Jay Emerson's Blog

Forbes magazine agrees with my analysis that a lot of areas have stabilized.  Some areas, on the other hand, are still experiencing a glut of bank-owned properties.  My momentum indicators are showing a perfect buying opportunity.  Transaction volume is increasing, median prices are inching upwar...

In October, a pie-maker would say "it's time to buy pies".  Mom always says "it's time to call your mother".  And, lately, Realtors say "it's time to buy real estate".  But the ones I watch and hear (other than my mother) are those who have made the right moves at the right times.  Guess what.  T...

Jay Emerson | Jay Emerson, The Galster Group | 916-517-9606 109 Cobble Ridge Drive, Folsom, CA Stunning Folsom home in Great location 3 Bdrm Single Family House offered at $363,000 Year Built 1999 Sq Footage 1,446 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 4,86...

Are you waiting for the "rock bottom"?  Did you know that the majority of this down cycle is behind us?  According to smart economists, the press has been exaggerating the issues.  Sure, there are some good people in a bad situation but the market is correcting itself and some areas are already o...

It's all about cashflow!  And it's important to know the difference between GROSS and NET cashflow.  While some may think it's smart to take a loss to offset other profits in their portfolio, that's not how people get RICH from owning real estate.  Get out of the rat race by getting NET passive c...

Goodbye August!  Hello September!  This heat is making me look forward to Fall.  Thank goodness the nights have been cool.  Frequently the heat at the State Fair is unbearable but we enjoyed it yesterday and actually started shivering in the evening.  I'm sure the Dippin' Dots helped!   Our Real ...

Who woulda thunk it?  Sacramento real estate is getting affordable for first-time buyers and investors again.  Remember, following the crowd doesn't make you successful.  And if you're hoping for a 100% loan with Cal HFA down-payment assistance, you better hurry; it's changing. The Market:  Bank-...

Many people have asked me: "When are real estate prices going to hit the bottom?".  The only answer I can give is:  "I don't know but when we know, it will be 3-6 months ago".One thing is true, though.  The Sacramento Bee will always be late and usually wrong.  If you follow the newspaper, you wi...

Jay Emerson | The Galster Group | jay@jayemerson.com | 916-517-9606 6853 Mellodora Drive, Orangevale, CA Orangevale 3/2 Sanctuary! Priced to Sell! 3 Bdrm Single Family House offered at $319,000 Year Built 1976 Sq Footage 1,296 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage ...

It's time again for my real estate update!  I will keep it brief and in bullet form.  ;-) The Market:  It's still a buyer's market.  Inventory is high; rates are low; prices are down; sellers/banks are awake.  The Media:  No change -- they are still negative ("it's Bush's fault").Congress:  They ...