Todd & Lisa Sheppard
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Archive for October 2015

Homeownership Rate Rises for First Time in 2 Years

October 30th, 2015   by lisasheppard

Sold sign yard
After dropping to the lowest level in 48 years in the last quarter, the homeownership rate in the United States increased to 63.7% in the third quarter, climbing from 63.4% in the second quarter, according to data from the Department of Commerce and the  Census Bureau.

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What’s California Real Estate Going To Do in 2016?

October 20th, 2015   by lisasheppard

California’s housing market is expected to improve in 2016, but a shortage of available inventory and continuing high costs are expected to limit the price growth, according to a report released last Thursday by the California Association of Realtors.

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Distressed Sales Down to Just 9% of Homes Sold

October 16th, 2015   by lisasheppard
REO bank owned

Distressed sales, which include real estate-owned properties and short sales, accounted for 9.4% of total home sales nationally in July 2015, down 2.1 percentage points from July 2014 and down 0.4 percentage points from June 2015, CoreLogic reports.

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Sonoma County Home Prices Jump in August

October 12th, 2015   by lisasheppard

Sonoma County home prices climbed 10.2 percent in August from a year earlier, far outstripping the rise in home prices statewide, property data service CoreLogic reported Tuesday.

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Fannie Mae, Freddie Mac Announce New Mortgage Buyback Rules

October 7th, 2015   by lisasheppard
house money

Fannie Mae and Freddie Mac have announced a set of new policies pertaining to mortgage buybacks designed to promote transparency and increase access to credit-to-worth borrowers.  The new rules will take effect January 1, 2016.

To read more, Click Here.