real estate market

California Real Estate Market

The State of the California Real Estate Market

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  The effects of COVID-19 caused the entire country to pause their plans on buying a home. However, once stay-at-home orders were lifted, homebuyers and sellers were ready to pick back up where they left off. While some sections of the state will take a little white to fully rebound, most of California is ready…

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mortgage rates drop due to coronavirus

Mortgage Rates Drop to Second Lowest Level in Three Years

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The Coronavirus has caused a great deal of concern not only on the health front, but on the home front as well. The 30-year fixed-rate mortgage averaged 3.51% during the week ending Jan. 30. The average rate on the 30-year mortgage is almost a full percentage point lower now than it was a year ago. The…

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Higher Loan Limits in Effect for 2020

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2019 is over and Fannie and Freddie are giving new, larger loans in 2020. Fannie Mae, Freddie Mac, and the Federal Housing Administration are now backing larger mortgages than they were just a few weeks ago. This is because each of the loan agencies’ loan limits are higher than they were in 2019. With home prices…

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housing trends in 2020

10 Trends to Watch in 2020

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With just a few more weeks left in 2019, we are looking ahead to 2020 and what it will bring the real estate industry. In the annual Emerging Trends report from the Urban Land Institute, we get a sense that we’re in for a soft landing, not a sudden crash. While economic and political uncertainty…

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3 Tips to Help You Beat the Home Buying Market

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If you are looking to buy a home, it can be tricky in a seller’s market. With home prices continuing to reach new highs and mortgage interest rates remaining low, it is a challenging time to be in the market for a new home. What if you had a couple tips that could help you…

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real estate market

Predictions for the 2020 Real Estate Market

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With just a few more weeks left of 2019, it’s time to look ahead to 2020. This past year has brought a surprising amount of highs and lows for the real estate market, however, the past few months have steadied out. What should we expect in 2020? More of the same? In a recent article from…

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New Home Sales Will Reach 13-Year High

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It’s hard to believe that 2019 is almost over and we are just a few weeks away from 2020. As we near the new year, experts in the real estate industry are already predicting 2020 to be a great year for home buying and selling. The National Association of Realtors is predicting that new home…

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Homebuilders Confidence Increases as Demand Rises

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Good news for homebuilders throughout the country, the demand for newly-built single-family homes rose three points to 71 in October.  One of the biggest contributors to the increase in demand is low mortgage rates. A recent article from the National Association of Home Builders states: “The second half of 2019 has seen steady gains in single-family construction,…

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Sonoma County Housing Pricing Increases

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The fires in October 2017 in Sonoma County have many residents that were affected re-evaluating their housing situation.  Instead of rebuilding homes that were lost in the fire, many are opting to buy a pre-existing home. This wave of buyers is driving up the costs of single-family homes and putting pressure on an already dwindled…

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presidential election affects the housing market

Are Rate Cuts Coming?

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Good news for homebuyers. The Federal Reserve is going to be dropping rates once again. Federal Reserve Chair, Jerome Powell, stated that the Fed would act “as appropriate” in order to maintain the current economic expansion. As we near 2020, it is predicted the Fed will continue dropping rates to keep up with the longest economic…

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