March home sales reached their highest level in Sonoma County in five years, but the median price continued to slide and is back near its lowest point since the housing market crashed almost four years ago. Buyers purchased 399 single-family homes last month, an increase of more than 90 homes [...]
Sonoma County homes sales slowed in typical fashion in January, but the number of deals made last month jumped to the third-highest level in more than two years. Buyer and sellers signed 464 purchase contracts for single-family homes last month, according to The Press Democrat’s monthly housing report compiled by [...]
Sonoma County’s real estate market saw a significant drop in the number of foreclosed homes and short sales in June compared to a year ago. But a panel of real estate specialists Tuesday wasn't trumpeting a turnaround.
Forty-five percent of the available inventory last month was deemed distressed in Windsor and Rohnert Park. In Santa Rosa, the rate was 35 percent.
In early 2009 nearly nine of 10 condos were sold through foreclosure or short sales, as were eight in 10 single-family homes that went for under $500,000.
The legislation cancels the tax obligation for home sellers who dispose of their properties via short sales.
The Legislature may cancel the tax obligations caused by the “debt forgiveness” involved in short sales.
New federal rules may make it easier for sellers to conduct short sales, but the process still holds risks.
Christina Molcillo is a full-time writer with experience in online content development, digital marketing, and creative strategy. She has a background in journalism, magazine publication, web design, teaching, as well as avoiding karaoke nights and awkward situations. She also has a penchant for old cars, older houses, and vintage Italian scooters.