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Homes prices are going up and the homes are flying off the shelf.

by Diane Broussard


Home prices are continuing their long-term spell upward, with a February gain of 6.3 percent, according to the S&P CoreLogic/Case-Shiller Indices.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C.), rose 6.5 percent year-over-year, an increase from 6 percent in January. The 20-City Composite—which is an average of the 10 metros in the 10-City Composite, plus Atlanta, Charlotte, Cleveland, Dallas, Detroit, Minneapolis, Phoenix, Portland, Seattle and Tampa—rose 6.8 percent year-over-year, an increase from 6.4 percent in January. Month-over-month, both the 10-City Composite and the 20-City composite rose, each 0.7 percent.

“Home prices continue to rise across the country,” says David M. Blitzer, chairman and managing director of the S&P Dow Jones Indices Index Committee. “The S&P CoreLogic Case-Shiller National Index is up 6.3 percent in the 12 months through February 2018. Year-over-year prices measured by the national index have increased continuously for the past 70 months, since May 2012. Over that time, the price increases averaged 6 percent per year. This run, which is still ongoing, compares to the previous long run from January 1992 to February 2007, 182 months, when prices averaged 6.1 percent annually. With expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue.

News about Accessory Dwelling Units (Granny Flats)

by Diane Broussard

The Granny Flat - a Win-Win Housing Solution Right In Your Backyard?
California’s housing crisis is caused by a historic divergence between the demand for homes in California and the supply of available apartments and homes. We are still far from building enough units to satisfy general demand and it may take a long time for the state to build enough housing to reduce rental prices. In the mean-time there is something that regular homeowners can do to supplement their incomes, increase the value of their homes, provide housing to neighbors, prepare for their own retirements, and partially relieve the housing pressure on their communities: the ADU!
 
Accessory Dwelling Units - ADUS or granny flats are a relatively affordable type of home to create because they do not require the purchase of land, new infrastructure, or parking; they can either provide income for homeowners or private space for extended friends and family, allowing intergenerational homes, or even helping older owners to age in place. They are well suited for young families, students, aging parents, nannies, or even regular renters, and can be a win-win solution for homeowners and renters. 
Ok you may be asking: if ADUs are so good, why aren't they more available or abundant? Why aren’t they everywhere?
Well, for many years, a thicket of local agency regulations, approvals and fees created substantial financial and time requirements before homeowners could even start on building a secondary unit. For example, a 2015 Berkley study  found  that  many  Bay  Area  homeowners
 
were interested in building an ADU, most were deterred by regulations that existed to keep them from getting built.
But! The state of California passed legislation in 2016 aimed at reducing many of the worst barriers, fees and red tape that homeowners faced when trying to get approved locally to build their own granny flats. So hopefully, as contractors, builders, and owners learn more about the viability of ADUs in their communities they will start to be built in substantial numbers.
 
While the demand is certainly there for all types of housing in California, before you invest substantial money converting your garage or making a new ADU, you may want to know who is interested in renting out your new unit. It turns out many people across age groups think that ADUs would make a good affordable home. A 2017 C.A.R. survey of 1700 Californian renters found that 70% of renters in total were either moderately or very interested in ADUs. But older people were especially amenable to downsizing and renting small affordable units in their communities.
While ADUs and granny flats won't be the only solution to the state's housing issues, they can certainly be one of many solutions.
 
 
Brought to you by:
Diane Broussard REALTOR® RE/MAX

The Sun is here--Time to go shopping for a new home

by Diane Broussard

ranchandvines.com

The temp should be in the 80"s this weekend, time to come up to the foothills and go house shopping. WE have some great buys. Check out country homes on acreage with tall trees, and room for all your critters--maybe dirt bikes --whatever. Time to leave the hustle and bustle of the computer city and get some Mother Nature. Your Mother will take good care of you and heal your frazzled nerves. Worth the drive home.

Homes range from the $300's to the $600's.

El Dorado County Market Update

by Diane Broussard

Wow, the inventory in El Dorado County is at a very low place. As soon as a home hits the market it is sold. The problem is, that when a seller decides to sell, he needs to move someone else. With nothing to buy –we are at a state mate, unless sellers start moving out of area or out of state. What usually happens right now is land sales increase as buyers decide to build their own homes. There are only a few flips left so the time is ripe for spec builders to start new homes. El Dorado County has reduced permit fees, that should start a trend of new homes being built in the rural parts of the County. If you own land, now is time to sell and if you want to build, now is time to buy.  

Thoughts by Diane Broussard

Realtor since 1990

Happy New Year from Diane Broussard...your Horse Property Guru!

by Diane Broussard

El Dorado County Market Update

by Diane Broussard

Wow, the inventory in El Dorado County is at a very low place. As soon as a home hits the market it is sold. The problem is, that when a seller decides to sell, he needs to move someone else. With nothing to buy –we are at a state mate, unless sellers start moving out of area or out of state. What usually happens right now is land sales increase as buyers decide to build their own homes. There are only a few flips left so the time is ripe for spec builders to start new homes. El Dorado County has reduced permit fees, that should start a trend of new homes being built in the rural parts of the County.                                          If you own land, now is time to sell and if you want to build, now is time to buy.  


Thoughts by Diane Broussard

Realtor since 1990

Fall in the Sierra Foothills

by Diane Broussard

Fall has always been a favorite time of year in the  Sierra Foothills. From the apple pies in Apple Hill to the glorious wines at the many tasting rooms in the Fairplay viticulture area, you owe it to yourself to take a leisurely drive up hwy 50 . Mother Nature has on her best dress. While you are at it check out the face life given to Ol Placerville. The town has gone through and amazing change. The food is great and the quaint little shops are full of tempting displays.  

Low Inventory means prcies will rise--time to buy is now

by Diane Broussard

Hello All,

  I have been watching the new listings, compared to the pending for the last few months ----Inventory is getting tight again, and we should be in that time, (Spring) , when new listings  , are increasing.

 

                                   If this keeps up, buyers will not be able to find the right house, and prices will creep up!!

Dec. 2015 Housing Trends Newsletter by Diane Broussard

by Diane Broiussard

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. 

Please click on this link to view the Housing Trends December 2015 Newsletterhttp://dianebroussard.housingtrendsenewsletter.com 

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports. 

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: 

http://dianebroussard.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0 

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future. 

Sincerely yours, 

DIANE BROUSSARD
Hall and Associates Real Estate, Diamond Springs, Cal. 95619
851 pleasant valley road diamond springs CA 95669 530-295-8440 | --diane@ThinkDiane.com 
to unsubscribe.diane@ThinkDiane.com 

Real Estate Sales are up from lst year

by Diane Broussard

 Are you ready for some good news? The National Association of Realtors (NAR) just released some news about existing home sales and the numbers are made of things we dream of – a 10.4% increase from the same month last year. Yeah, you read that right! The home inventory is increasing and home sales are up. Time to come out and look at what is available in the Sierra Foothills. Remember El Dorado County will let you transfer your tax base. This is great news for Bay area people that want to sell their homes and move to the country.

While there are many variables that go into this increase in sales (i.e., improving economy, jobs market loosening) there are some mortgage-related changes that that might help you sell and/or buy fast:

  • Reduced down payment requirements. Both Fannie Mae and Freddie Mac have reduced their down payment requirements to 3 percent – that’s really affordable.
  • FHA has reduced its monthly mortgage insurance coverage.
  • More flexible credit requirements.
  • Feel free to email me if you have any questions

Displaying blog entries 1-10 of 17

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Diane Broussard
Diane Broussard Real Estate with Hall and Associates
851 Pleasant Valley Road
Diamond Springs CA 95619
Cell: (209)337-8172
Home Office:(530)295-8440
Fax: 916-244-0238

For all your Buying and Selling Real Estate  needs in El Dorado County

Visit Diane Broussard- "Your Horse Property Guru"!  

RanchandVines.com  530-295-8440