Monday, October 20, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

CAR releases 2015 California Housing Market Forecast

Sales to increase slightly LOS ANGELES — With more available homes on the market for sale, California’s housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly and prices flatten out in 2015, according to the California Association of Realtors’ recently released 2015 California Housing Market Forecast. The CAR […]

Navigating the online home search

Before there were fax machines, e-mail, computers and cell phones, my grandfather, a real estate broker in Northern California, would take a private plane to fly documents between buyers and sellers to get signatures on contracts that my grandmother, also a broker and a contractor, typed in triplicate on a typewriter. When homebuyers wanted to […]

Existing-home sales continue to climb in July

WASHINGTON, D.C. — Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone, 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, rose 2.4 percent to a seasonally adjusted annual rate of […]

Housing recovery pushes investors into more remote areas

LOS ANGELES — Given the depletion of distressed homes on the market, investors are changing their strategy and are moving away from purchasing homes in more popular, urban areas in favor of more rural areas of the state where better deals can be found, according to a California Association of Realtors investor survey. In 2014, nearly half (45 […]

Housing affordability declines statewide

LOS ANGELES — Lower interest rates in the second quarter of 2014 failed to offset continued home price increases, lowering housing affordability statewide and in 19 of 26 counties in California, the California Association of Realtors recently reported. The percentage of homebuyers who could afford to purchase a median-priced, existing single-family home in California fell from 33 […]

Unique Coronado focuses on family pool

It’s just a few steps to the pool from almost anywhere in the Coronado. You can get there from the family room, owners’ bath and guest suite, as well as from the entry hall. Even the stairs from the second level bedrooms lead directly down to triple sliding doors that open onto the patio. The […]

Craftsman-style Ravenden is economical

Craftsman-style windows, porch supports, and decorative gable ends lend their timeless appeal to the Ravenden. This small ranch-style home offers a combination of openness, economy and contemporary features that both empty nesters and young families will find appealing. Shake-textured shingles fill the triangular gable fronts, while also adding visual appeal to the framed-out bases of […]

Luxurious Marion fits on narrow corner lot

Painted columns support the Marion’s lavishly windowed front porch, creating an overall impression of warmth and understated refinement. Shutters and a plant shelf add to the charm. This large two-story home with side-opening garage is designed to fit on a narrow corner lot, but the garage could just as easily open to the front. Entering, […]

Brewfest returns to downtown Placerville June 28

This year’s Belltower Brewfest is 6-9 p.m. Saturday, June 28. The festival will close historical Main Street from Sacramento Clay streets. Over 45 craft breweries will be pouring samples inside merchant locations, on the street, and in the Mooney Parking Lot near Tortilla Flats. And as always, the Belltower will be dressed up as a […]

Paulette Lewis named Coldwell Banker sales associate

Coldwell Banker Residential Brokerage, the leading provider of real estate services in Northern California, recently announced that Paulette Lewis has affiliated with the company as a sales associate in its El Dorado Hills office. In her new position, Lewis will specialize in residential sales in Placer, El Dorado Hills and Sacramento Counties. “Paulette will be a great […]

Vibrant colors are back in remodeling projects

Des Plaines, Ill. — Vibrant, energetic colors, especially in kitchens, is one of the top trends seen in 2014. Kitchens remain a top remodeling project, according to Member Profile Study data from the National Association of the Remodeling Industry. Eighty-two percent of NARI members identify kitchens as their primary service offering. The use of color in […]

Hilltop home views outrank water-front views

LOS ANGELES — Even in a state with hundreds of miles of beautiful, sandy beaches, luxury homebuyers in California preferred hilltop homes over ocean-front properties by a margin of four to one, according to the California Association of Realtors’ 2013 Luxury Real Estate Consumer Survey. Forty-one percent of buyers who bought luxury homes (homes priced […]

Realtors report positive outlook in commercial market

WASHINGTON, D.C. — Realtors who practice commercial real estate reported an increase in sales transaction volume and medium gross annual income last year, according to the 2014 National Association of Realtors’ Commercial Member Profile. NAR commercial members who were surveyed conduct all or part of their activity in commercial sales, leasing, brokerage and development for land, office and […]

Housing and economy to continue on an upward path, economists say

A growing economy, pent-up demand, competitive mortgage rates and affordable home prices will keep housing on an upward trajectory through 2015. However, several obstacles including tight consumer credit, shortages of lots and labor and rising materials prices are hindering a more robust recovery, according to economists who participated in the recent National Association of Home […]

Time to spring outdoors and fix them up

Ahh, Spring. Finally. After The Winter That Wouldn’t Quit, we’ve come to that welcome slice of  time between shiver and swelter, those few months when it’s warm enough to work in the yard but not so hot you spout sweat like a rain bird. Excuses thaw. You can’t say it’s too cold or  too hot, […]

Coldwell Banker outsells the competition

SACRAMENTO — Coldwell Banker ranked as the number one real estate brand in the Sacramento-Tahoe area housing market once again last year for total sales volume, according to figures from MetroList Services, Inc., the local multiple listing service. With sales volume of nearly $2.34 billion in 2013, Coldwell Banker surpassed Lyon Real Estate, Re/Max, Keller […]

Turning obstacles into opportunities

Some years ago when I was taking horseback riding lessons, I felt this unfamiliar and fleeting sensation that could only be described as getting the hang of it. In that same millisecond, my trainer, glimpsing perhaps smugness, knocked me off my high horse saying,  “A good rider is not one who can ride a good […]

Generational study shows confidence in market, some challenges

WASHINGTON, D.C. — Young home buyers remain optimistic and see their home as a good investment, while older buyers are more likely to trade down to a smaller property to match changing lifestyles, according to the 2014 National Association of Realtors Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent home buyers […]

California home sales lose momentum in February

LOS ANGELES — California home sales fell in February, but housing inventory increased as sellers gear up for the spring home-buying season, the California Association of Realtors reported. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 361,210 units in February, according to information collected by CAR […]

Distressed housing market shrinks

LOS ANGELES — Vastly improved home prices over the past five years have changed the landscape of California’s distressed housing market, which is now just a fraction of what it was during the Great Recession, the California Association of Realtors recently reported. In January 2009, 69.5 percent of all homes sold in California were distressed, […]

Lethbridge has an array of gathering spaces

The Lethbridge is a traditional country-style home, designed for construction on a lot that slopes down at the right and rear. An impressive array of gathering spaces fills the central part of the main floor, while a wing to the right comprises the spacious owners’ suite, plus a library/office and powder room. Two more bedrooms, […]

Local artist creates home portraits

Mark Davidson, a former El Dorado Hills resident and local artist working under a “California Heritage Art” theme, introduces a new unique artwork feature: Real Estate Art, in which he creates an original commissioned painting on canvas depicting a homeowner’s real property. Davidson is nationally known for his artwork over the last 20 years, primarily with a […]

California home sales decline in December

LOS ANGELES — California home sales fell for the fifth straight month in December as the distressed market plays a dwindling role in the state’s housing market. Sales for the year were down 5.9 percent from 2012 as tight housing inventory and higher home prices squeezed out would-be buyers, the California Association of Realtors reported. […]

Rustic Bismarck features great rear view

A hexagonal great room is at the core of the Bismarck, a vacation home designed to take full advantage of a panoramic view to the rear. Families that enjoy staying in touch with nature will appreciate this plan. Its rustic styling blends naturally into the landscape, whether constructed in a forest, at a canyon’s edge, […]

U.S. commercial real estate market steadily climbs

WASHINGTON, D.C. — Commercial real estate leasing patterns are showing steady but modest growth, according to the National Association of Realtors quarterly commercial real estate forecast. Lawrence Yun, NAR chief economist, projects only modest changes in the coming year. “Jobs are the key driver for commercial real estate, and the accumulation of 7 million net new […]

Applications for new home purchases down

Mortgage Bankers Association WASHINGTON, D.C. — The Mortgage Bankers Association’s Builder Application Survey data for November 2013 shows mortgage applications for new home purchases decreased by 18 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. By product type, conventional loans composed 66.2 percent of loan applications, […]

Diminishing housing affordability continues to slow down home sales

LOS ANGELES — A run-up in home prices, coupled with higher interest rates, put downward pressure on housing affordability and led to the fourth straight month of sales declines in November, the California Association of Realtors reported. “Improving home prices are a double-edged sword for the housing market.  While welcomed news for homeowners and prospective […]

Remodeling market continues to show growth

DES PLAINES, ILL. — The National Association of the Remodeling Industry’s third-quarter Remodeling Business Pulse data of current and future remodeling business conditions continues to show growth. Quarter-over-quarter increases are evident in nearly all sub-components measuring remodeling activity. Entering into the holiday season, which has been a slower season in recent years, remodelers are reporting the […]

Government shutdown hampers October home sales

LOS ANGELES — California home sales declined for the third straight month in October as economic uncertainty surrounding last month’s government shutdown and a typical seasonal slowdown dragged down the state’s home sales, although sales of condominiums and townhomes continued to be strong, the California Association of Realtors reported. “As anticipated, the housing market was […]

Sierra Sotheby’s International Realty names new president

INCLINE VILLAGE, NEV. — Sierra Sotheby’s International Realty, a leader in the sale and purchase of Lake Tahoe area real estate, is pleased to announce the appointment of Peter Strand as president. Strand boasts more than 20 years of residential brokerage management experience including a background in independent technology consulting. Strand will oversee day-to-day operations […]

Survey shows lingering impact of tight credit

Although the housing market has shown a healthy recovery over the past two years, unnecessarily restrictive mortgage lending standards are preventing some financially qualified buyers from reaching their dreams, especially singles and first-time buyers, according to an annual study released today. The 2013 National Association of Realtors Profile of Homebuyers and Sellers continues a long-running series of […]

Most metro areas show strong annual home-price growth

WASHINGTON, D.C. — The majority of metropolitan areas in the third quarter experienced robust year-over-year price gains, with the national median price showing the strongest annual growth in nearly eight years, according to the latest quarterly report by the National Association of Realtors. The median existing single-family home price increased in 88 percent of measured markets, with 144 […]

Realtors report Americans prefer to live in mixed-use, walkable communities

WASHINGTON, D.C. — Choosing a community is one of the most important factors for consumers as they consider buying a home, and research by the National Association of Realtors has consistently revealed that Americans prefer walkable, mixed-use neighborhoods and shorter commutes. According to NAR’s 2013 Community Preference Survey, 60 percent of respondents favor a neighborhood with […]

California home sales cool

LOS ANGELES — California home sales declined for the second straight month in September, following rising interest rates and economic uncertainty, which put the demand for housing on hold for buyers. Meanwhile, housing supply conditions continued to loosen up as the housing market entered its off season, the California Association of Realtors reported. “It’s encouraging […]

Universal design is smart design

NARI DES PLAINES , ILL. — Remodeling trends may come and go, but one trend has evolved into an improved design movement focused on increasing accessibility for everyone in the home. The National Association of the Remodeling Industry recognizes universal design projects as proven design solutions for not only aging-in-place, but for families with special […]

Homebuyers value environmentally friendly features

National Association of Realtors Homeowners frequently see their heating bills rise as fall begins and the weather cools. For this reason, homes with energy efficient and environmentally friendly features are often a priority to prospective buyers. According to the National Association of Realtors’s 2012 Profile of Homebuyers and Sellers, nearly nine out of 10 recent […]

Feather your nest for fall

Every year, trends seem to fall straight from the sky into our homes. I mean that literally. You’ll recall, several years back, the butterfly trend, soon joined by the dragonfly trend. The highly stylized winged insects appeared on everything from wall art to water glasses, from t-shirts to tattoos. Then the bird trend flocked stores. […]

August single-family home sales ease back

Condo and townhome market takes off California Association of Realtors LOS ANGELES — Following a strong performance in July, California’s housing market pulled back in August as mortgage rates continued to inch up, although sales of condominiums and townhomes remained robust, the California Association of Realtors reported. “The condo and townhome market has been performing […]

Coldwell Banker Residential expands support network

SACRAMENTO — Coldwell Banker Residential Brokerage, Northern California’s leading real estate service company, announced today that it has expanded its marketing support team with the hiring of Heather Tornincasa as the new Sacramento/Tahoe regional marketing manager as well as a dozen marketing coordinators to be placed in each office throughout the area. The company is responding […]

Some California markets leading housing recovery

IRVINE — RealtyTrac, (realtytrac.com), the nation’s leading source for comprehensive housing data, recently released its first Housing Market Recovery Index, which shows metro area markets in upstate New York, southwest Florida and the Bay Area of Northern California are leading the housing recovery while markets in northern Maryland, southeast Pennsylvania and downstate Illinois are lagging the […]

Equity home sales continue sharp upward trend

LOS ANGELES — The share of equity home sales continued to grow in July, increasing on a monthly basis for 17 of the last 18 months, while distressed sales plunged by half compared to a year ago, the California Association of Realtors recently reported. “The increase in the share of equity sales reflects a market […]

Sunny Suncrest has bold, breezy design

Like its name, the Suncrest is redolent of sunny climes. Think Mediterranean, Florida, or the Southwest. You see it in the bold stucco columns supporting arched openings that frame the front door and two front-facing windows. And you feel it in the spacious, free-flowing family living areas, inside and out. Twelve-foot ceilings amplify the sense […]

Brookfield is a farmhouse with great room

The Brookfield, with its shuttered windows and inviting front porch, is an update of a traditional American country farmhouse. This large two-story plan boasts more than 5,000 square feet of living space and is best suited for construction on rural or semi-rural acreage. Entering, you step into a wide vaulted space that begins as a […]

Pending home sales slip in June

WASHINGTON, D.C. — After reaching the highest level in over six years, pending home sales declined in June, with rising mortgage interest rates beginning to impact the market, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, edged down 0.4 percent to 110.9 in June from a […]

Parkridge is two homes under one roof

At first glance the Parkridge looks like a roomy contemporary country home. That’s up until you notice the two front doors. The roof of this large dwelling actually shelters two three-bedroom homes. They are fairly similar in square footage, but are laid out somewhat differently. This plan would be ideal for two families who wish […]