03/07/2019 – Did you miss the show? Or want to hear it again? Here’s the podcast:
03/07/2019 – Did you miss the show? Or want to hear it again? Here’s the podcast:
Tune in Sunday 3/24 , 9-10am pst. on KSRO.
When it comes to government, economic development, and planning, in Santa Rosa, CA, David Guhin wears a lot of hats, so we’ve got a lot to talk about!! (Scroll down to a list of topics)
In addition to the Assistant City Manager duties, Mr. Guhin’s responsibilities include the City’s Planning, Building, Engineering and Economic Development functions.
Mr. Guhin has established ongoing process improvement implementations to expedite and enhance the development process, guided the development of the City’s Housing Action Plan, lead the development of the City’s comprehensive cannabis policy and tax initiatives, oversaw the Roseland Annexation process, and is developing an aggressive downtown housing initiative to encourage multi-family housing in the downtown core to support transit oriented development and the health and economic vitality of our downtown.
Mr. Guhin is also heading the rebuild effort for the City of Santa Rosa from the 2017 Tubbs Fire that destroyed approximately 3,000 homes in the City.
Tune in 9:00-10:00am pst Sundays on KSRO, 1350am, 103.5/94.5fm and streaming live at ksro.com.
Karissa Kruse is President of the Sonoma County Winegrowers, a marketing and educational organization dedicated to the promotion and preservation of Sonoma County as one of the world’s premier grape growing regions. Karissa joined Sonoma County Winegrowers as Director of Marketing in September 2012 and was named President for the organization on May 1, 2013. Since taking over the top leadership role at the Sonoma County Winegrowers, Kruse has guided the strategy and implementation of Sonoma County’s commitment to become America’s first 100% certified sustainable wine region. Her forward thinking approach has helped Sonoma County Winegrowers gain global recognition for their efforts and she’s been invited to speak at major conferences around the world.
In an effort to continue to lead in the social responsibility component of sustainability, Kruse announced the relaunch of the Sonoma County Grape Growers Foundation in January 2016, which aims to assist local agricultural employees and their families in the areas of healthcare, affordable housing, childcare, education and workforce development. She currently serves as Executive Director of the Foundation.
In January of 2017, Kruse launched the Sonoma County Center for Ag Sustainability, a think tank in partnership with the Wharton School of Business, that is focused on bringing subject matter experts from around the United States to Sonoma County to work on issues and opportunities affecting the long-term preservation of agriculture.
Karissa earned a BS in Economics and an MBA in Marketing from Wharton School of Business at the University of Pennsylvania. She has 20 years of experience in various aspects of marketing, brand management, strategic planning and business development. Karissa has worked for companies such as General Mills, Universal Studios, Mattel and Dairy Management.
She is a partner in a small winery, Argot Wines, and the owner of a 12-acre vineyard on Sonoma Mountain.
Kruse is on the Alumni Advisory Board for Wharton’s Initiative on Global Environmental Leadership and a member of the Global Wharton Women in Leadership. She is also on the German Marshall Fund Alumni Leadership Council and FIVS Global Environmental Sustainability Working Group. She is on the Board of Directors, Executive Committee and Housing Task Force for the Sonoma County Alliance. Kruse also sits on the Board of Directors, Board Development Committee and Women’s Leadership Council of the United Way of Wine Country. She is on the Board of Directors of Sonoma County Tourism, Social Advocates for Youth, Sonoma County Harvest Fair, Santa Rosa Chamber of Commerce and Shone Farm Foundation. Kruse serves on the Health Action Catalyst Team and its Governance Working Group and is a member of the Santa Rosa Junior College Wine Studies Advisory Board. In 2014, Kruse was selected as a North Bay Business Journal Women in Business Award recipient and was a Forty under 40 Award recipient in 2012. Kruse was honored with the Marshall Memorial Fellowship in 2015. She received the 2016 Friend of Agriculture Award from the Sonoma County Harvest Fair. She was named to the 2016 Wine Business Monthly Magazine’s Top 50 Wine Industry Leaders. In 2017, she was named on the Organic Authority’s List of “Badass Disruptors Changing Your Food System.” Karissa was honored by the North Bay Business Journal in 2017 with a Community Philanthropy Award.
Burbank has built and owns over 3,500 units of affordable housing. Additionally Burbank has built close to 1,000 homes that are subsidized and sold below market.
“Communities thrive when housing is affordable. By reducing the stress of poverty and providing opportunities to achieve a brighter future, we’re investing in the future of our entire community. Through caring Property Management and vibrant Community Services programs, we’re committed to providing high-quality, safe places to live as well as access to health and wellness resources and services, educational opportunities and financial security.”
86 Communities Built
2847 Rental Units
815 Homes Built
229 In Development
“A home is just the beginning. We build communities and connect them to much needed resources in our community.We partner with local agencies and local service providers to bring free programs to our residents.” – Burbank Housing
Visit www.burbankhousing.org for more information
I’ll be discussing a recent article by Robert J. Shiller (of Case/Shiller Fame) where he discusses probable reasons FOR the surge but is really at a loss as to WHEN it will end and WHAT will cause it to stumble and fall. He writes of the three great booms and how this current one is #3 on his list. It’s startling when you realize he really doesn’t have a clue as to WHEN it will fail and by how much. We’ll be discussing this on the show as I read excerpts from his recent article. CLICK HERE for the full article as it appeared in the New York Times.
I’m delighted to have old friend and tried and true Lender, Denise Stiles on my show for the first time! She brings a wealth of knowledge and experience having worked with some of the largest loan originators in the business. She is passionate about her work and it shows with her excellent customer care. Welcome Denise to the Real Estate Hour, Sunday, December 2nd. Usual hours! 9 to 10am pst. Tune us in at KSRO, 1350AM, 103.5 or 94.5FM or www.KSRO.com. And don’t forget–if you missed any words of wisdom or just like listening to my sonorous voice here’s a link to our “Ask the Expert” page on the KSRO web site–CLICK HERE!
For Denise Stiles, the greatest joy of working in the mortgage industry is helping her clients achieve their homeownership dreams. She understands that owning a home is the first step toward true financial freedom and will do everything she can to make the homebuying process as easy as possible. Specializing in new construction loans, Denise also possesses a deep knowledge pertaining to jumbo, conforming, FHA and VA loans. She especially loves helping our nation’s veterans own their dream home.
Good morning to one and all! Here’s some data I’ll be discussing this morning on “The Real Estate Hour” heard every Sunday, 9 to 10am pst. 1350AM, 103.5 and 94.5FM and www.KSRO.com. Above is a chart showing how far we’ve come from the “Depth” of the recession in relation to median home price in the Bay Area. The top 4 counties with the biggest come back are in double digits. Sonoma County? 3% above.
Currently we have 1055 “Active” or “Showable” Detached Single Family dwellings listing in Sonoma County-for a population of 500,000+. Slim Pickens!
Of those “Active” listings 316 are $1+Million! or 30%.
Here’s a price breakdown:
$251,000 to $499999 122
$500,000 to $749,999 422
$750,000 to $999,999 190
1+Million to $1,249,999 65
$1,250,000 to $,1499,999 53
$1,500,000 to $1,749,999 31
$175,000 to $1,999,999 29
$2+ Million 128.
Condos–Total of 117.
Solds–obviously due to the Fires of last year the October Sales will be skewed. After October 9th our “Cancelled” and “Expired” listings shot through the roof as those homes listed and lost in the fire left the market. Sales plummeted but soon heralded a big boom in the $1+Million price point as folks replaced lost homes.
Today we have current 266 Sold sales to date–last year 182.
We are seeing some pretty dramatic increases in Median home pricing due to the purchases made by not only fire victims but also those seeking to live in our gorgeous “Destination” county. Graph above shows the City of Sonoma and how the median home price has soared over last year at this time. Areas in Sonoma County where the “Active” listings median home price tops $1,000,000: Sea Ranch ($1,174,500), Sonoma ($1,587,500), Petaluma West ($1,087,000), Sebastopol ($1,150,000), Healdsburg ($1,395,000.
However, inventory continues to be weak but is surging. The amount of “Active” or “Showable” listings for the entire county jumped over 800 this week but this is still a weak number. The only area of Sonoma County with some double digit price segments is in the NorthWest area of Santa Rosa. So still skinny. Ironic that the 2nd hardest area hit by the October fires has the most inventory.
Remember, our inventory reflects the following areas of Sonoma County, a population over 500,000: Santa Rosa NW,NE,SE,SW, Petaluma E and W, Healdsburg, Cotati, Rohnert Park, Windsor, Sebastopol, Russian River, Sonoma (city of), Coastal Sonoma, Penngrove, Cloverdale, Oakmont,Annapolis, Sea Ranch
We seem to be suffering under the MORE INVENTORY WILL EQUAL MORE SALES notion. Granted, more inventory would allow more choice, lower our appreciation rate as we’d have more to choose from with fewer overbidding, but note the sales are NOT that dramatically different when there is more inventory. Looking back 10 years you can see in the light green the huge amount of inventory vs. today’s anemic numbers. However, the sales do not look all that much different.