Current Placer County Market Trends

The above graph is a large-scale overview of market trends report for all of Placer County over the past five years. As you can see...

Monday, December 23, 2013

Happy Holidays from The Montuori Group!

The Montuori Group wishes you and yours a very Happy & Safe Holiday!

In the future, if you have any real estate needs please don't hesitate to give us a call at (916) 698-1171.  Bob Montuori, Realtor & Top Producer from the #1 Busiest & Top-Producing Office in the State of CA, and his team would be more than happy to help even if you just need a second opinion or suggestion.

Visit our website at to see homes for sale, market information for your home and testimonials from our fantastic clients.

Again, have a wonderful holiday.  We hope to work with you in the coming year!

Bob Montuori & Team

Wednesday, December 11, 2013

Price Reduced: 898 Courtyards Loop now $239,000

898 Courtyards Loop in Lincoln, CA is another fine property listed by The Montuori Group.  The price has just been reduced $10,000 to $239,000.

This home features 3 bedrooms and 3 bathrooms with over 1,800 square feet in the beautiful Lincoln Crossings neighborhood.  Community amenities include a pool, spa, gym, and more!

To arrange a private viewing of this home call listing agent Bob Montuori at (916) 698-1171 or email.

Wednesday, December 4, 2013

Craigslist Undergoes Huge Changes for Home Buyers

Craigslist has undergone major changes recently.  We are addressing particular homes for sale the best we can.  There are now links that you can copy and paste to your browser.  Here you'll be able to review additional information on each property that we post.

In the meantime, feel free to click here to search available properties or call Bob directly at (916) 698-1171.

If you have any ideas or opinions on how we can do this better as Craigslist is making changes by the day, we are interested in your suggestions.

Monday, October 28, 2013

Property Spotlight: 898 Courtyards Loop

The Montuori Group is pleased to present another fine property: 898 Courtyards Loop in Lincoln.
Located in the desirable Courtyards neighborhood of Lincoln, CA, this property is back on the market at $249,000 with newly installed large tile flooring in the kitchen and dining areas.
The Courtyards community features tons of benefits including high speed internet included in HOA fees, the secure comfort of gated community, and a spa and luxurious recreational facilities.

To view this property contact Realtor Bob Montuori at (916) 698-1171 or by email.

Friday, October 25, 2013

Current Placer County Market Trends

The above graph is a large-scale overview of market trends report for all of Placer County over the past five years.

As you can see, inventory is remarkably low as compared to previous years.  This low inventory level means that it could be a very lucrative time to sell.  There are plenty of buyers but not enough homes!

For information about selling your home, or to consult about the best strategy to reach your real estate goals, give local Realtor Bob Montuori a call at (916) 698-1171 or email and he'd be happy to help.

Wednesday, October 23, 2013

NAR President: Super Size It

By NAR 2013 President Gary Thomas

If you're considering how nice it would be to own a larger home, this may be the time to buy.

For the first time in history, interest rates on jumbo mortgages actually fell below the interest rate of conforming 30-year fixed-rate loans.

As Realtors well know, jumbo loans are those over the local limit that can vary from $417,000 to $729,750, depending on the county.

Traditionally, consumers who needed a home loan bigger than a conforming mortgage would pay a higher rate of interest for the privilege of borrowing more money - often a quarter of a percent or greater, and for a brief period it was nearly two percentage points.

But with mortgage rates much higher than a year ago and declining profits from refinances, banks have become more aggressive in pricing mortgages.  As a result, it is now cheaper to borrow in the jumbo market which is currently dominated by private lenders.

With interest rates at historic lows, more buyers are willing to stretch to buy bigger properties and more buyers are able to qualify for a jumbo loan.  But even non-jumbo home buyers should look into the competitive rates at banks and credit unions.

There's no telling how long it will continue, but this unusual circumstance may offer an opportunity for Realtors.  Think big!

See the original article here.

Friday, October 11, 2013

Open House: Saturday, 10/12 Noon - 3:00

Open house this Saturday, October 12th from 12:00 pm to 3:00 pm at 881 Courtyards Loop in Lincoln. This property is being offered at $329,000 and features too many amenities and upgrades to list including a chef's kitchen, custom flooring and lighting, and a pool, spa and recreational facilities.

Friday, October 4, 2013

Government Shutdown Slows Application Process

By Neil J Leitereg

Fixed mortgage rates fell for the third consecutive week.  The federal government's shutdown and ongoing recovery concerns, particularly the Fed's decision to continue its bond-buying stimulus program, are attributed to the recent decline of key mortgage loans.  The drop in rates comes after averages spiked by more than a percentage point since early May.

The average rate on a 30-year fixed mortgage loan dropped 0.10 percentage point this week, according to the latest survey from mortgage buyer Freddie Mac.  After trending at 4.57 percent in early September, the average rate on a 30-year fixed is now at 4.22 percent - a difference of 0.35 percentage point month-over-month and its lowest mark since June 20.  Still, the average is considerably higher than it was at this time last year, when the 30-year fixed was tending at 3.36 percent.

The average rate on a 15-year fixed loan also dipped for the third consecutive week.  The current average is at 3.29 percent - a difference of 0.08 percentage point week-over-week and a 0.30 percentage point month-over-month.  A year ago, the average on a 15-year fixed was 2.69 percent.

There was moderate change with the hybrid adjustable-rate mortgages over the last week.  The five-year ARM registered a slight drop, falling to 3.03 percent from 3.07 percent.  The average rate on a one-year ARM remained at 3.28 percent week-over-week.

Mortgage rates previously spiked in July due to speculation that the Federal Reserve would curb its bond-purchase program, massive stimulus policies involving $85 million worth of Treasury notes and mortgage-backed securities.  However, the recent relief is a result of indications from the Federal Reserve that it would maintain its bond-buying program at its current levels until employment numbers improved, which should push mortgage rates down in the future.

Also influencing rates is the current government stoppage, which has impacted the amount of mortgage applications that are being processed.  Rates hovering near historic lows have kept hoe buyers interested, but the shutdown has slowed the ability of lenders looking to confirm borrowers' incomes and identities.

"With the onset of the federal government shutdown and declining consumer confidence, fixed mortgage rates fell for the third consecutive week," Frank E. Nothaft, Freddie Mac vice president and chief economist, said in a statement.  "Consumer sentiment fell for the second month in a row in September to its lowest reading since April, according to the University of Michigan.  Moreover, a recent Bloomberg survey of professional forecasters suggests that a partial federal shutdown lasting one week would shave 0.1 percentage points off of GDP growth in the fourth quarter and even more if the shutdown lasts longer."

The number of mortgage applications submitted showed a decrease this week after a two-week uptick.

Don't expect to see much of a change over the next week.  In the latest Mortgage Rate Trend Index by, analysts were split on whether rates would trend downward or stay the same of the next week.

"There is a lot going on right now that can impact interest rates both higher and lower," opined FBC Mortgage planner Jim Sahnger.  "However, economic numbers continue to be lackluster.  Uncertainty will keep the favorable rates we have in check."

View the original article here.

Thursday, October 3, 2013

Property Spotlight: 119 Conaway Avenue

The Montuori Group is pleased to present another one of our fine properties: 119 Conaway Avenue in Grass Valley.

Located in the heart of Grass Valley and conveniently close to schools, shops, restaurants, and entertainment this home is a historic member of the community dating back to 1927.  This home was in the process of a remodel before being listed with beautiful hardwood flooring and paneling, new kitchen counters, stove, and dual pane windows, new roof and gutters, a tankless water heater, new insulated garage door, and more.

This home has all the charm of an older home without the hassle!

For more information regarding this property or to schedule a showing, please don't hesitate to contact Realtor & Top Producer Bob Montuori (BRE #01753698) at (916) 698-1171 or by email.

Thursday, September 26, 2013

Breaking News: Mortgage Rates Plunge

By E. Scott Reckard with the LA Times

The Fed’s decision to continue its economic stimulus program unabated has sent fixed mortgage rates plunging to their lowest level in two months, according to Freddie Mac’s weekly survey, with the 30-year loan averaging 4.32%, down from 4.5% a week earlier.

Lenders were offering 15-year fixed mortgages to solid borrowers at 3.37% early this week, down from 3.54% last week. Initial rates for variable mortgages fell as well, Freddie Mac said Thursday.

The Fed announced last week that the economy was still not strong enough to allow the central bank to cut back on its $85 billion a month in purchases of Treasury securities and bonds backed by mortgages. The effect is to push down interest rates, stimulating the economy by making it cheaper to borrow.

The low rates should “somewhat” offset recent increases in home prices, improving housing affordability, Freddie Mac chief economist Frank Nothaft said.

Freddie Mac, which buys and guarantees home loans, asks lenders each Monday through Wednesday about the terms they are offering to borrowers with good credit, 20% down payments or home equity, and sufficient income to handle payments on home loans.

The borrowers in the latest survey would have paid an average of 0.7% of the loan balance in upfront lender fees and discount points to obtain the fixed mortgages.

To read the original article, click here.

Friday, September 20, 2013

Property Spotlight...

The Montuori Group is pleased to spotlight one of our fine properties: 881 Courtyards Loop in Lincoln.

Located in the lovely, desirable Lincoln community, this home boasts the very best of affordable luxury living. With beautiful curb appeal the large front porch welcomes guests to this inviting home and bids them in with the promise that there's much more to see inside the home.  Featuring custom designer touches throughout, this home shows like a model.  From the chef's kitchen with all stainless steel appliances, open pantry, gorgeous cabinets and granite counters to the luxurious downstairs master with patio access, this home has it all.  The custom lighting choices in this home highlight the tasteful paint scheme and quality, heavy doors.  The large loft with build in cabinets opens up on this large space allowing the homeowner to take in the custom flooring throughout and quality drapes accenting this home.  The property sits on the largest lot in the neighborhood with obvious pride of ownership.  

With three bedrooms, two and a half bathrooms, two thousand square feet, and a community clubhouse with a pool what's not to love about this prestigious home?  

For information regarding this property or to schedule a showing, please don't hesitate to contact Realtor Bob Montuori (BRE# 01753698) at (916) 698-1171 or by email.

Thursday, September 19, 2013

Home Trend Watch: Upsized Homes on Downsized Lots

By Melissa Dittmann Tracey, REALTOR (R) Magazine

More Americans are showing preferences for a bigger home once again, even if it means squeezing the home on a small lot, according to the first quarter Institute of Architects' Home Design Trends Survey.  The most recent survey focused on home layout and the use of interior and exterior spaces.

During the recession, more Americans showed a preference for smaller homes, setting off speculation that the downsizing trend could be a lasting one as more Americans searched for less upkeep and lower utility bills.  But since 2010, the number of Americans showing a preference for larger homes has gradually been on the rise, architects report.  Home volumes are increasing, with ceiling heights and two-story entryways making a comeback, according to the AIA survey.

Despite strained lot sizes, more Americans are wanting to invest in larger homes and in more outdoor amenities in trying to blend their indoor and outdoor spaces.

Kermit Baker, AIA chief economist, speculates that lot sizes haven't increased along with the desire for larger homes because Americans are still looking for ways to keep homes affordable.  The trend may also be a reflection of location preferences too (with home owners opting for smaller developments in more desirable locations).

"Because lot sizes don't show any signs of increasing, it's clear that home owners want to maximize their current square footage to its highest potential... Smaller lots have not kept households from investing heavily in [outdoor] space," Baker writes.  "Creating outdoor living space - outdoor rooms, covered outdoor space, as well as more traditional decks, patios, and porches - continue to be the property enhancement growing the most in popularity."

More households are looking to add space inside their homes too, with an increase this year in more home owners finishing attics and basements for added living space, the survey notes.  More Americans are continuing to show a stronger demand for flexible layouts, with open space plans.  Designs are gravitating toward more open space layouts, with partial wall divisions that allow more flexible use of space, Baker notes, as well as a trend for greater sense of informality in the home.

See the original article at here.

Wednesday, September 18, 2013

Presenting.... The Montuori Group

I am pleased to present the formation of The Montuori Group.  With the addition of a new administrative assistant, marketing and transaction coordinator, Victoria, the team continues to grow.  June and I have greatly enjoyed our summer and are anticipating a very busy next couple of months.  As always if there is ever anything I can do to help meet your real estate needs and goals, please don't hesitate to contact me.

I am best reached by cell phone at (916) 698-1171 or email at

With care,

Bob Montuori.

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