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…
Read moreWildfires and Sonoma County Real Estate Market
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…
Read moreSo Many Mortgage Changes…So Many 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…
Read moreNot 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…
Read moreCalifornia Homeowners Are in the Driver’s 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…
Read moreCalifornia 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…
Read moreAre 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…
Read moreRecession? 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.”…
Read moreLook 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…
Read moreSouthern California and Home Prices After Covid-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…
Read more
