As we are getting close to leaving 2016 behind and usher 2017, it will be helpful to look at our November numbers and stats to understand where we are heading and what the new year will have in store for us. These numbers deal only with Sacramento county, but if you need stats for other counties, please feel free to click on Ryan Lundquist’s excellent blog that I quoted below.
The median price is the same as it was in August 2007.
Housing inventory is 22% lower than the same time last year (there is only a 1.36 month housing supply).
Sales volume was 17% higher this November compared to November 2015.
There were only 36 short sales and 34 REOs in the county last month.
Cash sales are down 11% this year.
The median price is $325,000 and is down 2% from the height of summer and 12% higher than last year.
The average sales price at $349,659.
2017 Real Estate Outlook
So with these stats in mind, I know that you want to receive the answer to the what I call the crystal ball question: “So how will our real estate market be next year?”
My answer is evasive and honest at the same time. “We never know exactly what the new year will bring, but according to economists and Realtor.com, we will see a 7% increase in value.”
This might be exciting news, but as Ryan Lundquist astutely pointed out in his wonderfully written and researched blog http://www.sacramentoappraisalblog.com, this is what our market has been doing for the last two years, which means that Sacramento will continue on the same steady path. Additionally, even though the Sacramento Bee called Sacramento the 4th hottest real estate market in the country, just because median prices went up 7%, it doesn’t mean that actual values increased by that much.
Getting a Loan and 2017 Interest Rates
These are some of our predictions for 2017 together with the fact that interest rates will go up by about half a point, but they are still super affordable. Today I have also had the pleasure and honor to talk about this on Real Life Lending 105.5 FM radio show hosted by Eric Elovski McKay who is one of my preferred lenders due to his extensive knowledge of the lending industry, his hard work, dedication, and professionalism. To apply for a loan with Eric, just go to his website http://www.ericwillclose.com.
With Eric Elovski McKay, host of Real Life Lending
Another important report that helps us real estate professionals is presented by our California Association of Realtors. According their forecast the California median homes price, this is not just Sacramento, is forecast to increase 4.3 percent in 2017, representing the slowest rate of price appreciation in six years. C.A.R president Pat Zicarelli also predicts that “San Francisco Bay Area will experience a decline as home buyers migrate to peripheral cities with more affordable options.”
Overall, we all need to be excited and positive about the new year, and let’s prepare our Champagne glasses for a prosperous, better, and brighter 2017.
For more info on running and real estate, whether buying or selling, please e-mail me at carmenmicsa@yahoo.com, or call me at 916-342-2446. Running for real estate with joy!
“You need to learn how to select your thoughts just the same way you select your clothes every day. This is a power you can cultivate. If you want to control things in your life so bad, work on the mind. That’s the only thing you should be trying to control.”
I am using Elizabeth Gilbert’s book title Eat, Pray, Love book as part of my blog title together with a few quotes from her book, because I am deeply interested in the philosophy of running and what it takes to razor time, so to speak, when slashing and shaving your old PRs (personal records). And, yes I shaved 26 minutes from my first marathon, finishing CIM in 3:47:47 and only missed my Boston qualifying time by 2:47:47 minutes.
At the start line, walking to my 3: 43 pacing group.Trying to stay warm at the start line. We had the best weather we could have asked for.With my friends Karen and Nikki and our pacers 10 minutes before the start.
To run a marathon well it takes dedication, hard work, perseverance, and many good choices, such as how to train, what to eat, what to wear, and, most importantly, what and how to think about an upcoming marathon. As the above quote says, I selected only positive, radiant, and confident thoughts during all my months of training and before the marathon. I also visualized myself smiling and running , such as in this picture taken by our sweet son Alex when I came by our house around mile 14. I also smiled and tried to defeat “the wall” coming up at mile 20 – see video below, as my quads got tight and slowed me down enough to lose my pacing group. The video below was taken by Robert Fausett, the son of one of my good tennis friends, Janice Cowden.
Smiling and running. Waving at my family at mile 14 . Picture taken by our son Alex Micsa.
“Stop wearing your wishbone where your backbone ought to be.”
During my intensive 3-month training with Fleet Feet Fit, a more customized and demanding training group than Fleet Feet CIM training program, I constantly worked on my nutrition and what made me feel well-hydrated and fueled.
I don’t know about you, but I love to eat real food during all my runs, but especially during my marathons. I have discovered what works for me and I am happy to share with you so that you don’t have to choke and get a stomach upset on gels and other highly engineered foods. Not only do I like to eat real food, but being pesco-vegan, I have even more restrictions. The pesco-vegan diet follows the vegan diet, meaning no dairy products, no meat, no eggs, but adds seafood and wild fish, which are good sources of Omega-3s and are great for brain function. In less than a month, after I changed my diet in 2012, my energy level doubled and I felt twenty years younger.
Favorite marathon food I ate every 5 miles during CIM. I did not eat the fig bar, but ate the other two.My favorite breakfast before long runs. I add a little blueberry jelly on top and also eat a banana.Post run bar that’s healthy, has little sugar, and has my favorite ingredients: dark chocolate and nuts.
PRAY
“There’s a crack (or cracks) in everyone…that’s how the light of God gets in.”
I am a firm believer that God is present in my life and trust his/her timing, guidance, answer to my prayers, and his/her amazing grace. Whenever I pray for something and ask God to help me accomplish a higher goal, a loftier pursuit, or something as difficult as running a marathon, I ask God to help me if he/she thinks I am ready for the next step. Pushing for things that I am not ready for can end in disillusionment. However, by letting the door cracked open, I invite just enough light, wisdom, and sunshine that my heart, soul, and mind needs.
I was listening to a podcast and the author said this quote. I turned my back and saw God’ radiant light and reveled in this sunrise. Running is mystical and answers many of our prayers.
When running a marathon, I feel that praying is particularly important and gives us the extra strength we need to conquer the marathon beast lurking out around mile 21, or so. I also believe that running
a marathon is the most humbling experience that reminds us to stay grounded and run in the moment. We all have goals, but we need to understand that our times can derail up and down, more likely down depending on the day, the course, and our physical and mental preparation.
In my case, during the CIM I started to really feel my sore quads, especially the left one around mile 20, which made me slow down, lose my 3:43 pacing group, and reevaluate my goal. I accepted that I would probably lose the Boston qualifying time, which needed to be 3:45, but I really needed 3:42 to make sure I got accepted, and that I needed to continue to run strong to get a big PR from my last Pony Express marathon that I ran in May, and an even bigger PR from my very first marathon, last year’s CIM.
I prayed, ran, and stayed focused not even hearing my name being called by friends and spectators, or seeing my friends’ special signs for me all the way to the finish line.
Sign made by my awesome friend Holly and her daughter. I gave Holly a high five at Fair Oaks and Arden and loved seeing them cheer on me and the other runners. Cheering gives us energy.At the finish line with our son Alex. So special!At the finish line with my husband and our daughter SophiaAt the finish line with Andrea, my friend and amazing training partner.
LOVE
“Zen masters say you cannot see your reflection in running water, only in still water.”
“What does love have to do with running a marathon? ” You might ask. The answer is: everything! When you run with joy and smile through the miles, you feel an immense love for others, for yourself, for exercising, for being together, and for the whole world. Another aspect of our love for running is the stillness of our minds and thoughts while hitting the pavement and while fatigue wants to steal our joyous stride.
During training for CIM, the love for running with our training buddies and our dear friends keeps us going during those four weekend of running 20 miles to be well-prepared for the marathon.
During a 20-mile training run- jumping with joy with my amazing friend Andrea.Running track with my crazy fit runners Adam and Romero.
Running with love and appreciation for our families, friends, and our happy feet will make any marathon training and race so much more meaningful and give us a new perspective on our lives. And when in doubt: run, eat, pray, love, and then repeat for your next marathon.
For more info on running and real estate, whether buying or selling, please e-mail me at carmenmicsa@yahoo.com, or call me at 916-342-2446. Running for real estate with joy!
