Blog

Roseville is Placer County’s Fastest Growing City in 2012

Mary Pizzimenti 19/07/2013
The Galleria at Roseville CA

Roseville firmly surpasses neighboring Lincoln as the fastest growing city in Placer County. Last year, Roseville grew by 1.2%, which is above the state average of .8%, and is more than double the growth rate of Lincoln, the second fastest growing city in Placer County, with a population increase of .5%. The city of Lincoln previously held this distinction as its rapid expansion during the last decade earned it the title of “Fastest Growing City” in the country in the 2010 U.S. Census.

It is likely that Roseville will continue to hold this title as Lincoln’s recent overdevelopment has lowered home values in that city, making it less attractive to developers looking to see big returns from their investments. With Roseville’s attractive real estate market, thriving economy, abundance of urban amenities, good schools, and room to expand, the city looks like it should see steady and continued growth in the future.

Despite having housing prices that are higher across the board than the national average, California’s population continues to grow even during uncertain economic times. It is important to remember how vital the California Lifestyle is to our economic well-being. As an increasingly densely populated state we need to keep our eye on responsible and sustainable growth lest we experience the effects of wide-spread overdevelopment.

Homes in Roseville are found in is the last ‘urban’ community in Placer County. The Sierra Nevada Foothills offer far more suburban and rural accommodations than the areas surrounding Sacramento. With more than twice the residents of neighboring cities in Placer County, a strong revenue base, and a variety of shopping and entertainment attractions, Roseville will continue to be the magnet city for the region and the leader in growth for Placer County.

Read More

National Housing Price Index up 10.5% from March 2012. Is this Another Bubble?

Mary Pizzimenti 03/07/2013
National housing prices gaining strength

Even with unexpectedly strong increases in housing prices in the last 12 months, there’s still room for growth in the housing market. But how much?

The latest Core Logic Housing Price Index (HPI) data shows that national housing prices in March 2013 are up 10.5% from March 2012. After 19 months of consecutive decline in the year-over-year HPI, March 2012 showed a 1.13% increase over March 2011. For the last 13 months up until March 2013 that number has steadily increased to 10.54% based on the latest data. At first glance it may appear that we are seeing the beginning of another bubble, however appearances can often be misleading.

As Paul Diggle, Property Analyst for Capital Economics notes in the article, “…if house prices and incomes continued rising at their current rate, the house price-to-income ratio wouldn’t return to its long-run average until 2017.” It took the housing market 4 years to reach the dizzying heights of its peak just before the crash. This single year increase of over 10% is nothing compared to the unbridled increases we saw in the early 2000’s.

A quick look at CoreLogic’s data shows several states saw annual growth that EXCEEDED 10% for 3 consecutive years. Let’s take a look at an example of what that kind of growth means. A home  purchased in 2002 for $500,000, would be able to sell for over $665,000 by the end of 2005. Growth like that simply can’t go on forever. If the trend had continued that same house would be worth around $1.3 Million today. If that is the type of return on investment you’re looking for in the housing market then you need to reconsider your investment plans

Markets reward those with patience. Remember when the U.S. Stock Market was falling with seemingly no end in sight? Well that same market is once again back to its old value and reaching for a new high. And that is what is driving the housing market these days: patience. Long gone are the days of homebuyers expecting to sell their home a year after purchasing it for a profit. Instead a new kind of apprehension and respect for the market has settled in, and that doesn’t leave much room for those looking to squeeze quick profits from the market.

In a statement made 5/16/13 CoreLogic predicts, “Home prices projected to increase 3.9 percent annually over next five years, following a 7.3 percent rise in 2012.” That is exactly the kind of consistent and healthy growth we’ve been looking for from the U.S. housing market since the crash. With regular scrutiny of the CoreLogic data we will continue to track this trend as we wait and see if their predictions ring true.

Read More

Roseville Hosts Monthly Food Truck Mania

Mary Pizzimenti 03/07/2013
Food Truck Mania in Roseville, CA

Sacramento Mobile Foods (SactoMoFo) hosts monthly Food Truck Mania in Roseville. This eclectic culinary event occurs every 2nd Thursday at the corner of Washington and Vernon in the recently revitalized Downtown Vernon Street Shopping District. The next event will be Thursday, July 11th. As Roseville continues to encourage new and exciting community events it will ensure the city maintains its reputation in the region as a destination for entertainment, shopping, and modern culture.

Roseville Embraces the Food Truck Revolution

Food trucks are California’s answer to the wildly popular street food vendors found throughout the busiest streets in Manhattan. The success of mobile food trucks was aided by social media as the forerunners of this craze started using Facebook and Twitter to announce their whereabouts. Now, food truck events have sprung up in every city in the country. The social media influence on this newly formed American tradition has helped these events build a stronger sense of community as it provides residents with an opportunity to enjoy a wide variety of foods right in their neighborhood.

Unlike street fairs or farmers markets which generally involve a great deal more planning and set up, food truck events can almost appear out of nowhere. A typical street corner can quickly transform in to a festival of every type of food from vegan cuisine to gourmet grilled cheese. Some of the trucks that can be seen at Food Truck Mania include; Krush Burger, Drewski’s Hot Rod, Knucklehead Hot Dog Diner, Smoothie Patrol, and Volkswaffle.

Food Trucks are also a great way to provide catering for larger community and private events. If you’re looking to book 3 or more trucks for an upcoming event SactoMoFo can help. Food trucks can easily provide a number of meal options with significantly less hassle. “With a variety of cuisines all built in to one event, and no additional equipment to rent, our services showcase the Greater Sacramento Area food scene while easily adding gourmet value to your event,” says Paul Somerhausen, Coordinator at SactoMoFo.

For a list of the trucks that will be attending the next Food Truck Mania event or to book their trucks for your next event head over to the SactoMoFo website.

Read More

49 Placer County Schools Receive Honor Roll Distinction

Mary Pizzimenti 25/06/2013

49 Placer County public schools were included in the California Business for Education Excellence (CBEE) 2012 Honor Roll list. This program awards schools showing a dedication to more than just their overall academic achievement. The CBEE wants to honor the schools that are “getting it right for all students,” says Greg Jones, CBEE Chairman. The award has its eye on the variance between a school’s highest achievers and its lowest. The smaller that gap is, the better the school is at helping all of its students succeed.

What’s the Goal of the CBEE and the Honor Roll distinction?

Beyond just recognizing the schools that are reaching the greatest number of their students the CBEE wants to use these schools as role models for schools that didn’t make the grade. “To ensure more of our schools succeed,” says Jones, “we must change the conversation from being about fixing failing schools to one that focuses on replicating the success of schools like those on the Honor Roll.”

Since the program started in 2005, the number of schools tapped for this honor has increased nearly 10 fold, from 261 schools to 2,108 schools in 2012. This means that, according to the CBEE, nearly 1900 California Public Schools have noticeably improved their academic performance amongst all their students in less than a decade.

News of Great Schools in Placer County is Nothing New

Granite Bay High School in Placer County

In the 8 years since the program began a number of Placer County public schools have consistently made the grade. Granite Bay High and Rocklin’s Valley View Elementary have been honored a total of 6 times, and Rocklin Academy in the Rocklin Unified School District has the distinction as the only Placer County school to receive the honor every year since the program’s inception.

Awards such as this are nothing new for many Placer County schools, particularly those in Roseville, Rocklin, and Granite Bay. These communities have shown a strong commitment to education. The Eureka Schools Foundation, a community driven organization that finds private donations to help fund the areas public schools, is an example of that commitment.

The 2012 Placer County Schools on the CBEE Honor Roll

School Name

School District

Antelope Meadows Elementary

Dry Creek Joint Elementary

Coyote Ridge Elementary

Dry Creek Joint Elementary

Heritage Oak Elementary

Dry Creek Joint Elementary

Quail Glen Elementary

Dry Creek Joint Elementary

Greenhills Elementary

Eureka Union

Maidu Elementary

Eureka Union

Oakhills Elementary

Eureka Union

Olympus Junior High

Eureka Union

Ridgeview Elementary

Eureka Union

Willma Cavitt Junior High

Eureka Union

Franklin Elementary

Loomis Union Elementary

Loomis Basin Charter

Loomis Union Elementary

Loomis Elementary

Loomis Union Elementary

Ophir Elementary

Loomis Union Elementary

Placer Elementary

Loomis Union Elementary

Newcastle Charter

Newcastle Elementary

Newcastle Elementary

Newcastle Elementary

Weimar Hills

Placer Hills Union Elementary

Colfax High

Placer Union High

Del Oro High

Placer Union High

Antelope Creek Elementary

Rocklin Unified

Breen Elementary

Rocklin Unified

Cobblestone Elementary

Rocklin Unified

Granite Oaks Middle

Rocklin Unified

Rock Creek Elementary

Rocklin Unified

Rocklin Academy

Rocklin Unified

Rocklin Elementary

Rocklin Unified

Rocklin High

Rocklin Unified

Ruhkala Elementary

Rocklin Unified

Sierra Elementary

Rocklin Unified

Spring View Middle

Rocklin Unified

Twin Oaks Elementary

Rocklin Unified

Valley View Elementary

Rocklin Unified

Whitney High

Rocklin Unified

Blue Oaks Elementary

Roseville City Elementary

Catheryn Gates Elementary

Roseville City Elementary

Crestmont Elementary

Roseville City Elementary

Diamond Creek Elementary

Roseville City Elementary

Junction Elementary

Roseville City Elementary

Robert C. Cooley Middle

Roseville City Elementary

Stoneridge Elementary

Roseville City Elementary

Thomas Jefferson Elementary

Roseville City Elementary

Warren T. Eich Intermediate

Roseville City Elementary

Antelope High

Roseville Joint Union High

Granite Bay High

Roseville Joint Union High

Woodcreek High

Roseville Joint Union High

Western Sierra Collegiate Academy

SBE – Western Sierra Collegiate Academy

Twelve Bridges Elementary

Western Placer Unified

Twelve Bridges Middle

Western Placer Unified

 

Read More

Welcome to PHA Realty’s Placer & Nevada County Blog!

Mary Pizzimenti 21/06/2013
PHA Realty Open for Business

Hello,

I am Mary Pizzimenti Founder and CEO of PHA Realty and I would like to personally welcome you to our newly re-designed website! After months of working to improve the site’s features and functionality we’re very proud to unveil a variety of new tools designed with you in mind. Our goal is to be your destination for real estate in Placer County and Nevada County. We know you have a lot of options in the market so we want to empower you with the real estate news, information, and tools you need to make informed decisions when buying or selling a home.

If you check back often you’ll find up-to-date information on the housing market, advice and opinions about developing trends in Nevada and Placer County real estate, tips to increase your home’s value, information about upcoming community events, and so much more. By subscribing to our Blog, ‘liking’ us on Facebook, or following us on Twitter you’ll receive automatic notifications when we add new information to the website. Keeping you updated with the Placer and Nevada County real estate news you want, easily and conveniently.

Buying & Selling Placer County & Nevada County Homes

It’s in your best interest to take a look around and get to know our new site! If you are looking to buy a new home you may want to start at our Buying page. Here you’ll find tools like our Mortgage Calculator to help you determine your price range, or a description of the home-buying process for first-time buyers who are wary or unsure of the path to home ownership. Our Selling page has tips and tools geared toward home sellers and our powerful new Property Search Tool can be used by buyers and sellers alike. And our Communities pages are a great place to learn more about the cities and neighborhoods throughout Nevada and Placer County.

PHA Realty’s Free Registration

And if you really want to make our site work for you creating a user account will unlock even more features. With your account you’ll be able to quickly store your favorite homes so you can easily access them later. You can also save your favorite searches as well as return to a search in progress. Most importantly, your profile helps us to understand you better. Based on the activities you’ve completed on our site we’ll be able to learn more about what you want and what we can do to help you find the home of your dreams.

Sign up now for your account and get your property search started with tools that are tailored to you.

We hope you find everything you need in our site and when you’re ready to speak with a licensed professional about your plans for the future, we’ll be ready to listen. That’s because at PHA Realty our business is Placery County & Nevada County real estate but our greatest asset is YOU.

Welcome!

Read More