Open House Sunday, March 7th! 1 to 4pm! -6601 BridgeWood Drive,Santa Rosa $449,900

Rincon Valley location one of the big highlights of this cosmetic fixer upper on big corner, cul-de-sac lot at the end of Bridgewood Drive just off of Montecito Blvd. However this end of the lane location is quiet with little drive through traffic. 2000+ sqft feet with 3 bedroom and 2 full baths this home has 1970 Design elements such as bit Knotty Pine family room with built-in bookshelves wrapping central fireplace. The “Love-Pit” which is  space sunken before the 2nd fireplace in the living room is something to behold! Single level for downsizers who still wish a good sized home to roam. Come see Allison ,Sunday, February 28th from 1 to 4pm.

National Housing Starts Lowest Since Tracking Began in 1959

The Commerce Department reported Wednesday that housing starts reached an annual rate of 791,000 last month, the lowest level since the department began tracking starts in 1959. The rate tumbled 4.5% from the revised reading of 828,000 in September.

Note also the magnitude of the drop in the chart below— it is unprecedented, having easily surpassed the 1982 collapse, the present circumstances have now become slightly worse than the 1973-75 fall.

A grim report ….but nothing we didn’t already suspect.  An unfortunate reality for the contruction industry.  In the end, demand will determine the supply. As we recently learned, supply does not create its own demand.  It’s an interesting path we’re on ….eh?

Listen on Sunday 2/21 as my guest John Sutter of ABS (Applied Building Science) explains the Sonoma County Energy Independence Program (SCEIP) and how it is creating jobs for the local construction industry, and how he has re-invented his own business to accomidate his interest in environmental issues, reducing his clients carbon footprint..and utility bill,  as well as sustaining his business. It’s a perfect shift.

Listen in Sunday from 9-10 am 1350 KSRO or streaming live at www.ksro.com. Continue reading National Housing Starts Lowest Since Tracking Began in 1959

Open House this Sunday 2/21 1-4pm

1034 Estes Drive. Priced at $279,900, this home is sure to go fast. Come on over and say Hi this Sunday. This classy remodeled home in Rincon Valley is sure to wow you.  Bamboo floors and warm colors throughout, bright kitchen with stainless appliances. Large yard with no two story neighbors looming over. This home is a real charmer.  Look for signs. ..Off of Montecito Ave just east of Middle Rincon, close to Santa Rosa, California’s desirable Rincon Valley schools.  Hope to see you there!

Santa Rosa, California Open House 1237 Trombetta Street, Super Price: $288,900!

 

 

Kitchencabinets1ExtStreetshot

Come see me Sunday, February 14th, YES!! I know it’s Valentine’s Day but you won’t find a sweeter valentine than this stunning value with 3 bedrooms, 2 baths, 1600+sqft, single leve with Tile Roof and remarkably in this price point–A 3 CAR GARAGE!! Wow! We are looking at offers on February 17th so you’d better hurry. The cards are stacking up at the property as Realtors/Agents show this screaming deal to their buyers. Give your sweetie something she really could use for Valentine’s Day– A great Home! Hope to see you there!

Sonoma County Buyers! Our property flyers in ONE spot! One-stop shopping!

We are bound and determined to make our transactions as transparent as possible. Hence we are uploading all of our documents to our Box.net collaborative site (just CLICK HERE)for you to check out anytime you wish! If you want to be notified of any new information send Mike or Alli an email to: nodumbquestion@gmail.comand we’ll make you a “collaborative guest” on our files web site! This way you’ll be notified of any new postings to this site. It’s information you NEED! The SCEIP program, latest interest rates, Our Property Flyer’s with some of the best price/values/deals in Sonoma County, Home Sales Data posted monthly, plus gobs of goodies! For now you can go see all of our property flyers for Sonoma County. Right now we are seeing an uptick in our inventory which portends well for this great spring time home buyers market in Santa Rosa, Rohnert Park, Sebastopol, Healdsburg,Wndsor and everyother town in our lovely Sonoma County!

Sweet Interest Rates for your SweetHeart on Valentine’s Day! 4.75! 1 Pt–Pitter Pat goes my Heart!

 Princeton Capital Group: Rates provided by our Interest Rate Guy: Pete Phillippe Give him a call at: 481-2737

Email Pete at: peterphillippe@princeton.com 

To $417,000 4.75% 1 pt , 30 yr fixed, or on a 5/1 arm program , 3.75% 1 pt !!

New Investment purchase or refinance to $417,000 5.125% at 1 pt!

To $662,250 5% 1pt 30 yr fixed or on a 5/1 arm program, 4.25% at 1 pt

To $417,000 4.75% 1 pt 30 yr fixed on FHA loans 3.5% down!

To $662,250 5 % 1pt 30 yr fixed on Jumbo FHA loans 3.5% down !

 Rates for your “Weeknd Real Estate Shopping” !

Commercial and multifamily loan originations in the 4th quarter 0f 2009 12% higher than they were during the same period last year. Loans for hotels up 105%, industrial property loans up 59% but multifamily loans down 8%. Biggest commercial lender is Wells Fargo with $475 billion in 2009 . Refinances still make up 69% of all loan applications in California ,thru January 2010 . The Jumbo loan market ( loan amounts about $662,250 in Sonoma county) has 9.5% delinquency, over 60s day late , performance record . . . why they are tough to get!

January 2010 Home Sales data Sonoma County,California-Home Sales real Suckie!

Click on THIS LINK to January 2010 Sales Data for Sonoma County,California–Median Up–Sales WAY DOWN compared to last year! REO’s? Off 50% over last year!  Now I know it’s supposed to be kinda DEAD this time of the year but we thought with the 1st Timer Home Credit program plus the new “Move-up” program we’d see a bit MORE sales but 299 is really pathetic! Last year? 391–this year? 299! Ouch! Continue reading January 2010 Home Sales data Sonoma County,California-Home Sales real Suckie!

Sonoma County,California Interest Rate Updates for Home Purchases! Reported by Pete Phillippe Friday rates ! 4.75%!!

Here our some Super Rates for a Superbowl Weekend for all you Sonoma County Home Buyers and Sellers!

Commercial and multifamily loan originations in the 4th quarter 0f 2009 12% higher than they were during the same period last year. Loans for hotels up 105%, industrial property loans up 59% but multifamily loans down 8%. Biggest commercial lender is Wells Fargo with   $475 billion in 2009 . Refinances still make up 69% of all loan applications California ,thru January 2010. Continue reading Sonoma County,California Interest Rate Updates for Home Purchases! Reported by Pete Phillippe Friday rates ! 4.75%!!

New “Home Affordable Foreclosure Alternatives” Program–April 5th Introduction for Sonoma County distressed homes!

CDPELogo_bw_72dpiSonoma County distressed Home Sellers this could be your salvation! Tried a modification and it is JUST not working for you? Go to this LINK to see our entire radio show file and look for the one labeled “HAFA”. This program could be a real “game changer”!! The previous programs just didn’t work for high end or big bubble zones like California. The biggest issue being the 125% max amount of “market value” for the distressed home. Say you had a “market value” of $300,000-125% would have been $375,000. However, you paid $650,000 for the property back in 2005! And you only put 20% down or $130,000. The old program wouldn’t work for you exceed the max amount for the loan modification ( $650,000-$130,000 = $520,000 – 125% of market value or $375000 and you where still short $145,000!! NOW the new MAX is $729,000!! This price takes in 70% of ALL of Sonoma County’s “Actives” now on the market!  Continue reading New “Home Affordable Foreclosure Alternatives” Program–April 5th Introduction for Sonoma County distressed homes!

Sonoma County, California Home Buyers, The Real Estate Hour and Prospect Mortgage has a revolutionary tool for you.

 As Heard on The Real Estate Hour      

How would you like to search for homes in your Jammies” ?

RevolutionizeYourHomeShopping

Studies show that 87% of home buyers begin their home search on the internet. We often have buyers ask us for a website that offers accurate information. So, we were thrilled when Prospect Mortgage introduced their home search program.

The Home Buyers Scouting Report is a great tool, offerring you a secure, private site to search for property at your leisure…24/7. With Real-time access to all properties in the multiple listing service.  Unlike some of the other home search websites available, with the HBSR  your search results will be accurate and up-to-date. 

You can fine tune and save your search, and create multiple searches. You can save properties that interest you, contact your Realtor or lender through the site….and seeing what your looking for helps us get a better feel of what your needs are.

When buying a home, communication and teamwork between, buyer, agent, and lender is essential. With HBSR, you get all this …wrapped in a neat package.  

To start using this revolutionary system to find YOUR new home, call Allison Norman at 707-799-3617 or email AllisonNorman@kw.com.  To find out how much home you can afford, call Jamelie Samonte at 707-696-6054 or email jamelie.samonte@prospectmtg.com  visit her website at http://www.myprospectmortgage.com/jsamonte/