The Petalumahomes.com Realty WebLog

By JEANNINE AVERSA, AP Economics Writer 1 hour, 8 minutes ago
WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress Thursday that the country’s economic outlook has deteriorated and signaled that the central bank is ready to keep on lowering a key interest rate — as needed — to shore things up.

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 The new package could have an immediate impact on our country and potentially, your bottom line 
How You May Benefit From This Exciting New MeasureEarly Wednesday, President Bush approved a national economic stimulus package designed to help thousands of families, the housing market and the
U.S. economy. 
 The multi-faceted stimulus package includes a temporary increase of […]

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January 17 2008 RENT GROWTH LAGGING BEHIND INFLATION:

Just released government figures put the inflation rate for 2007 at 6.3%. This is bad news for investors in apartments where the annual rate of rent growth is 3.7%. The only Metropolitan Statistical Areas (MSA) that are keeping up with inflation are San Jose (11.2%), Salt Lake City […]

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 January 10, 2008 - A new professional designation program from the National Association of Home Builders (NAHB) will soon provide home buyers with additional assurance that the builder or remodeler they’ve chosen is authentically “green.”
The Certified Green Professional™ designation will be unveiled Thursday, Feb. 14 during Green Day at the International Builders’ Show in Orlando, […]

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Calif. median home price - November 07: $488,640(Source: C.A.R.)
 

Calif. highest median home price by C.A.R. region November 07: Santa Barbara So. Coast $1,075,000 (Source: C.A.R.)
 

Calif. lowest median home price by C.A.R. region November 07: High Desert $262,650 (Source: C.A.R.)
 

Calif. First-time Buyer Affordability Index - Third Quarter 07: 24 percent (Source: C.A.R.)
 

Mortgage rates - week ending […]

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I was showing properties to a customer this past weekend with the following search criteria:
-Price from $375,000-$430,000.
-Status had to be “active” meaning fully available.
-Single detached homes (no attached or condos wanted).
-2 plus bedrooms.
There were a total of20 listings that fit the criteria. Of those 20 available listings, 11 were short sales, 2 were bank owned, and […]

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It’s that time again for the Annual Petaluma Chapter of Realtors Halloween Costume Party. This great party is in the Historic Phoenix Theater and all the profits are given to the Petaluma Phoenix Center Inc. for Youth Art and Music Programs offered at the Theater. This is truly a party you won’t want to miss. […]

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