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Interest Rates

Larry O. Doss Tuesday, February 23, 2021

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer.

Whenever we try to forecast mortgage rates, we should consider the advice of Mark Fleming, Chief Economist at First American:

“You know, the fallacy of economic forecasting is don’t ever try and forecast intere... Read more

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What’s the Difference between an Appraisal and a Home Inspection?

Larry O. Doss Tuesday, February 2, 2021

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here’s the breakdown of each one and why they’re both important when buying a home.

Home Appraisal
The National Association of Realt... Read more

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Interest Rates Make it the Easiest in Decades to Buy a Home

Larry O. Doss Friday, February 21, 2020

With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.... Read more

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How Trusted Professionals Make Homebuying Easier to Understand

Larry O. Doss Thursday, February 20, 2020

In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help ease those concerns and make the process to homeownership much easier to understand.

A recent survey conducted by Ipson and Freddie Mac reveals the confidence level of Gen Z and Millennial buyers regarding the homebuying process. The graph below... Read more

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Market Update August 2010

Larry O. Doss Thursday, August 12, 2010

With the summer moving on, we are moving into the busier season for Real Estate. Visitors that are considering buying are now winding down their vacations and focusing more on Real Estate. This is why we have seen more showings and offers in the past two weeks than in all of July. This has been a typical pattern for many years now.

Sellers are lowering prices in an effort attract those buyers and get an offer. With interest rates so lows and seller motivation high we are seeing a nice third quarter rally.

There is still a lot of inventory which will continue to keep prices do... Read more




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2010 a refreshing change

Larry O. Doss Tuesday, June 22, 2010

So this is my blog. A humble start to what I hope will be a place for some good, informative real estate discussions. Please feel free to leave a comment, be it questions, corrections, suggestions or crystal ball readings!

Thanks so much for checking it out.


2010 is turning out to be so much better than 2009, not that things are back to where we were in 2006 but at least people are buying again.
The tax credit really helped get the year off to a good start and since the tax credit expired, we have seen a bit of a slow down.
But interest rates are still low and ... Read more




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Understanding Financial Risk when Purchasing a Home

Larry O. Doss Monday, January 25, 2010

The average sales price of homes in Yuba City CA for the month of Sep 09 to the month of Nov 09 was $165,000. This shows an increase of 3.1%, or $5,000, from the previous quarter. There was a decline of 6.8% compared to the year 2008. Sales prices have depreciated at a drastic rate of 38.2% during last five years in Yuba City.

It was found that the average list price for a Yuba City home on sale was $266,086, week ending Jan 13th; this is clearly a decline of 1.2%, or $3,107, compared to the decline of 4.7% during the previous week. The price per square foot on an average in Yuba Cit... Read more

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The latest on Interiors at Elk Grove homes

Larry O. Doss Friday, January 22, 2010

It would be a good thing to take a second look the next time you visit a gorgeous master bathroom. It would be easier if one had a step or two on getting in and out of a large tub. But one of the Interior designers, Adele Lampert of Page One Interiors, Inc. in Barrington, disagrees. It is much safer to sit on the deck and rotate than think of a slippery foothold. While we often think of interior design as creating pretty rooms, there can also be underlying safety issues. Educated and experienced designers like Lampert can spot them and find solutions for homeowners.

If you want paint ... Read more

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Placer homes for sale

Larry O. Doss Thursday, January 21, 2010

Placerville makes way for the latest “evil knevils” of their time with the Placerville speedway catching momentum this year. This event normally conducted at El Dorado County Fairgrounds on a quarter mile oval. There is news of newly built cars and admission for sneak preview will happen later in the month. Apart from the speed racers, the kids also get bicycle races and other categories of races, including your police personnel, will also be conducted keeping the residents glued to all the racing action.

Chuck’s is another interesting spot for the locals and the travelers, which is... Read more

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Based on information from the Humboldt Association of REALTORS®, as of 08/18/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker or MLS for accuracy. All information should be independently reviewed and verified of accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2022 Humboldt Association of Realtors®. All rights reserved.