Johnny SolanoCountyRealEstate Walker

This will continue to be a problem as far out as we can imagine. https://magazine.realtor//16/the-us-is-38-million-homes-sh

We're like the "hot girl who doesn't know how to dress" https://www.mercurynews.com//national-housing-boon-reach/

We're #3 this time. I don't know that there has ever been a better time to sell your home than now! https://www.realtor.com//tren/march-2021-hottest-markets/

Yowza! So rumors that everyone was fleeing California last year might have been slightly exaggerated. https://www.sfchronicle.com//Mapped-Real-estate-prices-soa

https://www.corelogic.com//affordability-challenges-ahead-

Perhaps it's time to think about permanent repurposing those office towers and business parks. https://www.washingtonpost.com//hybrid-office-remote-work/

I can see both sides of this argument. I don't think every single family neighborhood would be appropriate for multi-family housing, so no one size fits all zoning is appropriate in my opinion. https://www.npr.org//facing-housing-crunch-california-citi

Personally, while this seems like a no-brainer I do appreciate when information is better qualified and even qualified. https://www.redfin.com//most-effective-bidding-war-strate/

Starting Thursday, big changes coming to California property tax assessments for those eligible and wishing to buy up or down and retain some or all of their existing property tax basis. Details on this website here... https://www.caprop19.org/

Wow, we haven't made this list in awhile! https://www.realtor.com//smaller-california-cities-top-o/

It will be interesting to see what March 2021's results are.

Then, then and now! https://www.msn.com//the-pandemic-ignited-a-ho/ar-BB1eBN3U

Interesting proposal. Honestly, the last thing the housing market needs right now is MORE buyers. What we really need are more homes for the many that want to buy them! https://www.housingwire.com//renters-and-bidens-15000-hom/

The IRS has extended the tax filing deadline to May 17th for 2020's tax returns. As of now, California has not. If you are expecting a refund and received no unemployment compensation in 2020, there's no need to delay filing for your refund. https://www.fool.com//irs-moves-tax-day-back-1-month-her/

What's next for the Bay Area Housing Market, pretty much more of the same. https://www.sfgate.com//Bay-Area-housing-market-prediction

Yes, take a breath! https://www.cnbc.com//mortgage-rates-are-low-what-to-consi

Excited to be leasing this awesome Mare Island home. Will be updating some of the pictures this weekend, but wanted to get it advertised. https://www.trulia.com//420-klein-ave-vallejo-ca-94592--20

Let's hope they roll out some funds to go with this eviction moratorium extension (now through June 2021). https://www.gov.ca.gov//governor-newsom-legislative-leade/

If you own investment property valued at more than $1M, now would be a good time to speak with your CPA/tax advisor. Big changes are coming to California next month. https://www.american-apartment-owners-association.org//ca/

It would be hard for me to like this article more. Landlords should not have to work for free Eviction bans have become one of the staple responses to the pandemic by governments across the country. Almost every state and many local governments have passed at least some sort of moratorium on evictions since the pandemic began. In early September, the Centers for Disease Control and Prevention (CDC) adopted a nationwide eviction ban for certain qualifying tenants, and Congress...Continue reading

https://magazine.realtor//biden-sworn-in-with-real-estate-

From the California Association of REALTORS: As we close out 2020 and reflect back, it is clear that despite losing roughly two months of the spring homebuying season, the housing market was strong in California this year. And, although the housing market has cooled during the final week, there are still many reasons to be optimistic about home sales and prices in 2021. First, ‘cooling’ is relative and the market remains well ahead of 2019 levels. All indications are that rat...Continue reading

Here are bunch of 2021 housing market perspectives from a bevy of experts. Interesting with key takeaways, it should remain a Sellers market well into the new year, and buyers will likely continue to face inventory challenges despite very attractive mortgage rates. https://www.forbes.com//experts-predict-what-the-housing/

I find these takes pretty interesting. https://calmatters.org//remote-work-california-housing-cr/?

Not surprising, one of newly inaugurated President Biden's first orders of business was to extend the Federal Eviction and Foreclosure Moratorium until March 31, 2021. California is also working on two different bills extending the Statewide Eviction Moratorium; individual states do not have authority to impose foreclosure moratoriums. https://www.huffpost.com//joe-biden-extends-eviction-forec

It is tough being a California homebuyer right now! My advice for now, take these four days off and enjoy time with your loved ones however you're able. https://www.car.org//newsreleases/2020releases/nov2020sales

Looks like additional relief will be coming to many in need. Obviously, the myriad details will still need to be worked out, particularly the direct rental payments. C.A.R. Communications. Leading the way. Congress has passed a $900 billion stimulus bill that will provide direct payments and additional unemployment benefits to struggling Americans and badly needed funds for housing providers and small businesses, including REALTORS. President Trump is expected to sign the b...ill shortly. C.A.R. has advocated for many of the provisions that would provide meaningful relief to REALTORS including extensions of Pandemic Unemployment Assistance (PUA) benefits and additional forgivable Paycheck Protection Program (PPP) loans. The law will also provide direct payments of $600 to Americans and rental assistance. Specifically, the law will: Unemployment Benefits and Direct Payments Allow an individual to receive unemployment benefits (traditional or PUA) for up to 50 weeks, through March 13, 2021, in California. Provide an additional $300 a week in federal unemployment benefits for individuals receiving PUA or traditional unemployment compensation for 11 weeks, beginning December 27, 2020, and ending March 13, 2021, in California. Provide a one-time direct payment of $600 for individuals making up to $75,000 and $1,200 for couples making up to $150,000, as well as an extra $600 per eligible child dependent. Payments are expected to begin rolling out before the end of the year but will take time to get to all eligible recipients. Paycheck Protection Program (PPP) Provide an additional $284 billion for PPP loans. Allow certain eligible businesses to receive a second PPP loan of up to $2 million. To qualify for a PPP second draw, businesses, independent contractors and other self-employed persons must have 300 or fewer employees, have used or will use the full amount of their first PPP loan, and be able to demonstrate at least a 25 percent reduction in gross receipts in any quarter of 2020 compared to the same quarter in 2019. Create a simplified forgiveness process for PPP loans up to $150,000. Allow use of PPP funds to cover purchase of Personal Protective Equipment (PPE) for employees and certain other expenses not eligible for the first round of PPP loans. Eviction Moratorium & Rental Assistance Provide $25 billion to states and local governments for rental assistance. Allow landlord to directly apply for the funds. Extend the CDC's eviction moratorium through January 31, 2021. California’s eviction moratorium already extends through January 31, 2021, so REALTORS should see little effect from this provision.

Probably the last post on this topic for awhile, barring any really interesting developments. https://patch.com//how-coronavirus-changed-ca-housing-mark

While they do create buying opportunities, no one wants to see people losing their homes especially for circumstances beyond their control. https://latest-today-news.com//few-foreclosures-expected-/

A good reminder for California policymakers who seem to have their own ideas despite what the electorate decides. https://1031capitalsolutions.com//11/03/road-to-housing-h/

COVID Housing Market Update: While the housing market in California begins to exhibit signs of seasonal slowdown, housing demand continues to stay above last year’s level as interest rates remain on a downward trend. How much the state lockdown order will slow the sales momentum is still an unknown, but market participants are more prepared this time around and that should alleviate some of the negative effects the order exert on the market. Market Bounced Back a...Continue reading

Interesting. So reports of a mass Bay Area exodus this year may have been greatly exaggerated. https://www.sfgate.com//New-report-Bay-Area-exodus-short-t

If you were wondering why competition is so fierce, here's some data to consider. And a 6-month supply of available homes is considered healthy, Vallejo and Solano County are both under 1 month.

Instant Reaction: NAR Chief Economist, Lawrence Yun, on Jobs. The housing market has been soaring despite the subdued job market due to the record low mortgage rates. However, the rates will not fall further, so the jobs recovery becomes even more important to sustain homebuying. Jobs are also critical for commercial real estate."

Good news for 2021 conventional buyers! Historically, the FHA and VA will also raise their conforming loan limits as well, but not necessarily by the same amounts. https://www.car.org//newsrelea/2020releases/2021loanlimits

We thought we had this rented already, twice. So here we go again; how about a new rental home for the holidays! https://www.trulia.com//1421-ohio-st-vallejo-ca-94590--208

At least here in Solano County, the Board of Supervisors awarded some Federal CARES money as direct landlord payments for struggling County tenants administered through a local charity. Biden Likely to Continue Eviction Moratorium: As President-elect Joe Biden prepares to enter the White House, he and his administration are weighing a number of economic measures to take in the initial days and weeks. Among these, according to a report in the New York Times, is an extension on... the moratoriums on evictions and foreclosures. This should not come as a surprise to observers. The US economy is showing signs of strain as Covid-19 infections surge. The Biden Administration is reportedly bracing for a double-dip recession as states put in place more restrictions. While there is reason to expect that the rollout of a vaccine will revive the economy next year, the short-term is likely to be rocky. Lifting the moratorium would send struggling renters behind on their bills into the streets. The eviction moratorium was put into place in September by the Centers for Disease Control and Prevention, which used its quarantine authority to keep COVID-19 from spreading. The order is due to expire on Dec. 31, 2020 but can be extended. The move was an unprecedented use of executive authority, and has been challenged by landlords and other parties. One suit argues that federal agencies do not have powers to waive state laws and the CDC has encroached on private property rights with no legal authority. There has been pushback against statewide eviction moratoriums as well. This month, for example, landlords in Washington state filed a federal lawsuit against Governor Inslee over his statewide eviction moratorium. As a result of the moratoriums, evictions are expected to be low this year, according to Jay Parsons, RealPage’s deputy chief economist and vice president of asset optimization. But there are many other factors besides the moratoriums that have kept these numbers down, he argues, including sympathetic property owners working overtime to accommodate distressed renters, and backed-up court systems. Right now, property owners are taking on much of the burden, Parsons writes. But that’s unsustainable, adding more risk for an already fragile U.S. economy. Additionally, the CDC’s national eviction ban is merely a bandaid. Rent is still due when the moratorium expires, and direct renter aid programs are needed to protect both renters and property owners. Source: globest.com

Guess we'll have to see... https://www.realtor.com//how-biden-will-shape-us-housing-/

Yep, had a couple myself. :)

Proposition 19, Property Tax Portability, Passes California voters have spoken and over 8.2 million voters supported Proposition 19. Passage of Proposition 19 is a win for all Californians providing additional funding to firefighters, local governments, and school districts, as well as limiting property tax increases for some of California’s most vulnerable communities. In other news, Proposition 21 has officially lost with nearly 60% of voters rejecting rent control. As of... November 10th, the Associated Press reported that Proposition 15 had also failed, with 48.2% voting yes and 51.8% voting no. We continue to face big challenges as a state, but with passage of Proposition 19, we will be able to address some of those challenges by providing housing relief for homeowners, seniors and vulnerable populations while also generating billions in revenue for schools, state, and local government. With this victory, California will be able to recover and emerge stronger than ever.

2020...what a year

And this trend continues despite the usual seasonal slowdown. https://www.realtor.com//millennials-speeding-up-home-pur/

Expect guidance from the Board of Equalization next month. https://www.sfchronicle.com//Prop-19-passes-but-questions-

So clever and funny. Happy Friday the 13th! https://www.youtube.com/watch

Just kidding...mostly!

It's been awhile since we had any advertised vacancies. Here's one in a nice little neighborhood. https://www.trulia.com//1421-ohio-st-vallejo-ca-94590--208