Local Market

June 7, 2019

Market Update: May 2019

California Association of Realtors Market Snapshot

Top 5 Reasons You Should Become a Homeowner

Buying a home is a complicated process. Even finding the right home can be difficult in California’s inventory constrained market. Once you do, there is the negotiation process, contracts, inspections, appraisals, financing, and myriad other issues that pop up along the way ...

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Posted in Local Market
May 17, 2019

Buyer Foot Traffic Report

Buyer traffic is starting out slightly sluggish this spring, but may pick up in the later spring months due to rising inventory.

California Real Estate Foot Traffic for March 2019

Every month SentriLock, LLC. provides NAR with data on the number of properties shown by a REALTOR®. SentriLock Lockboxes are used in roughly a third of home showings across ...

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Posted in Local Market
May 10, 2019

Market Update: April 2019

California Association of Realtors Market Snapshot

Goldilocks Housing Season – Good Time to Buy and Sell?

The housing market in California remained soft in March with sales dropping and prices leveling off at the end of the first quarter. Home sales have been declining on a year-over-year basis for 11 consecutive months and the average decrease ...

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Posted in Local Market
April 26, 2019

Mortgage Industry Update April 2019

Hello again!    

   Interest rates have dipped slightly in the past several weeks which is good news for you in a real estate market that seems to be going through a correction.  If you got a loan in the late summer 2018, you may want to explore ...

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Posted in Local Market
April 5, 2019

Market Update: March 2019

California Association of Realtors Market Snapshot

Tight Supply » Low Affordability » Outmigration

Outmigration continues to be a big concern for the California housing market. Caused by the state’s housing affordability issue, outmigration has resulted in about 800,000 people leaving California since 2010. As of the fourth quarter of 2018, only 28 percent of California ...

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Posted in Local Market
March 8, 2019

Market Update: February 2019

California Association of Realtors Market Snapshot January 2019

2019 Market Outlook - Sales Soften, Prices Flatline

2018 was a lackluster year for the California housing market. While remaining above the 400,000 benchmark, home sales fell 5.2 percent to 402,750, the state’s first decline in four years. Sales have been declining on a year-over-year basis for eight ...

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Posted in Local Market
Feb. 8, 2019

Mortgage Industry Update January 2019

Here's a friendly letter from a long time loan agent. 

I thought you'd enjoy the read, if you're looking for loan advice.

Interest rates have dipped slightly in the past several weeks which is good news for your buyers in a real estate market that seems ...

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Posted in Local Market
July 6, 2018

#SignsYouAreAMillennial

You are being targeted to purchase a home, because we count on you for economic growth moving forward.

Local Market Update - 7/6/18: Mortgage rates are getting better!

All Spring, when we're suppose to be setting the prices for the Summer, I was at a loss as to ...

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Posted in Local Market
June 26, 2018

Market Update: 6/26/18 - Is this a buyer's market yet?

Market Update:  My thoughts on the whole thing :-)

Everywhere I read and in my personal experience, there's just not much inventory moving. Sales came to a screeching halt about 5 months ago.  The theme is due to the super low supply levels, and it certainly doesn't ...

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Posted in Local Market
June 17, 2018

Mortgage Rates: Week ending 6/14/18

Market Update:  My thoughts on the whole thing :-)

Rates are the second highest they've been all year.  My clients now seem to be finding homes they like and are willing to make the bid. There's just more inventory to choose from. 

  • On one side of the ...
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Posted in Local Market