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Archive for February 29, 2016

California Considering Bill That Would Help Widowed Spouses Keep Their Homes

lisasheppard | February 29, 2016

A new bill introduced in the California State Senate would establish a Homeowner Survivor Bill of Rights, which is designed to help widowed spouses and children stay in their homes after the primary mortgage holder passes away. The bill...

California’s Housing Affordability Crisis isn’t Going Away

lisasheppard | February 25, 2016

The median price of a California home jumped 8.1% from a year ago, while condominium prices jumped 6.6%. While real estate in California has become a safe haven for investors, it is also driving first-time buyers out of the market. To...

When Will Housing Inventory Shortages Finally End?

lisasheppard | February 23, 2016

While the economy has improved over the last few years, the housing market is still experiencing inventory shortages. Unsold inventory is at a 3.9-month supply at the current sales pace, down from 5.1 months in November and the lowest si...

Sonoma County Median Home Price Hits $555,000

lisasheppard | February 18, 2016

Sonoma County’s median home price hit $555,000 in January 2016, the highest price since 2006. This represents a nearly 16 percent increase from a year earlier and is the highest for any month since March 2007, when it ...

45% of Non-Homeowners Say Finances Keep Them From Buying

lisasheppard | February 12, 2016

Why do nearly half of all non-homeowners say that their financial situation is preventing them from buying a home? A new report from Bankrate showed that nearly 30% of all non-homeowners say they cannot afford a home, despite only needin...

Foreclosures Fall to Lowest Level Since 2006

lisasheppard | February 10, 2016

Good news on the economic front and a sign that the recovery from the housing crisis is ongoing, the total number of foreclosures in 2015 was the lowest number since 2006, a new report from Core Logic shows. To read more, Click Here.

How Has Buying a Home Changed Since Your Parents’ Time?

lisasheppard | February 2, 2016

Older millenials are the largest group of first-time buyers and are transforming the market. But exactly how much have things changed, really? What are the differences between the choices made by your parents versus the choices being ma...