Second Half of 2020 Real Estate Market Looking Good
Take a breath! There’s good news ahead. According to many economists we are going to start to see an economic rebound in the second half of this year. Here’s a look at what some of the experts are saying: Jerome Powell, Federal Reserve Chairman: “I think there’s a good chance that there’ll be positive growth…
Read moreSpring Real Estate Boom Has Shifted to Summer
With the stay-at-home order gradually lifting, what was once the boom in real estate during the spring, is just now showing signs of life again as we enter summer. To quote Joel Kan, Economist at The Mortgage Bankers Association: “Applications for home purchases continue to recover from April’s sizable drop and have now increased for…
Read moreSonoma County Real Estate Report for March
In examining the March real estate market results, it is important to recognize that there is a time-lag of 3-6 weeks between a listing coming on the market and an offer being accepted. With this in mind, almost all the sales data we have as of the first week in April reflects the market before…
Read moreReal Estate is an “Essential” Business
With strict regulations in place regarding self-distancing, what is to become of the real estate market? While California real estate sales is now deemed an “essential” industry, it does not mean back to business as usual. All realtors still need to follow health guidelines and each city and county can stipulate what that looks like…
Read moreWhat is a Good Return on Real Estate Investment?
There is no question that investing in real estate can be profitable. However, it is important to be realistic and that you keep your goals achievable. First of all, you need to keep in mind that you will not make a profit overnight. Secondly, you need to understand that the location of your property will…
Read moreHomeownership and Tax Breaks
Besides the wealth accumulation that property appreciation affords, tax breaks are another way homeowners benefit from their real estate investments. Here are some facts that set the record straight on the tax advantages of homeownership: Mortgage Interest: Homeowners with a mortgage that went into effect before December 15, 2017, can deduct interest on loans up…
Read moreLos Angeles 4th Quarter Real Estate Market Report
Recently Compass California Real Estate issued a 4th quarter report on the sales activity in the larger Los Angeles area. The report heralds a favorable start to 2020 with overall sales increasing more than 7%, although the average home sales prices varied from market to market. Here is a brief summary of a few areas:…
Read moreIs It The Right Time To Sell Or Buy In California?
People generally believe that the winter months are not the best time to list their home for sale; however, a recent report in Showingtime, a real estate industry magazine, reveals how this year is different all over the country: Buyer activity is way up compared to the same time last year. The West, specifically, saw…
Read moreQ4 2019 Sonoma and Napa Counties Real Estate Reports
Recent Sonoma and Napa Counties real estate statistics reveal a flattening of the market experienced last quarter: Napa County # of closed sales = 276 (1% decrease over prior year) Average sales price: $1.0 Million (9% decrease over prior year) Sonoma County # of closed sales = 1,022 (2% decrease over prior year) Average sales…
Read moreReal Estate Predictions for 2020
At the end of the year all eyes are on the new year. Too bad we don’t have a crystal ball to predict the real estate market of the future. We only have the current situation and historical trends to guide us. Real estate market trends are driven by several factors: inventories, home prices, interest…
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