Bay Area home sales jumped 10 percent last month, the best January sales level in five years.
California home sales next year will rise just 1 percent and median prices will climb less than 2 percent, the state’s Association of Realtors predicted Tuesday.
Buyers of larger, middle-class homes may see loan costs rise this fall if the real estate industry can’t persuade Congress to keep higher dollar limits in place for federally backed mortgages. But experts differ on the impact for Sonoma, Lake and Mendocino counties. In Sonoma County, buyers seeking federally backed mortgages this fall may be limited to $520,950, down from the current level of $662,500. Do you think such a change would have much impact on the local housing market?
February home sales were sluggish for both the Bay Area and the state, according to the California Association of Realtors. Is this, as one local agent said in today's Press Democrat, the "new normal?"