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  • Solari Group Blog

    Tuesday, October 09, 2018   /   by Nicole Solari

    Are We About to Enter a Buyer' Market?

    Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?
    The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:
    Dr. Svenja Gudell, Zillow Chief Economist:

    “These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and home values are starting to grow at a less frenetic pace.”

    Danielle Hale, Chief Economist of realtor.com:

    “The signs are pointing to a market that’s shifting ...

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      real estate, home ownership, realtor, selling, solari group, economics, market trends, housing market

    Tuesday, October 02, 2018   /   by Nicole Solari

    Where Are Mortgage Interest Rates Headed in 2019?

    The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.


    Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year.





    How Will This Impact Your Mortgage Payment?


    Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.


    According to CoreLogic’s latest Home Price Index, national home prices have appreciated 6.2% from this time last year and are predicted to be 5.1% higher next year.


    If both the predictions of home price and interest rate increases become a reality, families wou ...

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      real estate, home ownership, homes for sale, investing, market update, solari group, economics

    Thursday, September 20, 2018   /   by Nicole Solari

    Is the Real Estate Market Finally Getting Back to Normal?

    The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey:


    After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From March 2012 to today, the market has been recovering with values appreciating 6.2% annually.


    These wild swings in values were caused by abnormal ratios between the available supply of inventory and buyer demand in the market. In a normal market, there would be a 6-month supply of housing inventory.


    When the market hit its peak in 2007, homeowners and builders were trying to take advantage of a market that was fueled by an “irrational exuberance.”


    Inventory levels grew to 7+ months. With that many homes available for sale, there weren’t enough buyers to satisfy the nu ...

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      real estate, home ownership, homebuyers, real estate agent, open house, investing, investment properties, mortgage rates, market update, solari group

    Wednesday, September 19, 2018   /   by Nicole Solari

    Why Fall is the Perfect Time to Buy a Home....

    Here are four great reasons to consider buying a home today instead of waiting.


    1. Prices Will Continue to Rise
    CoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% over the next year.
    Home values will continue to appreciate for years. Waiting no longer makes sense.
    2. Mortgage Interest Rates Are Projected to Increase
    Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have already increased by half of a percentage point, to around 4.5% in 2018. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by half a percentage point to around 5.1% by this time next year.
    An incr ...

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      real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, real estate market

    Thursday, September 13, 2018   /   by Nicole Solari

    Are Homebuyers Starting to Hit the Pause Button?

    For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012.





    With this being said, three of the four major reports used to measure buyer activity have revealed that purchasing demand may be softening. Here are the four indices, how they measure demand (methodology), what their latest reports said, and a quick synopsis of the report.



    The Foot Traffic Reportby the National Association of Realtors




    Methodology: Every month SentriLock, LLC provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trend ...

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      real estate, home ownership, homebuyers, homes for sale, buying, realtor, solari group, economics, real estate market