Many potential buyers that I speak with often tell me that they are waiting for another wave of foreclosures after the moratorium lifts. According to leading economists at Keeping Current Matters, don't expect a glut of distressed properties on the market this year (or the beginning of next year if the eviction moratorium proposed by … Continue reading
April 2021 Market Update
Every month I feel like I say the same thing. Mortgage rates are still near historic lows, there isn't enough inventory, there are a lot of buyers, housing prices continue to rise significantly. Still in a seller's market... In fact, the median home price in American Canyon rose by 23% and the number of homes … Continue reading
Weekend Book Read for April 9, 2021
Ah yes...best laid plans for a weekly book recommendation. So monthly it is! And to that end, since April is National Poetry Month, I thought that I'd sing the praises of Safia Elhillo's new story, Home is Not a Country. It would be easy to promote The Hill We Climb, because it was so amazing … Continue reading
Are We in a Housing Bubble?
As a real estate professional, it's important that I stay on top of current trends. Keeping Current Matters (KCM) is one of those companies that I follow very closely. Understandably, both buyers and sellers are interested in whether or not we are in a housing bubble. KCM digs deep on a continual basis, looking into … Continue reading
Your Weekend Read
Reading feeds my soul, so I read a lot. I thought that I'd start letting people in on some of the best books that I have the opportunity to read over the course of the year. Some of these are newer titles; some of the titles are classics. I will be reviewing both fiction and … Continue reading
March Market Update
New homes for sale started to bounce back in February. The name of the game for American Canyon and the surrounding areas continues to be a severe shortage of inventory. There are only 5 active homes on the market in AC this morning, only 55 in Vallejo, 47 in Fairfield, 9 in Benicia, and 9 … Continue reading
Mortgage Rates by Decade
Have you been thinking about buying a home but are wondering about where interest rates stack up? Here's a historical look at interest rates since the 1970's. Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a … Continue reading
105 Carlisle Way, Benicia | Just Sold – Case Study
105 Carlisle Way | Benicia, CA Just sold for $510,000 Case Study When the seller first came to me in March, 2019, I thought that this would be a relatively simple, straightforward transaction. Boy, was I ever wrong. Through many trials and tribulations, and 23 months later, we finally closed escrow a couple of days … Continue reading
Are We in a Housing Bubble?
I've spoken to scores of buyers over the last few years, many of whom are waiting for the bubble to burst. When I'm asked if I think that the market is headed for a correction, my answer is generally, "No." And here's an article from one of the leading real estate research firms to describe … Continue reading
Lies. Damn Lies. And Statistics.
Former British Prime Minister, Benjamin Disraeli once quipped that "there are three kinds of lies: lies, damn lies, and statistics." January's numbers for American Canyon bare this out beautifully. Median and average sales prices both dropped dramatically from January, 2020. Median days on market more than doubled from the month before. Sales price was only … Continue reading
