Monday, March 07, 2011

Where home prices are headed from here

 Update: New Data For Housing Numbers and Houses Listed and Sold

Our local Real Estate market in Santa Rosa and Sonoma County is starting to show signs of life as more inventory hits the market. Coupled with low interest rates and the Obama Administration mortgage relief help we may start to see a turn around. Homes available in our market range from regular home sales to short sales and foreclosure homes currently for sale. Search our local Multiple Listing Service MLS for Homes for sale in Santa Rosa and surrounding Sonoma County areas.

Many first time home buyers are starting to enter the market while enjoying low interest rates and even lower prices. While household budgets remain a concern, many are wanting to obtain home ownership. An experienced professional is an absolute necessity in our local Sonoma County Home Market. House hunting and making a purchase can be fun but some very important steps must be taken first.

Home owners are becoming more vigilant about doing a home inspection on foreclosures and short sales. Home owners selling a short sale are usually behind not only on payments but also on home maintenance. Inspections for homes should be contracted with an approved licensed and knowledgeable home inspection company. Read the report carefully and be present when the home inspection is being done.

For Home buying help visit our website with many tips and helpful real estate information to assist in your next home purchase.

If you are a home owner that needs assistance with a loan modification or short sale, our website offers helpful links to Making Home Affordable programs designed by the Obama administration to help you.

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