As positive indicators continue to strengthen across the North Bay housing market, real estate leaders in the region expressed increasing confidence that housing is starting to recover from the crash of 2006.
Median prices have risen incrementally across the region, responding to a surge in new demand for homes in that price range. Foreclosure rates have waned, and more home sellers are leaving their transactions with equity.
“This is what recovery looks like,” said Rick Laws, regional vice president of Pacific Union International in Santa Rosa and long-time producer of a monthly housing report for Sonoma County. “First comes sales, then comes prices, then comes development.” [read more in "Strength returns to North Bay home market", Sept. 24]
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