Article By: Jim Porter – November 3, 2023
James Hanna, Realtor at REMAX Gold in Davis, contributed to this week’s column with some numbers and some insight on what is happening in Yolo County.
There are only 210 homes listed for sale in all of Yolo County, which is nowhere near enough inventory for the number of buyers and Realtors ready and willing to buy a house today regardless of today’s interest rates and tough affordability index.
When inventory is low, and business is slow, the full-time real estate agents in Yolo and Solano counties that are ambitious and hungry, hustle and drive to where the inventory is available.
James, like many of my Realtor friends, is taking advantage of the new homes being built within 60 miles of his home base office and is registering his potential buyers at the new home subdivisions that fit his buyer’s profile.
Here is a hot tip from both James Hanna and my friend of 30 years, Solano County Realtor Brian Stumbaugh: Check out the new over-55 community, Four Seasons, in Dixon.
James and Brian have sold a few of these homes this year and K. Hovnanian will be selling 240 more of these homes over the next couple years. Take a minute and watch the K. Hovnanian website video on how this Armenian immigrant founder, Kevork Hovnanian, and his three brothers started this company out of a trailer in New Jersey after coming to the U.S., escaping Iraq, and leaving their money and wealth behind in the 1950s.
The video may inspire you to list your house for sale and buy a brand new one in Dixon. We need your old home for our pre-approved first-time home buyers and their children that can only dream of escaping the rent trap and buying a home one day.
Jim Porter, NMLS No. 276412, is the branch manager of Solano Mortgage, NMLS No. 1515497, a division of American Pacific Mortgage Corporation, NMLS No. 1850, licensed in California by the Department of Financial Protection and Innovation under the CRMLA / Equal Housing Opportunity. Jim can be reached at 707-449-4777.
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