Independent representation enhances real estate transactions

“I want my Realtor to be on my side, working to protect me in the deal.” This is what I hear most often among those buying or selling real estate these days. In the old days, sellers wanted the Realtor who seemed to “have all the buyers.” Two things have changed real estate. First, Internet […]

Baby Boomers still play active role in housing market

Previous homeowners twice as likely to buy again as non-owners LOS ANGELES — As the wealthiest generation and the first to drive the housing market, baby boomers will continue to be a pillar of the housing market, according to a 2014 California Association of Realtors survey of California baby boomers (born between 1946 and 1964). While nearly half […]

HUD funds help low-income residents find jobs

WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development recently awarded $75 million to help public housing and Housing Choice Voucher residents across the country connect with local services to improve their education and employment and to put them on a path to self-sufficiency. The El Dorado County Public Housing received $59,402. Sacramento […]

Lower interest rates perk up California home sales in June

LOS ANGELES — Lower interest rates and stabilizing home prices combined to boost home sales in June, the California Association of Realtors recently reported. However, diminished home affordability remains a challenge for buyers, particularly in high cost areas of the state. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of […]

March home sales spring higher

LOS ANGELES — California’s housing market ticked upward in March to reach the highest level in four months, but sales were still lower than a year ago as declining housing affordability continues to put downward pressure on the market, the California Association of Realtors recently reported. Closed escrow sales of existing, single-family detached homes in […]

Sierra Sotheby’s agents support education

LAKE TAHOE — Sierra Sotheby’s International Realty agents ramp up their philanthropic efforts in Lake Tahoe this holiday season with donations to Sierra Nevada College of Incline Village and Mt. Tallac Continuation School of South Lake Tahoe. Incline Village agent Terry Barbery established the Terry Barbery Scholarship Fund for deserving Sierra Nevada College students. The first […]

A housing market correction will results in good things

Mike Southwick It would appear from all major market indicators that our real estate market has entered into a slight market correction. This is in no way bad news at all. What we need to realize is that real estate values actually peaked in most major markets in California around August 2006. We then witnessed […]