default avatar
Welcome to the site! Login or Signup below.
Logout|My Dashboard

Housing inventory on the rise

Font Size:
Default font size
Larger font size

Posted: Friday, March 28, 2014 7:25 am

Low housing inventories in recent months may finally be getting more options for buyers. Realtor.com® reports that nationwide housing inventories have increased 10 percent year-over-year. Seller optimism is growing stronger in areas where listings in February grew by more than 35 percent.

According to realtor.com, the latest report, the following housing markets had the largest increase in housing inventory. This is great news for the Lodi and Stockton areas as they were number one in increased inventory out of 146 areas that are tracked monthly. Making the top 10 list in California for inventory increase year over year are the following:

  • Stockton-Lodi: 101.1 percent year-over-year
  • Fresno: 53.3 percent
  • Bakersfield: 52.1 percent
  • Oakland: 42.3 percent

In other real estate news, President Obama signed the “Homeowner Flood Insurance Affordability Act” into law this past week. The act repeals FEMA’s authority to increase premium rates at time of sale or initiation of new flood maps. Also the act will refund the excessive premium to those who bought a property before FEMA warned them of the rate increase. The bill also limits premium increases to 18 percent annually on newer properties and 25 percent for some older ones. A small assessment on policies will be added until everyone is paying full cost for flood insurance. For further explanation on the act, contact your insurance carrier.

From flood insurance issues to the drought we are facing in our area. With the local water districts threatening price increases if we don’t reduce our water usage, what can we do to help? Did you know a standard 3-bedroom; single-family home uses about 174,000 gallons of water a year? One Cool thing came out with a chart this week that can help you decide where you can help. Here’s where most water is used and how you can change a few quick things to reduce your usage.

Eileen Schamber is the President of the Lodi Association of Realtors and can be reached at president@yourlocalaor.com.

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don’t pretend you’re someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don’t threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don’t insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the ‘Report’ link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.
  • 9 Don’t be a troll.
  • 10 Don’t reveal personal information about other commenters. You may reveal your own personal information, but we advise you not to do so.
  • 11 We reserve the right, at our discretion, to monitor, delete or choose not to post any comment. This may include removing or monitoring posts that we believe violate the spirit or letter of these rules, or that we otherwise determine at our discretion needs to be monitored, not posted, or deleted.

Welcome to the discussion.

New energy program helps homeowners

The Lodi Association of Realtors in partnership with the California Association of Realtors Housing Affordability Fund and green home contractor Greener Solutions has just announced a new energy program starting Jan. 1, 2015.

Posted: January 23, 2015
Comments (0)
more »

Loan Calculator

Your News

News for the community, by the community.

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists