Monday, July 28, 2008
Tuesday, July 22, 2008
Monday, July 21, 2008
Thursday, July 17, 2008
Tuesday, July 15, 2008
Friday, July 11, 2008
What this means to Santa Rosa real estate, both buyers and sellers, is a tighter credit market decreasing the number of qualified buyers. With less buyers, the home inventory will continue to rise. As inventories rise, prices fall.
We're not at the bottom yet.
See the real estate stats for Santa Rosa for yourself, not a pretty picture.
Wednesday, July 9, 2008
First, consider the big picture. Nationwide, home prices in the first quarter of 2008 fell 14.1 percent compared with the same period a year earlier, according to the Standard & Poor’s/Case-Shiller U.S. National Home Price Index.
Not only that, earlier this month, the National Association of Realtors pointed to the huge number of existing homes on the market. As of the end of April, the total number was 4.55 million. At the rate people are buying right now, that represents an 11.2-month supply.
So buyers have options right now. A lot of them. I’m no different. Your home is great, but it isn’t unique. Few homes are. I know this may be hard to hear, since you’ve spent years creating memories here. But you may be waiting a long time if you hope to find a buyer with the same emotional connection that you have.
Tuesday, July 8, 2008
There are some very interesting dynamics happening in the Santa Rosa real estate market.
You can see the latest sales trends in Santa Rosa real estate here.