Santa Rosa Homes for Sale

The Santa Rosa Ca home market continued to deflate after a spring sales spree, fueled by now-expired federal tax credits of up to $8,000 and has slowed summer home buying.

The upside is now limited by unemployment near 10 percent, heavy foreclosure supply and pent-up selling from owners just waiting for the right time to put their homes back on the market.

As inventory builds, now is a great time to find a home in Santa Rosa Ca. To search available listings go here to Santa Rosa Homes For Sale and MLS.

Many qualified borrowers who could refinance have already taken advantage of low rates when they previously touched current levels. Others are not eligible, either because of credit scores or home values that are well below their current mortgage amounts.

Despite low borrowing costs and home prices average about 30 percent less than their peaks four years ago, applications to buy homes dropped 3.3 percent to hover just above 13-year
lows.

Home buyers had to sign contracts by April 30 to get the $8,000 first-time purchase credit or $6,500 move-up credit when buying a home.

Sales of new homes plunged in May to the lowest since record keeping began in the early 1960s and existing home sales unexpectedly fell 2.2 percent. A double-dip recession is a growing concern. Many home owners are faced with decisions like Foreclosures or Short Sales in Santa Rosa.

Home prices rose in April, but heavy unsold inventory of houses and foreclosure activity will impede a sustained recovery, Standard & Poor’s said on Tuesday.

We feel prices will stay more or less stagnant as excess inventory is worked off for several years.

Real Estate Report for Santa Rosa

If you have been searching for Real Estate in the Santa Rosa, California area you will see homes have been reduced and have made real estate in our area an attractive buying opportunity. With low-interest rates and plenty of home inventory, all one has to do is Search our Santa Rosa Real Estate MLS

Those interested in residential real estate in Santa Rosa will find many types and styles of homes for sale in Santa Rosa, as well as community events of interest and local amenities unique to the Santa Rosa area. Our web sites and information on local amenities are a complete resource. Santa Rosa is a great place to live, work and enjoy.

If you are considering buying or selling property, planning to relocate, looking for Santa Rosa homes for sale, or looking for any other information about real estate in Santa Rosa, or the surrounding areas, you have come to the right place. This complete Santa Rosa real estate resource for your personal home search offers everything you will need. You will have complete access to MLS property listings with photographs and virtual tours, home valuation tools, and real estate articles to help guide you through the home buying or selling process. You will also meet an experienced Santa Rosa real estate agent to help you with you buy or sell a home, and find information about Santa Rosa communities , schools, real estate market conditions, recreation and much more!