Open House | Solari Group Blog

Tuesday, November 06, 2018   /   by Nicole Solari

How Will Home Sales Measure Up Next Year?

There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources:
Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.
The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.
Freddie Mac – An organization which provides liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.
Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets.
Here are their projections:

Bottom Line
Every source sees home sales growing next year. Fo ...

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  real estate, home ownership, real estate agent, homes for sale, realtor, selling, finances, open house, solari team, solari group, napa valley, market update, solano county

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

Friday, August 17, 2018   /   by Nicole Solari

Housing Market: Another Gigantic Difference Between 2008 and 2018!

Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis.


However, there is a major difference between the two markets. Last decade, while demand was being artificially created by extremely loose lending standards, a tremendous amount of inventory was coming to the market to satisfy that demand. Below is a graph of the inventory of homes available for sale leading up to the 2008 crash.





A normal market should have approximately 6 months supply of housing inventory. As we can see, that number jumped to over 11 months supply leading up to the housing crisis. When questionable mortgage practices ceased, and demand dried up, there was a glut of inventory on the market which caused prices to drop as there was too much supply and not enou ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, finances, open house, invest, solari group

Tuesday, August 07, 2018   /   by Nicole Solari

The Number 1 Reason to Put Your Home on the Market TODAY!

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true.


The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.


NAR’s Chief Economist Lawrence Yun had this to say,




“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, open house, property taxes, mortgage, mortgage rates

Tuesday, June 26, 2018   /   by Nicole Solari

Are You Wondering If You Could Buy Your First Home?

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and still, some others might think their current incomes would never enable them to qualify for a mortgage.
We want to share what the typical first-time homebuyer actually looks like based on the National Association of Realtors’ most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first-time buyer:

Bottom Line
You may not be much different than many people who have already purchased their first homes. Meet with a local real estate professional who can help you determine if your dream home is within your grasp today.

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, selling, finances, open house, decor, selling tips, team

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:April 21, 2019
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