Solari Group Real Estate News Blog

Friday, February 21, 2020   /   by Nicole Solari

Interest Rates Over Time [INFOGRAPHIC]

Some Highlights:

With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.

Read More


  real estate, homebuyers, real estate agent, realtor, finances, investing, home price, interest

Thursday, February 20, 2020   /   by Nicole Solari

The #1 Misconception in the Homebuying Process

After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article:

 “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned out to be a short-lived mirage as buyers came back into the market and more than erased the inventory gains. As a natural reaction, the recent slowdown in home values looks like it’s set to reverse back.”

CoreLogic, in their January 2020 Market Pulse Report, agrees with Olsen, projecting home value appreciation in all fifty states this year. Here’s the breakdown:


21 states appreciating 5% or more




26 states appreciating between 3-5%




Only 3 states appreciating less than 3%


The Misconception
Many believe when real estate values are increasing, o ...

Read More


  real estate, home ownership, homebuyers, homes for sale, buying, finances, first time home buyer, first time home buyers

Tuesday, February 18, 2020   /   by Nicole Solari

How Trusted Professionals Make Homebuying Easier to Understand

In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help ease those concerns and make the process to homeownership much easier to understand.


A recent survey conducted by Ipson and Freddie Mac reveals the confidence level of Gen Z and Millennial buyers regarding the homebuying process. The graph below shows the breakdown of the top results, clearly indicating there’s a significant portion of younger buyers who are not yet confident with some of the steps in the homebuying process.Between the homebuying process and the mortgage process, there are 230 possible steps in the transaction. With trusted professionals on your si ...

Read More


  real estate, home ownership, homebuyers, real estate agent, buying, realtor, finances, first time home buyer, gen z, millennials

Friday, February 14, 2020   /   by Nicole Solari

The Most Loved Home Features in the U.S.

Which feature made you fall in love with your current home? Was it the view? The in-ground pool? Or was it the in-law apartment that sealed the deal? According to a new analysis by realtor.com®, the most loved home features vary from state to state.
Related: 5 Home Renovations That Will Make You Fall in Love With Your Home Again
Realtor.com analyzed their keyword home search data to determine what the most popular home feature searches were in each state. Some of the results are perhaps unsurprising, like in Oklahoma—which sits in Tornado Alley—the most loved home feature is a storm shelter. In environmentally-conscious California, realtor.com found "solar" to be the most-searched home feature.
"While some of the country's most-loved home features, such as accessory dwelling units or lakefront properties, will likely fetch a premium on the open market, others are more matters of the heart," says George Ratiu, senior economist at re ...

Read More


  real estate, home ownership, real estate agent, realtor, the solari group, solari group, features, home, home features, loved

Thursday, February 13, 2020   /   by Nicole Solari

The #1 Reason to List Your House Right Now

The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market:
1. Buyer demand is already extremely strong2. Housing supply is at a historically low level
Demand
ShowingTime is a firm that compiles data from property showings scheduled across the country. The latest ShowingTime Showing Index reveals how showings have increased in each of the country’s four regions for five months in a row.
Supply
Move.com also just released information indicating that the number of homes currently for sale has declined rapidly and now sits at the lowest level in almost a decade. They explained,

“Na ...

Read More


  real estate, home ownership, homebuyers, homes for sale, buying, real estate agent, realtor, selling, solari team

The Solari Group
Nicole Solari
DRE# 02014153

Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-5400

Napa Location
1700 2nd Street Suite 222
Napa, CA 94559
707-819-9119

IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:February 24, 2020