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CHEAPEST HOME IN ROSEVILLE (01/18/11) – For Sale

Today we used Metrolist to find the most inexpensive home in Roseville. Why? Because we’re curious. We know that other folks would like to know as well. Also, it’s fun to see how Roseville measures up to surrounding areas like Granite Bay, Folsom, Rocklin, Loomis, Citrus Heights, etc. This is the result:

 

 

97K gets you 3 bedrooms, 2 bathrooms, a fireplace and a living room and over a 1,000 square feet! You also get to eat dinner with your family in a dining room and park your car in the (2 car) garage – not bad! According to the listing details, the property has a large backyard and a covered patio and is within walking distance to (Kaseberg) school. Personally, I like the fact that it’s within walking distance to Old town Roseville – possibilities for a cocktail filled evening! How does this home compare to the MOST EXPENSIVE HOME IN ROSEVILLE (12/09/10)? The CHEAPEST HOME IN ROSEVILLE is priced $802,000 less, which means you could buy 8 of these homes for the price of one of those– HA!!!

MOST EXPENSIVE HOME IN ROSEVILLE – For Sale

Today we used our handy real estate tool (Metrolist) to find the most expensive home in Roseville. We’re doing this because we’re curious and we know that other folks would like to know as well. Also, it’s fun to see how Roseville measures up to surrounding areas like Granite Bay, Folsom, Rocklin, Loomis, Citrus Heights, etc.

 

This home is located in Whispering Canyon in East Roseville. Priced at $899,000 you get 5 bedrooms and 4 bathrooms. I like the fact that it has a gameroom with a full bar and kegerator! The pebbletech pool in the backyard looks really cool. I also like the salt water feature for the pool. It overlooks a private greenbelt and bike trail and has an awesome view. Stunning views form all balconies! This property is a really good illustration of the current market in this price range, as it cost over $1.7 million to build in 2005, now reduced to sell for half that at $176/sf. This property is actually the second most expensive in Roseville, but the other home is a short sale, on the market for over 272 days and way over-priced

Best Chilidog in Roseville

Federal Reserve’s Quantitative Easing Policy in a Nutshell

First posted by William Alden First Posted: 11-12-10 04:42 PM 

From the Huffington Post

 

Check out this new video! Two characters discuss the Federal Reserve’s quantitative easing policy, presenting it as a desperate and hopelessly misguided effort to save the world economy (hat tip to Credit Writedowns). The short film, made in Xtranormal and featuring two “pawz” characters, lays out the Fed’s $900 billion asset-purchase plan in simple, if imprecise, terms.

Office Space in Old Town Roseville

After major improvements, Old Town Roseville it is now on its way to becoming a cool place to have a business. Entertainment, history, dining, and affordable rents are at the top of the list when entrepreneurs are asked why they chose to relocate to this area. In addition, the city of Roseville has spent a lot of money improving the aesthetic environment and overall conditions. It now has a hip, newer feel at annual events, like the recent Chili Cook-Off and Hot Pepper Festival. In the upcoming year, developers expect to break ground on a new 4-story residential project that will host roughly 80 units, providing more energy to an area that is already rich with tradition and nuance.

 

Sacramento Investment Properties

What’s fun in/around Roseville?

 Cousin Blake insisted that we open this video with the James Bond Intro…

Roseville Housing Market Impacted by Deception?

This is amazing! This article supports the fact that the general public is being duped. Fraud is happening (Fannie and Freddie, MERS system). And loan servicers have little to no incentive to help homeowners in the midst of a foreclosure (a.k.a. loan modification or short sale). Most people don’t realize that servicers get paid whether the loan is performing or nonperforming, whether a property is in foreclosure or not. These loan servicers conveniently “lose paperwork” and “close the file until the paperwork is resubmitted” over and over again. Combined with the recently announced “robo signer” scandal, I suspect that something is about to hit the fan. Because fabricated evidence doesn’t hold up well in court… well, at least I’ve never seen it work on Judge Judy or The People’s Court with Judge Wapner. We’ll have to wait and see how this affects our Placer County housing market. Might it lead to a rise in values..?

-Dave Roe

 

From The Huffington Post

William Alden First Posted: 09-29-10 05:41 PM   |   Updated: 09-29-10 06:18 PM

Even as August saw more Americans lose their homes to foreclosure than in any other month on record, there are growing concerns over the legality of many of those proceedings.

JPMorgan Chase has suspended legal proceedings on “certain” foreclosures, due to concerns about the validity of the foreclosure documents, a spokesman for the bank told CNBC Wednesday (hat tip to Zero Hedge).

Read More…

Roseville Chili Cook-off in Old Town

The Chili Cook-Off is back in Old Town Roseville. Merchants and the Roseville Moose Lodge are joining together to create this annual event, benefitting Make-a-Wish Foundation of Sacramento in Historic Old Town Roseville. The cook-off features fifteen to twenty-five cookers who must make all preparations on-site within a limited time frame. The activities include live music, family fun, food vendors, and a beer garden in addition to the chili. 

The Loyal Order of Moose is known as the “Family Fraternity” and they strive to have activities for all ages at their events. Be sure to mark your calendars and plan on coming to enjoy a great day in Historic Old Town for a great cause, 11:00-4:00 pm, Sunday, October 6.

Walking Away with Less

Homeowners in Placer County are realizing the same fate as those mentioned in this Washington Post article. Short sales account for roughly 25% of August sales in Placer County according to our MLS findings. Nobody wants to damage their credit, but selling a home at reduced price and getting out of an upside down situation, for many folks, just makes  good business sense.       

- Dave Roe

 

From The Washington Post

By Dina ElBoghdady and Dan Keating
Sunday, September 26, 2010; 4:03 AM

 

 A new wave of distressed home sales is rippling, more quietly this time, through American cities and suburbs.

Its unsettling effects are playing out here in Manassas, along Brewer Creek Place, a modest, horseshoe-shaped street lined with 98 brick townhouses. Several years after the U.S. foreclosure crisis erupted, the U-Hauls are back.

The last time, banks seized nearly every fourth house on the street through foreclosure. This time, homeowners are going another route: a SHORT SALE.

“I love this house, but I just have to leave,” said Leanna Harris, 27, the owner of a corner unit that used to be the builder’s model, with a stone path in the yard and a gourmet kitchen. “I’m at peace with it now.”

The original owner bought the home for $400,714 in 2006; Harris and her husband, both bartenders, paid what seemed to be a bargain price, $289,000, in 2008. But they have fallen behind on their mortgage payments, in part because her husband was out of work. Now they have a $246,000 offer for the home, and the balance on their mortgage is more than that. They want to accept the offer. All they need is their bank’s okay.

That kind of deal is called a short sale, and it’s sweeping the country. In these deals, a lender allows a troubled borrower to sell a home for less than what’s owed on the mortgage.

Completed short sales have more than tripled since 2008, and 400,000 of these deals are projected to close this year, according to mortgage research firm CoreLogic. The giant mortgage financier Fannie Mae approved short sales on 36,534 home loans it owned in the first half of the year, nearly triple the number in 2007 and 2008 combined. Freddie Mac, its sister company, approved 22,117 in the first half of 2010, up from a mere 94 in the first half of 2007.

For Complete Article…

 

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