Todd & Lisa Sheppard
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Archive for June 2013

California Home Values Hit Historic Highs

June 27th, 2013   by lisasheppard


Things are coming up golden for homeowners in the Golden State, as median sale prices rocket to heights not seen since 1980.

To read the full report, Click Here.

Real Estate Roundup: Interest Rates Still a Bargain

June 26th, 2013   by lisasheppard


Piggy bank

Recent news of interest to homebuyers, home sellers, and the home-curious includes a reminder from Freddie Mac that interest rates are expected to remain near their 60-year historical lows — at least through the end of 2013. Also, sales of existing homes reached their highest levels in nearly four years, while builders scrambled to catch up with demand.

To read the full report, Click Here.

Bay Area Home Prices Within Sight of 2007 Peak

June 21st, 2013   by lisasheppard


Image of arrows pointing up

As home prices in the Bay Area continue their remarkable upward trajectory due to an improving economy, low interest rates, demand and continued investor interest.  Observers are beginning  to talk of the once-unmentionable: finally erasing the losses suffered in the housing market collapse of 2008-2009, when property values dropped like a lead balloon.

To read the full report, Click Here.


Asking Prices Way Up in Expensive U.S. Markets

June 18th, 2013   by lisasheppard


St. Helena high-end home

Homes in the most expensive markets across the country got a lot pricier over the last year. A new report shows whopping year-over-year asking price hikes in costly U.S. markets, including Oakland and San Francisco.

Click Here to read more.


Pacific Union’s May Real Estate Update

June 13th, 2013   by lisasheppard

Sonoma County monthly market update


Home prices have been rising in Sonoma County almost without exception for more than a year. The median sales prices pulled back by $10,000 in May from a month earlier to $425,000 but remained 29 percent higher than in May 2012.

Sales prices hovered near 94 percent of original prices over the past year but jumped to 99.3 percent in May.

The housing inventory fell to a 1.5-month supply, the lowest level in more than a year, and average days on the market declined to 68, compared with 98 a year earlier.

To read the full report and get information about other Bay Area counties, Click Here.

Real Estate Roundup: Trouble Getting a Loan Means Trouble Buying a Home

June 13th, 2013   by lisasheppard

House built of $100 bills

Ninety percent of renters say they expect to become home owners but feel that today’s stringent home loan standards are an obstacle, the rebounding housing industry and strong gains in the stock market have helped Americans regain wealth lost during the recession, and home prices saw the biggest gain in April in 7 years.

To read more, Click Here.


Shopping for a Home Loan? Make Sure You Check Your Credit Reports for Errors

June 10th, 2013   by lisasheppard

Yellow road sign bearing the word "credit"

Nearly a quarter of all American adults have discovered problems with their credit reports, according to a recent survey.

Some of the most common errors included incorrect credit history, identity theft or information mixed up with another person, and credit scores incorrectly reported as being too low — all critical mistakes that can torpedo an otherwise sterling mortgage application.

If you’re in the market for a home loan, it’s critical that you review your credit reports from the three major credit reporting agencies — Equifax, Experian, and TransUnion — and promptly correct any mistakes.

To read more, Click Here.


San Francisco, Santa Rosa Metro Areas Ranked Among Top 25 Spots for Home Flipping

June 10th, 2013   by lisasheppard

Home flipping

Did home flipping make a big comeback in the Bay Area last year? A recent report suggests that’s the case.

The San Francisco and Santa Rosa metropolitan areas landed on a list of the top 25 markets in which to flip a property.

To read the full report, Click Here.


Real Estate Roundup: Short Sales, Pending Sales Down; Bay Area Home Prices up 22.2%

June 4th, 2013   by lisasheppard

Photo of hundred-dollar bills

Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that short sales are down as owners see a chance at making a profit from their underwater homes. Also: Pending home sales decreased in the West, and a new report says home sales in the Bay Area surged 22.2 percent in one year.

To read the full report, Click Here.

A Perfect Long Weekend in Healdsburg

June 3rd, 2013   by lisasheppard


Looking for the perfect getaway weekend? Healdsburg may be exactly what you’re looking for.  From quaint boutiques to acclaimed eateries offering great wines and food, Healdsburg has that small town feeling with all the amenities of a big city. Here’s what to do in Healdsburg and the surrounding valleys of northern Sonoma in just under three days.

To read more, Click Here.