the latest Real Estate information, Market Trends, Options and Solutions to Foreclosure and Short Sale information log on to www.RigleyRealtyGroup.com

Looking for a top Elk Grove Keller Williams Realty Agent?

-Mike and Jennifer Rigley have been ranked #145 worldwide for all Keller Williams Agents.

-Ranked #1 for total unit production for all of Northern California Keller Williams Teams and,

-Have the best team approach for maximum client satisfaction

What’s my Elk Grove Home Worth? Call us today at 916-660-5823 for a free no obligation consultation or log on towww.TodaysHomeValues.info to find out. Call us today – you’ll be glad you did.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

You must be logged in to post a comment.