Realtors say HAWK is a good first step

WASHINGTON, D.C. — In a letter sent to the U.S. Department of Housing and Urban Development, the National Association of Realtors offered support for the Federal Housing Administration’s efforts to reduce mortgage insurance premiums for first-time buyers through its Homeowners Armed with Knowledge, or HAWK, housing counseling pilot program but is concerned the program won’t significantly reduce premiums or […]

Lyon names marketing director

SACRAMENTO — Lyon Real Estate has appointed Cathy Harrington as its marketing director, it was recently announced by Pat Shea, the company’s president and chief operating officer. Harrington is a senior marketing executive with more that 20 years of real estate marketing and public relations experience. Prior to joining Lyon, she was with Better Homes and Gardens Mason-McDuffie […]

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 […]

HUD addresses accessibility

WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development recently announced  that it is permitting developers of federally funded construction projects to use an alternative design standard to meet the accessibility requirements under Section 504 of the Rehabilitation Act of 1973. With a few exceptions, developers may use the Americans with Disabilities Act 2010 Standards for […]

Remodelers going green

According to a new National Association of Home Builders remodelers survey, high-performing, Low-emissive windows are the most common green building products used by residential remodelers. NAHB recently released the survey results, which highlight the most common building features that home owners are using to improve the energy efficiency of their homes. “The improved availability and […]

Sacramento area luxury home sales on the rise

SACRAMENTO — The greater Sacramento area’s luxury housing market began 2014 right where it left off last year with high-end home sales climbing 19 percent in the first quarter of 2014 compared to the same quarter in 2013, according to a new report by Coldwell Banker Residential Brokerage. The figures are based on Multiple Listing Service […]

Fraud workshop scheduled

The El Dorado County Association of Realtors’ Education Committee will host a very informative program in conjunction with the El Dorado County District Attorney’s Office on April 25. Robert Leach, criminal investigator in the Real Estate Fraud Division, will address what the DA’s Office is encountering with respect to mortgage and real estate fraud in […]

December pending home sales fall

WASHINGTON, D.C. — Pending home sales measurably dropped in December, with abnormal weather partly inhibiting home shopping in much of the U.S., according to the National Association of Realtors. Declines were experienced in all four major regions. The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 8.7 percent to 92.4 in December from […]

Sacramento’s luxury market flourished in 2013

Sales in the upper-end home market throughout the greater Sacramento region improved considerably in 2013 according to data provided by TrendGraphix and reported by Lyon Real Estate. Closed sales of properties more than $750,000 increased 51 percent in 2013 compared to 2012 reflecting a renewed consumer confidence and sustained rebound in the high-end market throughout Sacramento, Placer, El […]

Coldwell Baner celebrates successful toy, coat drive

SACRAMENTO — Coldwell Banker Residential Brokerage, the leading real estate company in Northern California, recently announced that it collected 6,220 toys and 950 coats this holiday season to benefit families in need throughout Northern California. The annual Toys for Tots and One Warm Coat holiday collection campaigns marked the 27th consecutive year that Coldwell Banker Residential Brokerage […]

Practical real estate class offered

Nearly everyone seems to deal with some aspect of homeownership — realty considerations, renting or related financial considerations. Since a major portion of one’s income or wealth goes into real estate, it’s valuable to know some of the principles. Learning unique vocabulary and subject areas is important for making the best decision. Vast resources of […]

Century 21 Select brings children cheer with Toys for Tots

By Adam Sharrock Charitable causes and the act of giving are major themes throughout the holiday season, and Century 21 Select in El Dorado Hills local business brought a lot of smiles to the young boys and girls in the area with a big donation to Toys for Tots. Founded in 1947 by the United States […]

California pending home sales higher in October

Distressed sales levels remain low LOS ANGELES — California pending home sales reversed a two-month decline to post higher in October, but were down from a year earlier, the California Association of Realtors recently reported. Pending home sales data • California pending home sales rose in October, with the Pending Home Sales Index climbing 2.5 percent […]

Pending home sales down, expected to level out

WASHINGTON, D.C. — Although conditions were mixed across the country, pending home sales continued to move lower in October, marking the fifth consecutive monthly decline, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, slipped 0.6 percent to 102.1 in October from an upwardly revised 102.7 in September, […]

2014 market looking good

LOS ANGELES — After distressed sales lost their hold on much of California’s market, the state’s housing market will continue to improve in 2014, with sales shifting toward primary home buyers and both sales and home prices posting further gains, according to the California Association of Realtors’ 2014 California Housing Market Forecast. The CAR forecast […]

Ruggles joins Lyon team

Lyon Real Estate has hired Sandra Ruggles as a full-time, dedicated property manager for its new Lyon Property Management Division. Ruggles, a graduate of California State University, Sacramento, has worked as a licensed California residential real estate appraiser for 19 years. Additionally, Ruggles spent 15 years as a licensed real estate broker during which she […]

Equity home sales post higher in September

LOS ANGELES —   The share of equity home sales in California continued to grow in September, now making up more than eight of every 10 home sales, the highest level in nearly six years. Meanwhile, the share of short sales fell into the single digits and dropped to levels not seen since January 2009, […]

Brow vetoes housing bill

CAR On Oct. 13 Gov. Jerry Brown vetoed AB 1229, a bill that proposed to dramatically weaken rent control limitations contained in the landmark Costa-Hawkins law sponsored by the California Association of Realtors in 1995. CAR has aggressively opposed the bill throughout the legislative process and had asked the governor for a veto. AB 1229 […]

Slurp spaghetti for the troops

EDCAR The El Dorado County Association of Realtors and its Honor Our Troops Committee host the Honor Our Troops Spaghetti Feed from 4 to 8 p.m. on Thursday, Oct. 10. Chow down at the Firemen’s Memorial Hall located behind the Diamond Springs fire station, 501 Pleasant Valley Road. Admission is $7 for adults and $5 for children. […]

Political games push underwater homeowners further down

LOS ANGELES — Thanks to partisan political gamesmanship by the Assembly Appropriations Committee, struggling homeowners who sold their homes in a short sale in the past eight months will be further penalized by being forced to pay state income taxes on money they never received, the California association of Realtors recently announced. Senate Bill 30 […]

Law ensures housing growth

California Building Industry Association Gov. Jerry Brown’s signing of a bill last month ensures projects that create thousands of construction related jobs and billions of dollars in economic output may move forward. Assembly Bill 116 (Bocanegra) extends for two years 3,500 existing parcel maps representing 400,000 housing units. “Housing is driving California’s economic recovery,” said […]

Minor joins Stanford Mortgage

By Adam Sharrock Stanford Mortgage has once again teamed up with Select Group Real Estate Services to bring a new member of the team in Makeiba “Mickey” Minor. Being involved with originating loans since 2000, Minor decided to take the next step and become the latest mortgage associate for Stanford Mortgage in May 2013. With her […]

HomeSmart Int’l opens in Sac

PHOENIX — Real estate firm HomeSmart International continues its nationwide growth with the opening of one of its newest franchises in Sacramento. Based in Phoenix, HomeSmart began franchising two years ago, offering one of the most attractive business models in the real estate industry. HomeSmart CEO and President Chuck Lemire believes this new partnership will continue the […]

NARI supports Lead Rule Reform bill

Des Plaines, Ill. —The National Association of the Remodeling Industry applauds Rep. Tim Murphy (R-Pa.) and the 21 additional co-sponsors, for introducing H.2093, The Lead Exposure Reduction Amendments Act. This bill provides homeowners more control of how a remodeling project gets handled in the home when no children or pregnant women are present. In response […]

Higher home prices lower California housing affordability

California Association of Realtors LOS ANGELES — Higher home prices put a dent in California’s housing affordability during the first 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 44 percent in the first quarter of 2013, […]