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 February 2016

California Considering Bill That Would Help Widowed Spouses Keep Their Homes

February 29th, 2016   by lisasheppard
Past due foreclosure home

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 would expand on the California Homeowners’ Bill of Rights, enacted in 2012, and closes a loophole in California law that fails to provide surviving spouses and children important protections against foreclosure that are available to other homeowners.

To read more, Click Here.

California’s Housing Affordability Crisis isn’t Going Away

February 25th, 2016   by lisasheppard

San Diego

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 read more, Click Here.

When Will Housing Inventory Shortages Finally End?

February 23rd, 2016   by lisasheppard
construction

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 since January 2005. Experts are saying this probably will not improve this year, but do expect improvement next year.

To read more, Click Here.

Sonoma County Median Home Price Hits $555,000

February 18th, 2016   by lisasheppard

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 was $560,000.  While home prices continue to climb, inventory levels remain low and demand strong.

To read more, Click Here.

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

February 12th, 2016   by lisasheppard

House

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 needing to save 3% for a down payment.

To read more, Click Here.

Foreclosures Fall to Lowest Level Since 2006

February 10th, 2016   by lisasheppard

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?

February 2nd, 2016   by lisasheppard

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 made by today’s home buyers.  Some of the differences are obvious:  prices are much higher so affordability is a challenge, and today’s homes tend to be much larger.  Some of the differences may surprise you.

To read more, Click Here.