housing updates: Sonoma County Market Update
- 01/23/08 03:57 AM
The credit crunch which began in late September has hammered our sales by 50% over the past 4 months. December Sales were the weakest in years accounting for only 183 transactionc closed. Couple this with the recent unsettled financial markets and we've got prime-time fence sitters!! The refinance market is kicking up a gear but we'll see how many applications pass the acid test of EQUITY. Many homeowners who purchase production housing in the newer housing communities on Santa Rosa's west side and all about the county, have seen prices slide dramatcially. Most of our short-sales and REO (real estate owned) … (0 comments)
The credit crunch which began in late September has hammered our sales by 50% over the past 4 months. December Sales were the weakest in years accounting for only 183 transactionc closed. Couple this with the recent unsettled financial markets and we've got prime-time fence sitters!! The refinance market is kicking up a gear but we'll see how many applications pass the acid test of EQUITY. Many homeowners who purchase production housing in the newer housing communities on Santa Rosa's west side and all about the county, have seen prices slide dramatcially. Most of our short-sales and REO (real estate owned) … (0 comments)
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