Steve Eveleth Livermore Ca Real Estate Service

01/19/2025

New Telemarketing Rules Webinar

A new Federal law and regulation will change telemarketing practices.

According to the National Association of REALTORS®, starting Jan 27, 2025, the Telephone Consumer Protection Act and the Federal Communications Commission (FCC) One-to-One Consent Rule will require consumer consent before using automatic telephone dialing systems or sending prerecorded voice messages.

The NAR legal and advocacy teams are hosting a webinar on Jan 28 to share best practices for complying with these rules.

11/05/2024

08/23/2024

BREAKING: US existing home sales plummeted by 2.0% year-over-year to 4.1 million in July, marking the weakest July since at least 2012 according to Redfin.

Over the last 3 years, sales have declined by nearly 3 million and are sitting at their lowest levels since the 2020 Pandemic.

At the same time, pending home sales decreased by 5.8% year-over-year to their second-worst level on record aside from April 2020.

This follows ~59,000 pending home sales that fell out of contract, or 15.8% of all pending sales, the highest share of any July since 2017.

The lack of homebuyers has been driven by historically high prices with the median sale price reaching $439,170, just 0.7% below the all-time record.

Homebuyer demand is at 30+ year lows.

08/22/2024

https://www.fha.com/fha_article?id=3849

Appraisals and home inspections are two separate but very important processes. For the purpose of this article, we focus on the mandatory FHA appraisal process the lender uses to establish the fair market value of the home.

08/22/2024

As of August 2024, the Livermore housing market continues to be robust, characterized by a seller's market where demand significantly outpaces supply. The median sold price for homes in Livermore is approximately $1.06 million, which marks a slight 4.7% decrease from the previous year. Despite this slight dip, homes are still selling rapidly, with an average of 15 days on the market, a significant reduction from the previous year’s 24-day average.

Single-family homes in Livermore are generally selling above their list prices, with an average sale-to-list ratio of 102.9%. This indicates strong buyer competition, often resulting in multiple offers on available properties. However, the market for condos is a bit softer, with these properties typically selling slightly below their list prices.

In terms of market activity, Livermore has seen an increase in listings, but the number of homes sold has slightly decreased. This points to a market where homes, especially single-family homes, are in high demand and sellers have considerable pricing power.

Overall, Livermore's unique combination of rural charm and proximity to tech hubs continues to drive interest, making it a competitive and robust market. 

06/24/2024

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