Home Price | Solari Group Blog

Monday, April 22, 2019   /   by Nicole Solari

Homeowners: Now Is A Good Time To Sell Your House

Homeowners: Now Is A Good Time To Sell Your House



Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is reflected when broken down by state. Only 11 states have a stable level of seller traffic compared to the remainder of the country, which came in with a weak rating.
As we can see in the following table, the number of people who moved last year is half of what the rate was in the 1980s.

This does not come as a surprise, as tenure length (the number of years someone owns a home before moving again) among existing homeowners has increased. It has risen from an average of 6 years from 1985 to 2008, up to 9.5 years over the last few years. This is shown in the graph below:

As we can see, there is a pent-up seller demand!
What led to this change in beh ...

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  real estate, home ownership, homes for sale, real estate agent, selling, home price, napa valley, solano county, for sale, selling tips, housing market

Wednesday, April 3, 2019   /   by Hayley Baker

Homebuyers Shouldn’t Worry About 2008 All Over Again

Homebuyers Shouldn’t Worry About 2008 All Over Again




Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its possible impact on the housing market.
Two major takeaways from the survey:

42% believe a recession will occur this year or next (another 16% said 2021)
59% believe the housing market would fare the same or worse than it did in 2008

Why all the talk about a recession recently?
Over the last year, four separate surveys have been taken asking when we can expect the next recession to occur:

The Pulsenomics Survey of Market Analysts
The Wall Street Journal Survey of Economists
The Duke University Survey of American CFOs
The National Association of Business Economics

70% of all respondents to the four surveys believe that a recession will occur in 2019 or 2020 with an additional 18% saying 2021. ...

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  real estate, home ownership, homebuyers, homes for sale, buying, selling, finances, first time home buyer, loan, home price, solari team, solari group, market update

Tuesday, March 12, 2019   /   by Hayley Baker

What’s Going On With Bidding Wars?

What’s Going On With Bidding Wars?




In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.
According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase something- in this case, a home.
In some areas of the country, first-time buyers have been met with fierce competition throughout their experience. Some have been out-bid multiple times before finally winning a bid on a home to call their own.
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently a 3.7-month supply of homes for sale.
With the current number of houses listed for sale ...

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  real estate, home ownership, homebuyers, real estate agent, buying, first time home buyer, home price, market update, solano county, napa valley, for sale, market trends, the solari group, home buyer tips, real estate market, home buyer

Tuesday, February 26, 2019   /   by Nicole Solari

WHAT ARE THE BENEFITS OF BECOMING A HOMEOWNER??

WHAT ARE THE BENEFITS OF BECOMING A HOMEOWNER?







 



Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time!


Why is this date important? Homeownership is not just a roof over your head! It represents shelter, stability, wealth, and pride! For decades, homeownership has been an important part of the American Dream!


However, many question if the next generations see the same benefits of homeownership as their predecessors.

In case we have forgotten, some of those benefits are:
Non-Financial Benefits

Educational Achievement: Homeownership has a positive impact on academic achievement, including reading and math performance in children 3-12 years old.
Civic Participation: “Owning a home means owning a part of the neighborhood.” Home ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, first time home buyer, upgrades, investment properties, home price, housing market

Tuesday, February 12, 2019   /   by Nicole Solari

How To List Your Home for the Best Price

How To List Your Home for the Best Price





If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018.
The map below shows the results of the latest index by state.

Real estate is local. Each state appreciates at different levels. The majority of the country saw at least a 2.0% gain in home values, while some residents in North Dakota and Louisiana may have felt prices slow slightly.
This effect will be short lived. In the same report, CoreLogic forecasts that every state in the Union will experience at least 2.0% appreciation, with the majority of the country gaining at least 4.0%! The prediction for the country comes in at 4.6%. For a median-priced home, that translates to over $14,000 in additional equity next year! (The map below shows the forecast b ...

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  real estate, homebuyers, real estate agent, homes for sale, buying, selling, moving, upgrades, investing, real estate team, home price, solari team, selling tips, home seller, interest rates, level up

The Solari Group
Nicole Solari
DRE# 02014153

Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-5400

Napa Location
1700 2nd Street Suite 222
Napa, CA 94559
707-819-9119

IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:June 16, 2019