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Here’s an excerpt from one of the paragraphs about the history of what’s happened in the real estate market in Stockton, CA.  Detailed information on home sales appreciation rates, etc.  It’s an interesting chart of what’s happened year by year…

The highest annual home appreciation rate in the Stockton Real Estate Market was 32% in the twelve months ended with the 2nd Quarter of 2005. The worst annual home appreciation rate in the Stockton Market was -38% in the twelve months ended with the 3rd Quarter of 2008.

“The highest home appreciation in the Stockton Real Estate Market over a three
year period was 75% in the three years ended with the 4th Quarter of 2005.
The worst home appreciation over a three year period in the Stockton Market
was -54% in the three years ended with the 3rd Quarter of 2009.”

You can read the complete information HERE – Stockton Real Estate.

Here’s another link to an article about Why Real Estate Should Be In Your Portfolio.

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Summer brings with it abundant sunshine, fresh foods and fun activities which is why the season inspires many people to be happy and healthy.

Chelsie Hightower, the Emmy-nominated professional dancer from the hit show “Dancing with the Stars,” has put together some healthy lifestyle tips:

1. Make healthy meal choices. “I personally love sushi. Fish and vegetables are essential for my weekly protein, and it’s even healthier with brown rice,” says Hightower.

2. Hop in a steam bath. After working out, steam helps relax sore muscles and boost your immune system.

3. Use summer as a reason to try new activities. Take hikes, go swimming, or learn yoga.

4. Keep a food journal. Once you see everything you eat written down in front of you, it’s easier to make more realistic goals and changes.

5. Dance to your own beat. Realize that no two body types are the same and what works on others won’t necessary work for you.

6. Make healthy food more interesting with unique and delicious recipes. ”I enjoy finding recipes online and then trying them at home. Old London has some great recipes on their Facebook page,” Hightower says.

And while you’re out enjoying the nice weather, don’t hesitate to contact us here at Realty World Premier Associates if you’d like to do some summer-time home shopping as well.  Many home prices in the Lodi, Stockton and surrounding Central Valley areas are making mortgage payments even lower than what you’re paying for rent right now.

There will be a carnival, petting zoo, reptile exhibit, many area businesses on display, concerts, fair food, art show, etc., etc.. 

You’ll want to come early and stay late, and enjoy everything that the Lodi Grape Festival has to offer.  Advanced purchase of tickets is recommended if you don’t want to stand in line to enter.

For more information on the Lodi Grape Festival regarding it’s location, hours it’s open, etc. then CLICK HERE.

What will the festival do for the local real estate market?  I’m hopeful that the people attending the festival from out of the area will see what a wonderful community we have here in Lodi, CA, and perhaps consider moving to Lodi and maybe even buying one of the many homes for sale here in town.  There are great deals on Short Sales and REO foreclosures in Lodi as well as Stockton, Galt, Lockeford, and surrounding areas.  The market is all about supply and demand.  We have a good supply and some areas are in high demand.

Make it a great day and week!

Randy

Again – we are looking at one hand not knowing what the other hand is doing. We are making progress and I am hopeful that we will get a decision from Chase this month to accept the great offer that we have on the property.

Stay tuned – and I will update you more tomorrow.

First American CoreLogic reports that distressed properties accounted for 29% of all U.S. home sales in January. Also, real estate-owned sales rose to 22% of homes sales from 19% in December, and short sales rose to 8% from 7%.

National average sale prices in January were $161,600 for distressed homes, compared to the average non-distressed sale price of $247,700, $141,900 for REO properties, and $215,300 for short sales.

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• Distressed Sales Reach 29% of Entire Market: First American (housingwire.com)

We all know that the Lodi, CA and Stockton, CA area property values have been affected by the current real estate market due to all the foreclosures and short sales.  How the upcoming wave of foreclosures and short sales will impact home prices in our area is something that is being reported on daily basis now.

The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize.

For the rest of this interesting article… CLICK HERE

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• Shadow Housing Inventory Still Looming (seekingalpha.com)

Here are a couple of lists that show the monthly numbers in sales and pricing differences during 2008 compared to 2009 for the cities of Lodi, Galt and Stockton.

Market Data for 2008 - 2009

Average home prices sold 2008 - 2009

Most people, especially those that are in the market for buying a home, are familiar with the term “REO”.  This stands for Real Estate Owned.  That is, owned by the bank.  A foreclosure.

It seems that if you’re out there trying to find your Dream Home that you’re basically trying to find your Dream Foreclosure.  Depending on what city you live in, and even what neighborhood you’re searching in, sometimes the only choices you may have are to buy a REO.  Such is the case in Stockton, CA.

Homes for sale that are occupied by the owner are either priced too high, because the owner owes too much on the mortgage and thinks they might be able to find that Home Buyer looking just for their home, or once they realize they can’t sell it for the higher price and need to sell at market value, they’ll have what is known as a Short Sale.

Short Sales are when a homeowner is selling their home for less than what they owe on it.  They are “short” on their mortgage balance, thus the name Short Sale.

There are plenty of Short Sales out there too, and even more coming onto the market, but if your Realtor® doesn’t have any experience in working with Short Sales, then it could be a long and grueling process for everyone involved. There are a lot of buyers and agents that stay away from Short Sales altogether for this reason alone.

At least with a Short Sale over a REO, you have a seller that can disclose to you the necessary important facts about the property where the bank wouldn’t be able to do so with a REO since the bank has no personal knowledge about the home.  Frankly, they’ve never lived in it.

There are many caveats to purchasing real estate and specifically bank-owned real estate, so the main thing to remember is to ALWAYS get a professional home inspection.  Do this for any type of home purchase, but most definitely a REO.  You don’t know what you’re buying, and the bank is exempt from filling out most disclosures that would protect you, the home-buyer.

With all of that said, there are a lot of really good deals to be found right now with purchasing real estate.  Whether it be a REO, Short Sale, or even good ol’ fashioned traditional sale, just due your due diligence and pull in helpful resources of a Realtor®, a good mortgage lender, and the services of a professional home inspector.  The less headaches and stress you experience by doing everything on your own will be appreciated when all the dust settles.

Source: NAR

Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states, and price declines have increased affordability in most metro areas, according the latest survey by the NATIONAL ASSOCIATION OF REALTORS®.

Total state existing-home sales, including single-family and condo properties, rose 3.8 percent to a seasonally adjusted annual rate of…

CLICK HERE for complete story.