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Robert & Elaine Ramirez
Century 21 Bundesen
616 Petaluma Blvd. S
Petaluma, CA 94952
Phone: 707-762-5611
Mobile: 707-484-1589
Fax: 707-762-1032
Email: robert@petalumahomes.com
CA#00545460 CA#01010982

See What Our Clients have to say

Robert and Elaine Ramirez served as our real estate agents in the purchase of two properties. They are both consummate professionals; individuals that can be trusted 100% and they have excellent knowledge and experience that is of great benefit to their clients. They are always available to answer questions, to clarify and address concerns, to lead their clients through the myriad of paperwork and negotiating required in buying property. They are there for their clients from the very first step and right through to the end of the purchasing processes. I could not recommend them any more highly Marly and Danny- Buyer Representation (2016-2017)
Based on the positive experience my parents had using Robert Ramirez as their realtor, I decided to turn to him when I began looking for property to buy. It didn't take long for me to realize I made the right decision. Robert and Elaine guided me through the long process, teaching me along the way as they constantly provided me with updates and important pieces of information. Robert even took me to the County permit office on two occasions to make me as well informed as possible. Robert was able to get me in contract with the sellers of the property within a couple weeks of the listing date, even with the competition for the property. Once in contract, Robert and Elaine negotiated with the sellers, using subtle tactics, and as a result of Robert's and Elaine's knowledge and experience, they were able to work out a price that was extremely affordable for me. After months of extending the contract, the property is now mine. Both Robert and Elaine were extremely professional throughout the process, and it's hard to imagine being the owner of this property if it wasn't for them. I am very grateful for their services and would highly recommend Robert and Elaine for anyone who finds their dream home on the market and needs someone to bat for them. Matthew- Buyer Representation (2017)
We are completely new to the area and Robert Ramirez has been both a great realtor and welcoming introduction to Sonoma County. He had patience with us as we saw many more houses than necessary to realize that what he was suggesting initially was actually what we were wanting. Robert was able to work with our schedule and find exactly what we were looking for in a first home. He continued to help even after we bought the house, setting us up with many contractors to get the changes made to our house that we wanted. Robert answered all of our questions via email, phone, text at odd times and days about the entire buying process. Could not be happier with our experience! Cassie and Michael- Buyer Representation (2017)
I was looking for a house to buy, but I work 40 hours a week so my freshly retired mother was also helping. My mom found this house on Holly Lane for sale and wanted to take a look at it. She had no way of getting there, we share a car and I had the car at work that day, so she called Elaine. Elaine immediately offered to pick her up and show her the house. She also brought my mom back home afterwards :) Along the journey of purchasing this house there were a few snags that might have ended this sale prematurely had Elaine and Robert not helped us work out all issues. Robert and Elaine mediated so well that both us, the buyer, and the seller walked away very happy with this exchange They even helped us, mostly my father, work out the loan issues in order for us to get financed for loan to purchase the house In my opinion, I would not have been able to get this house at all if it wasn't for team Ramirez Nate- Buyer Representation (2016)
I am so pleased with our experience. This short sale decision was scary no doubt and both Robert and Elaine explained everything clearly, went above and beyond. After speaking with them I was actually excited that this could actually be a reality and my life become easier and with much less stress. Christina O (2015)
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Welcome

Robert and Elaine Ramirez have served buyers and sellers in Petaluma and throughout the greater Sonoma County for over 35 years.

Their valued clients have included first time homebuyers, investors, sellers of luxury properties, owners under financial hardship, and more.

Since 1977, their business has been built on putting their clients first by providing in-depth consultation based on a lifetime of Real Estate experience.

Click here to read more about Robert & Elaine. 
                     

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Real Estate News!!!

Latest Realty News from NAR

Workforce Migration and Affordability: A Closer Look

The workforce is moving to less affordable areas.

– In the last 12 months, more than 1.7 million LinkedIn members who lived in the 20 largest metropolitan areas moved from a more affordable place to a less affordable place.

– Denver, San Francisco and Seattle were the top destinations for LinkedIn members.

Although housing affordability is still weakening in many local areas, particularly in the West, as a result of the ongoing supply and demand imbalances, a NAR analysis shows that many workers are actually moving to less affordable areas such as San Francisco and Seattle. According to LinkedIn migration data[1], more than 1.7 million LinkedIn members[2] moved to a less affordable area in the last 12 months. In 13 of the largest 20 areas, a majority of the workforce moved from a less expensive place to a more expensive place.

For instance, the San Francisco area was the most popular destination for workers moving from Detroit. More than 36,000 LinkedIn members from Detroit moved to the San Francisco area in the last 12 months. Based on the REALTORS® Affordability Distribution Curve and Score (RADCS), the affordability score for Detroit was 0.95 in September 2018 while the affordability score for the San Francisco area was 0.48. But what does this mean? The higher the score, the more affordable the area is. For example, a household earning $100,000 in Detroit can afford to buy 72% of homes currently listed for sale while the same household can afford to buy only 8% of homes for sale in San Francisco area.

San Francisco was also the top destination for workers from Philadelphia. Although Philadelphia is more affordable than San Francisco, nearly 27,000 LinkedIn members moved from Philadelphia to San Francisco in the last 12 months. The visualization below allows you to compare the affordability of the area of origin with the affordability of the destination area. Among the 20 largest areas, see in which areas workers decided to move to a less affordable place. Please bear in mind that the higher the score, the more affordable the area is.

While people in general are moving less these days, we also see that fewer people move for an employment-related reason. However, due to a strong economy, it seems that people get better jobs and decide to move to the most attractive areas across the United States.  The good news is that new construction is increasing even in areas with serious housing supply issues. For example, the three-year issuance of single-family permits increased 2 percent in the San Francisco metro area. Based on the NAR Housing Shortage Tracker, when we compare permit issuance with employment growth, we see that in November 2018 a single-family permit was issued for every 12 new jobs compared to 15 jobs in November 2017.


[1] LinkedIn Workforce Report (October 2018).

[2] From the 20 largest areas as far as LinkedIn membership.

In Which States Did Properties Sell Quickly in September 2018?

In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 32 days (34 days on year ago), according to the  September 2018 REALTORS® Confidence Index Survey.[1]  However, the difference in median days in the current month compared to the same month last year has started to narrow as homebuying demand has eased and the inventory of homes for sale has slightly increased. In January and February of this year, properties were selling about one week less compared to the length of time in the same period one year ago.

During the July–September 2018, properties typically sold within one month in 27 states (32 states in August 2018).  Properties sold most quickly in South Dakota (20 days), Idaho (21), Washington (21 days), Rhode Island (21 days), Indianapolis (22 days), Kansas (23), Massachusetts (23), Ohio (23), Utah (23), Colorado (24), Nevada (24), Nebraska (24), Maine (24), and Michigan (24).  

That properties are still selling faster compared to one year ago is an indication that the supply of homes for sale is still inadequate compared to the demand for homes. Based on the REALTORS® Seller Traffic Index[2], home selling conditions were “weak” during July, August, and September 2018 compared to one year ago in the District of Columbia and in 28 states including California, Oregon, Colorado, New York, New Jersey, Massachusetts, Virginia, North Carolina, South Carolina, Georgia, Tennessee, and Florida.

 


[1] In generating the median days on market at the state level, NAR uses data for the last three surveys to have close to 30 observations. Small states such as AK, ND, SD, MT, VT, WY, WV, DE, and D.C., may have fewer than 30 observations.

[2] An index greater than 50 means that more respondents reported conditions relative to one year ago as “strong” than those that reported “weak.” Due to sampling, we categorize the index as “very weak” for 0 to 25; “weak” for values 25+ to 45; “stable” for values 45+ to 55; “strong” for values 55+ to 75; and “very strong” for values 75+.

September 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.77 percent this September, up 14.9 percent compared to 4.15 percent a year ago.

  • Housing affordability declined from a year ago in September moving the index down 8.4 percent from 160.1 to 146.7. The median sales price for a single family home sold in September in the US was $260,500 up 4.6 percent from a year ago.
  • Nationally, mortgage rates were up 62 basis point from one year ago (one percentage point equals 100 basis points).

  • The payment as a percentage of income was down to 17 percent this September but up from 15.6 percent from a year ago. Regionally, the West has the highest payment at 23.7 percent of income. The South had the second highest payment at 16.5 percent followed by the Northeast at 16.4 percent. The Midwest had the lowest payment as a percentage of income at 13.5 percent.

  • Regionally, the West recorded the biggest increase in home prices at 7.0 percent. The Northeast had an increase of 5.3 percent while the South had a gain of 4.2 percent. The Midwest had the smallest growth in price of 2.2 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 9.0 percent. The South had a decline of 7.3 percent followed by the West that fell 6.8 percent. The Midwest had the smallest drop of 5.8 percent.
  • On a monthly basis, affordability is up from last month in all of the four regions. The Northeast had biggest gain of 5.5 percent. The Midwest had an incline of 4.2 percent followed by the South with an increase of 2.3 percent. The West had the smallest gain in affordability of 1.9 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 185.3. The least affordable region remained the West where the index was 105.4. For comparison, the index was 151.4 in the South, and 152.3 in the Northeast.

  • Mortgage applications are currently down. Mortgage rates are rising and home price growth is starting to slow down. Despite higher mortgage rates, lower home prices and increases inventory levels will help renters and potential home buyers enter the housing market. Home prices are up 4.6 percent outpacing median family incomes that are growing 3.1 percent.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

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