Article : Bullish call on Solano County
Written By Jim Porter
It would be easy to make a negative call on Solano County residential real estate today for three key reasons: 1. Record-breaking unemployment claims and this virus-induced recession. 2. Fear and low consumer confidence.
3. Shelter-at-home orders limiting open houses and sellers that are not willing to have strangers in their homes.
It’s also easy to make a bullish call on buying Solano County homes for many reasons:
1. Location, location, location! Most say Northern California is one of the most beautiful places on Earth. The 17-mile drive in Pebble Beach, Big Sur, San Francisco, the Mendocino and Sonoma coast, Sacramento, Yosemite and Lake Tahoe are all less than a three-hour drive from Solano County. 2. Solano County has the most affordable median home price among Bay Area counties.
3. Strong employment opportunities like Travis Air Force Base, biotech industry, the wine industry, numerous hospitals, the oil refinery business in our backyard, Amazon, Jelly Belly, city and county employment, the Nut Tree and the factory stores may look different in the future but aren’t going anywhere. Perhaps most importantly, more employees than ever in history have learned how to work from home, which allows people to live in Solano County and work for employers that in the past would require a one- to three-hour commute to Marin, San Francisco, San Mateo, Santa Clara and Alameda County.
4. The national average for mortgage rates are now below 3.5%. 5. A shortage of inventory and a need for tens of thousands of homes in Northern California. (Cont.). (Getty Image . johnnya123 ) ...