Hello Neighbors!
Good fun.
Neighborly Realty & Neighborly Financial will be supporting the "Tour de Cure" 100 mile bicycle ride and fund raiser tomorrow, May 1st.
Here is the link:
http://main.diabetes.org/site/TR/TourdeCure/SacramentoArea?pg=entry&fr_id=6898
Neighborly's own Jeff Engle will be driving a support vehicle during the middle of the event!
Visit the web site, come out to the course, and come support the American Diabetes Association!
- Jim
www.NeighborlyRealty.com
www.NeighborlyFinancial.com
www.NeighborlyGroup.com
www.PartnerWithNeighborly.com (check back in Mid May)
Apr 30, 2010
Neighborly Supports the "Tour de Cure" 100 Mile Bike Fund Raiser
Apr 29, 2010
Latest Data is Out - Sales are UP.
Hello Neighbors,
Hopefully this graph of existing home sales will come across well. If not, call me for the data.
What I find amazing is the ratio of homes that have gone PENDING (in escrow) vs. the amount that are on the market. It's gone nuts in the last month or two.
PENDINGs were at a record 2,921 in March - that is several hundred higher than any month since 2008.
While homes on the market have increased at a much slower pace (only 3,963 for the same March measure).
Meaning? There are segments of the market that are absolutely now a "Seller's Market". ...which is how we operated between 2002 - 2005.
Here is the data:
Many thanks,
- Jim
www.NeighborlyGroup.com
www.NeighborlyRealty.com
www.NeighborlyFinancialMortgage.com
www.PartnerWithNeighborly.com
Apr 23, 2010
Approved Short Sale - Buyer Walked !!
Hello Neighbors,
We don't usually use this space for updates about just one listing, but this is a special opportunity.
After months of negotiation, we have short sale approval at $146,400 for an Elk Grove property. ...and the original buyers have walked away!
If needed, a new buyer could likely close in 30 days.
We call this the "sweet spot" of short sales - the lender has approved the terms and conditions (which takes MONTHS) but the original offers have moved on. Now the property is ready for another potential buyer - and that buyer won't have to wait months!
Some basic details:
$35,082 Spent in Installed Builder Options !!!!
• 2 Bedrooms, 2 Separate Bathrooms, and a 1 Car Garage Included !!
• Great Room Concept with Kitchen + Living Room + Nook
• 1,239 Square Feet on this Quiet Second Floor
• Quality DR Horton Construction – Completed in 2007 – with DR Horton’s Ultra-Efficient “Environments for Living” Options, Meaning Very Low Utility Bills
• Outdoor Balcony / Patio for your Barbeque, Table + Chairs
• Upstairs Laundry
• Maple Cabinets, Built In Entertainment Center, and Fireplace!
• Granite Counter Tops in Kitchen
• Pre-Wired for Security Systems
• Upgraded 18” x 18” Tile Flooring Throughout
• Maytag Stainless Steel Appliances
• Upgraded Window Treatments, Including 3.5” Plantation Shutters
• Upgraded Carpet and Carpet Pad
• Maple Stair Rail, and Elegant Wood Framed Stairs
• Additional Storage Fixtures in Garage
• Upgraded Sinks and Faucets, Shower Doors Too!
MLS #10006472
We put a few pictures in Craigslist at this URL: http://sacramento.craigslist.org/reb/1706281642.html
Please let us know if we can help!
Many thanks,
- Jim
www.NeighborlyRealty.com
www.NeighborlyFinancialMortgage.com
www.NeighborlyGroup.com
www.PartnerWithNeighborly.com (Good video content, web site needs work)
Apr 21, 2010
Neighborly Joins Tahoe Sierra Board
Hello Neighbors,
Neighborly joined our 4th Realtor board today, the Tahoe-Sierra board.
If interested, their web site is: http://www.tahoemls.com/index.cfm
Neighborly is now officially part of:
* Placer County Association of Realtors
* Sacramento Association of Realtors
* Nevada County Association of Realtors
* Tahoe Sierra Association of Realtors.
Why?
We have another client who needs better information in the Tahoe area than the "standard" Placer County and Nevada County MLS systems provide. The Tahoe area is on a smaller MLS system than the rest of the nearby counties. They are supposed to list properties in the major MLS systems too, but we are done fighting that battle.
So?
Should you need help with vacation property in Tahoe, or even your primary residence in Tahoe, we now have even better information.
Many thanks,
- Jim
www.NeighborlyRealty.com
www.NeighborlyGroup.com
www.NeighborlyFinancialMortgage.com
www.PartnerWithNeighborly.com (Good video content, but web site in development)
Apr 19, 2010
Win a 5 Bedroom Home in Rocklin !!
Hello Neighbors,
What a fantastic opportunity and for a wonderful cause.
For a $100 entry ticket, your family could win a 5 Bedroom home in Rocklin. Yep. 3,096 square feet. Free. Built by Standard Pacific Homes. The address is already set - 2122 Ranch View Drive in Rocklin's Whitney Ranch.
This is made possible through a St. Jude charity program.
Here is the link: http://www.stjude.org/stjude/v/index.jsp?vgnextoid=2360a4095bd67210VgnVCM1000001e0215acRCRD&vgnextchannel=61d5dc15925b0210VgnVCM1000001e0215acRCRD
The drawing is on June 27th.
Don't act too quickly though - Jenny and I haven't bought our tickets yet!
Good luck.
Please do invite Neighborly to the housewarming party!
More about St. Jude and their children's programs: http://www.stjude.org/stjude/v/index.jsp?vgnextoid=f2bfab46cb118010VgnVCM1000000e2015acRCRD
- Jim
www.NeighborlyGroup.com
www.NeighborlyRealty.com
www.NeighborlyFinancialMortgage.com
www.PartnerWithNeighborly.com (GOOD video content, but website really hurting)
Apr 16, 2010
US Q1 Foreclosure Rates Grew at 35% over Q1 Last Year
Many thanks to Paul Smith for passing this along.
Hello Neighbors,
From Yahoo yesterday.
Disapointing data on the foreclosure rates. Lots of detail below. One point of importance at the very bottom:
>>> California accounted for the biggest slice overall of homes facing foreclosure - roughly 23 percent of the nation's total. One in every 62 properties received a foreclosure filing in the first quarter. <<<
Neighborly has signed up with a Chicago based company to help sell foreclosed homes. We don't have insight yet on timeline on volumes, but watch this space for future updates.
By ALEX VEIGA, AP Real Estate Writer Alex Veiga, Ap Real Estate Writer - Thu Apr 15, 7:32 am ET
LOS ANGELES - A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.
RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009.
More homes were taken over by banks and scheduled for a foreclosure sale than in any quarter going back to at least January 2005, when RealtyTrac began reporting the data, the firm said.
"We're right now on pace to see more than 1 million bank repossessions this year," said Rick Sharga, a RealtyTrac senior vice president.
Foreclosures began to ease last year as banks came under pressure from the Obama administration to modify home loans for troubled borrowers. In addition, some states enacted foreclosure moratoriums in hopes of giving homeowners behind in payments time to catch up. And in many cases, banks have had trouble coping with how to handle the glut of problem loans.
These factors have helped slow the pace of foreclosures, but now that trend appears to be reversing.
"We're finally seeing the banks start to process the inventory that has been in foreclosure, but delayed in processing," Sharga said. "We expect the pace to accelerate as the year goes on."
In all, more than 900,000 households, or one in every 138 homes, received a foreclosure-related notice, RealtyTrac said. The firm based in Irvine, Calif., tracks notices for defaults, scheduled home auctions and home repossessions.
Homeowners continue to fall behind on payments because they've lost their job or seen their mortgage payment rise due to an interest-rate reset. Many are unable to refinance because they now owe more on their loan than their home is worth.
The Obama administration's $75 billion foreclosure prevention program has only been able to help a small fraction of troubled homeowners.
About 231,000 homeowners have completed loan modifications as part of the Obama administration's flagship foreclosure prevention program through March. That's about 21 percent of the 1.2 million borrowers who began the program over the past year.
But another 158,000 homeowners who signed up have dropped out - either because they didn't make payments or failed to return the necessary documents. That's up from about 90,000 just a month earlier.
Last month, the administration expanded the program, launching a plan to reduce the amount some troubled borrowers owe on their home loans and give jobless homeowners a temporary break. But the details of those programs are expected to take months to work out.
The states with the highest foreclosure rates in the first quarter were Nevada, Arizona, Florida and California, with Nevada leading the pack, RealtyTrac said.
Rising home prices and speculation fueled a wave of home construction there during the housing boom. But now the state, particularly around the Las Vegas metropolitan area, is saddled with a glut of unsold homes.
Still, the number of homes in Nevada that received a foreclosure filing dropped 16 percent from the first quarter last year.
All told, one in every 33 homes in Nevada was facing foreclosure, more than four times the national average, RealtyTrac said.
Foreclosure filings rose on an annual and quarterly basis in Arizona, however.
One in every 49 homes there received a foreclosure-related notice during the quarter.
Florida, meanwhile, posted the third-highest foreclosure rate with one out of every 57 properties receiving a foreclosure filing.
California accounted for the biggest slice overall of homes facing foreclosure - roughly 23 percent of the nation's total. One in every 62 properties received a foreclosure filing in the first quarter.
Thanks again Yahoo.
- Jim
www.NeighborlyGroup.com
www.NeighborlyFinancialMortgage.com
www.NeighborlyRealty.com
www.PartnerWithNeighborly.com (GOOD video content, yet the site is still a mess)
Apr 14, 2010
Rocklin Hosts "KidFest" on May 16th
Hello Neighbors!
Join us this May 16th from Noon to 4:00 at Rocklin's "KidFest"!
http://kidsfestnorcal.com/
For young families, this should be a kick. Not only are there tons of kid and family friendly vendors, but there will be activities for the kids... You can even register for a mini-triathlon.
See you there!
- Jim
www.NeighborlyGroup.com
www.NeighborlyRealty.com
www.NeighborlyFinancialMortgage.com
www.PartnerWithNeighborly.com (early in development)
Apr 7, 2010
Neighborly Becomes Realtor.com Preferred Supplier
Hello Neighbors,
Exciting times indeed.
Neighborly has partnered with Realtor.com (www.Realtor.com) to help California Buyers searching in Granite Bay and Rocklin!
Realtor.com is the #1 search engine used for Real Estate in the United States. Not a bad partner to have!
Click on these links below to try the Realtor.com "Search Assist" program now:
Granite Bay:
http://www.realtor.com/#searchassist&loc=95746&advid=844067
Rocklin:
http://www.realtor.com/#searchassist&loc=95677&advid=844067
http://www.realtor.com/#searchassist&loc=95765&advid=844067
Please let us know how we can help you and your families.
Enjoy!
- Jim
www.NeighborlyGroup.com
www.NeighborlyRealty.com
www.NeighborlyFinancialMortgage.com
www.PartnerWithNeighborly (EARLY in Development)
Apr 2, 2010
Interest Rates are Moving Up!
Hello Neighbors,
March 31st was the last day of the Federal program to buy mortgage backed securities. That is the program that has been removing the bad loan debt from the market at an enormous rate. It’s been going for well over a year now, and we know it’s been keeping mortgage interest rates artificially low.
Yesterday was the first day without this program in effect, and guess what?
We are already seeing rates jump. Yesterday they went up a quarter of a point.
Overnight? Some rates aren’t even available now. A few days ago, a client could buy down a rate to the low 4 percents. Now? We can’t even get access to those low 4 percent rates. Buying down will get you into the mid or high 4 percents.
Hmm.
While movement on any day is expected, the move by the Fed in general is signaling that interest rates are going up.
While we have all expected this, to what degree they will change (go up) is anyone’s guess.
Buyers? Be alert.
Re-financing? Get busy.
Many thanks,
- Jim
www.NeighborlyFinancialMortgage.com
www.NeighborlyGroup.com
www.NeighborlyRealty.com
www.PartnerWithNeighborly.com
Apr 1, 2010
3rd Neighborly Business Under Way!
Hello Neighbors,
Exciting times here at Neighborly!
The real estate company has been up and running since 2002.
The mortgage loan company has been up and running since 2007.
It's time to start something new!
In a few days we launch the new "Neighborly Gas & Sip"! Yep, a convenience store that is truly Neighborly. High quality gasoline, high quality slurpees. Tasty salted snack treats. We'll have a lotto kiosk sitting next to a Neighborly Financial loan officer. Win the big draw, and immediately finance your castle.
The first location will open in Roseville in The Fountains.
Branches two and three will be in Des Moines, Iowa and Puerto Rico.
Enjoy.
- Jim
www.NeighborlyGroup.com
www.NeighborlyRealty.com
www.NeighborlyFinancialMortgage.com
www.PartnerWithNeighborly.com
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