Jeff's Blog

Real Estate Agent - Neighborly Realty
Latest news and trends for Real Estate
Making Sense of the Market Today August 2nd, 2010 This time around, let's look at some basic trends to see where the Placer County Real Estate market is now that we have an economy teetering on recovery. One of the most basic weather vanes is to look at Absorption Rate. That is the percent of hom...
Linux for Realtors? A few days ago I went to a local Linux User Group (LUG) meeting at the library here in Lincoln, California. While I had used Linux several years ago when I worked at an electronics company, I have not kept up to date on the technology but rather sticking with Windows Vista for...
Hello Neighbors,Fun news. Neighborly is now partnered with several different large companies in Northern California and the Bay Area. Most are tech companies, which happily takes us back to our previous lives... Neighborly has been working for several months to get these relationships in place, a...
Strategic Defaulters May Not Buy Again Soon After the much publicized article in the LA Times where the author encouraged individuals to 'walk away from their home' this is an important note about the impact of this action. Here is an excerpt from CNN via Realtor Magazine: How long will it be bef...
 Strategic Defaults, Borrowers Walking Away, Homes in Foreclosure  Hello Neighbors,  60 minutes did a story last night on something we see in this business on a daily basis.  "Strategic Defaults".  When a home owner CAN afford their mortgage, but they decide to walk away from their home and let i...
This just in from our friend Chris Altobell with Farmers Insurance.  It looks like buyers in Natomas may have a few extra hiccups:  Hi Jim,  The National Flood Insurance Program has been suspended; meaning new flood policies cannot be issued.  This will likely have an impact on your clients looki...
Latest Data is Out - Sales are UP.   Escrow Rates Shoot Up, PENDINGs Increase, PENDING Home Sales     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)...
Win a 5 Bedroom Home in Rocklin !! St Jude Dream House Contest, Free House in Rocklin, Free 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 ...
2009 Placer County Single Family Detached Home Market Recap 2009 showed single family detached home prices stabilizing with less than a 1% increase of home prices between the first half and second half with the average sale price moving from $335,398 to $337,672 based on the sale of 2,867 sales ...

Jeff Engle
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Real Estate in Northern California