California real estate agents are applauding a new law that prevents all lenders from pursuing homeowners who sell their properties via a process known as a short sale.
April home sales fell to the lowest mark for Sonoma County in three years. Sales dropped 9 percent from last year to 349 single-family homes. The median home price rose almost 5 percent to $329,460.
Will Sonoma County home prices rise or fall in 2011? The Press Democrat spoke to three economists and two foreclosure experts for their outlook on the coming year. Read their thoughts and then feel free to share your own predictions for the housing market in 2011.
Robert Kleinhenz, deputy chief economist with the California Association of Realtors, voiced concerns over investigations that banks failed to properly follow foreclosure laws. He spoke Wednesday at a luncheon of the Women’s Council of Realtors Wine County Chapter.