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Taxes | Solari Group Blog

Thursday, September 6, 2018   /   by Nicole Solari

What Does the Future Hold for Home Prices?

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash?


Let’s try to answer these questions based on what has happened in the past as well as what we know about the current real estate market.


The Impact of Rising Interest Rates


We explained earlier this year that rising mortgage rates have not negatively impacted home prices in the past and probably wouldn’t this time either. Freddie Mac’s comments were very direct:




“In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home pr ...

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  real estate, home ownership, homebuyers, real estate agent, buying, taxes, mortgage, home buyer tips, home seller

Tuesday, September 4, 2018   /   by Nicole Solari

Rents are on the Rise: Don't Get Caught in the Rental Trap!

There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage.


Don’t Become Trapped 


A recent article by Apartment List addressed rising rents by stating:




“Our national rent index is up 0.1 percent month-over-month, marking the sixth straight month of increasing rents. Year-over-year growth now stands at 1.2 percent.”



The article continues, explaining that:




“Rents increased month-over-month in 62 of the nation’s 100 largest cities, down significantly from the 85 cities that saw rents rise last month. That said, rents are still up year-over-year in most of the nation’s largest markets — 77 of the 100 largest cities have seen rents increase over the past twelve months.”



Additionally, Urban Land Magazine explained that ...

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  real estate, home ownership, homebuyers, homes for sale, buying, realtor, selling, finances, first time home buyer, moving, credit score, taxes, the solari group

Thursday, August 30, 2018   /   by Nicole Solari

Why Are Existing Home Sales Down?

The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is down, and wages are beginning to rise. This begs the question: “Where are the buyers?”


Actually, agents in the field of most communities are still seeing strong desire from prospective purchasers. They have a list of potential buyers ready to go if the right houses come on the market and they claim it is not a shortage of demand, but is instead a shortage of inventory that is causing the market to soften.


Why is there a shortage of inventory?


You only need to look at the graph below to understand:





New construction sales over the last ten years are far below historic numbers from 1995-2002. ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, selling, investing, investment properties, property taxes, mortgage, the solari group

Thursday, August 23, 2018   /   by Nicole Solari

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:





There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros






About 14% of all listings had a price cut in June






Since the beginning of the year, the share of listings with a price cut increased 1.2%






This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year





Senior Economist Aaron Terrazas further explained:




“A rising share of on-market listings are seeing price cuts, though these price cuts are concentrated at the most expensive price-points and primarily in markets that have seen outsized price gains in recent years.”



What this DOESN’T MEAN for the real estate market…


This doesn’t mean home v ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, selling, home inspection, property taxes, escrow, selling tips, solano county, solari group, staging, for sale by owner

Tuesday, August 7, 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

The Solari Group
Nicole Solari
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-9057
DRE# 02045526
Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-759-7679

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:February 16, 2019
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