Gold Country CA Real Estate Blog and News

Foreclosure Numbers Today Aren’t Like 2008


If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today.

According to a recent report from ATTOM, a property data provider, foreclosure filings are up 2% compared to the previous quarter and 8% since one year ago. While media headlines are drawing attention to this increase, reporting on just the number could actually generate worry for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.

Let’s look at the latest information with context so we can see how this compares to previous years.

It Isn’t the Dramatic Increase Headlines Would Have You Believe

In recent years, the number of foreclosures has been down to record lows. That’s because, in 2020 and 2021, the forbearance program and other relief options for homeowners helped millions of homeowners stay in their homes, allowing them to get back on their feet during a very challenging period....

Explaining Today’s Mortgage Rates


If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.  

But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield. Here’s a graph showing those two metrics since Freddie Mac started keeping mortgage rate records in 1972:

As the graph shows,...

Momentum Is Building for New Home Construction


If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built home is a great option.

As a recent article from the National Association of Realtors (NAR) says

Home buyers continue to be met with limited housing options during what’s typically the real estate market’s busiest season. . . . The current supply of existing homes is about half the level it was in 2019 . . . Meanwhile, the market for new construction is a bright spot.”

Here’s a look at a key metric that shows just how much new home construction is ramping up nationwide. It’s called new residential completions. Basically, completions are newly built homes that are finished and ready to move into.

The graph below uses data from the Census to show the trend of new-home completions...

Swingles...The Place to Meat

Ah, the 4th of July! It's a fantastic time for barbecues and outdoor gatherings and if you are close to or passing thru Jackson, CA all the locals know where to meat....

Swingles Meat Co, located at 12640 Kennedy Flat Rd in Jackson CA is favorite in Amador County specializing in marinated meats such as the house favorite "Kona" tri-tip and the "Motherlode" as a close second for me but also offers all the local butcher ammenities and a great option for high-quality meats and if you are vegetarian or fish lover they also have a large frozen section of different types of delicious dishes including pastas and fish.

Most meats are locally sourced and offer premium cuts of meat along with processing wild game and a big assest to our local FFA (Future Farmer's Of America) program and Amador County Fair.  Established in 1945 this long running butcher  has provided our community with only the finest quality and care and always supports our hometown locals and welcomes visitors from all over.  Come check them out!

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