Wednesday, April 23, 2014

Vacation home sales surge in 2013, investment property declines

WASHINGTON, D.C. — Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors. NAR’s 2014 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2013, shows vacation-home sales jumped 29.7 percent to an estimated 717,000 last […]

U.S. a top destination for international homebuyers

LOS ANGELES — Viewing the country as a safe place to put their money, international home buyers preferred purchasing properties in the United States over other countries, according to the California Association of Realtors’ 2013 International Clients Survey. The vast majority (85 percent) of international buyers said they only considered purchasing a home in the […]

Moving forces new appreciation for the routine

It’s 7 a.m. Do you know where your toothbrush is? If you do, and you can also find your phone charger, put your hands on a clean towel, and have all you need at hand to make a cup of coffee, be grateful. For the last 48 hours, I’ve had none of this. Every time […]

Luxury retirement communities under construction in Folsom, Carmichael

Oakmont Senior Living, a Santa Rosa-based developer of resort senior communities, recently broke ground on two luxury retirement communities in Folsom and Carmichael that will offer assisted living and memory care services. Construction on Oakmont of Folsom ( and Oakmont of Carmichael ( began fall 2013, and are expected to be completed this summer. The two-story […]

Angela and Richard Newsome — a great Coldwell Banker team

Angela grew up in the United Kingdom. At a young age she lived in several cities in the UK as her father was a professional football (soccer) manager/coach and managed some of the top English teams such as Sheffield Wednesday, Sunderland and Burnley. Angela had an interest in languages and studied French, German and Italian […]

Realtor Linda Riley living up to Realtor of the Year title

Century 21 Select El Dorado County Association of Realtors  named Linda Riley Realtor/Citizen of the Year for 2013. At its annual awards luncheon, EDCAR recognized Linda for her accomplishments in business and service to the community. Linda is never too busy to share her time and give her support to make her community better and […]

Coldwell Banker honors top producers

SACRAMENTO — Coldwell Banker Residential Brokerage, the leading provider of real estate services in Northern California, recently announced that 12 of its top-producing Sacramento-Tahoe area sales associates and teams have ranked in the top 1 percent of the company’s agents in Northern California for 2013 sales. Earning the coveted honor were the team of Christy Curtis, […]

Constrained inventory flattens home sales

Pending home sales reverse two-month decline LOS ANGELES — A limited supply of available homes for sale continued to hamper California housing sales, which were essentially flat in January, the California Association of Realtors recently reported. “The underlying fundamentals for housing demand exists, however, constrained inventory is holding back a stronger recovery as affordability becomes […]

Commercial real estate investors “cautiously optimistic”

WASHINGTON. D.C. — Commercial real estate investments are expected to produce generally solid returns in 2014, according to the authors of Expectations & Market Realities in Real Estate 2014—The Future Unfolds, an annual forecast report released by Real Estate Research Corporation, Deloitte, and the National Association of Realtors. The three organizations have drawn on their respective […]

Design for a cause: Contest helps spaces that help others

To make lives of the less fortunate better, I have gotten dressed up, teetered around a party in too-high heels while balancing a glass of champagne and written a check. I have also put on old jeans and a baseball cap, rolled paint and hung blinds. And I will tell you which one is better. […]

Metro areas see solid home-price growth

WASHINGTON, D.C. — The lion’s share of metropolitan areas continued to experience strong year-over-year price growth in the fourth quarter, according to the latest quarterly report by the National Association of Realtors. A companion metro area annual affordability report shows less favorable conditions, particularly in the West. The median existing single-family home price increased in 73 percent of […]

December existing-home sales strongest in seven years

WASHINGTON, D.C. — Existing-home sales edged up in December, sales for all of 2013 were the highest since 2006, and median prices maintained strong growth, 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, increased 1.0 percent to a seasonally adjusted annual rate of […]

Realtors rate exterior replacement projects among most valuable

WASHINGTON, D.C. — A home’s curb appeal is crucial because it can be the first thing buyers notice about a home. That’s why Realtors rated exterior projects among the most valuable home improvement projects in the 2014 Remodeling Cost vs. Value Report. “With many factors to consider such as cost and time, deciding what remodeling projects […]

California pending home sales decline in November

Seasonal factors, combined with shrinking housing affordability, cooled California pending home sales from both the previous month and year in November 2013, the California Association of Realtors recently reported. Pending home sales data California pending home sales fell in November, with the Pending Home Sales Index dropping 13.6 percent in November to 93.8, down from […]

Message from the president: A heartfelt thank you

Gratitude I feel honored to have served as president of EDCAR for two separate terms. As this term comes to an end, I still see some unfinished business.  Next year, as immediate past president, I will focus on a strategic plan for our association. My goal is to implement a plan, guided by coordinates that […]

Monforte earns Military Relocation Professional certification

EL DORADO HILLS — Coldwell Banker Residential Brokerage, the leading provider of real estate services in Northern California, recently announced that Ariana Monforte, Realtor in the company’s El Dorado Hills office, has earned the nationally recognized Military Relocation Professional certification. The MRP certification, administered by the National Association of Realtors, is designed for real estate professionals […]

American Dream is still alive for young renters

LOS ANGELES — Despite the financial toll the recent financial crisis has had on Americans, renters continue to hold homeownership in high esteem, and it remains a goal for the majority of them, according to the California Association of Realtors’ 2013 Renter Survey. Nearly three-quarters of renters rated homeownership as “important,” and more than half […]

Existing-home sales cool but low inventory drives prices

Existing-home sales declined for the second consecutive month in October, while constrained inventory means home prices continue to see double-digit year-over-year gains, 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, fell 3.2 percent to a seasonally adjusted annual rate of 5.12 million in October […]

Rising home prices push down housing affordability

LOS ANGELES — Housing affordability fell for the sixth consecutive quarter, after reaching an all-time high in the spring of 2012, as significantly higher home prices shut out more California home buyers during the third quarter of 2013, the California Association of Realtors recently reported. The percentage of homebuyers who could afford to purchase a […]

Heightened market conditions fuel more offers, higher prices

LOS ANGELES — More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the California Association of Realtors 2013 Annual Housing Market Survey. Nearly half (49.5 percent) of all homes sold in 2013 were sold above asking […]

Realtors advocate housing finance system overhaul

WASHINGTON, D.C. — As lawmakers debate how best to reform the secondary mortgage finance market, they must ensure that any new system retains access to safe, secure and affordable sources of mortgage capital for creditworthy consumers in all market conditions or risk a major disruption to the economy, warned the National Association of Realtors in […]

Give a coat

Lyon Real Estate Have a coat collecting dust? Don’t forget Lyon Real Estate’s third annual coat drive continues. The company is collecting new and gently used coats of all sizes through Oct. 31 and those donations will be given to local charities. All area Lyon offices are participating in the coat drive, which is part of […]

HUD proposes ‘qualified mortgage’ definition

WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development recently proposed a rule to define a “Qualified Mortgage” that would be insured, guaranteed or administered by HUD, including single-family forward mortgages insured by the Federal Housing Administration. HUD is seeking the public’s comment on its proposed rule by Oct. 30. The Dodd–Frank Wall […]

DIY disasters — the upside of failure

“I can do that!” Who hasn’t lived to regret those words? Those four little turbo-charged words have led many well-intentioned do-it-yourself home improvers right off catastrophe cliff. We start off emboldened by a deceivingly simple tease on Pinterest or in Martha Stewart Living magazine. “It’s easy,” the copy alongside the craft project promises! We forge […]

Modest Siena has features of larger home

Association Designs Stepped gables, stucco detailing and half-round windows give the small, one-and-a-half-story Siena’s exterior an intriguing appearance. Raised stucco rims the windows, accentuates the eaves, and frames the arched garage doors. Stepped stucco detailing also draws attention to the front porch column, and similarly dresses up the garage door frames. Inside, the layout has […]

Prairie-style Oakdale is open and bright

Whether you call it small or midsize, the Oakdale is a contemporary Prairie-style home with a cluster of large gathering spaces at its core. This plan is adaptable for wheelchair accessibility. Classic stone veneer wainscoting wraps across the front, and frames the door of the two-car garage. Entering the foyer via the front porch, you […]

Apartment, condo market gains momentum

National Association of Home Builders Production of apartments and condominiums gained momentum in the second quarter of 2013, according to the latest Multifamily Production Index, recently released by the National Association of Home Builders. The index increased nine points to 61, which is the highest reading since its inception in 2003. The MPI measures builder […]

Hexagonal Edgewater has panoramic vistas

The Edgewater’s name suggests a myriad of ideal locations for construction. Wide expanses of glass spanning all of the rear walls offer panoramic views of a river, lake, stream or the ocean. Which is not to say that it wouldn’t be equally sell-suited to any scenic view site. From the front, it gives the impression […]

Sierra Sotheby’s Int’l makes aggressive home sales in Tahoe

Lakefront luxury home sales skyrocket this summer LAKE TAHOE — Sierra Sotheby’s International Realty’s Lexi Cerretti recently closed her third lakefront home sale in Lake Tahoe this summer, with the sale prices at $11.875 million, $6.25 million and $5.325 million. Lakefront sales in Incline Village and Crystal Bay have taken hold, with 11 lakefront homes and […]

Mobile technology dominates home buying process, survey finds

LOS ANGELES — Demonstrating the proliferation of mobile technology into nearly every facet of our lives, more than eight out of 10 homebuyers are accessing home information on their smart phones and computer tablets, according to the California Association of Realtors 2013 Survey of California Homebuyers. “With more and more consumers using mobile devices and […]

Renters say homeownership is a top priority

WASHINGTON, D.C. — Americans overwhelmingly believe owning a home is a good financial decision and a majority of renters say homeownership is one of their highest priorities for the future, according to a survey by the National Association of Realtors. The 2013 National Housing Pulse Survey also found that renters are thinking more about purchasing a home […]

Shasta’s floorplan pleases families

Associated Designs The Shasta’s dormers and inviting front porch are among a cluster of Craftsman features that lend nostalgic charm to this one-and-a-half-story country cottage. Multipaned windows, along with cultured stone wainscoting and column supports, boost its appeal. Inside, the floor plan is fully attuned to the preferences of contemporary families. The gathering spaces are […]

Real estate industry urges EPA to postpone commercial building lead hazard rulemaking

National Association of Realtors WASHINGTON, D.C. — The Environmental Protection Agency must justify its efforts to apply new lead paint regulations to public and commercial properties, Realtor Harold Huggins testified at a recent public hearing on behalf of the National Association of Realtors and its affiliates, the Institute for Real Estate Management and the CCIM […]

Folsom officials honor Parker’s Parkway project

Folsom Mayor Stephen Miklos recently presented a resolution of commendation to Parker Development Company the developer of The Parkway in Folsom. “Parker Development Company has been an important and consistent partner in serving the Folsom community by building and enhancing quality trails within The Parkway,” said Miklos. Parker Development Company was recently awarded the Developer […]

Georgetown boasts a hexagonal heart

From the street, the Georgetown has the look of an expansive contemporary Georgian home. It’s all that, and more. The inner secret, barely hinted at by its central roof lines, is the vaulted hexagonal great room at its heart. Inside, six open-beamed, pie-shaped segments rise to unite at a lofty central apex. This soaring ceiling […]

Selling your home? Know the perils of off-MLS listings

California Association of Realtors As California real estate market changes, so does the vocabulary of real estate. Once common phrases from the real estate recession such as distressed property, short sale and shadow inventory are fast being replaced as the real estate market improves by new phrases, such as equity sale, multiple offers and off-MLS […]

Opportunities abound in housing market but challenges remain

National Association of Realtors WASHINGTON, D.C. — The shape of homeownership and housing markets has changed dramatically over time and will continue to change in the face of new housing opportunities and challenges. That’s according to panelists at the “Challenges and Opportunities in Housing and Homeownership” session during the Realtors 2013 Midyear Legislative Meetings & […]

Metro areas’ home prices continue to grow

National Association of Realtors WASHINGTON, D.C. — Metropolitan area median home prices continued to rise in the first quarter, with the national gain showing the best year-over-year performance in over seven years, according to the latest quarterly report by the National Association of Realtors. A companion breakout of income requirements to purchase a median-priced home […]

Ground zero: Keeping for keeps

I am not done yet. I wonder if I ever will be. Yes, I got my parents’ house cleared out all right. I sold, salvaged, saved and scrapped — all to get the old homestead cleaned up and on the market. The place was pristine. All new interior paint and finishes screamed fresh start for […]

Contractor sting in El Dorado Hills nabs 11

SACRAMENTO – A citation for unlicensed contracting was the last birthday present one unlicensed operator expected when he submitted a bid for a painting job at an El Dorado Hills undercover sting house on Saturday, April 20. Conducted by the Contractors State License Board’s Statewide Investigative Fraud Team, with assistance from the El Dorado County […]

How fire safe are you?

CAMINO — If you live in a mobile or modular home your risk of a house fire is increased due to the types of materials used in its construction, according to Cal Fire Unit Chief Kelly Keenan of the Amador-El Dorado Unit. “Your risk of dying in a mobile or manufactured home fire is 30 to […]

Conventional financing verses government financing

By Mike Southwick After the real estate bubble burst in 2007 we saw a significant shift in the type of loans that most people chose to pursue. Prior to 2007 there were all sorts of options available — zero down, interest only, adjustable rate mortgages and even negative amortization type loans. After 2007 and going forward the most […]