Local Market

Aug. 23, 2019

June Buyer Foot Traffic Report

Buyer traffic index decreased 5.6 points in June from May.  Home showings pulled back in June from one year ago, with an upside potential given low mortgage rates and strong job growth.

California Real Estate Foot Traffic for June 2019

Every month SentriLock, LLC. provides NAR with data on the number of properties shown by a ...

View More
Posted in Local Market
Aug. 16, 2019

Mortgage Industry Market Update: July 2019

Hello to all of Tim and Elizabeth's favorite clients!

Interest rates have DROPPED in the past several weeks to their lowest levels in over 2 years! That is good news if you're going to enter a real estate market that seems to be going through a correction. If ...

View More
Posted in Local Market
July 19, 2019

Market Update: June 2019

California Association of Realtors Market Snapshot

A New Peak … but Will Home Prices Continue to Rise?

California home prices continued to rise as the market approached the peak of its home buying season. After setting a record high in April 2019, the state median price inched up again and reached a new peak in May ...

View More
Posted in 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 ...

View More
Posted in Local Market
May 17, 2019

March 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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
Posted in Local Market