Real Estate

With more available homes for sale, California’s housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly and prices flatten out in 2015.

This according to the California Association of Realtors’ (C.A.R.) recently released 2015 California Housing Market Forecast.

Community Meetings Set

The East Bay Municipal Utilities District (EBMUD) has announced special meetings regarding the district’s response to the ongoing drought. The public is invited to these special meetings to hear the latest from EBMUD’s Board of Directors on:

 The status of current and projected water supplies;

 The cost of the drought and potential drought rates; and

 The best water-saving tips from conservation professionals.

Positive news has little effect

Rates for the both the 30-year and 15-year fixed-rate mortgages remain virtually unchanged despite good economic news on two fronts

Freddie Mac’s Oct. 2 Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage stood at 4.19 percent, down just 1 basis point from Sept. 25.

Christopher Hanson, the new broker for OMM Inc.

Local real estate company OMM, Inc. is pleased to announce that Christopher Hanson is now wearing yet another hat, this one, as the broker for OMM.

Hanson, a longtime Alameda resident and property owner, received his real estate license in 1978. After decades as both a residential and commercial real estate broker, he opened a law practice, Hanson Law Firm, in 1997, which focuses on real estate.

California home sales pulled back in August, reversing two months of increases, as the median home price rose from the previous month and year, the California Association of Realtors (C.A.R.) recently reported.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 394,280 units in August, according to information collected by C.A.R. from more than 90 local Realtor associations and MLSs statewide.