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Archive for April, 2009
Have We Hit Bottom? Solano Home Sales & Listings Report For The Week Ending Apr. 13
April 14th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
After almost three and a half months, I think we can call the continued weekly
reduction in the housing supply combined with strong sales activity throughout most of Solano County more than just a blip on the radar.
I think it’s now safe to call it a “trend” and perhaps an indication that we may have already hit “bottom” in most of the county.
If you’ve been following my weekly housing report since the beginning of the year, you know that inventory has been plummeting in Vallejo, Fairfield, Suisun and Vacaville on a weekly basis.
Benicia’s Inventory Drops Too…That’s Two Straight Weeks
While Benicia’s stats have been the lone exception over this period, with listings up one week and down the next, even Solano’s highest-priced city has now seen a drop in its housing supply and an increase in sales for two consecutive weeks, suggesting that Benicia’s market may finally be about to follow its Solano sister cities. Read the rest of this entry »
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Will Obama’s Housing Plan Have An Impact In Benicia-Vallejo & Environs?
April 12th, 2009 categories: Foreclosures / Short Sales, Loans / Financing, The Economy
It’s been a little more than a month since President Obama announced his Making Home Affordable housing plan. 
Unfortunately, in many parts of the country, including right here in Benicia, Vallejo and much of the rest of the Golden State, the plan likely won’t have much of an impact.
And, judging by what many of my colleagues in other parts of the state or country are saying, the program may be one of those that sounds good but has little impact in some of those areas as well.
In case you missed it, the Making Home Affordable Plan is supposed to help up to 9 million U.S. homeowners refinance or modify their loans in an effort to prevent responsible owner-occupants from instead becoming foreclosure casualties.
The program targets two different types of borrowers: Read the rest of this entry »
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This Week’s Solano Home Inventory & Sales Report: For The Week Ending Apr. 6, 2009
April 7th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
Another week, another drop in housing inventory throughout the county.
Even Benicia got into the act this week, as its supply of available homes dropped by 5.1%.
But in terms of raw numbers, Vallejo led the way,with an almost unbelievable 11% drop in its housing inventory this week alone.
For the year, Vallejo’s supply of homes has dropped by 36.2%. But year-to-date honors in that category goes to Suisun City, where the inventory has dropped almost in half (46.6%) since the first of the year.
Sales were again strong this week throughout the county. This week’s details: Read the rest of this entry »
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FREE Job-Loss Protection Plan Means Added Peace Of Mind For Our 1st-Time Home Buyers
April 4th, 2009 categories: Buying
Several days ago, I reported that we would soon be able to offer most of our first-time home buyer clients a FREE Job Loss Protection plan. Effective immediately, that plan is available.
For those not in immediate danger of losing their jobs but nevertheless concerned about what the future may hold, this plan offers both peace of mind and an opportunity to buy now while prices and interest rates are still more affordable than they’ve been in years.
This new plan will provide job loss insurance payments of up to $1,500/mo. for the primary buyer and $750/mo. for a co-borrower for up to six full months.
And the best part…this job-loss protection policy is F-R-E-E to our qualified first-time buyer clients.
Some of the plan’s details: Read the rest of this entry »
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