Get Ready For Bay Area Open Houses this weekend

Open Houses Schedule For West Solano County – Updated Weekly

West Solano Open Houses

West Solano Open Houses

We represent buyers/sellers/investors in western Solano County: Vallejo, Benicia, Fairfield, Suisun City plus American Canyon.

Visit your idea properties and contact us for details and a private showing.

How to Keep House Cool | Keep Cool Without AC | HouseLogic Energy Tips

You don’t have to switch on the air conditioner to get a big chill this summer. These tips will help you keep your house cool without AC, which will save energy (and avoid AC wars with your family).

 

Block that Sun!

When sunlight enters your house, it turns into heat. You’ll keep your house cooler if you reduce solar heat gain by keeping sunlight out.

  • Close the drapes: Line them with light-colored fabric that reflects the sun, and close them during the hottest part of the day. Let them pillow onto the floor to block air movement.
  • Add awnings: Install them on south- and west-facing windows to reduce solar heat gain by up to 77%, says the U.S. Department of Energy. Make your own by tacking up sheets outside your windows and draping the ends over a railing or lawn chair.

Read more: http://www.houselogic.com/home-advice/saving-energy/how-keep-your-house-cool-without-ac/#ixzz2VdTWqluP

How to Keep House Cool | Keep Cool Without AC | HouseLogic Energy Tips

How to Keep House Cool | Keep Cool Without AC | HouseLogic Energy Tips.

Foreclosure Activity Back on the Rise | Realtor Magazine

realtor

Foreclosure filings—which include default notices, scheduled auctions, and bank repossessions—increased 2 percent in May, rising from a 75-month low in April, according to the latest foreclosure report from RealtyTrac. Still, foreclosure filings are down 28 percent from a year ago.

The May increase was largely attributed to an 11 percent increase in bank repossessions. Foreclosure starts also ticked up 4 percent in May over last month, with 26 states posting increases, according to the report.

 

 

Foreclosure Activity Back on the Rise | Realtor Magazine.

Open Houses Schedule For HWY-4 Area and North Central Contra Costa Properties, Updated Weekly

Hwy4 and north central Contra Costa Open House Schedule

Hwy4 and north central Contra Costa Open House Schedule

 HWY-4 and North Central Contra Costa Open Schedule for this weekend. Updated Weekly

Cities are: Martinez, Pleasant Hill, Concord, Antioch, Pittsburg, Brentwood, Oakley, and others.

Go see those properties and contact us for a private showing and ask us for details.

How to Get Kids to Save Energy | Saving Energy at Home | HouseLogic

lights

Want your kids to pitch in and help save energy? Green parenting bloggers weigh in on getting kids to flip the switch and stop wasting energy.

 

 

How to Get Kids to Save Energy | Saving Energy at Home | HouseLogic.

Oakland Open House Schedule – updated daily

contact us for details, private showings,

Contact us,510.296.4876, assistly@ebpre.com for details and a private showing.

60% of our buyers with loan approval are in property purchase contract in less than 30 days.

We are Watermark Properties ready to help you accomplish your realestate objectives now.

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Rebuilding Together seeks to revitalize hardest-hit communities | HousingWire

Rebuilding Together and 500 volunteers from housing-related organizations joined forces this week to renovate nearly a dozen homes and community areas devastated by Hurricane Sandy.

Rebuilding Together and its affiliates in New York and New Jersey, along with national and local partners, are planning to rebuild at least 200 homes by 2014.

“Gerritsen Beach, a close-knit community located on the southeastern side of Brooklyn, was devastated when Hurricane Sandy slammed into the neighborhood with close to 10 feet of raging waters,” said John Fiegel, interim president and CEO of Rebuilding Together.

He added, “Along with our partners, Rebuilding Together is committed to restoring nearly a dozen homes and community areas here. In addition to the important funding, Rebuilding Together appreciates the hands-on work that presenting sponsors Lowe’s and Meredith are contributing, as well as the ground work by our local New York affiliate and other partners.”

In its six years of partnership with Rebuilding Together, Lowe’s ($41.99 -0.12%) has contributed more than $7 million to help families across the nation improve and maintain their homes.

“Lowe’s is focused on continuing to work closely with our partners to deliver funding, supplies and volunteer support to the areas hit hardest by Hurricane Sandy,” said Dennis Knowles, U.S. stores executive.

He added, “In partnership with Rebuilding Together, we’ve been able to make a long-term impact by helping communities rebuild and recover.”

 

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Rebuilding Together seeks to revitalize hardest-hit communities | HousingWire.

DQ Custom Housing Reports Bay Area

La Jolla, CA.–The median price paid for a Bay Area home moved above the half-million-dollar mark for the first time in almost five years, pushed up by pent-up demand, an improving economy, investor activity, low mortgage interest rates and constrained supply, as well as a continued decline in distressed sales, a real estate information service reported.

The median price paid in the nine-county Bay Area rose to $510,000 in April. That was up 17.0 percent from $436,000 in March, and up 30.8 percent from $390,000 in April a year ago, according to San Diego-based DataQuick.

The 17.0 percent month-to-month increase is the highest in DataQuick’s Bay Area statistics, which go back to 1988.

“There’s somewhat of a perfect storm here, statistically speaking. The pent-up demand, the economy, interest rates, investor buying. Everything is in alignment right now, but that won’t always be the case. Also, it’s easier to regain lost ground. A major element to watch for between now and fall is how many homes are put on the market at these higher price points,” said John Walsh, DataQuick president.

The Bay Area’s median sale price first passed the $500,000 threshold in May 2004, when it rose to $501,000. It continued rising and held well above that level for four years, then dropped below $500,000 in June 2008 as home prices tumbled. From its $665,000 peak in June/July 2007 to its $290,000 trough in March 2009, the median plunged 56.4 percent, or $375,000. As of last month most of the Bay Area’s peak-to-trough loss had been regained. The median was up $220,000 from its March 2009 trough, meaning it had made up about 59 percent of its loss.

Much of the median’s ups and downs the last five years can be attributed to shifts in the types of homes sold. When the recession hit, low-cost inland foreclosures dominated, while sales in mid- to high-end markets languished. In recent months the opposite has been the case: Sales of pricier move-up homes have surged and sales of low-cost foreclosures have plummeted.

It appears a little more than half of last month’s 30.8 percent year-over-year increase in the median was price appreciation, while the rest was shifts in market mix.

A total of 7,621 new and resale houses and condos were sold in the nine-county Bay Area in April. That was up 5.2 percent from 7,243 the month before, and down 0.6 percent from 7,667 for April a year ago. Sales have fallen year-over-year for three consecutive months, mainly reflecting the constrained inventory of homes for sale.

Historically, sales have increased an average of 4.2 percent from March to April. Since 1988, when DataQuick’s statistics begin, April sales have varied from 5,636 in 1995 to 14,430 in 2004. Last month’s sales were 15.6 percent below the April average of 9,033.

The number of homes that sold in April for less than $500,000 decreased 25.7 percent year-over-year, while the number sold for more increased 24.9 percent, DataQuick reported.

Last month distressed property sales – the combination of foreclosure resales and “short sales” – made up about 24 percent of the resale market. That was down from about 27 percent in March and 44 percent a year ago.

Foreclosure resales – homes that had been foreclosed on in the prior 12 months – accounted for 8.5 percent of resales in April, down from a revised 10.2 percent in March, and down from 21.9 percent a year ago. Last month was the lowest since 8.2 percent in October 2007. Foreclosure resales peaked at 52.0 percent in February 2009. The monthly average for foreclosure resales over the past 17 years is about 10 percent.

Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 15.0 percent of Bay Area resales last month. That was down from an estimated 16.4 percent in March and down from 22.1 percent a year earlier.

Jumbo loans, mortgages above the old conforming limit of $417,000, accounted for 48.1 percent of last month’s purchase lending, up from a revised 43.2 percent in March, and up from 35.8 percent a year ago. Last month’s jumbo share was the highest since August 2007 when it was 58.6 percent. Jumbo usage dropped as low as 17.1 percent in January 2009.

Adjustable-rate mortgages (ARMs), an important indicator of mortgage availability, accounted for 14.4 percent of the Bay Area’s home purchase loans in April. That was up from a revised 13.1 percent in March, and down from 14.9 percent in April last year. Since 2000, ARMs have accounted for 48.2 percent of all purchase loans. ARMs hit a low of 3.0 percent of loans in January 2009.

Government-insured FHA home purchase loans, a popular choice among first-time buyers, accounted for 11.0 percent of all Bay Area home purchase mortgages in April, down from 11.5 percent in March and down from 18.4 percent a year earlier. In recent months the FHA level has the been the lowest since summer 2008, reflecting both tougher qualifying standards and the difficulties first-time buyers have with competing with investors and other cash buyers.

The most active lenders to Bay Area home buyers last month were Wells Fargo with 13.8 percent of the market, RPM Mortgage with 4.3 percent, and Stearns Lending with 3.7 percent.

Last month absentee buyers – mostly investors – purchased 24.2 percent of all Bay Area homes. That was down from a revised 27.0 percent in March, and up from 23.5 percent a year ago. Absentee buyers paid a median $362,000 in April, up 31.6 percent from a year earlier.

Buyers who appear to have paid all cash – meaning no sign of a corresponding purchase loan was found in the public record – accounted for 27.8 percent of sales in April. That was down from 30.8 percent the month before and down from 28.3 percent a year earlier. The monthly average going back to 1988 is 13.0 percent. Cash buyers paid a median $365,000 in April, up 35.2 percent from a year earlier.

San Diego-based DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. Because of late data availability, sales were estimated in Alameda, San Francisco and San Mateo counties.

The typical monthly mortgage payment that Bay Area buyers committed themselves to paying last month was $1,821. That was up from $1,581 in March, and up from $1,492 a year ago. Adjusted for inflation, last month’s payment was 35.8 percent below the typical payment in spring 1989, the peak of the prior real estate cycle. It was 52.6 percent below the current cycle’s peak in July 2007.

Indicators of market distress continue to decline. Foreclosure activity remains high by historical standards but well below peak levels reached several years ago. Financing with multiple mortgages is low, down payment sizes are stable, DataQuick reported.

DQ Custom Reports Bay Area ReleaseD.

DQNews – California April House Sales – Press Release

An estimated 39,051 new and resale houses and condos sold statewide last month. That was up 3.4 percent from 37,764 in March, and up 2.1 percent from 38,241 sales in April 2012, according to San Diego-based DataQuick.

Last month’s sales count was the strongest for an April since 48,894 homes were sold in April 2006. California April sales have varied from a low of 27,625 in 1995 to a high of 71,638 in 2004. Last month’s sales were 11.1 percent below the average of 43,920 sales for all the months of April since 1988, when DataQuick’s statistics begin.

The median price paid for a home in California last month was $324,000, which is the highest for any month since the median was $328,000 in June 2008. Last month’s median was up 3.5 percent from $313,000 in March and up 22.7 percent from $264,000 in April 2012. April was the 14th consecutive month in which the state’s median sale price rose year-over-year. In March/April/May 2007 the median peaked at $484,000. The post-peak trough was $221,000 in April 2009.

Of the existing homes sold last month, 13.5 percent were properties that had been foreclosed on during the past year – the lowest level since foreclosure resales were 12.6 percent of the resale market in September 2007. Last month’s figure was down from a revised 15.0 percent in March and 30.3 percent a year earlier. Foreclosure resales peaked at 58.8 percent in February 2009.

Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 17.7 percent of the homes that resold last month. That was down from a revised estimate of 19.7 percent the month before and 23.9 percent a year earlier.

The typical mortgage payment that home buyers committed themselves to paying last month was $1,157. That was up from $1,134 in March and up from $1,010 a year earlier. Adjusted for inflation, last month’s typical payment was 49.8 percent below the 1989 peak of the prior real estate cycle, and 59.3 percent below the 2006 peak of the current cycle.

DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.

Indicators of market distress continue to decline. Foreclosure activity remains well below year-ago and peak levels reached several years ago. Financing with multiple mortgages is low, while down payment sizes are stable, DataQuick reported.

Media calls: Andrew LePage (916)456-7157 or alepage@dqnews.com

DQNews – California Press Release.