Friday, March 27, 2015

January’s pending sales look positive

LOS ANGELES — Pending home sales rose from December’s extreme lows and posted month-to-month and year-to-year increases in January, the California Association of Realtors recently reported. Additionally, California Realtors responding to CAR’s January Market Pulse Survey saw more price reductions and an increase in open house traffic compared to a year ago. Pending home sales data […]

Elegant MacLeod has ample living space

Stone veneer combines with handsome keystone arches to give a European country manor look to the MacLeod, an elegant estate home with more than 4,000 square feet of living space. The owners’ suite, along with a wide selection of gathering spaces, is on the main floor while three more bedrooms and a huge skylit storage […]

Seniors’ downsize lightens their load and their kids’

“My husband and I have very different approaches to saving things,” said Lee Switz, of Richmond, Va., speaking for — I am going to wager — nine out of 10 couples in America. Am I right? I am talking with Lee, age 72, to uncover some secrets to successful downsizing. She and her husband, age 78, moved […]

Common mistakes Sacramento area first-time homebuyers make

There are a lot more first-time homebuyers in the market due to great FHA mortgage options, reduced mortgage insurance costs, less investor competition with all cash offers and an increase in inventory. These are favorable conditions for first-time homebuyers in Sacramento and it’s exciting! But inevitably I see these mistakes and the problems they can […]

Confessions of a hoarder: How to let go of stuff

A co-worker recently confessed that she never had friends over because her house was too cluttered. When I asked her how cluttered, she told me that one of her two bedrooms was completely stuffed and that her bathtub was full of car parts. “Would you like me to come over and help you?” I was […]

HUD secretary stresses need for credit expansion, housing finance system reform

LOS ANGELES — An audience of nearly 300 real estate executives and practitioners, industry stakeholders, economists and policymakers gathered this month in Los Angeles for the inaugural Real Estate Summit: Partnering for Change in California, which featured a keynote speech from U.S. Secretary of Housing and Urban Development Julián Castro. Convened by the California Association of Realtors, […]

Low mortgage rates fail to perk California home sales

LOS ANGELES — The lowest mortgage rates in 18 months failed to spark the California housing market in October as sales stayed flat and home prices increased at the slowest pace since early 2012, the California Association of Realtors recently reported. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate […]

How do home improvements impact your property’s resale value?

I love the show “Love It or List It” on HGTV where an interior designer and a Realtor battle each other for a homeowner’s approval — to either keep the home they live in after it is remodeled or list it and move to the home the Realtor shows them. I can’t tell you how many times […]

California home sales maintain pace in September

Price gains temper, market balances LOS ANGELES — California home sales remained steady in September, as home price gains eased back from an unusually high increase in August, the California Association of Realtors recently reported. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 396,440 units in September, according to […]

Estate-sized Jacksonville both stately and sunny

Rambling, bright and spacious, the Jacksonville is a Florida-inspired home with a distinctively European flavor. Arches and stucco give it that sunny ambiance, while the entry columns, wrought iron handrails, stone veneer wainscoting and multi-paned windows are more continental. Windows fill most of the rear wall in the two-story, barrel-vaulted living room at the core. […]

Debunking myths about homeownership

(StatePoint) As a result of the recent housing crisis, many potential homebuyers, especially first-timers, are hesitant to enter the market. But if you’re holding back, evaluate why. Experts say your reasons may be based on myth. “Buying a home is more affordable than ever for families with stable incomes and good credit,” says Christina Boyle, […]

Double Zero model home in Blackstone is greenest in the state

KB Home received accolades from the California Energy Commission last Thursday morning when the company unveiled its first Double Zero 3.0 model home in California at the Fiora at Blackstone community in El Dorado Hills. With partners like Whirlpool and SunPower, KB Home representatives explained it’s called the Double ZeroHouse 3.0 for its dual emphasis on energy and […]

Low interest rates fail to spark August home sales

Home prices continue to increase despite improving housing inventory LOS ANGELES — California home sales pulled back in August, reversing two months of increases, as the median home price rose from the previous month and year, according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted […]

What’s hot in outdoor kitchens

At my house, I cook pretty much for one reason: I get hungry. If I didn’t need to eat, and didn’t actually like to eat, I would turn my kitchen into something more interesting like an ice rink or a sky diving arena or a petting zoo, which would all be way more fun than […]

Cedar Creek: a gracious, upscale lodge

Built in the tradition of a grand lodge, the Cedar Creek is equally well suited for construction in an upscale neighborhood or a retreat setting. King posts and arched struts accent gable ends, and that’s just the beginning of its visual appeal. Stone veneer, Craftsman windows, and three intriguing garage doors give the eye plenty […]

California Homebuilding Foundation adds to Hall of Fame

SACRAMENTO — Seven homebuilding industry leaders have been inducted into the California Homebuilding Foundation Hall of Fame. Celebrating its 30th anniversary this year, the Hall of Fame boasts 200 men and women who epitomize the spirit of the homebuilding industry – skill, vision, resilience and determination. Each honoree has been a model of public service […]

2014 real estate transactions off to a slow start

LOS ANGELES — A perfect storm of a shortage of available homes for sale, rising interest rates, and higher home prices kept prospective home buyers on the sidelines in December, pushing California pending home sales lower for the second straight month. Meanwhile, equity sales continue to make up more than four of every five home […]

Sellers excited about the market again

LOS ANGELES — Home sellers are more optimistic about repurchasing a home than in the past few years, thanks to strong growth in home prices, record-low interest rates, and better personal financial situations, according to the California Association of Realtors 2013 California Home Sellers Survey. More than two-thirds (69 percent) of home sellers purchased a […]

Is a reverse mortgage right for you?

Take Charge America PHOENIX, ARIZ. — Seniors are living longer than ever before. Medical advances and a focus on healthy living have dramatically improved longevity, but living longer presents a complication: the potential to outlive savings. Older adults often do not anticipate the high costs of health and long-term care, or the uncertainty of Social Security […]

EDCAR hosts Honor Our Troops breakfast

The El Dorado County Association of Realtors and its Honor Our Troops committee invite community members to join them for breakfast on Saturday, Jan. 25. The “all-American breakfast” —eggs, toast, sausage, ham, hash browns, hot cakes, biscuits & gravy, juice, milk and coffee — raises funds for the committee’s care packages sent to El Dorado […]

Compact Kenton feels spacious inside

If you’re searching for a small starter home with a spacious feel, the Kenton just might fill the bill. What’s more, it is equally well suited to singles or families looking to downsize their living space, expenses and maintenance obligations. Less to take care of equals more time for fun! In the United States, ranch-style […]

Lansford blends traditional and modern

Every few decades, Colonial Revival homes have a resurgence of popularity and the Lansford rides clearly on the crest of the current wave. On their exteriors, these homes display a love of the traditional, while inside they have all the modern conveniences. Updated colonial features here include a symmetrical central section, clapboard siding, hipped roof, […]

Message from the president: Gratitude

By Karen Larson This is the time of year for reflection. I have been practicing real estate for 24 years. My business has prospered in direct proportion to the amount of effort, skill and experience I have invested. I team up with the professionals in our industry to support each client through the transaction process […]

Relax, entertain in the spacious Braxton

Spacious and bright, the Braxton is a large stucco and brick home designed for an active couple that likes to entertain and appreciates having plenty of room to spread out. A lofty portico invites you to step inside the wide, 14-foot high entry. Sparkling panes of glass flank the front and cut an arched swath […]

Split-level Cedar Hill has great views

The Cedar Hill is a richly glassed split-level Cape Cod style home. In the right setting, it offers breathtaking views. The plan is designed for construction on a lot that slopes up to the rear. Banks of multipaned windows, wide and tall, sparkle across the right side of the exterior. Inside, light washes in through […]

Luxurious Argent has all the amenities

Associated Designs Luxurious. Spacious. Luminous, even. These words don’t even begin to describe the attractions of the Argent, a contemporary prairie home boasting more than 3,000 square feet of living space. Its regal porte-cochere entrance is designed to extend out over a driveway. Two lofty doors swing open into a 13-foot-high foyer. Straight ahead, two […]

Lyon names Colgan sales manager

Kurt Colgan of Folsom has been named sales manager at Lyon Real Estate’s Roseville office. Lyon Real Estate is the No. 1 brokerage in annual home sales in the greater Sacramento region. Colgan has 25 years of real estate experience, including more than 1,500 closed escrows. In addition to his highly productive sales career, he is […]

Tee off with EDCAR

The El Dorado County Association of Realtors hosts its 15th annual Charity Golf Tournament on Monday, Sept. 9. Golfers tee off at a 10 a.m. shotgun start at the Cameron Park Country Club. Cost is $145 per player and includes breakfast, gimme string, 18 holes, happy hour, dinner and more. Prizes will be given away […]

Stanford Mortgage welcomes new GM

By Adam Sharrock Stanford Mortgage will welcome new leadership to the team, as William Tarter has come aboard as the general manager. Tarter has prior experience in managing companies for more than 10 years with great success. His work history includes Tri-Mountain Real Estate, business development with, vice president of Sales and Customer Service for […]

Equity home sale reach highest level in nearly six years

LOS ANGELES — The share of equity home sales in California continued to expand in June, comprising four of every five home sales, thanks primarily to a drop in distressed sales. Meanwhile, sales of REOs fell into the single-digits for the third straight month and registered levels not seen since September 2007, the California Association […]

Pine Creek feel bright and spacious

The Pine Creek is a contemporary version of a traditional shingle-style cottage. Shingles cover its front facade, including the slender wall sections that frame the garage door. Stone veneer bases under slender wooden posts add to the visual appeal. This home could be wheelchair accessible. Inside, the foyer opens out into a naturally bright great […]

Compact Camas has large gathering space

The Camas makes an ideal starter home, but might be equally attractive to retirees wishing to minimize their home care responsibilities. Its compact size makes it economical to build and maintain. Classic Craftsman features set it apart from most other contemporary ranch-style homes. Shake-textured shingles add visual appeal to the framed-out bases beneath tapered porch […]

California median home price records largest year-to-year gain since 1980

LOS ANGELES  — Strong sales growth in higher-priced markets and continued housing supply shortage pushed up California’s median home price in May, resulting in the largest year-over-year price gain in at least the last 33 years, the California Association of Realtors reported. “It’s encouraging to see median home prices across most parts of the state continuing […]

Realtors call for borrowing changes

WASHINGTON, D.C. — Congress should consider redefining the new ability-to-repay requirements for Qualified Mortgages to avoid limiting affordable borrowing options for creditworthy buyers, said the National Association of Realtors in recent testimony before the House Financial Services Committee. NAR President Gary Thomas implored Congress to revisit the definition of fees and points applied to affiliated mortgage lenders that require the […]

WCR earns Gold Award

CHICAGO, Ill. — El Dorado County Chapter of the Women’s Council of Realtors was presented the Gold Award for Chapter Excellence Awards, its Annual Report & Business Plan in positioning the chapters as a business resource in the Realtor Community. The annual national awards banquet was on Friday, May 17, in Washington, D.C. This award was […]

Housing and tax reform top issues affecting Realtors

National Association of Realtors WASHINGTON, D.C. — Experts applauded Realtors for their commitment to keeping housing a top priority for the nation and staying engaged in the debate over future housing policies at the recent Legislative and Political Forum during the Realtors 2013 Midyear Legislative Meetings & Trade Expo. During the session, Congressman Randy Neugebauer (R-Texas) […]

The housing revolution

By Mike Southwick I was speaking to one of my past clients this week who asked me if could help her friend find a home. This particular buyer was initially looking in a different county and I chose to refer that buyer to another Realtor who could better service her. I had initially found about five properties […]

Pending home sales post monthly gain

LOS ANGELES — The share of equity sales rose to their highest level in five years, while March California pending home sales climbed from the previous month, the California Association of Realtors reported. Pending home sales data C.A.R.’s Pending Home Sales Index rose 14.8 percent from a revised 110.1 in February to 126.3 in March, […]

Vacation home sales up; investment dips

WASHINGTON, D.C — Vacation home sales improved in 2012, while investment purchases remained elevated for a second consecutive year, according to the National Association of Realtors. NAR’s 2013 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2012, shows vacation-home sales rose 10.1 percent to 553,000 from 502,000 in 2011. Investment-home sales declined 2.1 […]