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Santa Rosa Sees New Interest from Buyers

Sep 15, 2020 (0) comment , , , , , , ,

Santa Rosa Sees New Interest from Buyers

Santa Rosa Sees New Interest from Buyers Local Sonoma County Realtor, Jeff Schween, published an article in the Press Democrat on August 16, 2020 summarizing today’s happenings in the Santa Rosa real estate market.  He says we are seeing a shift in affluency from larger metro markets to nearby suburbia.  In the past, buyers looking…

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Wildfires and Sonoma County Real Estate Market

Sep 08, 2020 (0) comment , , , , , , , , ,

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While the fires have no doubt slowed real estate buying & selling activity in the North Bay for the time being, we know from past disaster experiences, that we can expect the market to tighten up.  With more demands for housing already existing within Sonoma County and surrounding regions – and the demands being placed…

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So Many Mortgage Changes…So Many Myths!

Sep 01, 2020 (0) comment , , , , , , , ,

So Many Mortgage Myths

In an excellent article written by Erica Sweeney for Realtor.com, the author lists common myths that she wishes to debunk.  We feel that this article is so on-point with California mortgage market, that we want to share the essence with you. Recent days have brought on changes unheard of in the past, especially in the…

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Not Even the Pandemic Can Keep Home Prices Down

Aug 25, 2020 (0) comment , , , , , , ,

Not Even the Pandemic Can Keep Home Prices Down

Not just the California real estate market but majority of the US market has surprised even the most knowledgeable experts in the field.  Despite the crippling pandemic, unemployment crisis, a recession, and the looming presidential election, the residential real estate market is staging a surprising rebound. According to realtor.com, the median home price increased by…

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California Homeowners Are in the Driver’s Seat

Aug 18, 2020 (0) comment , , , , , , , ,

California Homeowners Are in the Drivers Seat

If you have been considering a move up or buy your first-time home, consider this the optimal time to make the investment!  While today’s homeowners have been staying in their homes longer, equity has been building, and when equity grows, selling a house becomes increasingly desirable.  This equity can now be applied forward to the…

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California Real Estate Remains Best Long-Term Investment

Aug 11, 2020 (0) comment , , , , , , ,

California Real Estate Remains Best Long Term Investment

For the seventh year in a row, Gallup is reporting that more Americans prefer real estate over other long-term investments as a vehicle for wealth growth.  The total numbers align like this:  35% prefer real estate, 21% prefer stocks, 17% CDs/bank accounts, and 16% prefer gold. The Gallup Poll goes on to state: “Americans have…

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Are California Buyers Still in Bidding Wars?

Aug 04, 2020 (0) comment , , , , , , ,

Are California Buyers Still in Bidding Wars

Because of the lack of inventory that still exists in California real estate markets, sellers remain in the driver’s seat.  At the beginning of the pandemic, in early March, there were many who feared that this recession would trigger a repeat of the 2008 real estate debacle.  By May, the real estate market surprised the…

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Recession? Yes, California Housing Market Crash? No

Jul 28, 2020 (0) comment , , , , , , ,

Recession Yes California Housing Market Crash No

The National Board of Economic Research (NBER) has announced that the U.S. economy is officially in a recession.  To which most of us would respond, “No kidding!”  The Bureau defines a recession like this: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators.”…

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Look for a Rebound in the Housing Market

Jul 14, 2020 (0) comment , , , , , , ,

Look for a Rebound in the Housing Market

A hopeful sign of the economic recovery was reported by The National Association of Realtors (NAR) last month when they found that pending home sales increased by 44.3% in May.  This statistic registered the highest month-over-month gain in the index since NAR started tracking this metric in 2001. According to the Pending Home Sales Index…

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Southern California and Home Prices After Covid-19

Jun 23, 2020 (0) comment , , , ,

Southern California and Home Prices After Corona 19

While it is still relatively early in the battle against this pandemic, real estate history does hold some lessons for us regarding what’s next for housing. It is generally agreed that today’s economic downturn will not be another Great Recession that decimates local home prices.  Real estate had been on a roll up until March…

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