In my last blog, I spoke about how there were three things that your professional realtor® should do for you to make sure that you get more of what you want: 1. Know the inventory; 2. Ask Questions; 3. Negotiate Earlier this week I wrote about inventory knowledge. In case you missed it, it's important. … Continue reading
I get that question at least once or twice every single open house. Short answer is I don't think so. The longer answer is always a little more complex. No, we aren't in for another housing collapse but we are headed straight for another housing crisis...or as one editorial put it: "housing catastrophe." It is … Continue reading
Inventory is up in Solano County this week. Interest rates are back down...things are looking up for a huge spring selling season.
Solano inventory dropped for the second straight week last week while Napa County remained relatively static. Anecdotally, the housing market is still moving at a brisk pace throughout the region. Sales are down in American Canyon but prices are way up. This appears to be the case throughout the rest of the region. After the … Continue reading
Inventory dropped in Solano County this week while Napa County remained relatively stagnant. At the same time, mortgage rates continued to tick up. The big real estate news this week, however, came on Friday as the new administration decided not to cut the insurance premium on FHA loans. It's too early to say exactly what … Continue reading
The American Canyon market is starting to heat up already. After a torrid December, January looks like it is going to be extremely busy as well. 21 homes are in contract, 10 of which are pending (although I'm hearing that one of them is off the market today!) make it look like it will be … Continue reading
Slight bump in inventory throughout Napa and Solano Counties after the holidays which is to be expected. A nice surprise, however, was the interest rate retreating towards pre-election rates as they fell just below 4%.
The big real estate news coming out of last week was the Fed's decision to raise the short term interest rate .25%. Interest rates rose sharply. The current whispers in the real estate world is how an increase in mortgage rates will effect home affordability - some estimates say that a rise of just 0.5% … Continue reading