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Solano County | Solari Group Real Estate News Blog

Friday, May 13, 2022   /   by Nicole Solari

Should You Update Your House Before Selling? Ask a Real Estate Professional.

Some Highlights

If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide.
In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves.
If you’re thinking about selling your house, connect with a real estate professional so you have expert advice that’s customized to your home and local area. ...

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  real estate, level up realty, homes for sale, selling, realtor, for sellers, moving, upgrades, pricing, solano county, napa valley

Wednesday, April 27, 2022   /   by Nicole Solari

Why This Housing Market Is Not a Bubble Ready To Pop

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream.

Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The graph below tracks home price appreciation since the end of World War II:







The graph shows the only time home values dropped significantly was during the housing boom and bust of 2006-2008. If you look at how prices spiked prior to 2006, it looks a bit like the current spike in prices over the past two years. ...

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  real estate, level up realty, buying, for buyers, for sellers, housing market updates, solano county, napa valley, market update

Monday, November 1, 2021   /   by Nicole Solari

Renters Missed Out on $51,500 This Past Year

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic:

“Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.”

Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true cost of renting.
The Money Renters Stand To Lose This Year
A homeowner’s monthly mortgage payment pays for their shelter, but it also acts as ...

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  real estate, the solari group, level up realty, home ownership, homebuyers, buying, homes for sale, for buyers, first time home buyer, solano county, napa valley

Monday, October 11, 2021   /   by Nicole Solari

As Home Equity Rises, So Does Your Wealth

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.
Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.
The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market like we’re in now. In today’s real estate market, the combination of low housing supply and high buyer demand is driving home values up. This is giving homeowners a significant equity boost.
According to the latest data from CoreLogic, the amount of equity homeowners have has continued . ...

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  real estate, the solari group, level up realty, home ownership, first time home buyers, solano county, napa valley, market update

Friday, October 1, 2021   /   by Nicole Solari

Early October is the Sweet Spot for Buyers

Are you looking to buy a home? If so, we’ve got good news for you.
While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall.
According to realtor.com, the sweet spot for buyers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years. When applied to the current market, experts determined the ideal week to buy a home this year. The research says:

“Nationally, the best time to buy in 2021 is the week of October 3-9. This week historically has shown the best balance of market cond. ...

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  real estate, level up realty, home ownership, homebuyers, buying, for buyers, first time home buyer, solano county, napa valley, home buyer tips, home buyer