Fortune Magazine’s recent article “The End is Near for the Economic Boom” is representative of the cautionary tone of a growing number of financial advisors, investors and economists that the expansionary economy we’ve had since 2009 is nearing its end. Facebook’s dramatic 20% share price one-day drop (it’s still down Read More
Napa Valley Real Estate Market
Napa County Real Estate Market Report – July 2018
Two economic issues currently in the U.S. may impact the Napa housing market. The first is the mounting trade wars with China, Europe, Mexico and Canada. The second is rising interest rates (2 more are planned by the Federal Reserve Bank but with inflation rising there is talk of a third), tightening Read More
Napa Valley Real Estate Market Report – June 2018
Napa’s May’s single-family homes sold prices were pretty much unchanged from April’s ($724,000 vs. $725,000) and still show a healthy 5.3% increase over last year’s prices. The number of new single-family home listings on the market year-to-date is the lowest in three years: 472 -> 430 -> 410. Sales are Read More
Napa Valley Real Estate Market Report – May 2018
In Napa, April saw prices continue to rise for both homes and condos and inventory continue to decline. And although there has been a lot of news around the Federal Reserve raising interest rates, mortgage rates are up only 0.5% since December, at approximately 4.5%. So far, these slightly higher Read More
Napa Valley Real Estate Market Report – April 2018
It might have been March’s very rainy, wet weather that caused Napa’s home and condominium buyers and sellers to temper their actions. It might have been stock market volatility. New home and condominium listings were both down, as were home sales. Condominium sales eked out a very small increase. Sold Read More
How to Track Your Home’s Value
Buying a home is generally the single largest purchase that we make in our lifetimes and most of us are interested in not only the value of our properties but also the general value of like properties in our neighborhoods. Whether you have just moved into a new home or Read More