Tuesday, April 21, 2015
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Housing numbers show improvement again

home van buren, 11/15/12

A home for sale on Van Buren Street in Fairfield. (Brad Zweerink/Daily Republic)

By
From page B4 | November 15, 2012 |

FAIRFIELD — Home prices in the Bay Area rose again in October, yet Solano County still ranks as one of the most affordable areas in the state.

The newest housing numbers released Wednesday by DataQuick show improvement in the market for the 16th straight month when looking at a year-to-year comparison.

Solano County had a median sales price of $216,000 in October, up nearly 15 percent from this time last year. Overall the Bay Area is up 19 percent from last year, with a median price of $416,000.

The Bay Area as a whole is up 21 percent in sales volume compared to last year. Solano saw the lowest jump of the nine-county area at 8 percent.

While the sales may not be up locally, it’s not because of high prices. Solano tied with San Bernardino County for the most affordable prices in the third quarter of 2012, according to the California Association of Realtors. That affordability index compares the median price with the median income for a region.

For months, local Realtors have complained of a lack of homes to sell. Banks using shadow inventory, or homes intentionally being kept off the market to raise demand, increased the bidding, said Carlie Moreno, with Kappel and Kappel.

Moreno said there were 63 properties on the market in Vacaville when she last looked and a majority of those had multiple offers. She’s sold homes since 2006 and remembers when that number was well more than 100.

“There’s such a big shadow inventory and they are slowly trickling them out there,” Moreno said. “Sometimes they put houses out listed for less to start bidding wars. Just to get everyone’s attention.”

When that happens, Moreno said the offers come fast. She recalled a recent listing that fetched 16 offers in six days, four of which were all cash. That property sold for $17,000 more than the original listing price.

Investors and those with cash to spend are dominating the market because of the ease of the transaction. Moreno said cash offers don’t have to deal with an appraiser or the restrictions with loans like those from FHA. Many of those with FHA loans are people who are first-time buyers, she said.

“Lending guidelines are so strict, they are less likely to take the offer,” she said. “We want those first-time buyers to get in.”

Reach Danny Bernardini at 427-6935 or [email protected] Follow him on Twitter at www.twitter.com/dbernardinidr.

Danny Bernardini

Danny Bernardini

Danny is a newspaper man born and raised in Vacaville. He attended Chico State University and has written for the Enterprise Record and the Reporter. Covers the City of Fairfield, education and crime. A's, Warriors and Saints fan. Listener of vinyl, frequent visitor to the East Bay. Registered "decline to state" voter. Loves a good steak.
LEAVE A COMMENT

Discussion | 1 comment

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

  • Glen FaisonNovember 14, 2012 - 9:14 pm

    Due to website maintenance, Daily Republic readers will be unable to comment on articles on the newspaper’s website for much of Thursday morning. The website will still be available to view stories and photos. The ability to comment on stories is expected to be available again by midday.

    Reply | Report abusive comment
.

Solano News

 
Kids Day of Fishing began with $20 donation

By Amy Maginnis-Honey | From Page: A5

 
Chabad will begin Torah for Solano Jewish community

By Amy Maginnis-Honey | From Page: A5

Library foundation executive moves to Child Haven

By Susan Winlow | From Page: A5

 
Theater schedules free screening of Sundance film

By Amy Maginnis-Honey | From Page: A8

Vacaville plans recreation expo

By Amy Maginnis-Honey | From Page: A5

 
Frazier to discuss transportation at EDC breakfast

By Kevin W. Green | From Page: A5

 
Fairgrounds site of horse-betting seminar, brunch

By Susan Hiland | From Page: A8

Il Fiorello schedules vegetarian cuisine class

By Susan Hiland | From Page: A8

 
Fairfield police log: April 19, 2015

By Glen Faison | From Page: A12

Suisun City police log: April 19, 2015

By Glen Faison | From Page: A12

 
.

US / World

Lawmakers seek FDA review of ingredients used in cosmetics

By The Associated Press | From Page: B2

 
Appeals court rules against higher water rates for big users

By The Associated Press | From Page: B2

Prosecutors: Capsized boat captain and crew member arrested

By The Associated Press | From Page: B2

 
High-speed rail approves 5 bidders for more construction

By The Associated Press | From Page: B2

Sacramento man arrested for trying to scale White House fence

By The Associated Press | From Page: B2

 
Sheriff’s domestic violence-related conviction erased

By The Associated Press | From Page: B2

Utah woman gets up to life in prison in deaths of 6 newborns

By The Associated Press | From Page: B2

 
Police: Video didn’t capture suspect’s fatal spine injury

By The Associated Press | From Page: B2

California Uber driver accused of running down bicyclist

By The Associated Press | From Page: B2

 
US warship heads to Yemeni waters; could block Iran weapons

By The Associated Press | From Page: B2

Lawyer: Washington Post reporter in Iran faces 4 charges

By The Associated Press | From Page: B2 | Gallery

 
Many migrants drawn by jobs, welfare in northern Europe

By The Associated Press | From Page: B2

Bombs shatter houses in Yemen capital, hit near Iran Embassy

By The Associated Press | From Page: B2

 
Things to know about California water reduction mandates

By The Associated Press | From Page: B2

Questions, answers about federal anti-radicalization effort

By The Associated Press | From Page: B2

 
Where US sees terror prevention, some Muslims see profiling

By The Associated Press | From Page: B2 | Gallery

Sacramento woman eats 3 steak dinners in 20 minutes in Texas

By The Associated Press | From Page: B2

 
Chemistry Ph.D. student illustrates her thesis in comic book

By The Associated Press | From Page: B3 | Gallery

Public memorial held for the Rev. Robert Schuller

By The Associated Press | From Page: B2

 
SC paper wins Pulitzer for reporting on domestic abuse

By The Associated Press | From Page: B2

6 from Minnesota charged with trying to join Islamic State

By The Associated Press | From Page: B2

 
.

Opinion

Clinton’s push for campaign-money reform a safe bet

By Jonathan Bernstein | From Page: A11

 
Why does Fed insist on targeting inflation?

By Ramesh Ponnuru | From Page: A11

Income disparity study results ironic

By Dan Walters | From Page: A11

 
.

Living

Community Calendar: April 21, 2015

By Susan Hiland | From Page: A2

 
.

Entertainment

AC/DC drummer Phil Rudd pleads guilty to threatening to kill

By The Associated Press | From Page: B3

 
Bobby Brown’s lawyer: Bobbi Kristina Brown has opened eyes

By The Associated Press | From Page: B3

US writer who fled Austria to escape Holocaust dead at 90

By The Associated Press | From Page: B3

 
Vice News, NPR, CNN, WNYC win double Peabody Awards

By The Associated Press | From Page: B3

HBO planning to deal Web pot sitcom ‘High Maintenance’

By The Associated Press | From Page: B3

 
Kolbert’s ‘Sixth Extinction’ wins Pulitzer for nonfiction

By The Associated Press | From Page: B3

Wolfe’s ‘Anthracite Fields’ wins Pulitzer for music

By The Associated Press | From Page: B3

 
Anthony Doerr wins Pulitzer Prize for fiction

By The Associated Press | From Page: B3

Elizabeth A. Fenn wins Pulitzer Prize for history

By The Associated Press | From Page: B3

 
Gregory Pardlo’s ‘Digest’ wins Pulitzer Prize for poetry

By The Associated Press | From Page: B3

David I. Kertzer wins Pulitzer for biography-autobiography

By The Associated Press | From Page: B3

 
Stephen Adly Guirgis wins Pulitzer for drama

By The Associated Press | From Page: B3

.

Sports

Mustangs rally in seventh inning to top Falcons

By Daily Republic staff | From Page:

 
AP source: Peterson stays home from Vikings workouts

By The Associated Press | From Page: B1

Report: 2 teams needed to make California stadium profitable

By The Associated Press | From Page: B1

 
Data deluge: MLB rolls out Statcast analytics on Tuesday

By The Associated Press | From Page: B1

Former Chicago Bears linebacker Doug Buffone dead at 70

By The Associated Press | From Page: B1

 
New format means injured drivers no longer must race

By The Associated Press | From Page: B1

Saunders: ‘I’m the coach until I say I’m not’

By The Associated Press | From Page: B1

 
Faldo to make final appearance at British Open this year

By The Associated Press | From Page: B1

Braves’ McKirahan suspended 80 games for positive drug test

By The Associated Press | From Page: B1

 
Raptors Lou Williams wins NBA Sixth Man Award

By The Associated Press | From Page: B1

Ugly Olympic conflict breaks into open at Sochi conference

By The Associated Press | From Page: B1

 
Pacquiao gets in 2 words before conference call cancelled

By The Associated Press | From Page: B1

Eagles sign quarterback Tim Tebow to 1-year contract

By The Associated Press | From Page: B1

 
McLellan out after 7 years as coach of San Jose Sharks

By The Associated Press | From Page: B1

Pelicans coach says Warriors arena noise might be too loud

By The Associated Press | From Page: B1

 
Police: LA Kings’ Jarret Stoll had cocaine, Ecstasy in Vegas

By The Associated Press | From Page: B1

Desisa wins 119th Boston Marathon; Rotich takes women’s race

By The Associated Press | From Page: B1

 
Jockey Chris Antley leads Racing Hall of Fame class

By The Associated Press | From Page: B1 | Gallery

.

Business

Judge returns ultra-rich club founder Tim Blixseth to jail

By The Associated Press | From Page: B4

 
Running out of time: Limited-time deals can be limiting

By The Associated Press | From Page: B4

$134M proposed for 10 BP-funded oil spill recovery projects

By The Associated Press | From Page: B4

 
Hormel says bird flu outbreak will hurt turkey sales

By The Associated Press | From Page: B4

Bird flu confirmed at Iowa farm with 5.3 million chickens

By The Associated Press | From Page: B4

 
Trucking group urges government to move on speed limiters

By The Associated Press | From Page: B4

US stocks gain, rebounding from Friday’s slump; Hasbro jumps

By The Associated Press | From Page: B4

 
Survey: US businesses expect sales rebound, more hiring

By The Associated Press | From Page: B4

Bristol-Myers: 2 cancer drugs beat 1 against melanoma

By The Associated Press | From Page: B4

 
Halliburton says has cut 9,000 jobs in wake of oil’s drop

By T. Burt McNaughton | From Page: B4

Labor group seeks rehiring of workers at 5 Wal-Mart sites

By The Associated Press | From Page: B4

 
Frederick’s of Hollywood files for Chapter 11 bankruptcy

By The Associated Press | From Page: B4

Willie Nelson becomes latest celebrity in marijuana business

By The Associated Press | From Page: B4 | Gallery

 
Kraft Mac & Cheese shedding the dyes

By The Associated Press | From Page: B4

ESPN says Verizon’s new FiOS TV packages violate agreements

By The Associated Press | From Page: B4

 
Lawsuit: Southwest failed to respond to medical emergency

By The Associated Press | From Page: B4

.

Obituaries

.

Comics

Bridge April 21

By Daily Republic Syndicated Content | From Page: B8

 
Get Fuzzy April 21

By Daily Republic Syndicated Content | From Page: B7

Peanuts April 21

By Daily Republic Syndicated Content | From Page: B7

 
Rose is Rose April 21

By Daily Republic Syndicated Content | From Page: B7

Frank and Ernest April 21

By Daily Republic Syndicated Content | From Page: B7

 
Baby Blues April 21

By Daily Republic Syndicated Content | From Page: B7

For Better or Worse April 21

By Daily Republic Syndicated Content | From Page: B7

 
Word Sleuth April 21

By Daily Republic Syndicated Content | From Page: B8

Dilbert April 21

By Daily Republic Syndicated Content | From Page: B7, 1 Comment

 
Cryptoquote April 21

By Daily Republic Syndicated Content | From Page: B8

Sally Forth April 21

By Daily Republic Syndicated Content | From Page: B7

 
Garfield April 21

By Daily Republic Syndicated Content | From Page: B7

Crossword April 21

By Daily Republic Syndicated Content | From Page: B8

 
B.C. April 21

By Daily Republic Syndicated Content | From Page: B7

Wizard of Id April 21

By Daily Republic Syndicated Content | From Page: B7

 
Blondie April 21

By Daily Republic Syndicated Content | From Page: B7

Beetle Bailey April 21

By Daily Republic Syndicated Content | From Page: B7

 
Baldo April 21

By Daily Republic Syndicated Content | From Page: B7

Zits April 21

By Daily Republic Syndicated Content | From Page: B7

 
Pickles April 21

By Daily Republic Syndicated Content | From Page: B7

Sudoku April 21

By Daily Republic Syndicated Content | From Page: B8