Wednesday, July 30, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

International buyers invest in America

WASHINGTON, D. C. — Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the United States to purchase properties and make real estate investments. According to the National Association of Realtors 2014 Profile of International Home Buying Activity, for the period April 2013 through March 2014, total international sales have been estimated […]

Equity home sales jump; pending home slide

LOS ANGELES — Higher home values continued to fuel more equity home sales, which have made up more than 80 percent of all home sales for the past 11 consecutive months.  Meanwhile, pending home sales fell in May as investors pulled out of the market due to higher home prices, the California Association of Realtors recently reported. […]

Look up: Is it time for a new roof?

LENEXA, KAN. — How do you know if it’s time to replace your roof? How do you find a qualified roofer? And, how do you find a roof that resists fungus and algae? National Roofing Week, July 6-12, is the ideal time for homeowners to gain insights and answers to their roofing questions and focus on […]

Sausalito evokes French chateau

It’s easy to imagine coming upon the Sausalito while meandering through the French countryside. That decorative iron railing exudes French style, while the shutters, stone veneer, porch posts and multipaned windows add country charm. Arched openings lead into a roomy three-car garage with extra depth in the single bay. Everyday family living and special occasions […]

Langston feels magical inside and out

If the Langston looks magical to you, you’re not alone. The steep roof and gingerbread trim on this Victorian cottage evokes memories of fairy tales. While its footprint is small, this home offers more than 1,500 square feet of living area on three levels. Dining room, kitchen and an expansive vaulted living room are on the […]

Pending home sales edge up in April

WASHINGTON, D.C. — Pending home sales improved for the second straight month in April, according to the National Association of Realtors. Gains in the Midwest and Northeast offset declines in the West and South. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 0.4 percent to 97.8 in April from 97.4 in March, but […]

Improvement seen in commercial real estate sectors

WASHINGTON, D.C. — The outlook for all of the major commercial real estate sectors is slightly improving despite disappointing economic growth during the first quarter of 2014, according to the National Association of Realtors’ quarterly commercial real estate forecast. Lawrence Yun, NAR chief economist, said the sluggish growth experienced in the first quarter is not indicative of […]

All-cash sales up while distressed sales, investors decline

WASHINGTON, D.C. — Analysis of data collected for the Realtors Confidence Index shows the market share of all-cash purchases is on the rise, despite declines in distressed sales and investor activity, according to the National Association of Realtors. Lawrence Yun, NAR chief economist, said the findings are counterintuitive. “Distressed home sales, most popular with investors who pay cash, […]

Home-price growth slows in many metro areas

WASHINGTON, D.C. — Although strong year-over-year price growth continued in most metropolitan areas in the first quarter, increases were somewhat smaller, according to the latest quarterly report by the National Association of Realtors. A companion breakout of income requirements to purchase a median-priced home on a metro basis shows the typical buyer was in a good position to […]

HCD announces full deployment of Golden State Acquisition Fund

SACRAMENTO — The Golden State Acquisition Fund has deployed $105 million for the creation and preservation of affordable and senior housing throughout California, just over a year after its launch. The GSAF loans have supported 18 projects across the state and created or preserved more than 1,490 housing units. GSAF was established with $23 million […]

Nation’s existing home sales remain soft

WASHINGTON, D.C — Existing-home sales were essentially flat in March, while the growth in home prices moderated, according to the National Association of Realtors. Sales gains in the Northeast and Midwest were offset by declines in the West and South. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 0.2 percent […]

Housing market continues to show signs of improvement

WASHINGTON, D. C. — The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury recently released the March edition of the Obama Administration’s Housing Scorecard — a comprehensive report on the nation’s housing market. The latest data show progress among key indicators. In February, foreclosure starts continued their downward trend and, in […]

Standard Pacific Homes unveils Villagio

Standard Pacific Homes debuted Villagio — a gated collection of homes nestled within the master-planned community of Promontory in El Dorado Hills. The community offers a hilltop setting above Folsom’s Empire Ranch Golf Club. Villagio at The Promontory showcases Standard Pacific Homes’ all-new architectural concepts through a collection of four brand new, two-story home designs […]

Pending home sales dial up again in February

LOS ANGELES — Pending home sales posted stronger than average gains in February for the second straight month, thanks to seasonal factors, but remained below the level of  a year ago, despite slight improvements in the statewide housing demand, the California Association of Realtors recently reported.. Pending home sales data • California pending home sales jumped […]

Compact Barlow feels spacious

A vaulted foyer runs up the center of the Barlow, leading family and friends directly into a vaulted, richly glassed great room. This judicious use of vaulting creates a surprising sense of expansiveness in what is actually a fairly compact cottage. The plan’s footprint is a narrow 43 feet wide, allowing the home to fit […]

Remodeling market continues upward trend

DES PLAINES, ILL. — The National Association of the Remodeling Industry’s fourth-quarter Remodeling Business Pulse data of current and future remodeling business conditions continues to show growth. Although remodelers report the highest overall rating on business conditions, at 6.51 (from 6.41 last quarter), numbers in most other categories experienced a slight drop.  “Many remodelers entered 2014 […]

$2.1 billion mortgage settlement reached

California homeowners eligible to receive an estimated $268 million in first lien principal reductions and nearly $23 million in cash payments SAN FRANCISCO – Attorney General Kamala D. Harris recently announced a $2.1 billion multistate and federal settlement with Ocwen Financial Corporation and Ocwen Loan Servicing, LLC (Ocwen) over alleged mortgage servicing misconduct. The settlement […]

Existing home sales drop; prices rise

After hitting the highest level in nearly four years, existing-home sales declined in September, but limited inventory conditions continued to pressure home prices in much of the country, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 1.9 percent to a seasonally adjusted annual […]

Simon Tavalero joins the Stanford Mortgage office in El Dorado Hills

By Adam Sharrock EL DORADO HILLS — Stanford Mortgage has another mortgage advisor joining their ranks. Simon Tavalero, previously out of the Roseville office, will bring his expertise to the Highway 50 corridor and his new office is excited to have him aboard. Simon has a wealth of accolades and achievements in his career, such […]

Remodelers continue to see increase in business

DES PLAINES, ILL. — The National Association of the Remodeling Industry’s second-quarter Remodeling Business Pulse data of current and future remodeling business conditions continues to soar, as quarter-over-quarter increases are seen nearly all sub-components measuring remodeling activity. Deep into the “remodeling season,” so to speak, remodelers are reporting the highest overall rating on overall business […]

California home sales climb

LOS ANGELES — California’s housing market bounced back after a slight dip in June to reach the highest level since May 2012, as home prices continued to post strong annual gains and home sales recorded the first annual increase in six months, the California Association of Realtors reported. “The spike in interest rates in June […]

Higher home prices drive down housing affordability

LOS ANGELES — Significantly higher home prices, particularly in the San Francisco Bay Area and coastal regions, shut out more homebuyers in the state during the second quarter of 2013, the California Association of Realtors reported. The percentage of homebuyers who could afford to purchase a median-priced, existing single-family home in California dropped to 36 […]

Eduardo Bartolome joins Stanford Mortgage team

By Peter Delle Eduardo Bartolome has joined The Select Group team in Cameron Park. He will serve as a mortgage advisor at the Stanford Mortgage branch located on Flying C Road. Bartolome is extremely dedicated to serving the Hispanic community in the Sacramento valley and California foothills. He exemplifies customer service and has a career history […]

CDPE agents help more homeowners avoid foreclosure

Wendi-Mae Davis, real estate agent and Certified Distressed Property Expert of Connect Realty announced today that, based on recent survey responses, CDPEs are leading the way among real estate agents out of the foreclosure crisis. Seaking about the annual survey conducted by the Charfen Institute, the company that provides the CDPE course and designation, CDPEs […]

Bakersfield enhances living inside and out

Associated Designs Brick veneer, corner quoins, Craftsman-style windows, and a trio of gables blend harmoniously to create the Bakersfield’s inviting front facade. Decorative corbels draw eyes to the lone wooden post that highlights this ranch-style home’s covered porch. Entering, you step into a vaulted entry with a wide coat closet to the left. Secondary bedrooms […]

NAR survey shows Realtor business, income continue to improve

National Association of Realtors WASHINGTON, D. C — The business activity and income of Realtors are up for the second year in a row following nine years of decline, according to the 2013 National Association of Realtors Member Profile. The study’s results are representative of the nation’s Realtors; Realtor sare members of NAR and account for about half of […]

Realtors urge preserving of homeownership tax policies

National Association of Realtors WASHINGTON, D.C. — As Congress pursues comprehensive tax reform it should focus on doing no harm to housing and America’s 75 million homeowners by maintaining current tax laws for homeownership and real estate investment, National Association of Realtors representatives said in recent testimony. NAR President Gary Thomas testified before the U.S. […]