About Marco Santarelli

Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment property. His mission is to help 1 million people create wealth and passive income and put them on the path to financial freedom with real estate. He’s also the host of the top-rated podcast – Passive Real Estate Investing.

Sacramento Real Estate Market And Investment Overview

October 19, 2020 by Marco Santarelli

This article has been updated to get an overview of the Sacramento housing market. Tight supply and strong demand are boosting home prices in the Sacramento housing market making it strongly skewed to sellers.

Due to the short supply of available properties, Sacramento is going to continue feeling a lot of pressure on the listings in the form of multiple offers from buyers. This has led to Sacramento being a sellers’ real estate market, forcing buyers into fierce competition with one another.

Home values have been rising in this region despite the economic disruption caused by the coronavirus pandemic. The median sales price hit $425,000 in Sacramento County and $469,000 in the four-county region last month, up roughly 10.4% from August 2019. The realtors' forecast is that Sacramento house prices would continue an upward surge in the next year as well.

Home sales have slowed down primarily due to the significant economic slowdown stemming from the response to the pandemic. August closed with 1,560 sales, down 11.9% from the 1,755 sales in July. Compared to one year ago (1,567), the current figure is down .4%, according to the Sacramento Association of REALTORS®.

Both nationwide and in the Sacramento area, housing inventories are down significantly. The Active Listing Inventory decreased by 2.2% from July to August, from 1,266 units to 1,238 units. Compared with August 2019 (2,460), inventory is down 49.7%.

According to Realtor.com, in September 2020, the median list price of homes in Sacramento was $394.9K, trending up 12.8% year-over-year. The median listing price per square foot was $255. The median sale price was $390K. Homes in Sacramento sold for approximately 100.56% of the list price on average in September.

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Austin Real Estate Market: Trends And Updated Forecast

October 17, 2020 by Marco Santarelli

We will discuss the latest Austin real estate market trends and forecast for 2021. The Austin housing market has seen a spike in home sales in the last few months. The latest report from the Austin Board of Realtors showcases the market's resilience amid the COVID-19 pandemic. Demand for homes continues to be very strong even towards the end of the fall breaking sales records month after month.

Residential sales in the Austin metro area soared 31.5% compared to September 2019, with 3,892 single-family homes, townhouses, and condominiums changing hands. Pending sales jumped 28.2%, signaling that October could be another strong month for sales. Austin home sales mirrored the metro area.

Housing inventory decreased to a supply of just 1.2 months, which means that’s how long it would take the deplete the inventory at the current sales pace. Within the city of Austin, sales volume in September was up 20.7%, with 1,248 sales recorded. A low supply of housing drove the median price up 8.7%, to $415,500 year-over-year.

It is a good time for buyers and investors who want to invest in Austin especially with interest rates being as low as they are right now. The main concern is the critical lack of inventory which can make it increasingly difficult for buyers to find homes that suit their requirements. This situation could also drag down sales in the remainder of 2020 while pushing the prices higher up.

To determine the best local real-estate markets in the U.S., WalletHub compared 300 cities of varying sizes across 24 key indicators of housing-market attractiveness and economic strength. They looked at factors like a median home-price appreciation to home sales turnover rate to job growth.

The city of Austin's real estate market came in at number 7 overall, and 3rd among large cities. Boise was found to be the best market in the nation, followed by Seattle, Frisco, Nashville, and Gilbert in the top five.

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California Real Estate Market: Updated Forecast & Trends

October 16, 2020 by Marco Santarelli

The latest California housing market trends and forecast — all point to the fact — that the market will continue its recovery from the economic shock led by the coronavirus pandemic.

Sales are expected to continue to improve for the remainder of 2020 and increase modestly again in 2021. Buyer demand remains robust and that has already pushed California’s median price above $700,000. However, inventory is expected to remain a challenge that will keep sales growth in the single digits next year, as reported by C.A.R.

CAR's latest weekly California housing data (October 4 – 12) shows that after remaining unseasonably strong through September, closed transactions finally began to dip last week with an average of 807 daily closed transactions. That is down 15.4% from the previous week and was led by double-digit declines in almost every part of the state.

The Central Coast fell 20.1%, Southern California dipped 18.7%, the Far North was down 14.3%, and the Central Valley was down 12.5%. Only the Bay Area escaped with a single-digit decline of just 9.5% last week. New listings and pending sales were also trending down last week.

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Houston Real Estate Market: Latest Housing Forecast 2021

October 15, 2020 by Marco Santarelli

We will discuss the latest Houston housing market trends & forecasts and find out how the market recovering in this region from the impact of the pandemic. The Houston area market conditions are showing signs of continued improvement due to growing consumer interest and pent-up demand after a steady decline in sales in the summer season.

Realtor.com's recovery index for Houston–The Woodlands-Sugar Land metropolitan area has reached 107.8 points for the week ending October 3, 2020. A value of 100 means the market has recovered to January 2020 pace. The higher the index value, the higher the level of recovery. The lower the index value, the lower the level of recovery. According to their local market data, Houston was a balanced real estate market in September.

The median list price of homes in September was $310K in September 2020, trending up 11.1% year-over-year. The median listing price per square foot was $157. On average, homes in Houston, TX sell after 63 days on the market. The trend for median days on market in Houston, TX is flat since last month, and slightly down since last year.

In September 2020, the high end of the Greater Houston housing market ($750,000 and above) recorded the greatest increase in sales volume (an increase of 81.5 percent), according to the latest market update by HAR. The current single-family homes inventory is down to a 2.5-month supply versus 3.9 months a year earlier.

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Las Vegas Real Estate Market: New Housing Forecast 2021

October 14, 2020 by Marco Santarelli

The Las Vegas housing market is booming amid the pandemic which has impacted the whole world. Even during these tough times, the Las Vegas properties are selling at record prices and rental homes continue to be in demand. It is no doubt a strong seller’s real estate market with less than two months of inventory of available homes.

Although the pandemic is still causing disruptions, there is no downturn happening in the Southern Nevada housing market. In fact, the Las Vegas housing market is among those cites that are showing the most signs of a positive recovery from the pandemic. Nevada's unemployment rate was at its peak in April (30.0%). It has now dropped to 13.2% as of August 2020, according to Local Area Unemployment Statistics (LAUS).

Las Vegas houisng prices are at record levels, with historically low-interest rates, strong demand, and tight housing supply. The demand in this region is outpacing the supply of available for homes for sale and this is pushing the Las Vegas home prices higher. In September 2020, the Las Vegas real estate market hit another all-time high. Sales of single-family homes went up by double-digits — an increase of 18.9% year-over-year.

As compared to the previous month, the sales were up by 12,4%. The median sales price of previously owned single-family homes increased by 8.8% to $337,250, according to the Las Vegas Realtors. In August the median price was $335,000. September's real estate data by Realtor.com also shows that the Las Vegas housing market is heating up again.

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