Real Estate Experts Biggest Housing Issues for 2021
A survey was conducted in the fourth quarter of 2020 of real estate professionals to determine the biggest stumbling blocks to growth in 2021.The following are some of the key trends they see as potential difficulties: Inventory shortages: With levels down 22% from the previous year, this was the main concern of 84% of those…
Read more2021 Housing Forecast Looking Rosy
Most of us living in California will be happy to bid, “Good riddance” to 2020. While much of the hallmarks of this past year will go away, the rising home prices in many California counties which became distinct characteristic of this past year, may be here to stay. Realtor.com’s housing forecast predicts record-high prices will…
Read moreWhat’s Happening in the Orange County Real Estate Market?
Orange County’s homebuying rebound continued in September with sales hitting a pace not seen since 2005. A study done by DQNews (a service that provides home sales and mortgage statistics for the U.S.) shows a market fueled by historically low interest rates, coronavirus-led urges for more space, and a limited inventory for house hunters to…
Read moreHave Tax Questions About Selling Your Home?
A recent article posted on Intuit’s Turbo Tax website addressed a series of questions and answers that every property seller should know before engaging in a real estate contract. This is good information to be aware of, thus our sharing. Providing answers to these questions is “out of bounds” for anyone without the proper legal…
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 moreWhat Will Happen to the Housing Market This Year?
This is the question on everyone’s mind, whether you own or rent. When the economy will turn around is crucial to all our lives. The National Association of Realtors (NAR) did a flash survey on May 7, 2020 and concluded from their results that “home sellers are gearing up to list their properties with the…
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 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…
Read more
