In California, areas near wineries appear to be hot for real estate. Luxury residential real estate in the state's Wine Country particularly is drawing attention for high home values. The values of these homes have increased by double digits since 2015.
Even though most people are part of a real estate transaction at some point in their lives, few know the difference between a real estate agent, a realtor and a real estate broker. Some use the titles interchangeably, but this is not accurate. Each title has a specific meaning and unique responsibilities under the law.
People in California may benefit from a new application launched by a real estate guru in the state's Bay Area. The company that has produced the app, called Reali, says that it is designed to help people to buy and sell residential real estate without the need for real estate agents. Instead, they complete their transactions through the app.
The state of California is currently dominating the luxury real estate market in the United States. On a recent index of luxury residential real estate properties, seven of the listed top 10 counties are in the Golden State. Of these seven counties, four are in the San Francisco market, while the others are San Mateo, Marin and Santa Clara.
According to the California Association of Realtors, 2017 will be a positive year for the inland markets in the state. Inland residential real estate markets are expected to thrive because homes along the state's coast are becoming less affordable. The number of houses sold is expected to increase between 2016 and 2017.