Archive for August 2023

Home Sales vs Home Prices: As mentioned in an earlier newsletter, the elevated mortgage rates and limited housing supply are suppressing home sales in California (and across the nation). Let’s not confuse the number of home sales with the price/value of a home. The number of homes that have sold is down year over year…

What is a NORMAL Housing Market Anyway?  I’ve been in the real estate business since January 1995 (when I got my license) and as much as I can tell, the real estate market is constantly changing.. According to the sources at Buffini and company, a Normal/Balanced market is when neither the seller nor the buyer…

Can I get Fire Insurance for my home?  Good question in California. State Farm was the most recent insurance carrier to stop accepting homeowner insurance applications in CA. (citing the growing risk of fire damage and the rising cost to rebuild). This being said, there are other insurance carriers that do offer homeowners insurance (ask…

Spring Market Heating Up: With all the wet weather and cold temperatures earlier this year, the spring housing market was a little late getting started. As you will see, there is much more activity and home prices are on the rise again. As mentioned in an earlier newsletter, I felt that January of 2023 was…