Guidant Realty

When Governor Newsom originally came into office, one of his big promises was “As Governor, I will lead the effort to develop the 3.5 million new housing units we need by 2025 because our solutions must be as bold as the problem is big". We are less than 2 years from that date with no material increase in the historical statewide build rate of 80,000 - 100,000 unit per year. Today, less than 20% of the 3.5 million units have been built.

In his recent State of the State address, housing was conspicuously absent. Ranking 49th of 50 states in units per capita, it is easy to see how this issue has spiraled into every area of affordability in California. Solving this will not be easy, but no matter who is at the helm, housing should be a "Top 3" issue in this state until it is resolved.

This is not a personal attack on Governor Newsom, but an educational notice to our residents. Achieving that goal was never realistic under the current legislative environment, but the focus to regroup and correct was paramount and we have now lost that. Every legislator needs to be pressured to make real housing solutions a priority. Partisan politics continue to erode the foundations of housing, from abuse of the California Environmental Quality Act (CEQA), to over-empowering bad tenants, and creating expensive forced retrofit and new-build requirements.

Here is a link to the California Association of Realtors response to the housing omission this year...

C.A.R. responds to Gov. Newsom's State of the State letter to the Legislature Homeownership remains the best way for working people to attain economic and housing security, and generational wealth.

If you are considering rooftop solar, pricing is about to drastically change, read our Guidant article below to find out more...

New California Solar Pricing In Effect April 14, 2023 Pricing for rooftop solar energy placed on the grid by California homeowners is about to change, requiring a significantly larger up-front investment for systems to pencil out. Homeowners have until April 13 to retain rights to pricing under the current Net Energy Metering (NEM) 2.0 program. This ar...

REAL ESTATE & COVID-19: With our company's involvement at so many levels within the real estate industry, we are getting questions from both clients and peers on "how the Coronavirus (COVID-19) will affect our industry. First, things are changing rapidly. For the most up-to-date information, calling us is best. In the meantime, here are the most notable items:

First, several counties (mostly in the Northern California Bay Area) have issued “Shelter in Place” notifications. In real estate, we are told this likely bans showings and open houses. While the only local county to issue the same is Yolo (covering Davis, Woodland, West Sacramento, etc.), a notice can come from any county at any moment. Yesterday, Governor Newsom indicated that he might like to see a statewide notice.

Second, just this morning the California Association of Realtors has released a new form to deal with uncertainty in this environment. Unlike most commercial contracts, our Residential Purchase Agreement does not address Force Majeure (disaster, war, etc). This form attempts to close part of that gap and most notably has the ability to delay the close of escrow if services become unavailable or to return a Buyer’s deposit if they no longer qualify for a loan due to the financial impacts of the Coronavirus.

Uncertainty creates opportunity. Savvy Buyers are still on the hunt and there are still Sellers that must sell. Just make sure you are anticipating and planning for possible events along with properly protecting yourself in a transaction. Done right, deals that benefit both Sellers and Buyers will continue during the outbreak. Make sure you have an agent that knows what to even consider!

MORTGAGE RATE ALERT! Economic uncertainty often improves mortgage rates for homes, increasing buying power or the opportunity to reduce monthly housing costs allowing the average American to cash in as effectively as anyone in the "Top 1%" - here is what you need to know...

RATE ALERT! Uncertainty Creates Opportunity for Homeownership MORTGAGE RATE ALERT! Economic uncertainty often improves mortgage rates for homes, increasing buying power or the opportunity to reduce monthly housing costs allowing the average American to cash in as effectively as anyone in the "Top 1%" - here is what you need to know...

Roseville's new Events/Sports Center is almost ready!

Roseville event center on track for February opening - Sacramento Business Journal It’s not even built yet, but several sports tournaments and one major event are already booked to be held in Roseville’s new event center next year.