About Solano County, CA

Terrific Tuesday Morning to all,

Bonds opened lower than yesterday's close. Yesterday's opening and closing at 101.34 FNMA Doji warning sign(possible trend reversal).

Wholesale inventories under expectations -.08 vs .05 expected this should help bonds. W-ST is up 147pts fears of Greece have been muted( actually more time was granted).

Today's snapshot

Have a great day!

Fantastic Monday Morning to all,

Market concerns with Greece should help bonds today. Be careful as we are at the top of our current trading range.

Later this week we have the Trade Balance, Retail sales, and Weekly jobless claims.

Today's market snapshot.

Have a great day!

FAIRFIELD CA REAL ESTATE HOME SALES JANUARY 2010

Fairfield Real Estate Sales are looking great for the month of January 2010. There were a total of 94 homes sold in Fairfield this month. The average list price was $208,958 and the average sales price was $209,588. Meaning that property values are on the rise again.

Below is a list of all real estate that sold in Fairfield this January. Please feel free to contact me to discuss your Fairfield real estate needs.

www.soldbynicole.com

www.homesincontracosta.com

www.stopmyforeclosurebayarea.com

BENICIA CA CALIFORNIA HOMES SALES FOR JANUARY 2010

BENICIA Real Estate Sales are looking great for the month of January 2010. There were a total of 23 homes sold in BENICIA this month. The average list price was $406,191 and the average sales price was $399,383. Meaning that property values are STABILIZING.

Below is a list of all real estate that sold in BENICIA this January. Please feel free to contact me to discuss your BENICIA real estate needs.

www.soldbynicole.com

www.homesincontracosta.com

www.stopmyforeclosurebayarea.com

The real estate industry in the US is going through turbulent times. Foreclosures are commonplace and the value of homes has plunged across segments and regions. Take for instance, Solano County, where 60 per cent of homeowners are paying mortgages on homes whose values are much less now than what they bought them for.

Yet there is a group of people in every county who are interested in buying homes. These people are usually first-time buyers. In fact, the number of these people is increasing by the day.

According to a study, 57,719 people in Vallejo-Fairfield or 61.15 percent of homeowners are under water. They are in a negative equity meaning their home values are less than what they owe to the bank. Those near negative equity is much more – at least 64.4 per cent of the population. When a mortgage is within 5 per cent of being upside down, it is known as near negative equity.

In Solano, $15.2 billion property stood the risk of non-payment in June. When compared to Los Angeles, it was much less where $310 billion worth of property was underwater. New York came close on the heels with $183 billion property in negative equity. This was followed by Miami where $152 billion property is upside down.

It may be noted here that homeowners can run up a negative equity because of plunging home values or a hike in mortgage rate. According to the study it could be a mix of both the factors.

In Nevada, the situation is the worst where a greater percentage of homeowners have a negative equity (66 percent). This is higher than Arizona where 51 per cent of people are upside down. Florida, California and Michigan followed close on the heels.

Housing experts say that negative equity has a spiraling effect. When a home in a locality is foreclosed upon, the value of the homes near it plunges. However, there’s a brighter side of the picture as well. The plummeting of values has brought homes within the reach of the first-time buyers. In fact, the affordability index of homes in Solano is 67 per cent now when compared to 49 per cent a year earlier. This was revealed by the California Association of Realtors.

It may also be noted that the minimum income of a household had to be $39,000 per annum to buy an entry-level home at the price of $224,000.