Posts Tagged :

housing market

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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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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rate drop, rate decrease, mortgage rate

Mortgage Rates Drop For Third Time in 2019

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For the third time this year, The Federal Reserve has lowered the target range for the key, short-term federal funds rate by 25 basis points. This cut almost fully reverses the increases we saw in 2018. The FOMC views these enacted reductions as part of a mid-cycle (mid-late-cycle may be more accurate) adjustment to ensure…

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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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The Ideal Millennial Home

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Surprisingly, or not, millennials prefer a different home layout than other generations. Millennials are more inclined to want features such as two-story homes, open layouts, and a greater number of bedrooms and bathrooms than other generations, according to data from NAHB’s “What Home Buyers Really Want” report. According to a recent article from the National Association…

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Affordable Housing Coming To Sacramento

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Believe it or not, affordable housing is on its way to Sacramento. California Governor, Gavin Newsome, is putting his January initiative into action and is bringing affordable housing into Sacramento. The goal is to increase housing opportunities for those that make 40%, 60%, or 80% of the area median income. According to The Sacramento Bee…

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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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rate drop, rate decrease, mortgage rate

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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What the Millennial Home Buyer Wants

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Millennials are entering the housing market full force, and they know what they want. And DON’T want. Not surprisingly, the wants of a Millennial differ from Baby Boomers and Gen Xers. A recent article from NAHBnow.com put together a list of the top 10 features millennials want in their home compared to other generations. No. 1 on…

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