Todd & Lisa Sheppard
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Lisa
Sheppard
Mobile:
707-483-9990
Email:
Lisa@TEAMSHEP.com
BRE # 01154225
Todd
Sheppard

Mobile:
707-235-6870
Email:
Todd@TEAMSHEP.com
BRE # 01314350

Archive for January 2015

New Survey Reveals a Gap Between the Homes We Live in and the Homes We Want

January 30th, 2015   by Dawn Owen

Housing plans

A recent survey reveals the top 10 things Americans want, but don’t yet have, from their homes. The difference between the two is called the housing-satisfaction gap.

To read more, Click Here.

Bay Area Home Inventory Shortage Persists as 2014 Ends

January 28th, 2015   by Dawn Owen

Monopoly toy houses

The number of Bay Area homes on the market further tightened as 2014 ended, with inventory declining from November to December in all nine local counties.

To read more, Click Here.

Pacific Union Quarterly Report: Q4 2014

January 26th, 2015   by Dawn Owen

Sonoma_County_Q4

SONOMA COUNTY

The last quarter of 2014 bore remarkable similarities to the first quarter in Sonoma County, with a constrained supply of available homes and a ready pool of would-be buyers. Many sellers continued to receive multiple offers on well-priced properties, although bidding activity was not as frenetic as it was at the start of the year, and price appreciation has slowed considerably from the double-digit percentage increases that  had become commonplace.

Even with the limited supply, buyers in the fourth quarter no longer bid as franticly on overpriced properties or those with problems as they might have as recently as six months ago. This change in attitude caught some sellers by surprise, but it reflects the growing normalization of the market as buyers began to show some signs of price resistance, especially at the higher end of the market.

The fourth quarter saw fewer sales of homes priced below $500,000, reflecting the virtual disappearance of distressed properties such as short sales and foreclosures on the market.

Looking Forward: Sonoma County may see fewer sales overall in the first quarter, but dollar volume will continue rising as buyers choose from more high-end homes on the market. Springtime is always a busy season for real estate, and 2015 will be no different.

Defining Sonoma County: Our real estate markets in Sonoma County include the cities of Cotati, Healdsburg, Penngrove, Petaluma, Rohnert Park, Santa Rosa, Sebastopol, and Windsor. Sales data in the report charts includes all single-family homes and farms and ranches in Sonoma County.

To get information on other Bay Area counties, Click Here.

2014 Rent Payments Zoom Higher Across Bay Area

January 12th, 2015   by lisasheppard

holding_cash

Rent payments in the Bay Area rose nearly three times the national average last year, giving renters another reason to consider homeownership.

To read more, Click Here.

San Francisco Area Home Price Growth Nearly Twice National Rate

January 7th, 2015   by lisasheppard

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Annual home price growth in the San Francisco metro area has tapered off significantly since last spring, says the most recent data from a prominent real estate index, but properties are still appreciating at about twice the national rate. And MLS statistics for individual Bay Area regions also show solid year-over-year price gains.

To read more, Click Here.

Buying or Selling a Home in 2014? There’s Still Time for New Year’s Resolutions

January 6th, 2015   by lisasheppard

New year's baby

Are you resolved to buy or sell a home in Northern California in the coming year? Plan ahead to make it happen.

To read more, Click Here.

Mortgage Rates and Home Prices to Rise in 2015, Forecast Says

January 5th, 2015   by lisasheppard

Image of arrows pointing up

Both mortgage rates and home prices are expected to rise in the coming year, while continued economic growth should enable more millennials to enter the real estate market, a recent forecast predicts. But that latter projection might not apply to first-time buyers in the Bay Area, which boasts some of the highest home prices in the nation.

To read more, Click Here.