Download Yuba City Real Estate Guide with this Weekend’s Open Houses
Here is the latest Yuba City Real Estate Guide featuring this weekends Open Houses and newest listings. You can download it now or wait to see in the Appeal Democrat tomorrow. Hope you will come out to all our open houses- rain or shine.
click to download: Yuba City Real Estate Guide – February 2011
New Visitors Guide for Yuba-Sutter
If you are new to the Yuba City, CA area or plan on moving to a Yuba-Sutter community download this vistors guide to find information on things to do, places to go, dining and community events.
Yuba City Area Luxury Homes for Sale – January 2011
This weeks post features the luxury home market in the Yuba City area. Why post about the luxury market? Well, these homes have become very affordable. Homes that would of sold for over a million dollars are now down to three quarters to half a million dollars. Many of these homes come with acreage, pool houses, producing ag ground, and large expansive homes.
Click here to download PDF of luxury homes in Yuba City.
To preview this property or any on the list contact Coldwell Banker Heritage House at info@yubasuttercahomes.com or call 530.674.0504.
Visit www.YubaSutterCAHomes.com
10 Reasons to Buy a Home
Why is now a great time to buy?
Here are 10 reasons:
1. You can get a good deal. Prices are down 30 percent on average. They’re at a level that makes sense for people’s income.
2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.
3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.
4. It’ll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?
5. You can get a better home. In some markets, it’s simply the case that the nicest places are for-sale homes and condos.
6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.
7. It’s risk capital. If the economy picks up, you stand to benefit from that, even if you’re goal is just to have a nice place to live.
8. It’s forced savings. A part of your payment each month goes to equity.
9. There is a lot to choose from. There are some 4 million homes available today, about a year’s supply. Now’s the time to find something you like and get it.
10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.
Source: Wall Street Journal, Brett Arends (9/16/10)
The Good News About Rising Mortgage Rates
Rising mortgage rates may seem like the last thing the economy needs right now. Then again, they may prove a tonic.
One indication of whether that may be the case will be the coming weekly tallies of mortgage-application activity from the Mortgage Bankers Association. While Wednesday’s release might not yet reflect the sudden, recent turn in bond yields, the data could soon show if the prospect of higher mortgage rates spurs consumers to buy homes.
So far, home buyers haven’t been that tempted by an average 30-year, fixed mortgage rate that hit 4.32% as of Thursday, according to Freddie Mac. Most of the action has been among existing homeowners looking to refinance their mortgages.
One reason buyers have possibly remained hesitant is that there is little reason to act if rates may fall even further, a classic deflationary mind-set.
That psychology may change. Bond yields have perked up after some mildly encouraging U.S. economic reports, notably Friday’s report that private-sector hiring continued its eighth consecutive month of gains in August. In response, prices for the benchmark 10-year Treasury note fell for a second straight week as investors regained a stomach for riskier assets. That sent the note’s yield, which moves inversely to its price, to about 2.7% on Friday from about 2.45% just days before.
That is a big move by Treasury-market standards. And its impact will be felt almost immediately in mortgage rates, which tend to move in lock-step. Mortgage rates have tumbled in recent months as fears of a “double-dip” recession have pushed Treasury yields down sharply.
An increase in mortgage rates now may worry Federal Reserve policy makers, who are trying to push rates lower in an effort to stimulate economic and housing activity. Some Fed watchers, including IHS Global Insight economist Brian Bethune, expect Fed policy makers will unveil more policy-easing measures at their next meeting on Sept. 21, since their target lending rate is already near zero. “They can’t afford to take the risk that home prices start to fall again,” says Mr. Bethune.
But the Fed is unlikely to be so hasty. And if the possibility of higher rates starts pushing more people to buy homes, that risk may be something the Fed can live with.
From Wall Street Journal
