Jeff's Blog

Real Estate Agent - Neighborly Realty
Latest news and trends for Real Estate
Hello Neighbors,I attended this month's Finance Forum (meeting) at the Sacramento Association of Realtors branch office.Interesting stuff.A term we've been hearing more and more of recently was discussed..... "Shadow Inventory".What is Shadow Inventory?Homes that are in some sort of Notice of Def...
Hi Neighbors, Making Sense of the Market Today Current Home Inventory (MLS Single Family Detatched homes only) Placer County currently has 2068 homes on the market at the end of September. This is 8 more than last month, and has been a fairly consistent running number throughout 2009.    Of the 2...
Hi Neighbors, When you are purchasing or remodeling a home one of the things to consider is appreciation.  What will the value of my home be in 5 or 10 years?  In the past couple of decades, we've seen some incredible swings.  Overall during the past 7 or more decades home prices have kept pace w...
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Hi Neighbors, Great news today.  Many of our communities have assistance programs for low income household to provide them with various assistance to get a home, however many of these are not funded.  A good example is the city of Roseville's assistance program where there is a minimum of a 1 yea...
Hi Neighbors, I found a link to that has some wonderful pointers on choosing a new home, starting with doing an inventory of what you want out of a home, then finding a neighborhood that matches those requirements. The article starts off by asking about your own family make-up and p...
Hi Neighbors, While the new homebuyer tax credit may be expiring soon, the Energy Tax Credit IS NOT!  You have until December 31, 2010 to get a 30% tax credit, up to $1,500 on installing new energy efficient windows, insulation, air conditioning systems, and more!  AND funds are still available s...
Hi Neighbors, I came across a summary of an article published in the Chicago Tribune talking about short sales.  With about 40% of the inventory in Placer County (with similar stats in surrounding counties) short sales are an important part of our housing market today.  With around 7% of the inve...
Hi Neighbors, An updated tax credit chart has been published by the California Association of Realtors (CAR).  It can be read in full here. First, the California new home tax credit for First Time Home Buyers (FTHB) is no longer available as the funds have run out. Secondly, the US tax credit is ...
Hi Neighbors, Here is a great article about investing using your Self Directed IRA.  The full article can be read here from the San Francisco Chronicle. Key Points: You need to follow IRS rules - for example you can't live in the property The rental income can go directly back to your IRA You nee...

Jeff Engle
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Real Estate in Northern California