Reason Number 1- Homes have never been more affordable.
For individual home buyers, there are only a few facts that really matter:
1) Can I afford this home?
2) Is it a good deal?
3) Does it meet my family’s needs?
It’s a bit surprising that the most important housing statistic has gone largely unreported: Homes have never been more affordable. In fact, affordability, measured by the median mortgage payment on the current median-priced home ($182,400 nationally) as a percentage of the median household income ($64,400), is lower than it’s been in a generation, currently at 14.9%.
One of the advantages of buying at the lower end of the market is that in a few years it will appreciate more than homes that are more expensive. There is less demand in the higher price points- demand drives price increases, and, as the market improves, demand for lower price points will go up faster than at the higher end. If one owns a home for 5-7 years (the average amount of time most buyers stay in their home), at this price point, one would at least break even, and most likely enjoy equity.
Currently, it is less expensive to BUY a home than to pay rent. Think about it this way- everyone buys real estate. The question is whether one buys it for themselves or for the landlord.
Sunday, December 5, 2010
Thursday, November 18, 2010
Does the housing market slow down in the winter?
What happened? Where did my summer go, with the suntan, the days at the beach, and drinking corona's in the backyard?? It's November already! Typically, I'd rather stay inside, by the fire, and switch to the red wine. Is this what homebuyers are doing? I don't think so.
NOW is the b-e-s-t time to buy a new home. Why? There is less inventory, prices are LOW, interest rates are LOW, and sellers, whether they are actual people or robo-signers, are willing to make a deal. And really, the best time to buy is when the homebuyer is ready!!
NOW is the b-e-s-t time to buy a new home. Why? There is less inventory, prices are LOW, interest rates are LOW, and sellers, whether they are actual people or robo-signers, are willing to make a deal. And really, the best time to buy is when the homebuyer is ready!!
Friday, November 12, 2010
High Schools Closing, School Fundraisers, and life choices
It was announced today that 130-year old Ursuline in Santa Rosa is closing due to lack of funding. My daughter is in second grade- and I was most certainly NOT going to send her to the local public high school! I WAS going to send her to Ursuline. Every day her elementary school sends home fund-raising information- let's sell wrapping paper, chocolates, and have a walk-a-thon so that we can buy copy paper! Not so much fun when the classroom gets broken into and the teacher's laptop is stolen. Where will the money come from to replace that?? I think I'm opting for home-schooling, or maybe a co-op. Know any good ones?
Perhaps our new gover-nator will deem it socially acceptable to provide funding to childhood education, instead of directing funds to criminals. Let's raise responsible, contributing members of society, so that they won't go to jail in the first place! But wait, they'll be too busy fundraising for their children's schools!
Perhaps our new gover-nator will deem it socially acceptable to provide funding to childhood education, instead of directing funds to criminals. Let's raise responsible, contributing members of society, so that they won't go to jail in the first place! But wait, they'll be too busy fundraising for their children's schools!
Friday, November 5, 2010
What is going on in the Real Estate Market?
Home sales typically decline in September/ October, as people are less likely to move when school starts. As a result, list prices and number of units on the market decline.
One interesting metric this season, however, is that months of inventory has declined as well. In May, we had almost 7 months worth of homes on the market- this has dropped to just under 4.5 months in October. What does this mean? There are less homes on the market, less for buyers to choose from, sellers are waiting until spring to market their homes on the advice of their agents. Is that good or bad for sellers? Now would actually be an ideal time to list your home- less competition on the market! Additionally, you would pre-empt the "shadow inventory" of bank-owned properties that are waiting in the wings to come onto the market, and have more negotiating power with buyers.
Valerie Leivo is a Realtor with Keller Williams Realty in Santa Rosa. I can be reached at 707-490-5527, via email greenvalerie@kw.com, http://www.greenvalerie.com/.
Valerie Leivo is a Realtor with Keller Williams Realty in Santa Rosa. I can be reached at 707-490-5527, via email greenvalerie@kw.com, http://www.greenvalerie.com/.
Monday, October 25, 2010
Bank fraud and the American Homeowner
It's about time! Finally Big Brother feels they should oversee mortgage banks that they had previously freely given money to. This month, Bank of America voluntarily halted foreclosure processing, as it had "magically" discovered that they were not reading the hardship packages that had been submitted by homeowners. Within the next few weeks, their internal audit discovered that nothing was amiss in their practices.
Federal Reserve Chairman Ben Bernanke said Monday that the Fed is concerned about reported irregularities in foreclosure practices at a number of financial institutions and banking agencies are working together to complete an in depth review of these practices.
He told attendees at the Symposium for Mortgages and the Future of Housing Finance, "We are looking intensively at the firms' policies, procedures, and internal controls related to foreclosures and seeking to determine whether systematic weaknesses are leading to improper foreclosures. We take violations of proper procedures seriously. We anticipate preliminary results of the review next month. In addition, Federal Reserve staff members and their counterparts at other federal agencies are evaluating the potential effects of these problems on the real estate market and financial institutions."
Where does this leave us? It seems the banks will continue to make up the rules as they go along, with some input from the government.
Federal Reserve Chairman Ben Bernanke said Monday that the Fed is concerned about reported irregularities in foreclosure practices at a number of financial institutions and banking agencies are working together to complete an in depth review of these practices.
He told attendees at the Symposium for Mortgages and the Future of Housing Finance, "We are looking intensively at the firms' policies, procedures, and internal controls related to foreclosures and seeking to determine whether systematic weaknesses are leading to improper foreclosures. We take violations of proper procedures seriously. We anticipate preliminary results of the review next month. In addition, Federal Reserve staff members and their counterparts at other federal agencies are evaluating the potential effects of these problems on the real estate market and financial institutions."
Where does this leave us? It seems the banks will continue to make up the rules as they go along, with some input from the government.
Tuesday, October 5, 2010
Is your Home Not Selling?
Home not selling? That could happen for a number of reasons you can’t control, like a unique home layout or having one of the few homes in the neighborhood without a garage. There is one factor you can control: your home price.
These six signs may be telling you it’s time to lower your price.
1. You’re drawing few lookers
You get the most interest in your home right after you put it on the market because buyers want to catch a great new home before anybody else takes it. If your real estate agent reports there have been fewer buyers calling about and asking to tour your home than there have been for other homes in your area, that may be a sign buyers think it’s overpriced and are waiting for the price to fall before viewing it.
2. You’re drawing lots of lookers but have no offers
If you’ve had 30 sets of potential buyers come through your home and not a single one has made an offer, something is off. What are other agents telling your agent about your home? An overly high price may be discouraging buyers from making an offer.
3. Your home’s been on the market longer than similar homes
Ask your real estate agent about the average number of days it takes to sell a home in your market. If the answer is 30 and you’re pushing 45, your price may be affecting buyer interest. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. At least consider lowering your asking price.
4. You have a deadline
If you’ve got to sell soon because of a job transfer or you’ve already purchased another home, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend.
5. You can’t make upgrades
Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others.
6. The competition has changed
If weeks go by with no offers, continue to check out the competition. What have comparable homes sold for and what’s still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, consider a price reduction.
Valerie Leivo is a Realtor with Keller Williams Realty in Santa Rosa, CA. Reach her at greenvalerie@kw.com, or call 707-490-5527
These six signs may be telling you it’s time to lower your price.
1. You’re drawing few lookers
You get the most interest in your home right after you put it on the market because buyers want to catch a great new home before anybody else takes it. If your real estate agent reports there have been fewer buyers calling about and asking to tour your home than there have been for other homes in your area, that may be a sign buyers think it’s overpriced and are waiting for the price to fall before viewing it.
2. You’re drawing lots of lookers but have no offers
If you’ve had 30 sets of potential buyers come through your home and not a single one has made an offer, something is off. What are other agents telling your agent about your home? An overly high price may be discouraging buyers from making an offer.
3. Your home’s been on the market longer than similar homes
Ask your real estate agent about the average number of days it takes to sell a home in your market. If the answer is 30 and you’re pushing 45, your price may be affecting buyer interest. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. At least consider lowering your asking price.
4. You have a deadline
If you’ve got to sell soon because of a job transfer or you’ve already purchased another home, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend.
5. You can’t make upgrades
Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others.
6. The competition has changed
If weeks go by with no offers, continue to check out the competition. What have comparable homes sold for and what’s still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, consider a price reduction.
Valerie Leivo is a Realtor with Keller Williams Realty in Santa Rosa, CA. Reach her at greenvalerie@kw.com, or call 707-490-5527
Monday, September 13, 2010
New Program for California
Great News for homeowners in California! The California Housing Finance Agency has announced a new program set to start in November. They have designated $700 million to help distressed homeowners. The program is called "Keep your Home" and offers payment subsidies, lump-sum catch-up money, principal reduction, and relocation assistance for low and moderate income homeowners with a qualifying circumstance.
Homeowners who have lost their jobs and are in danger of foreclosure can get payment subsidies of up to $1500 or 50% of their mortgage payment, whichever is less, for up to six months.
Missed payments can be made up with up to $15,000 or 50% of the past due amount, whichever is less, to reinstate the mortgage and prevent foreclosure. The mortgage holder must match the lump sum on a dollar-for-dollar basis.
Homeowners with severe negative equity can receive up to $50,000 to reduce the principle balance to market level- this must again be matched dollar-for-dollar from the lender.
Homeowners who can't afford to keep their homes can receive a one-time grant of up to $5,000 for moving assistance.
To qualify for this program, you must occupy the home as your primary residence, meet county income restrictions, sign a hardship affidavit, and have enough income to make modified payments. Homeowners are ineligible if they took a cash-out refinance.
Valerie Leivo is a Realtor with Keller Williams in Santa Rosa. You can reach her at 707-490-5527 or email greenvalerie@kw.com
Homeowners who have lost their jobs and are in danger of foreclosure can get payment subsidies of up to $1500 or 50% of their mortgage payment, whichever is less, for up to six months.
Missed payments can be made up with up to $15,000 or 50% of the past due amount, whichever is less, to reinstate the mortgage and prevent foreclosure. The mortgage holder must match the lump sum on a dollar-for-dollar basis.
Homeowners with severe negative equity can receive up to $50,000 to reduce the principle balance to market level- this must again be matched dollar-for-dollar from the lender.
Homeowners who can't afford to keep their homes can receive a one-time grant of up to $5,000 for moving assistance.
To qualify for this program, you must occupy the home as your primary residence, meet county income restrictions, sign a hardship affidavit, and have enough income to make modified payments. Homeowners are ineligible if they took a cash-out refinance.
Valerie Leivo is a Realtor with Keller Williams in Santa Rosa. You can reach her at 707-490-5527 or email greenvalerie@kw.com
Tuesday, September 7, 2010
WHY SHORT SELL MY HOUSE??
Or in other words, the ins and outs of HAFA!
The Home Affordable Foreclosure Alternatives Program provides incentives to service providers AND the HOMEOWNER in connection with a short sale or a deed-in-lieu (DIL) of foreclosure. The loan must qualify under the HAMP program initially (borrower is delinquent or in imminent risk of default, property is the primary residence of the owner, and the loan originated on or before Jan. 1, 2009 and is under $729,750). Homeowners MAY receive
1- up to $3,000 for "move-out assistance"
2- release of liability on the first mortgage and payoff of the second mortgage (if any)
3- the ability to buy another home in as little as three years
Often times, a mortgage bank WILL try to help their customers- a home owner's bank should present them with all available options as soon as it becomes apparent that default is immenent.
Benefit #2 is, in my eye,s the most beneficial to the homeowner- the intent is to eliminate the home owner's debt from the mortgage holder (s), allowing the homeowner the ability to move forward into the next phase of life with a clean slate!
You can reach Valerie Leivo at 707-490-5527, email greenvalerie@kw.com.
Valerie is a local REALTOR with Keller Williams Realty in Santa Rosa, CA.
The Home Affordable Foreclosure Alternatives Program provides incentives to service providers AND the HOMEOWNER in connection with a short sale or a deed-in-lieu (DIL) of foreclosure. The loan must qualify under the HAMP program initially (borrower is delinquent or in imminent risk of default, property is the primary residence of the owner, and the loan originated on or before Jan. 1, 2009 and is under $729,750). Homeowners MAY receive
1- up to $3,000 for "move-out assistance"
2- release of liability on the first mortgage and payoff of the second mortgage (if any)
3- the ability to buy another home in as little as three years
Often times, a mortgage bank WILL try to help their customers- a home owner's bank should present them with all available options as soon as it becomes apparent that default is immenent.
Benefit #2 is, in my eye,s the most beneficial to the homeowner- the intent is to eliminate the home owner's debt from the mortgage holder (s), allowing the homeowner the ability to move forward into the next phase of life with a clean slate!
You can reach Valerie Leivo at 707-490-5527, email greenvalerie@kw.com.
Valerie is a local REALTOR with Keller Williams Realty in Santa Rosa, CA.
Saturday, July 24, 2010
Bennett Valley Stats
Here are the stats for home sales in Bennett Valley, East of Summerfield Road for the month of June 2010. Surprisingly, 71% of home sales from January 2010 through June 2010 are "normal" sales, i.e. NOT short sales or bank owned! Short sales consist of 16% of the market, and bank owned homes are only 11%. 
Homes are selling for 98% of the original list price, in an average of 94 days. The average price per square foot is $257.45. The average original list price is $704,892, with an average selling price of $688,829.
What do all of these stats mean??! For this micro-niche market, homeowners are 1) becoming more proactive and selling their homes before they experience predictable financial woes and are NOT giving their homes back to the bank, 2) recognizing the great opportunities to purchase their "dream homes" and seizing the opportunity to move up, and 3) the banks are "holding" properties and not releasing them to the market to avoid flooding the market in order to preserve home values.
Is this niche market a signal that we are returning to a "standard" real estate market? The general consensus is that "normal" sales will become more common, however short sales and bank-owned properties will become a normal segment of our new market. We will not experience the inflated market of a few years ago, we will find a happy medium that will include opportunities for all segments of the population to experience homeownership.
For additional questions, please call me! 707-490-5527 or email greenvalerie@kw.com
Homes are selling for 98% of the original list price, in an average of 94 days. The average price per square foot is $257.45. The average original list price is $704,892, with an average selling price of $688,829.
What do all of these stats mean??! For this micro-niche market, homeowners are 1) becoming more proactive and selling their homes before they experience predictable financial woes and are NOT giving their homes back to the bank, 2) recognizing the great opportunities to purchase their "dream homes" and seizing the opportunity to move up, and 3) the banks are "holding" properties and not releasing them to the market to avoid flooding the market in order to preserve home values.
Is this niche market a signal that we are returning to a "standard" real estate market? The general consensus is that "normal" sales will become more common, however short sales and bank-owned properties will become a normal segment of our new market. We will not experience the inflated market of a few years ago, we will find a happy medium that will include opportunities for all segments of the population to experience homeownership.
For additional questions, please call me! 707-490-5527 or email greenvalerie@kw.com
Friday, July 16, 2010
Environmental Homes
It would be ideal if we could all go live in the woods in tents. As long as there is running water and heat... and no mosquitoes. There is an alternative, however. Energy efficient and "green" housing are becoming very trendy, and many people are jumping on board. As a new home buyer, I would love to pay $4 a month to PG&E! One person I know doesn't have a bill at all!
New home builders are slow to accommodate- for two reasons. The main reason is the economy- no one is building right now. It is difficult to get new construction loans ( although I do know a great insurance agent who will cover new construction), and two, the early adopters of this trend have already bought.
There are two main subdivisions of solar/ energy efficient new construction in the tri-valley area- Bridge Trail at the North Village in Santa Rosa and Riverview in Petaluma. At Bridge Trail, they are currently sold out of phases 1,2, and 3 of their project, and is built by the Hugh Futrell Corporation. However, there are still plans for a Clubhouse to include exercise facilities, a pool, and the such. This project is surrounded by wetlands with hiking and biking trails at the north end of Santa Rosa off Fulton Road. Additionally, these properties do occasionally come onto the market for resale and are currently selling for $350,000 and below.
Riverview in Petaluma is built by Lennar Corp. and is located off of McNear from Petaluma Blvd. South. Lennar calls these properties "PowerSmart" and boasts features such as SunPower Smart Mount Solar electric system, dual-zone heating and air-conditioning, low E glass, insulation everywhere, and low-flow plumbing fixtures, among others. These homes are 15% more efficient than California standards. These homes are built into the hills above Petaluma, giving residents panoramic views. There are also playgrounds, seasonal creeks, and open space to explore. These properties are listed at $600,000 and up.
Lennar has also just closed a deal to buy Linnwood, a development in mid-construction owned by another local builder. Some homes are completed and sold by the previous owner, and some are half-way constructed. Lennar plans to finish this development, putting their Powersmart slant on the development.
For more information regarding any of these properties, please contact me at 707-490-5527 or email greenvalerie@kw.com
New home builders are slow to accommodate- for two reasons. The main reason is the economy- no one is building right now. It is difficult to get new construction loans ( although I do know a great insurance agent who will cover new construction), and two, the early adopters of this trend have already bought.
There are two main subdivisions of solar/ energy efficient new construction in the tri-valley area- Bridge Trail at the North Village in Santa Rosa and Riverview in Petaluma. At Bridge Trail, they are currently sold out of phases 1,2, and 3 of their project, and is built by the Hugh Futrell Corporation. However, there are still plans for a Clubhouse to include exercise facilities, a pool, and the such. This project is surrounded by wetlands with hiking and biking trails at the north end of Santa Rosa off Fulton Road. Additionally, these properties do occasionally come onto the market for resale and are currently selling for $350,000 and below.
Riverview in Petaluma is built by Lennar Corp. and is located off of McNear from Petaluma Blvd. South. Lennar calls these properties "PowerSmart" and boasts features such as SunPower Smart Mount Solar electric system, dual-zone heating and air-conditioning, low E glass, insulation everywhere, and low-flow plumbing fixtures, among others. These homes are 15% more efficient than California standards. These homes are built into the hills above Petaluma, giving residents panoramic views. There are also playgrounds, seasonal creeks, and open space to explore. These properties are listed at $600,000 and up.
Lennar has also just closed a deal to buy Linnwood, a development in mid-construction owned by another local builder. Some homes are completed and sold by the previous owner, and some are half-way constructed. Lennar plans to finish this development, putting their Powersmart slant on the development.
For more information regarding any of these properties, please contact me at 707-490-5527 or email greenvalerie@kw.com
Wednesday, June 23, 2010
Energy Efficient Upgrades
Most of us are looking for ways to live more frugally and make our homes use energy more efficiently. One thing that the bursting of the housing bubble has shown us is how important it is to live within our means. Saving money on energy costs is not only great for our wallets, but also the planet. By using less resources we can preserve our environment for generations to come.
PG&E has several ways to help us save:
1. Accept installation of a SmartAC thermostat. The SmartAC is a digital thermostat that is connected to your air conditioning/ HVAC unit. On an as-needed basis, PG&E can temporarily raise your temperature by 4 degrees gradually throughout the day. The display on the thermostat can alert consumers when there is an energy emergency. Consumers can also decline to participate on a daily basis if so chosen. This 4 degree difference per household can help keep 77,000 homes powered during an energy emergency. Most people don’t even notice!
2. Thinking of changing out your appliances? PG&E offers rebates on hundreds of energy efficient appliances like dishwashers and clothes driers. Get $35 for recycling an old, operational refrigerator. Visit www.pge.com/rebates for more information.
3. PG&E is installing SmartMeters™ throughout the county. You can see how much energy you are using, and when, so you can lower your overall energy bills. Visit www.pge.com/smartmeter.
A few simple home upgrades such as insulating your air ducts and sealing any air duct leaks, replacing old and inefficient HVAC units, upgrading your water heater or installing attic fans and insulation can save you a lot with a small investment. Your home will be more comfortable with stable inside temperatures and you’ll feel better about not wasting precious energy.
Here are over 20 ways you can save on energy bills, reduce your carbon footprint and live in a more comfortable home:
• High efficiency HVAC systems and HVAC system sealing
• Duct and home sealing
• Evaporative coolers
• Efficient natural gas storage water heaters
• Tankless water heaters
• Solar water heater systems
• Cool roof systems
• Reflective roofs and coatings
• Attic and wall insulation
• Reflective insulation or radiant barriers
• Whole house fans and attic fans
• High efficiency windows and glass doors
• Window filming
• Weather stripping
• Efficient skylights
• Solar tubes
• Additional building openings to provide addition natural light
• High efficiency lighting installation
• High efficiency pool equipment
• Electric vehicle plug-in stations
• Geothermal exchange heat pumps
• Solar thermal systems for pool heating
Sonoma County’s Energy Independence Program is a new opportunity for property owners to finance energy efficiency, water efficiency and renewable energy improvements through a voluntary assessment. These assessments will be attached to the property, not the owner, and will be paid back through the property tax system over time, making the program not only energy efficient but also affordable.
• Participation in this Sonoma County program is completely voluntary.
• Energy efficiency, water conservation and renewable energy generation upgrades must be permanently attached to the property to qualify. Items not permanently attached such as dishwashers and other appliances are not allowed. Improvements like insulation, cool roofing, heating and air conditioning systems, waterless urinals, solar panels and energy efficient windows are acceptable.
• Improvements must be for existing buildings, new construction does not qualify.
• Assessments are a lien on the property itself: when the property is sold, the assessment stays with the property.
• Repayment is made through your property tax bill over time.
Federal Investment Tax Credit
On October 3, 2008 H.R.1424, the Emergency Economic Stabilization Act of 2008 was passed. Division B of this bill includes the Energy Improvement and Extension Act of 2008. This landmark legislation extends critical Federal Investment Tax Credits for solar customers and other renewable energy projects. This bill contains $18 billion in incentives for clean and renewable energy technologies, as well as for energy efficiency improvements.
For homes
A one-time, 30% federal investment tax credit is available to homeowners who purchase and install solar electric systems through December 31, 2016. The Federal Investment Tax Credit for Residential is 30 percent of net system cost, with no cap.
For businesses
The Federal Investment Tax Credit for Commercial and Business owned systems is 30% of net system cost with no cap. In addition, business-owned systems may also be eligible for MACRS five-year accelerated depreciation (aka the Modified Accelerated Cost Recovery System required by the IRS.)
California Solar Initiative Rebate
The California Solar Initiative offers two state incentive paths to Sonoma County consumers:
Expected Performance Based Buydown (EPBB) – Owners of solar systems less than 50 kilowatts may apply for this up-front cash rebate. Rebates are determined by the expected performance of the owner’s system based on equipment ratings and installation factors such as geographic location, tilt, orientation, and shading. Customers receive their incentive payment in a lump sum after their system in fully installed and interconnected with their utility.
Performance Based Incentive (PBI) – Solar systems between 50 kW and 1 MW must apply for the PBI, a five-year stream of fixed monthly payments determined by the system’s actual metered output based on utility records. After January 1, 2010, all systems greater than 30 kW must use the PBI, although the PBI incentive path is available at any time to ANY size system. (Consulting a solar professional is advised to determine whether PBI makes financial sense for individual situations.)
For more information and referrals call Valerie Leivo Tran at 707-490-5527 or visit www.greenvalerie.com and select “green resources.”
PG&E has several ways to help us save:
1. Accept installation of a SmartAC thermostat. The SmartAC is a digital thermostat that is connected to your air conditioning/ HVAC unit. On an as-needed basis, PG&E can temporarily raise your temperature by 4 degrees gradually throughout the day. The display on the thermostat can alert consumers when there is an energy emergency. Consumers can also decline to participate on a daily basis if so chosen. This 4 degree difference per household can help keep 77,000 homes powered during an energy emergency. Most people don’t even notice!
2. Thinking of changing out your appliances? PG&E offers rebates on hundreds of energy efficient appliances like dishwashers and clothes driers. Get $35 for recycling an old, operational refrigerator. Visit www.pge.com/rebates for more information.
3. PG&E is installing SmartMeters™ throughout the county. You can see how much energy you are using, and when, so you can lower your overall energy bills. Visit www.pge.com/smartmeter.
A few simple home upgrades such as insulating your air ducts and sealing any air duct leaks, replacing old and inefficient HVAC units, upgrading your water heater or installing attic fans and insulation can save you a lot with a small investment. Your home will be more comfortable with stable inside temperatures and you’ll feel better about not wasting precious energy.
Here are over 20 ways you can save on energy bills, reduce your carbon footprint and live in a more comfortable home:
• High efficiency HVAC systems and HVAC system sealing
• Duct and home sealing
• Evaporative coolers
• Efficient natural gas storage water heaters
• Tankless water heaters
• Solar water heater systems
• Cool roof systems
• Reflective roofs and coatings
• Attic and wall insulation
• Reflective insulation or radiant barriers
• Whole house fans and attic fans
• High efficiency windows and glass doors
• Window filming
• Weather stripping
• Efficient skylights
• Solar tubes
• Additional building openings to provide addition natural light
• High efficiency lighting installation
• High efficiency pool equipment
• Electric vehicle plug-in stations
• Geothermal exchange heat pumps
• Solar thermal systems for pool heating
Sonoma County’s Energy Independence Program is a new opportunity for property owners to finance energy efficiency, water efficiency and renewable energy improvements through a voluntary assessment. These assessments will be attached to the property, not the owner, and will be paid back through the property tax system over time, making the program not only energy efficient but also affordable.
• Participation in this Sonoma County program is completely voluntary.
• Energy efficiency, water conservation and renewable energy generation upgrades must be permanently attached to the property to qualify. Items not permanently attached such as dishwashers and other appliances are not allowed. Improvements like insulation, cool roofing, heating and air conditioning systems, waterless urinals, solar panels and energy efficient windows are acceptable.
• Improvements must be for existing buildings, new construction does not qualify.
• Assessments are a lien on the property itself: when the property is sold, the assessment stays with the property.
• Repayment is made through your property tax bill over time.
Federal Investment Tax Credit
On October 3, 2008 H.R.1424, the Emergency Economic Stabilization Act of 2008 was passed. Division B of this bill includes the Energy Improvement and Extension Act of 2008. This landmark legislation extends critical Federal Investment Tax Credits for solar customers and other renewable energy projects. This bill contains $18 billion in incentives for clean and renewable energy technologies, as well as for energy efficiency improvements.
For homes
A one-time, 30% federal investment tax credit is available to homeowners who purchase and install solar electric systems through December 31, 2016. The Federal Investment Tax Credit for Residential is 30 percent of net system cost, with no cap.
For businesses
The Federal Investment Tax Credit for Commercial and Business owned systems is 30% of net system cost with no cap. In addition, business-owned systems may also be eligible for MACRS five-year accelerated depreciation (aka the Modified Accelerated Cost Recovery System required by the IRS.)
California Solar Initiative Rebate
The California Solar Initiative offers two state incentive paths to Sonoma County consumers:
Expected Performance Based Buydown (EPBB) – Owners of solar systems less than 50 kilowatts may apply for this up-front cash rebate. Rebates are determined by the expected performance of the owner’s system based on equipment ratings and installation factors such as geographic location, tilt, orientation, and shading. Customers receive their incentive payment in a lump sum after their system in fully installed and interconnected with their utility.
Performance Based Incentive (PBI) – Solar systems between 50 kW and 1 MW must apply for the PBI, a five-year stream of fixed monthly payments determined by the system’s actual metered output based on utility records. After January 1, 2010, all systems greater than 30 kW must use the PBI, although the PBI incentive path is available at any time to ANY size system. (Consulting a solar professional is advised to determine whether PBI makes financial sense for individual situations.)
For more information and referrals call Valerie Leivo Tran at 707-490-5527 or visit www.greenvalerie.com and select “green resources.”
Thursday, May 6, 2010
Mutual Self-Help Homes
Burbank Housing has a new development in Windsor named Manzanita. This development is part of their "self-help homes" project. Manzanita is a mutual self-help development offering affordable homes to first-time low-income buyer. Twenty-two homes, consisting of two, three, and four bedroom homes are available to eligible buyers. Each home is on its own lot with a private yard and an attached one-car garage. Some homes are detached, some are duets. The homes include may features and components chosen to reduce energy, water use, and protect the environment.
This program brings together households as an organized group under the supervision of Burbank Housing to build their new home community. It includes a primary mortgage financing with USDA, favorable loan terms, and a reduced cash down payment. The sweat-equity labor contributed by the household reduces the down payment. During the course of construction, each household is required to work a minimum of 30 hours a week. These crews work alongside experienced construction crews who guide the work and ensure that it is done correctly.
Buyers must have good credit, with low debt and stable employment. Buyers must not have owned a home within the last three years. Homes will only be sold to owner-occupants, who are permanent legal residents.
Contact Burbank Housing at 707-526-9782 for application information.
This program brings together households as an organized group under the supervision of Burbank Housing to build their new home community. It includes a primary mortgage financing with USDA, favorable loan terms, and a reduced cash down payment. The sweat-equity labor contributed by the household reduces the down payment. During the course of construction, each household is required to work a minimum of 30 hours a week. These crews work alongside experienced construction crews who guide the work and ensure that it is done correctly.
Buyers must have good credit, with low debt and stable employment. Buyers must not have owned a home within the last three years. Homes will only be sold to owner-occupants, who are permanent legal residents.
Contact Burbank Housing at 707-526-9782 for application information.
Monday, May 3, 2010
Farmer's Markets in Sonoma County
Spring has Sprung! Time to get out, enjoy the fresh air, and keep the kids entertained until the sun goes down! I have compilied a list of Farmer's Markets throughout Sonoma County- one can find fresh flowers, honey, and organic produce, along with local arts and crafts.
Cotati Farmer's Market
795-5508
La Plaza Park, Downtown Cotati, CA Thursdays, 4:30 PM - 7:30 PM; End of May through September 11th.
Duncans Mills Farmer's Market
865-1171
behind Blue Heron Restaurant Duncans Mills, CA Saturdays, 11:00 AM - 4:00 PM; Late May though October.
Gualala Farmer's Market
882-2474
Gualala Community Center Gualala, CA 95445 Saturdays, 10:00 AM - 12:30 PM, End of May through October. At the corner of Hwy 1 and Center Street in downtown Gualala.
Guerneville Farmer's Market
865-4171
Guerneville Town Square Guerneville, CA Tuesdays, 4:00 PM - 7:00 PM.
Healdsburg Farmer's Market - Saturday
431-1956
North & Vine Streets Healdsburg, CA Open 9:00 AM - 12 Noon; May through November
Healdsburg Farmer's Market - Tuesday
431-1956
Matheson Street on the Plaza Healdsburg, CA Tuesdays, 4:00 PM - 6:30 PM; June through October
Occidental Farmer's Market
793-2159
Downtown Occidental, in front of Howard Station Cafe Occidental, CA Fridays, 4:00 pm until dusk
Petaluma Farmer's Market
762-0344
Walnut Park - Petaluma Boulevard @ D Street Petaluma, CA 94952 Saturdays - 2:00 PM - 5:00 PM, May 24, 2008 - October 25, 2008
Santa Rosa Farmer's Market - Wednesday
524-2123
B Street @ Santa Rosa Plaza Santa Rosa, CA Wednesdays - 5:00 PM - 8:30 PM; May 21 through August 27. Location: B Street at the Santa Rosa Plaza and 4th Street between B & D Streets.
Santa Rosa Farmer's Market-Veterans Bldg
522-8629
Veterans Bldg East Parking Lot-1351 Maple Avenue Santa Rosa, CA Wednesday and Saturday, 8:30 AM-12 Noon Year round, Rain or Shine
Sebastopol Farmer's Market
522-9305
Downtown Plaza @ McKinley Street Sebastopol, CA Sundays - 10:00 AM - 1:30 PM; April through December
Sonoma Farmer's Market - Friday
538-7023
Depot Park @ First Street West Sonoma, CA Open Fridays - 9:00 AM - 12 Noon; Year 'round.
Sonoma Farmer's Market - Tuesday
538-7023
Sonoma Plaza on the Square Sonoma, CA Tuesdays - 5:30 PM - Dusk; April through October.
Windsor Farmer's Market
433-4595
Town Green in Old Downtown Windsor, CA Sundays - 10:00 AM - 1:00 PM; May through November and Thursday Nights 5-8 pm at the Old Downtown/Town Green.
Cotati Farmer's Market
795-5508
La Plaza Park, Downtown Cotati, CA Thursdays, 4:30 PM - 7:30 PM; End of May through September 11th.
Duncans Mills Farmer's Market
865-1171
behind Blue Heron Restaurant Duncans Mills, CA Saturdays, 11:00 AM - 4:00 PM; Late May though October.
Gualala Farmer's Market
882-2474
Gualala Community Center Gualala, CA 95445 Saturdays, 10:00 AM - 12:30 PM, End of May through October. At the corner of Hwy 1 and Center Street in downtown Gualala.
Guerneville Farmer's Market
865-4171
Guerneville Town Square Guerneville, CA Tuesdays, 4:00 PM - 7:00 PM.
Healdsburg Farmer's Market - Saturday
431-1956
North & Vine Streets Healdsburg, CA Open 9:00 AM - 12 Noon; May through November
Healdsburg Farmer's Market - Tuesday
431-1956
Matheson Street on the Plaza Healdsburg, CA Tuesdays, 4:00 PM - 6:30 PM; June through October
Occidental Farmer's Market
793-2159
Downtown Occidental, in front of Howard Station Cafe Occidental, CA Fridays, 4:00 pm until dusk
Petaluma Farmer's Market
762-0344
Walnut Park - Petaluma Boulevard @ D Street Petaluma, CA 94952 Saturdays - 2:00 PM - 5:00 PM, May 24, 2008 - October 25, 2008
Santa Rosa Farmer's Market - Wednesday
524-2123
B Street @ Santa Rosa Plaza Santa Rosa, CA Wednesdays - 5:00 PM - 8:30 PM; May 21 through August 27. Location: B Street at the Santa Rosa Plaza and 4th Street between B & D Streets.
Santa Rosa Farmer's Market-Veterans Bldg
522-8629
Veterans Bldg East Parking Lot-1351 Maple Avenue Santa Rosa, CA Wednesday and Saturday, 8:30 AM-12 Noon Year round, Rain or Shine
Sebastopol Farmer's Market
522-9305
Downtown Plaza @ McKinley Street Sebastopol, CA Sundays - 10:00 AM - 1:30 PM; April through December
Sonoma Farmer's Market - Friday
538-7023
Depot Park @ First Street West Sonoma, CA Open Fridays - 9:00 AM - 12 Noon; Year 'round.
Sonoma Farmer's Market - Tuesday
538-7023
Sonoma Plaza on the Square Sonoma, CA Tuesdays - 5:30 PM - Dusk; April through October.
Windsor Farmer's Market
433-4595
Town Green in Old Downtown Windsor, CA Sundays - 10:00 AM - 1:00 PM; May through November and Thursday Nights 5-8 pm at the Old Downtown/Town Green.
Thursday, March 18, 2010
The Good Ol' Days....
Dropping off the baby this morning at grandma's house, lo-and-behold guess what I see! My lunchbox from when I was a kid! No, not the "Strawberry Shortcake" one... but "The Smurfs!" How did she know it was my favorite? It really made my morning! I had to pry it out of my two-year old's hands.... but That's another story!
Subscribe to:
Posts (Atom)