December 9, 2024
It comes as no surprise to homeowners that there is a cost to homeownership beyond the down payment, monthly mortgage payments (with baked in property tax and homeowners’ insurance), and some landscaping upkeep. It’s maintenance. And now we have to data points on that. According to UBS housing analyst John...
November 11, 2024
32 Days from Referral to (client) Home Ownership Client Gustavo (L) with Agent Jess Young “To be a buyer’s agent in this market, you have to know how to check all the boxes for victory.” Jess Young In this industry, a proactive approach to serving clients is always preferred to...
October 4, 2024
The phones rang. Finally. It had been a long, hot summer, and buyers returned to the prospects of buying homes. Coincidentally, the phone started ringing after the Federal Reserve lowered its benchmark lending rate by 50 basis points in mid-September. The new base rate is 4.75% to 5%. While mortgage...
August 20, 2024
The upcoming Federal Open Market Committee (FOMC, or just ‘Fed’) meeting September 17-18 is one of the most widely (wildly?) anticipated business meetings this year, and the housing industry is on the edge of its proverbial seat. The questions are: 1. Will Jerome Powell’s talk at the Jackson Hole Symposium...
July 8, 2024
Someday, perhaps, the history of the 2020 Global Pandemic could encapsulate an entire decade – to 2030, and appropriately start by featuring the health crisis and widespread fear that the human race faced on every continent. Then the pages will shift to the more enduring consequences on people’s lives economically....
June 28, 2024
“I read the news today oh boy, about a lucky man who made the grade, and though the news was rather sad, but I had just had to laugh, I saw the photograph………..” and then “nobody was really sure if he was from the house of Lords”….” And, “3,000 holes...
March 30, 2024
While the weather here in Sonoma County hasn’t really behaved liked spring lately, we are entering the spring season for home sales and we have a glimpse of “the new normal.” It’s actually a modest evolution from where we have been, with a market still limited by inventory. However, there...
January 25, 2024
Jess Young As everyone knows, real estate sales have been slower than usual the past couple of years, and the primary culprits have been the limited inventory of homes for sale and the rapid rise in interest rates and subsequent increases to mortgage rates. While the latter seems to have...
January 5, 2024
Christmas came a little early this year, when Jerome Powell’s early December speech following the Federal (Reserve) Open Market Committee meeting featured a strong orientation toward the position that the Fed is done raising interest rates (after pauses in its past four meetings) and that the door was open for...
September 6, 2023
The housing market, the mortgage market, it’s reminding us of the lyrics from a vintage Joni Mitchell song: “Sittin’ in a park in Paris, France.Reading the news, and it’s all bad.They won’t give peace a chance.That was just a dream some of us had.” The Canadian-born, singer-songwriter and musical icon...
Serving Cloverdale, Graton, Healdsburg, Rohnert Park, Santa Rosa, Sebastopol, Tomales, Windsor and surrounding Sonoma County, CA areas.
The First step when selling your home is to set the right price for the current market conditions in your area.
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