|Vern Bonham, Broker of Shelter Cove Realty, Coastal Land & Home Specialist since 1972|
Shelter Cove Realty is your Local Real Estate Source! Knowledge and Service for both Buyers & Sellers in the Coastal Community of Shelter Cove!
Come and take a tour of one of the most beautiful places in Earth!! Shelter Cove in the Lost Coast of Northern California!
|Shelter Cove Realty|
Vern Bonham III, Broker-Owner
P.O. Box 428
Shelter Cove, CA 95589
1594 Upper Pacific Drive
(707) 986-7414 Office
(707) 986-7377 Fax
email address email@example.com
Outstanding Selection of Coastal Property to Choose from! Take a look!
|2013 Home Sale Forecast
This CNBC real estate reporter Diana Olick's forecast. Check Olick's 2012 scorecard to see how her forecast last year measured up.]
Home prices will continue to rise, anywhere from 5 to 7 percent in 2013 from 2012.
These prices will be driven by continued competition among investors in the distressed market, as well as a return to the market of organic move-up buyers. A lack of supply in some local markets could push prices there even higher, but the concern is that prices would rise faster than incomes, which could leave some potential buyers on the sidelines.
Mortgage availability will be further curtailed by new regulations coming out of Dodd-Frank.
Rules governing risk retention and a borrower's ability to repay a loan have yet to be released, but mortgage bankers are already warning they could make loans more expensive. Mortgage rates will likely rise off their historic lows, but not significantly.
Apartment rents will stay elevated and vacancies low despite the improvement in the housing market.
First-time home buyers are still having trouble returning to the home buying market, despite rising household formation. With lenders requiring higher down payments and complete documentation, these buyers who usually make up over 40 percent of the market are at barely one third of home sales. We will only see the tide turner with far more robust job creation.
Mortgage delinquencies and foreclosures will remain elevated, but continued principal reduction modifications as well as a high level of short sales will alleviate much of the distress.
Foreclosure sales will continue, but the banks are unlikely to flood the market with bank-owned properties, as they have no desire to put downward pressure on prices.
As home prices continue to rise, more borrowers will come up from underwater. This gain in home equity will help to fuel the renovation market and benefit remodeling retailers like Home Depot, Lowes and Masco.
***Enormous caveat: If we go over the fiscal cliff, these predictions are all null and void.
ATTENTION LOT BUYERS!!! Be aware that NOT all lots in the Cove are buildable! Be sure to look at the property and/or complete some form of "due diligence" on any lot prior to paying anyone your hard earned dollars. There are lots of online sales & auctions taking place on Shelter Cove property that will never be buildable. Make sure you give me a call or an email prior to any purchase and I can put you in touch with someone that can help you make an informed decision. Let me help you! This is why I am here!! You'll be glad you called!!
Certifications and Recognitions
Vern Bonham III, Broker, was awarded The Plateau Award for Real Estate Achievement by Fidelity National Title Company!
What this means, to you, is that you have honest, quality representation in his ability to represent you.
Vern Bonham III, California Real Estate Broker #00883393
I specialize in the sale of Coastal Homes, Lots and Commercial properties in the Cove. I keep abreast of all Real Estate developments in the Shelter Cove Subdivision, Southern Humboldt and the County and I am very knowledgeable about local development, building practices & the local issues.
Vern Bonham III, your agent, is a community grounded Real Estate Broker! I care about the purchase you make because you will be my neighbor! When you work with me you are getting honest representation in the Cove! I am a professional real estate agent with more local knowledge and experience than all the combined offices in Shelter Cove because I have been here since the beginning of the subdivision and I understand the local issues affecting ownership here in the Cove. It is important to me that your transition into your new home or your new property, in the Cove, is a great experience! I am your local Real Estate professional and I am dedicated to your satisfaction. Give me a call or send me an email. I'd love to talk with you about our Beautiful Coastal Community!!
God Bless you all and God Bless the U.S.A!!!!
Shelter Cove, in the Lost Coast of Northern California!
Why Dream the Dream when you can Live it! Let me help!!!
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