Wednesday, April 16, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

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 […]

Contractors State License Board stings nabs dozens

SACRAMENTO – Nearly 80 people face various criminal charges after being caught earlier this month by the Contractors State License Board during 13 undercover sting operations at seven locations throughout California. Among those arrested in CSLB’s summer California Blitz were a convicted felon, a registered sex offender, and two suspects caught with drugs or drug paraphernalia. Investigators from CSLB’s Statewide […]

June home sales ebb; median home price climbs

LOS ANGELES — California home sales pulled back in June as home prices continued to climb, with most regions posting healthy double-digit year-over-year gains and the statewide median price maintaining above the $400,000 mark for the third straight month, the California Association of Realtors reported. “Despite a small increase in inventory, the supply of housing […]

Welcoming Vercelli brings Tuscany home

Associated Designs Looking at the tile, stucco and overall details of the Vercelli, you might imagine you’ve been transported to Tuscany. This Mediterranean-style villa is clearly evocative of sunny climates. A fountain and graceful wooden arbor welcomes you as you walk under a stucco arched entry at the front porch. Inside, the Vercelli continues to […]

Foreign homebuyers continue to identify U.S. as profitable investment

WASHINGTON, D.C. — International home sales in the U.S. declined in the past year, but are at their second highest level in recent years and are over 6 percent of total existing-home sales in value. According to the National Association of Realtors 2013 Profile of International Home Buying Activity, interest in U.S. properties continues to grow, signaling […]

Gathering spaces fill Fairheart’s core

The barn doors fronting the Fairheart give this ranch-style home a fresh face that calls for a second look. These wide doors slide together and can be latched closed to cover the great room’s window wall. Families that love barns will surely resonate with this feature, but the doors also offer an extraordinary level of […]

Realtors report positive trends in commercial market

WASHINGTON, D.C. — Realtors who practice commercial real estate have reported an increase in annual gross income for the third year in a row, signaling the market is on the road to recovery. According to the National Association of Realtors 2013 Commercial Member Profile, transactions and sales volume have also increased since last year. The study shows […]

Fairbanks has a traditional, colonial flavor

The Fairbanks is a traditional large home, designed to provide plenty of living space for spreading out during long, cold winter months. The central section of its exterior has a symmetrical, almost colonial look. Handsome brick columns support an arched and gabled entry that creates a frame highlighting the front door, accented by sidelights and […]

Voit breaks into sales top 10

Voit Real Estate Services is the only regional real estate firm that ranked in the top 10 nationally in industrial investment sales in the first quarter of 2013, according to statistics just released by national market research firm Real Capital Analytics. Voit, a full-service commercial real estate provider serving Sacramento and the southwestern United States, […]

California home sales and prices spring higher in April

California Association of Realtors LOS ANGELES — Fueled by high demand and tight inventory, California home sales and prices both experienced strong increases in April, with the median price surpassing the $400,000 mark for the first time in five years, the California Association of Realtors reported. “California’s housing market maintained its momentum in April, getting […]

Top 10 steps to prepare for a remodel

DES PLAINES, ILL. — I n honor of National Home Improvement Month this May, the National Association of the Remodeling Industry advises homeowners of the 10 most important steps to take before the remodeling project starts. “The planning and researching phases of a project are the most critical steps in the remodeling process,” says NARI National […]

Homeowner 101: Do your materials homework before hiring a contractor

By Jeff Nilluka What’s always nice for me in going to a first meeting with someone is a homeowner who has done their homework — looking up the contractors license number with the Contractors State License Board and researching different materials they want to use. There are so many books, magazines, websites and even friends’ […]

Remodeling activity gains speed

DES PLAINES, ILL. — The National Association of the Remodeling Industry’s first-quarter Remodeling Business Pulse  data of current and future remodeling business conditions is reaching new heights, as quarter-over-quarter increases are seen across all sub-components measuring remodeling activity. As remodelers approach the busy season, overall current business conditions have seen steady increases since March of 2012, […]

Nationwide Open House Weekend kicks off spring home buying season

EDCAR Purchasing a home is one of the most important decisions in a person’s life and deciding on a particular house comes with many options. Forty-five percent of recent buyers used open houses as a way to narrow down their choices and find their dream home. Buyers in El Dorado County will have the opportunity […]

Message from the president: The county’s Housing Element update

Recognizing the problem Every county in California is required by state law to provide housing for all levels of income earners. El Dorado County has failed to provide housing for the moderate-income earners (those households of four with income limits of $91,300), those with low-income (household of four with limits of $60,900) and very low-income […]