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It took longer to sell a Napa County home and fewer homes were sold in 2023. Home prices also declined. What does that mean for buyers and sellers? ....
The number of Napa County residents faced with losing their homes to foreclosure fell to record lows in 2020, according to Napa County assessor data. Only eight homes were lost to foreclosure in 2020, compared to 23 in 2019 and 27 in 2018. To compare, at the height of the recession in 2008, 749 Napa County homes were lost to foreclosure. Napa Valley real estate expert Logan Songer of Coldwell Banker Brokers of the Valley isnât surprised. âThe housing market has been one of the silver linings of this pandemic,â he said. There could be two factors at play, said Songer. One, a statewide eviction and foreclosure moratorium meant to protect Californians impacted by COVID-19. ....
A year from now, what will your Monday morning look like? After your umpteenth consecutive weekend hugging your mother, your friends and complete strangers in poorly ventilated spaces, do you picture yourself pouring coffee in your thermos to begin your bleary-eyed commute into work? Or are you about to begin your bleary-eyed all-staff on the morning Zoom? The answers to those questions will depend on your job, your income level, your employer and, if youâre lucky enough, your preference. They will also dictate whether the next decade of Californiaâs housing affordability crisis looks radically different from the last. ....