Top 5 Reasons Ex-Homeowners are Choosing to Rent in 2014
From Around the Web…
Here’s a great article from Real Estate Economy Watch, Nearly Half of All Renters are Ex-Homeowners
Sonoma County Foreclosures Go Down, Home Values Go Up
The Press Democrat published a new article on their blog regarding our local real estate market in 2013: Sonoma County Foreclosures Drop to Lowest Level in Seven Years.
As you can see in the Market Snapshot from GreatHomes.org, the median home prices showed a big increase from January 2013 to December 2013.
Sonoma County Home Values for December 2013
Median Home Prices for December 2013 (Single Family Homes)
The History of Mortgage Rates: Why Now is a Good Time to Refinance
“Those who cannot remember the past are condemned to repeat it”
– George Santayana
Can you remember the interest rate on your mortgage when you purchased your first home?
I asked this question on facebook a while ago and I received a wide range of answers. Most rates were over 6%. I now hear people in our industry talking about how rates are going up and the activity of refinance loans will dry up.