Housing Affordability – Is Now the Time to Buy?

Every quarter, the California Association of Realtors publishes an update to the Housing Affordability Index, a measure of the percentage of households that can afford to purchase a median-priced home in their area. In Ukiah, the homes in the Oak Manor subdivision are usually median-priced homes. The median sales price is currently about $475,000, down … Read more

California Unveils Shared Loan Program for First-Time Buyers

My friend Ginny Richards, a senior loan officer at Kind Lending in Ukiah, was just telling me about a new loan program from the California Finance Housing Agency (CalFHA). It’s called the California Dream for All Shared Appreciation Loan, and if you’re a first-time home buyer, it could be worth looking into. What is the … Read more

10 Years Ago

Exactly 10 years ago this week, I started writing this weekly real estate column. Here was the inaugural column. By way of introduction, I’m Dick Selzer and I’ve been in Real Estate in the Ukiah Valley since the 1970s. After more than 35 years in the industry, I thought I’d share a few facts and … Read more

Mold is Serious Business

In the past, I’ve addressed the risks posed by asbestos and lead. This week, I’ll tackle the dangers of mold. Not all mold is created equal, but all mold in a house (unless it’s on cheese by design) should be assessed so you know if it’s allergenic, pathogenic, or toxigenic. Allergenic mold triggers allergic reactions … Read more

What Homebuyers Need to Know

When it comes to buying a home, it’s important to know exactly what you’re buying, its condition, and all the expenses you’ll be expected to cover. Real estate transactions can be complex and often require the expertise of many different people, from lenders to licensed contractors. Realtors can help you navigate the whole experience, providing … Read more

A Doable New Year’s Resolution: Maximizing Your Credit Score

Now that we’re a few weeks into 2023 and your new year’s resolutions are already starting to seem like more trouble than they’re worth, may I suggest a pivot to a different resolution? Make this the year you maximize your credit score. It’s not difficult and it can have big payoffs. If you plan to … Read more

Is a Housing Bubble About to Burst?

Folks have been asking whether they should be concerned about a housing bubble bursting like it did in 2008. Rest assured–there is no housing bubble. Market indicators are very different than they were in 2008. Let me take you through it step by step. Recent interest rate hikes have caused housing prices to drop a … Read more

How Does Inflation Affect My Ability to Buy a House?

This is one of my favorite quotes from my all-time favorite president: “Inflation is as violent as a mugger, as frightening as an armed robber, and as deadly as a hit man.” ~Ronald Reagan Ain’t it the truth?! As the Federal Reserve tries to limit inflation by raising interest rates for banks, homebuyers are feeling … Read more