Archive | June, 2016

County home prices on rise ^^^!

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Who wouldn’t want to live here?

For the past 48 months, Sonoma County’s home prices have consistently remained higher from a year earlier. That trend held in May when the median single-family home price rose to $580,500, according to The Press Democrat’s monthly housing report, compiled by Pacific Union International senior vice president Rick Laws. The price increased 6.5 percent from a year earlier. The last time home prices were higher 12 months earlier was in May 2012. Four years ago the median price was $329,500, and the housing market was just starting a rebound that continues to this day.

“We have been consistently recovering,” Laws said Monday. “And we are in recovery.” Buyers last month purchased 428 single-family homes in the county. The total was 5.9 lower than a year earlier. But to-date sales for 2016 are nearly identical to the same period for the past two years.

The housing market remains a place where large numbers of county residents can’t afford a home and many potential buyers face obstacles when seeking property, agents and brokers say. Such buyers include those looking for condominiums and smaller homes and those who need to sell a property in order to buy another one.

If you’re a buyer competing for houses priced under $500,000, “you are struggling,” said Vicki Roberts, an agent with Bertolone Realty in Santa Rosa. This week Roberts offered a home in Rohnert Park for $479,000 and quickly received five offers and plenty of inquiries. “I’ve been swamped with calls,” she said. The county’s median price now stands just 7 percent below the record high of $619,000 set in August 2015. That peak came in the midst of a national housing bubble made possible by risky residential lending.

By Robert Digitale
The Press Democrat

Leadership in Energy & Environmental Design

LEED Green Building

LEED (Leadership in Energy & Environmental Design) is world’s most widely used green building rating program, and the number of LEED certified buildings is expected to grow at a strong pace. Globally, there are more than 1,400 hotels participating in LEED representing 638.7 million square feet. Of that, there are more than 300 LEED certified hotels comprising nearly 109.2 million square feet of space.

LEED Green Building hotel“Across industries we are seeing an increase in consumer demand toward sustainability practices, and no industry is better poised to meet these demands than hospitality,” said Rick Fedrizzi, CEO and Founding Chair, USGBC. “This growing sector is rapidly adopting green buildings because owners and developers want to enhance their triple bottom line—people, planet and profit. LEED is a transformative tool that positively impacts the quality of our built space by creating a healthier, more sustainable environment that saves money and resources.”

Hotels consume natural resources at an extraordinarily high rate as they are occupied 24 hours a day, seven days a week. With more than five billion square feet of space in the United States alone, there is an enormous opportunity for the industry to transform the impact of the built environment.

According to a recent study by McGraw Hill Construction, green construction in the hospitality sector has increased by 50 percent from 2011 to 2013 and now represents 25 percent of all new construction in the sector today. USGBC’s [Find] recent Green Building Economic Impact Study also found that across industries, green construction is outpacing that of traditional construction and is poised to create more than 3.3 million U.S. jobs and $190.3 billion in labor earnings by 2018.

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