Todd & Lisa Sheppard
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Archive for July 2014

Three Reasons Why This Housing Cycle Is Not a Bubble

July 30th, 2014   by lisasheppard


The Bay Area’s booming job market, rapidly growing population, and limited supply of housing stock will continue to drive demand for real estate in the coming years. Pacific Union CEO Mark A. McLaughlin offers his thoughts on why our region’s markets aren’t headed for a bubble.

To read more, Click Here.

A Cautionary Note About Leased Solar Panels

July 28th, 2014   by lisasheppard


Thinking of adding solar panels to the roof of your house? They’re a great way to help the environment and cut energy bills, but a recent new report cautions that leased solar systems could turn off some homebuyers down the road.

To read more, Click Here.

Pacific Union Quarterly Report: Q2 2014

July 28th, 2014   by lisasheppard



After a slow start in the first quarter, home sales in Pacific Union’s Sonoma County region picked up significantly in the second quarter as more, higher-priced inventory arrived on the market.

After sitting on the fence for years, sellers saw equity levels rise substantially and decided the time was right to get in the game. Buyers, meanwhile, were anxious to take advantage of the expanded supply. Many homes received multiple offers, but typically two or three per property – not the 10 or 12 bids seen over the past year.The median sales price rose moderately, but less because of appreciation and more due to the changing nature of home sales. A few years ago the Sonoma County market consisted mostly of short sales and foreclosures, which today account for 10 percent or less of sales.

Equity sales and higher-priced properties are currently predominant as the housing recovery advances and the market returns to normalcy.

Looking Forward: So long as the inventory of available homes continues to rise, we expect continued growth in the region. While demand for homes won’t be as frantic as we’ve seen over the past year, it still runs deep. We look forward to a strong second half for 2014.

To read about other counties, Click Here.