If there was ever a reason to use the time-tested phrase of Buyers Beware, this is it.
This type of thing has been going on for a long time, and not just in the real estate market of the Lake Oroville area. Just think how much money these type of companies are coaxing out of unsuspecting new homeowners. If they only get a 10% participation rate they would be raking in millions of dollars. Don’t fall for it folks.
As I said before: The Lake Oroville real estate market is certainly not short of it’s share of parades.
In case you missed it, or it was just too darned cold outside for you, here is a short video of the parade with only one small complaint. Can someone control the number of Santa Claus’s that are in the parade? As one 4 year old girl put it. “There were 5 Santas in the parade and there is only supposed to be one Santa!”
Welcome to Deja Vu all over again for the national real estate market!!
Do you think that this industry will ever learn why the real estate market fell nearly into oblivion over the past 6 years? I don’t. Here is the web page from CNBC that discusses the new lower down payment for first time home buyers program aimed at “helping” first time home buyers to get a loan with nearly nothing down. As a 20 year veteran of the Lake Oroville real estate market I am disappointed to see that the government thinks that the best medicine for the long term stability of the housing market is LOWER down payments. What is even more disappointing will be when the lenders start showing up in real estate offices across this country touting these new programs as “great deals for buyers.” And just think how many more homes all you agents will sell with this new program!
Will there never be an end to the perception that buyer’s are so irresponsible and undisciplined that they are inept about saving money for a down payment. ( And by the way, if you are not disciplined or responsible enough to take the time to save up a down payment, you may not be ready for home ownership). The trend here should be that there be a gradual INCREASE in down payment requirements not a decrease. This will make the market much more stable when the next down turn occurs and will keep the bottom from completely falling out again.
If there is anything the Lake Oroville real estate market is short of, it certainly is not parades.
Oroville’s annual Veterans Day Parade took place as planned today. The turnout to watch it was not the greatest in the whole wide world but it was a very nice tribute to those who have served, and are currently serving this great country of ours.
I thought I would share a little bit of the days festivities with you and maybe we can get the attendance up a little bit next year.
There are absolutely no words to describe my feelings about this day. I remember waking up on that particular morning, 13 years ago, and turning on the TV, as I usually did then, to the Today Show and seeing one of the towers on fire.
The reports were that a plane had hit the tower. They did not at that time say what type of plane it was so I assumed that a small private plane had slammed into the building. Until, that is, after a few minutes of watching the news coverage, I saw the second plane come into view as it approached the second tower. A split second later a fireball erupted from the second tower.
Then the report came that another plane had hit the Pentagon. Moments later the South Tower collapsed, which was followed by a report that a plane had gone down in Pennsylvania. Directly on the heels of this, the North Tower collapsed.
All I could do was to stare helplessly at the TV, and say, “What the heck is going on.” It was, and still is, an unbelievable time in our country’s history. Events that would change us all forever. And not for the better I might add.
So today I ask you to pay tribute to not only those who have borne the brunt of this vicious, cold blooded attack on our fellow citizens, and the freedoms that make America the great country that it is, but also to those brave men and women who went off to war in far-away places to battle back against such barbaric behavior.
Let us NEVER forget this day, and always keep the victims,their families, and those who made the ultimate sacrifice to in defending this country in our prayers.
I have listed the names of each of the victims here. The names below were those who were lost in the Twin Towers.
The list of victims is so overwhelmingly long that I could not fit them on to one page. Links to victims of the Pentagon, as well as the passengers of each of the aircraft are below.
One of the biggest challenges for anyone thinking of buying or selling real estate in any market across the country is determining the condition of the market in their particular area. Certainly the same holds true for the Lake Oroville real estate market.
But where in the world of realty can you get accurate market information? Zillow? Trulia? Maybe the nightly news.? Or better yet, how about Facebook? After all, if it is on Facebook, it must be true, right?
Your best resource for LOCAL market conditions is right here on this blog site. Over the past 5 years I have brought market updates, real estate advice, and sometimes some fairly provocative opinions. It is, and always will be, my opinion that there is a HUGE need for accurate local real estate market information in the Lake Oroville real estate market. I also believe that there is a drought of such information out there. This is why I make providing real estate market information the top priority of this blog site. I am always looking to bring information to you in a variety of ways and from different perspectives so that you know what is REALLY going on.
Which brings me to my latest graph. This graph illustrates the changes in the inventory of Lake Oroville homes for sale over the past 8 months at different pricing levels. What spurred me to research this is the fact that , although prices of homes that have sold has admittedly increased, the number of homes that are selling in the Oroville real estate market is on pace to be the first year since 2009 that the market will be selling fewer homes in the current year than the previous year. Yes, you read that right. Regardless of what the “salespeople” are telling you about how “busy” they are, the truth is the home sales in the Oroville market are significantly behind last years numbers.
Because the “numbers guy” in me is always looking to explain what would cause this to happen, I jumped into the database to see what I could glean. The graph below is the result of my research and is the basis for the following opinions: Continue reading →
I have a friend (believe it or not) in the Lake Oroville real estate market that I spend time with who is great with “turning a phrase” to make me laugh.
In fact, we make each other laugh for almost the entire time we are together. It was not too long ago (actually almost exactly one month ago today), that I was dealing with bit of a stressful situation when he reminded me in a text message that “It is always darkest just before it goes totally black.” Yes, he thinks he is funny!! But it did feel a little bit like he was right.
Well, with every technology upgrade comes a little bit of a learning curve.
It took me a little while to figure out how to report the Lake Oroville real estate market home sales report with the new blogging site that REALTY WORLD provided, but I think I got it figured out for this week at least.
I know that it has been a long time since I reported on market activity for the sale of Oroville area homes and the current levels of Lake Oroville area active listings on the market. Hopefully this new format is a little easier to digest.
What we are currently seeing in the Lake Oroville real estate market is Continue reading →