Sonoma County Fire Help
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After enduring yet another fire in our community, we want to take this opportunity to share the efforts of certain local organizations.
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Real Estate Report - August 2020
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The Coronavirus has massively impacted our economy and sadly as a result, millions of Americans have lost their jobs, businesses and for many, dreams have slipped away. Surprisingly, against all common sense, the exact opposite is happening nationwide in the real estate market.
Read MoreHomes Are More Affordable Right Now Than They Have Been in Years
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Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise.
Read MoreWhy Homeowners Have Great Selling Power Today
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We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. Here’s a breakdown of why it’s a great time to capitalize on equity gain in today’s market.
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Thinking of Selling Your House? Now May be the Right Time
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Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers.
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What are the experts saying?
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Six of the other eight forecasts call for appreciation, and the two who project depreciation indicate it will be one percent or less.
Read MoreJuly 2020 Market Update
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Despite the ongoing health and economic crisis precipitated by COVID-19, the Sonoma County real estate market has staged a dramatic recovery from the steep declines in March and April. Buyer demand has skyrocketed, and high-end homes, in particular, have seen extremely strong sales activity.
Read MoreA Historic Rebound for the Housing Market
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Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important?
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