Home Seller: Friday, April 22, 2022

Week of April 22, 2022 DailyRepublic.com

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2 Friday, April 22, 2022 — DAILY REPUBLIC

ALL THINGS REAL ESTATE

Landlord has to prove he has lawful right to evict tenant Q: My husband and I are longtime readers, first-time writers.

We own three rental homes we have had for over 15 years now.

Since both my husband and I are retired, we have the time to do the management ourselves and, with only a few bumps in the road, haven’t had a lot of problems. That is until this year.

Earlier this year, we put a new tenant into one of the houses. We checked her credit score and did all of that, and she seemed to check out fine. The tenant paid first and last rent when she moved in, but hasn’t paid a penny since. That was almost five months ago. We finally got fed up and used a document preparation service to prepare a three-day notice for the tenant.

When she didn’t pay, we filed a lawsuit. The tenant then filed an answer to the lawsuit. It took us weeks to figure out what to do next since the people who did our paperwork aren’t lawyers and wouldn’t tell us anything more about what to do. But eventually, a woman at the courthouse showed us how to request a trial. We went to the court trial and the tenants showed up with a lawyer. He argued that our notice wasn’t right and that repairs were supposed to be made to the house and a bunch of other things. The bottom

Tim Jones line was the judge denied our lawsuit, let the woman stay, and told us we had to pay for her lawyer. I have since gotten a selfhelp book on evictions and read through the process. It looks to us like we did everything right.

Can you help shed some light?

A: You know that old saying about bringing a knife to a gunfight? It seldom turns out well for the blade-holder.

The truth is that evictions in California aren’t particularly complicated, though they’ve gotten more so as a result of the pandemic. But still, the paperwork is easier, faster and less technical than an ordinary superior court suit.

But the devil is in the proverbial details.

Eviction lawsuits, known as unlawful detainer (UD) lawsuits, constitute a unique form of court action.

Whereas a “normal” lawsuit may take a year or more to resolve through trial, the California Legislature recognized long ago that it wouldn’t be fair The Law Offices of

for a landlord to have to house a tenant for 12 months just to throw them out for not paying their rent.

So they devised a system which is, generally, both fast and arguably fair.

A landlord can file his lawsuit and actually get to trial in as little as three weeks. If he wins, a deputy sheriff can be at the property to remove the tenant in less than a week after trial.

But, and here’s the big “but,” all of the responsibility for doing everything right rests on the shoulders of the landlord.

This makes sense since the landlord is, in effect, trying to take away the tenant’s home and the process leaves the tenant with very little time to do something about it.

That means your threeday notice had to be perfect. It had to state exactly how much rent is owed, who to pay it to, the address where it could be paid, and a lot of other things.

Any problem with any part of the notice invalidates the entire lawsuit.

Additionally, the notice had to be served properly and properly attached to your lawsuit’s paperwork.

Then, of course, the lawsuit’s written complaint had to be perfect.

Timothy Jones

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I have no doubt a legal document preparer could fill out the papers correctly. But simply based upon your email I have no idea if they were prepared perfectly.

Let’s assume, for the sake of argument, the papers were filled out correctly and served properly.

When you go to court, the entire burden is upon you to prove you did everything correctly.

The tenant showed up with a lawyer. It’s likely the attorney raised a host of questions about your three-day notice with the expectation that you didn’t know enough about the law and the process to defend the quality of the notice.

In other words, once the tenant’s lawyer raised the question it was up to you to prove you did it right. Unlike small claims court, it isn’t the judge’s job to figure it all out without your help.

In fact, the judge’s job is to side with the tenant until the landlord can prove he has a lawful right to evict.

With regard to the repairs; that’s a far more complicated area of landlord-tenant law. I can guess the arguments were about something called “habitability” issues. In other words, did the house comply with certain health and safety codes?

But that’s a complicated legal and factual question.

See Jones, Page 9

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DAILY REPUBLIC — Friday, April 22, 2022 3

Higher mortgage rates aren’t stalling home prices – here’s why ZACH WICHTER

gelou said nearly 13 million households are expected to be priced out of homebuying this year. A year ago, a buyer would need approximately $61,400 in income to afford a median-priced home. Now, Evangelou said, a buyer needs around $82,000 to afford a home at the median price.

For millennials, the largest homebuying age group currently, that shifting ground has resulted in about a 15% dropoff in eligible buyers, Evangelou said,

G

BANKR ATE.COM

ail Maitland and her husband have been house hunting in the Syracuse, New York area since the fall. She tells Bankrate it’s been a dispiriting experience so far.

“It really is a shocking situation that we find ourselves in because we really have to make some deep concessions in what we want in a home,” she said in a recent interview. “Looking at the home prices over the last five years, the same home that’s going for $300,000 now went for like $190,000 in 2017.”

All across the country, home prices skyrocketed during the pandemic, rising an average of 20 percent between February 2021 and February 2022, according to CoreLogic.

While experts expect a variety of factors – including rising mortgage rates – to slow that growth this year, buyers still need to be prepared to compete in a strong seller’s market with prices that just keep rising.

What’s going on with mortgage rates?

Along with climbing home prices and tight inventory, one of the biggest variables hampering housing affordability right now is rising mortgage rates.

At the start of the year, average interest on a 30-year fixed loan was hovering around 3.5%. In recent weeks, however, that number has shot up to nearly 5%, driven by Federal Reserve policy and rising inflation.

But taking the long view: While a rise of 1.5 percentage

Is this a housing bubble?

DREAMSTIME/TNS

Here’s the long view: While a rise of 1.5 percentage points may be a lot for buyers to stomach right now, even a 5% mortgage rate is a relatively good deal. points may be a lot for buyers to stomach right now, even a 5% mortgage rate is a relatively good deal.

“Mortgage rates are still historically low,” said Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors.

“The historical average rate on a 30-year fixed mortgage is 8%.”

Evangelou expects inflation to taper off by the end of the year, and for mortgage rates to stabilize somewhat as a result. She predicts that the overall average mortgage rate for 2022 will be about 4.5%. As recently as February, the Mortgage Bankers Association also predicted that mortgage rates

would be between 4.0 and 4.5% for the majority of this year.

What does that mean for prices?

So far, prices keep going up even as mortgage rates rise, though more slowly than they did last year. Maitland has seen that trend firsthand in the six months she’s been in the housing market.

At the beginning of her search, “a house in one neighborhood would list for $230,000, (then) would go for $265,000,” she said. “Now houses in the same neighborhood are being listed for $240,000 to $260,000 and they’re going to go for $280,000 to $300,000.”

Most experts expected home prices to rise more slowly this year than last and are not surprised that they are continuing to increase, even with mortgage rates moving upward.

“The mortgage market is not at this point putting a ceiling on housing prices and housing demand,” said Susan Wachter, professor of real estate at the Wharton School of the University of Pennsylvania.

Wachter’s latest forecast predicts that home prices will rise around 8% to 12% this year, though that pace could slow even further if inflation tails off.

As property prices keep going up, more buyers are likely to be pushed out of the market. Evan-

Since 2008, any volatility in the housing market has led to worries about the possibility of a crash. Most experts say that’s unlikely in the current economic environment.

“That doesn’t mean housing prices don’t have the potential to fall; they do, and I’m certainly not forecasting this, but if we were in a recession that was a significant recession at the same time that interest rates were increasing, housing prices could flatten and then they could fall,” Wachter said, adding that the Fed is expected to tailor its policies in a way that will lead to a slow deceleration of home price growth, rather than an outright decline.

For homeowners, there is less fear of a bubble because prices ran up so much in the last few years that most have a significant equity cushion, even if property values do drop somewhat.

“I expect housing demand to cool off and the housing market to slow down in 2022.

This is a good thing – we want See Prices, Page 10

4 Friday, April 22, 2022 — DAILY REPUBLIC

Real estate transactions BENICIA

TOTAL SALES: 2 LOWEST AMOUNT: $1,033,000 HIGHEST AMOUNT: $1,800,000 MEDIAN AMOUNT: $1,416,500 AVERAGE AMOUNT: $1,416,500

121 East J Street #At - $1,800,000

03-17-22 [3 Bdrms - 3796 SqFt - 1890 YrBlt], Previous Sale: 05-20-15, $710,000

227 Martin Court - $1,033,000

03-14-22 [4 Bdrms - 2236 SqFt - 1973 YrBlt], Previous Sale: 08-25-15, $630,000

DIXON TOTAL SALES: 2 LOWEST AMOUNT: $560,000 HIGHEST AMOUNT: $680,000 MEDIAN AMOUNT: $620,000 AVERAGE AMOUNT: $620,000

221 South 8th Street - $560,000

03-17-22 [2 Bdrms - 1176 SqFt - 1957 YrBlt], Previous Sale: 10-03-18, $382,500

255 Holly Court - $680,000

03-14-22 [3 Bdrms - 2093 SqFt - 1990 YrBlt], Previous Sale: 00/1990, $179,545

FAIRFIELD TOTAL SALES: 17 LOWEST AMOUNT: $265,000 HIGHEST AMOUNT: $850,000 MEDIAN AMOUNT: $570,000 AVERAGE AMOUNT: $572,588

5208 Academy Drive - $795,000

03-14-22 [3 Bdrms - 2055 SqFt - 1996 YrBlt], Previous Sale: 02-04-09, $301,000

2141 Beaujolais Court - $460,000

03-17-22 [3 Bdrms - 1680 SqFt - 2002 YrBlt], Previous Sale: 02-19-02, $296,257

2229 Brighton Court - $595,000

03-14-22 [4 Bdrms - 2300 SqFt - 1971 YrBlt]

2160 Clipper Ship Drive - $710,000

03-15-22 [3 Bdrms - 1976 SqFt - 1985 YrBlt], Previous Sale: 08-17-18, $485,000

1502 Coolidge Street - $415,000

03-16-22 [3 Bdrms - 1912 SqFt - 1958 YrBlt], Previous Sale: 06-17-21, $241,500

2056 Diamond Way - $570,000

03-17-22 [4 Bdrms - 1405 SqFt - 1982 YrBlt], Previous Sale: 10-22-18, $408,000

525 Iowa Street - $525,000

03-17-22 [3 Bdrms - 1524 SqFt - 1955 YrBlt]

519 Louisiana Street - $390,000

03-16-22 [4 Bdrms - 1277 SqFt - 1954 YrBlt]

2853 Saint Andrews Road - $815,000

03-17-22 [4 Bdrms - 2705 SqFt - 2002 YrBlt], Previous Sale: 04-17-02, $340,879

1601 Vicksburg Drive - $485,000

03-17-22 [4 Bdrms - 2075 SqFt - 2004 YrBlt], Previous Sale: 12-09-11, $110,000

119 Villa Court - $265,000

03-15-22 [2 Bdrms - 968 SqFt - 1971 YrBlt], Previous Sale: 12-05-13, $75,500

514 Vineland Marina Court - $700,000 03-16-22 [3 Bdrms - 2023 SqFt - 2002 YrBlt], Previous Sale: 07-23-07, $427,000

1730 York Street - $410,000

03-18-22 [3 Bdrms - 1117 SqFt - 1955 YrBlt]

RIO VISTA TOTAL SALES: 7 LOWEST AMOUNT: $430,000 HIGHEST AMOUNT: $540,000 MEDIAN AMOUNT: $476,000 AVERAGE AMOUNT: $475,714

167 Alpine Drive - $430,000

03-18-22 [2 Bdrms - 1245 SqFt - 2015 YrBlt], Previous Sale: 03-13-15, $250,000

593 Deerfield Way - $445,000

03-18-22 [2 Bdrms - 1451 SqFt - 1999 YrBlt]

349 Forest Highland Drive - $476,000

373 Shadow Creek Drive - $439,000

03-16-22 [2 Bdrms - 1359 SqFt - 2003 YrBlt], Previous Sale: 03-07-17, $308,000

515 Twin Lakes Lane - $540,000

03-14-22 [2 Bdrms - 2178 SqFt - 2005 YrBlt], Previous Sale: 02-27-13, $240,000

SUISUN CITY TOTAL SALES: 9 LOWEST AMOUNT: $520,000 HIGHEST AMOUNT: $750,000 MEDIAN AMOUNT: $570,000 AVERAGE AMOUNT: $594,000

509 Arroyo Grande Lane - $600,000

03-18-22 [3 Bdrms - 1530 SqFt - 1987 YrBlt]

511 Arroyo Grande Lane - $570,000

03-18-22 [3 Bdrms - 1334 SqFt - 1986 YrBlt], Previous Sale: 07-25-17, $360,000

716 Breakwater Circle - $535,000

03-16-22 [2 Bdrms - 1120 SqFt - 2003 YrBlt], Previous Sale: 10-06-16, $330,000

1106 Kellogg Street - $750,000

03-15-22 [4 Bdrms - 1563 SqFt - 1965 YrBlt], Previous Sale: 09-12-11, $92,500

1509 La Mesa Court - $561,000

03-14-22 [3 Bdrms - 1665 SqFt - 2001 YrBlt], Previous Sale: 08-11-08, $236,500

1721 Newark Lane - $660,000

03-18-22 [5 Bdrms - 3512 SqFt - 1977 YrBlt], Previous Sale: 10-23-17, $554,000

743 Palermo Drive - $580,000

2533 Shorey Way - $415,000

3411 Springfield Drive - $850,000 1230 Swan Lake Drive - $759,000

112 Greenfield Avenue - $600,000

03-17-22 [4 Bdrms - 1887 SqFt - 1990 YrBlt], Previous Sale: 05-10-13, $250,000

120 Greenfield Avenue - $750,000

117 Republic Way - $580,000

VACAVILLE TOTAL SALES: 29 LOWEST AMOUNT: $262,000 HIGHEST AMOUNT: $1,025,000 MEDIAN AMOUNT: $554,000 AVERAGE AMOUNT: $589,672

855 Arbor Oaks Drive - $415,000

03-15-22 [3 Bdrms - 1293 SqFt - 1978 YrBlt], Previous Sale: 08-25-21, $285,000

500 Bass Drive - $395,500

03-17-22 [3 Bdrms - 1296 SqFt - 1968 YrBlt]

736 Blue Ridge Lane - $510,000

03-18-22 [4 Bdrms - 1851 SqFt - 1972 YrBlt]

633 Brazelton Circle - $710,000

230 Stonyford Drive - $515,000

03-17-22 [4 Bdrms - 1402 SqFt - 1971 YrBlt], Previous Sale: 07-02-07, $357,000

839 Studding Sail Street - $470,000

03-17-22 [3 Bdrms - 960 SqFt - 1974 YrBlt], Previous Sale: 02-07-07, $345,000

313 Sun Valley Way - $630,000

03-15-22 [3 Bdrms - 1616 SqFt - 1994 YrBlt], Previous Sale: 03-29-16, $385,000

536 Topeka Lane - $955,000

03-15-22 [4 Bdrms - 4087 SqFt - 2002 YrBlt], Previous Sale: 07-20-12, $412,000

848 Turquoise Street - $554,000

03-17-22 [3 Bdrms - 1147 SqFt - 1992 YrBlt], Previous Sale: 08-29-18, $424,000

03-18-22 [5 Bdrms - 2405 SqFt - 2011 YrBlt], Previous Sale: 10-13-11, $358,500

335 Weatherly Way - $540,000

03-16-22 [4 Bdrms - 1929 SqFt - 1952 YrBlt], Previous Sale: 06-27-00, $162,800

122 Yosemite Circle - $535,000

830 Camellia Way - $515,000

578 Dunsmuir Street - $750,000

03-15-22 [3 Bdrms - 1864 SqFt - 1997 YrBlt], Previous Sale: 09-06-20, $409,000

03-14-22 [4 Bdrms - 3296 SqFt - 2004 YrBlt], Previous Sale: 04-09-19, $614,000

03-18-22 [3 Bdrms - 1412 SqFt - 2014 YrBlt], Previous Sale: 11-05-14, $322,000

173 Summertime Lane - $520,000

03-18-22 [3 Bdrms - 1191 SqFt - 1998 YrBlt], Previous Sale: 07-27-17, $313,000

960 Saint Andrews Drive - $500,000

181 Florence Court - $600,000

255 Red Pheasant Drive - $850,000

374 Cooper School Road - $667,500

696 Rubier Way - $500,000

Previous Sale: 11-22-99, $215,000

03-18-22 [3 Bdrms - 1320 SqFt - 1975 YrBlt], Previous Sale: 10-17-18, $364,000

03-14-22 [2 Bdrms - 1856 SqFt - 2002 YrBlt], Previous Sale: 02-02-17, $360,000

03-14-22 [4 Bdrms - 2424 SqFt - 1989 YrBlt], Previous Sale: 05-24-99, $301,000

567 San Dimas Street - $575,000

341 Pintail Drive - $570,000

These are the local homes sold recently, provided by California Resource of Lodi.

The company can be reached at 209.365.6663 or CalResource@aol.com.

03-14-22 [4 Bdrms - 2183 SqFt - 1992 YrBlt], Previous Sale: 10-18-19, $492,000 03-14-22 [3 Bdrms - 1950 SqFt - 1975 YrBlt]

620 Edenderry Drive - $645,000

03-18-22 [4 Bdrms - 1663 SqFt - 1995 YrBlt], Previous Sale: 12-06-18, $465,000

2048 Hamstead Court - $645,000

03-18-22 [3 Bdrms - 1663 SqFt - 2009 YrBlt], Previous Sale: 09-04-13, $360,000

167 Hillview Drive - $1,025,000

03-16-22 [3 Bdrms - 1318 SqFt - 1972 YrBlt], Previous Sale: 08-26-10, $216,000 03-18-22 [2 Bdrms - 1345 SqFt - 2004 YrBlt], Previous Sale: 10-13-04, $356,172

VALLEJO TOTAL SALES: 36 LOWEST AMOUNT: $260,000 HIGHEST AMOUNT: $850,000 MEDIAN AMOUNT: $533,750 AVERAGE AMOUNT: $536,125

721 Alameda Street - $620,000

03-15-22 [4 Bdrms - 2440 SqFt - 1900 YrBlt], Previous Sale: 02-04-16, $331,000

03-17-22 [4 Bdrms - 1499 SqFt - 1973 YrBlt], Previous Sale: 01-30-19, $390,000 03-17-22 [3 Bdrms - 1796 SqFt - 1948 YrBlt], Previous Sale: 08-26-19, $288,500 03-18-22 [3 Bdrms - 1840 SqFt - 1942 YrBlt], Previous Sale: 02-11-21, $366,000

284 Honeydew Drive - $690,000

03-17-22 [3 Bdrms - 1504 SqFt - 1988 YrBlt], Previous Sale: 09-18-12, $270,000

632 Indiana Street - $559,000

03-18-22 [1 Bdrms - 840 SqFt - 1916 YrBlt], Previous Sale: 09-22-21, $348,000

1145 Kentucky Street - $525,000

03-14-22 [3 Bdrms - 1512 SqFt - 1923 YrBlt], Previous Sale: 06-07-13, $175,000

507 Lighthouse Drive - $270,000

03-18-22 [2 Bdrms - 840 SqFt - 1988 YrBlt], Previous Sale: 01-05-17, $190,000

100 Little River Court #2 - $488,000

03-14-22 [2 Bdrms - 947 SqFt - 1989 YrBlt], Previous Sale: 10-22-12, $118,500

1215 Loyola Way - $565,000

03-14-22 [3 Bdrms - 1512 SqFt - 1962 YrBlt], Previous Sale: 12-01-15, $300,000

143 Mariner Drive - $299,000

03-17-22 [1 Bdrms - 594 SqFt - 1986 YrBlt], Previous Sale: 10-08-08, $63,000

908 Mariposa Street - $525,000

03-15-22 [2 Bdrms - 1077 SqFt - 1942 YrBlt], Previous Sale: 07-20-18, $375,000

169 Marquette Avenue - $575,000

03-18-22 [5 Bdrms - 1560 SqFt - 1966 YrBlt], Previous Sale: 04-26-10, $197,000

730 Mini Drive - $330,000

03-16-22 [3 Bdrms - 1104 SqFt - 1961 YrBlt]

03-14-22 [4 Bdrms - 2886 SqFt - 1983 YrBlt], Previous Sale: 07-10-07, $865,000

2540 Alameda Street - $440,000

322 Moorland Street - $530,000

03-14-22 [3 Bdrms - 1415 SqFt - 1986 YrBlt], Previous Sale: 12-31-14, $317,000

1034 Calaveras Way - $475,000

1115 Ohio Street - $450,000

03-16-22 [3 Bdrms - 1247 SqFt - 1967 YrBlt], Previous Sale: 12-23-09, $195,000

330 Cimarron Drive - $620,000

356 Kendrick Lane - $650,000 503 Klamath Drive - $525,000 136 Lassen Circle - $425,000

03-15-22 [2 Bdrms - 1152 SqFt - 1964 YrBlt], Previous Sale: 01-23-13, $160,000

190 Manzanita Drive - $530,000

03-15-22 [4 Bdrms - 1628 SqFt - 1967 YrBlt]

1360 Marshall Road - $575,000

03-14-22 [4 Bdrms - 1402 SqFt - 1966 YrBlt], Previous Sale: 12-08-21, $430,000

5211 Midway Road - $635,000

03-14-22 [3 Bdrms - 1560 SqFt - 1940 YrBlt]

03-17-22 [2 Bdrms - 952 SqFt - 1942 YrBlt], Previous Sale: 06-27-03, $229,000 03-14-22 [2 Bdrms - 1168 SqFt - 1937 YrBlt], Previous Sale: 04-06-05, $370,000 03-18-22 [3 Bdrms - 1690 SqFt - 1990 YrBlt]

202 Cottonwood Drive - $260,000

03-15-22 [3 Bdrms - 1132 SqFt - 1954 YrBlt]

621 Del Mar Avenue - $570,000

03-17-22 [3 Bdrms - 1000 SqFt - 1993 YrBlt], Previous Sale: 04-01-16, $272,000

137 Sunrise Way - $537,500

1206 Elliott Drive - $523,000

03-18-22 [3 Bdrms - 1836 SqFt - 1931 YrBlt], Previous Sale: 11-08-10, $225,000 03-17-22 [3 Bdrms - 1322 SqFt - 1978 YrBlt]

03-15-22 [3 Bdrms - 1046 SqFt - 1962 YrBlt], Previous Sale: 01-17-18, $365,000

1231 Symphony Way #119 - $520,000

03-17-22 [4 Bdrms - 2410 SqFt - 1980 YrBlt], Previous Sale: 12-22-03, $382,000

719 Valle Vista Avenue - $705,000

03-15-22 [3 Bdrms - 1780 SqFt - 1938 YrBlt]

640 Virginia Street - $649,000

03-16-22 [2 Bdrms - 1038 SqFt - 1941 YrBlt], Previous Sale: 12-10-19, $430,000

38 Werden Street - $315,000

03-17-22 [2 Bdrms - 820 SqFt - 1941 YrBlt], Previous Sale: 08-15-17, $310,000

127 Winchell Court - $500,000

03-14-22 [4 Bdrms - 1474 SqFt - 1986 YrBlt], Previous Sale: 12-22-15, $304,000

314 Plantation Way - $531,500

111 Fairmont Avenue - $585,000

03-14-22 [4 Bdrms - 2117 SqFt - 2004 YrBlt], Previous Sale: 05-26-11, $248,000

100 Rainier Circle - $310,000

03-14-22 [3 Bdrms - 1384 SqFt - 1994 YrBlt], Previous Sale: 08-07-15, $300,000

797 Rambleton Drive - $750,000

03-18-22 [3 Bdrms - 1573 SqFt - 1990 YrBlt],

962 Pine Street - $420,000

03-15-22 [4 Bdrms - 2767 SqFt - 1998 YrBlt], Previous Sale: 06-01-98, $281,738

119 Erin Drive - $650,000

03-18-22 [2 Bdrms - 1566 SqFt - 1964 YrBlt], Previous Sale: 07-20-10, $142,500

03-16-22 [3 Bdrms - 1149 SqFt - 1955 YrBlt], Previous Sale: 07-24-14, $245,000

27 Saint Francis Drive - $720,000

1949 Northwood Drive #1 - $262,000

03-18-22 [3 Bdrms - 1417 SqFt - 1977 YrBlt], Previous Sale: 00/1991, $154,000

03-14-22 [2 Bdrms - 1168 SqFt - 1920 YrBlt]

121 Pacheco Drive - $525,000

03-18-22 [3 Bdrms - 1364 SqFt - 1953 YrBlt]

6430 Eagle Ridge Drive - $850,000

03-15-22 [2 Bdrms - 2967 SqFt - 2002 YrBlt], Previous Sale: 09-30-02, $436,472

03-18-22 [2 Bdrms - 780 SqFt - 1972 YrBlt], Previous Sale: 12-15-08, $45,000

03-18-22 [2 Bdrms - 1114 SqFt - 1940 YrBlt], Previous Sale: 03-14-19, $325,000

220 Fairmont Avenue - $560,000 125 Fairview Avenue - $500,000

03-14-22 [2 Bdrms - 1513 SqFt - 2010 YrBlt], Previous Sale: 02-19-14, $410,000 03-14-22 [3 Bdrms - 1361 SqFt - 1939 YrBlt], Previous Sale: 10-30-21, $480,000 03-16-22 [4 Bdrms - 2889 SqFt - 1890 YrBlt] 03-14-22 [3 Bdrms - 988 SqFt - 1977 YrBlt], Previous Sale: 09-11-20, $199,000 03-18-22 [3 Bdrms - 1267 SqFt - 1961 YrBlt]

DAILY REPUBLIC — Friday, April 22, 2022 5

OPEN HOU

OPEN HOU

SE

SE

Open House Saturday 11-2PM 2757 Barbour Drive, Fairfield

Open House Sunday 12-2PM 512 Fortuna Court, Suisun City

West side of Fairfield, 3 bedroom, 2 bathroom. New interior and exterior paint.

New laminate flooring. New carpet in the bedrooms. Open kitchen with granite counter tops. Newer vinyl dual pane windows through out. Come check it out! $625,000

Beautiful 4bd+office/2ba w/OWNED solar!

2019 Renovated: permitted addition, repainted in&out, floors, lighting, newer roof, new HVAC & insulation. Updated eat-in kitchen w/quartz counters, newer cabinets, double oven, glass tile backsplash+. $649,000

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(707) 301-5993

ON THE MARKET FOR THIS WEEKEND April 23rd & 24th

Dave Franzoni & Associate

REALTORS® BRE#01748267

(707) 410-9003

Price Reduced!

Summit @ Liberty-New Active Adult Community 2259 Revival Lane, Rio Vista

$1,498,500

Lincoln model, 3 bd/2ba w/den. Laminate flooring, blinds, granite counters w/ stainless appliances. Pantry, bar for entertaining. Professionally landscaped w/ low maintenance plantings. Paid solar & great amenities, pool, gym & tennis courts. $558,000

Ralene Nelson

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6 Friday, April 22, 2022 — DAILY REPUBLIC

SOLANO REAL ESTATE SCENE

Take control of mortgage by paying extra each month A homeowner can change the term of their mortgage by simply paying extra each month because traditional mortgage loans allow the borrower to pay down their principle as they wish.

For example, a $600,000 mortgage at a 5% fixed rate would require a principal and interest payment of $3,221 per month.

If the borrower sent in an extra

Jim Porter

$50 each month, the loan would be paid off in less than 29 years.

If this same borrower wants the loan paid off in 20 years, they

need to ignore the monthly mortgage statement and send in an extra $739 each month and take control of their amortization.

Here is a funny little tip: Nowadays, most borrowers have an impound account to pay the property taxes and insurance monthly. If a borrower is supposed to pay $3,911.33 per month to a mortgage company for their PITI, it’s not a terrible idea to

pay an even $4,000 each month because the extra $88.67 goes straight to principle and reduces the term of the loan, and it is easier to write the check each month because writing out all those numbers on a personal check is a pain in the neck for those of us that have trouble writing with tiny font.

For borrowers in their 30s and 40s who were fortunate enough

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See Porter, Page 9

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to purchase or refinance over the past two years into a 30-year fixed rate below 3.5%, most certified financial planners, CPAs and financial advisers would recommend paying the minimum required mortgage payment each month and invest $500 to $1,000 monthly because historically the American stock

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DAILY REPUBLIC — Friday, April 22, 2022 7

Mortgage rates march higher, stoked by rising Treasury yields THE WASHINGTON POST What a difference a year makes. A year ago, you could find a 30-year fixed rate mortgage for under 3%. Today, it is over 5%.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average increased for the seventh week in a row, rising to 5.11% with an average 0.8 point.

(A point is a fee paid to a lender equal to 1% of the loan amount. It

is in addition to the interest rate.)

It was 5% a week ago and 2.97% a year ago. The 30-year fixed rate hasn’t been this high since February 2011.

Freddie Mac, the federally chartered mortgage investor, aggregates rates from around 80 lenders across the country to come up with weekly national averages. The survey is based on home purchase mortgages.

Rates for refinances may be different. It uses rates for high-

quality borrowers with strong credit scores and large down payments. Because of the criteria, these rates are not available to every borrower.

The 15-year fixed-rate average climbed to 4.38% with an average 0.8 point. It was 4.17% a week ago and 2.29% a year ago.

The five-year adjustable rate average grew to 3.75% with an average 0.3 point. It was 3.69% a week ago and 2.83% a year ago.

“The Freddie Mac fixed

rate for a 30-year loan kept marching up this week, following the continued surge in the 10-year Treasury,” George Ratiu, manager of economic research at Realtor.com, said.

“Markets are also pricing in a likely 50 basis point hike at the central bank’s next meeting on May 4th, so we expect mortgage rates to continue to rise.”

A sharp sell-off of Treasurys has caused yields to skyrocket.

And because mortgage rates are

REAL ESTATE Ramon Santos

Apply now @ www.primeres.com/rsantos

closely tied to the movement of long-term bonds, it is worth paying attention to the 10-year Treasury yield’s rapid rise.

The yield on the 10-year Treasury is fast approaching 3%, a level not seen since December 2018. This week, it jumped to 2.93% on Tuesday before closing at 2.85% on Wednesday. Yields move inversely from prices.

The speed of the 10-year yield’s See Mortgage, Page 10

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8 Friday, April 22, 2022 — DAILY REPUBLIC

ON GARDENING

The early butterfly gets the verbena; do you have them planted?

S

bena Royale Plum Wine, wallowtails were early at The Garden which offers one of the Guy’s house this rarest orchid colors in year. Thank goodness I the garden. had Superbena verbeNow before you start nas in full bloom. It is as thinking you have missed if they had been given the verbena boat, know the task of announcthat my Superbena ImpeNorman ing the arrival of spring rial Blue was planted in Winter and the butterfly season.

April 2021 and it is in On March 22, I phofull bloom. My Supertographed an eastern tiger bena Stormburst and Superbena swallowtail on Superbana Whiteout are 3 years old.

Royale Chambray verbena.

Another remarkable aspect to Your first thought might this year’s verbena bloom is that be, if it was in full bloom on March 13, nine days before March 22 when did I plant it? my first swallowtail nectarThe answer is in October. That ing photo, our low temperature is also when I planted Superreached 20-21 degrees. Another

Swallowtail of the year at Norman Winter’s house,was photographed March 22 feeding on Superbena Royale Chambray.

RIGHT: The first Spicebush Swallowtail was seen April 10 feeding on Superbena Royale Plum Wine verbena.

Celebrating 40 Years Of Solano County Real Estate Experience.

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See Winter, Page 11

You can fi fin nd me on Facebook, but I prefer face to face.

NORMAN WINTER/TNS PHOTOS

ABOVE: The first Eastern Tiger

freeze occurred the next day.

My verbenas, which are planted in both containers and in the ground, showed there was no difference in their cold hardiness.

Your first inclination would have been that those in containers would have been hurt badly, but it was simply not the case.

As a horticulturist on the speaking circuit, I mostly come face to face with garden club members and Master Gardeners who tend to be seasoned, if you know what I mean. Most of them have grown verbenas whether they are Superbenas or

Call for a private consultation on how I can help you with your home.

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(707) 803-2733 Emmy.Greene@KappelGateway.com www.SolanoHomesToday.com

DAILY REPUBLIC — Friday, April 22, 2022 9

Solano County Listings: Homes for sale PRICE

ADDRESS

CITY

BEDS

BA (F/H)

SQ. FT.

$675,000 $929,000 $590,000 $590,000 $615,000 $680,000 $775,000 $230,000 $259,995 $428,000 $615,000 $738,000 $755,000 $798,000 $869,000 $899,000 $949,950 $1,100,000 $1,779,500 $545,000 $565,000 $569,900 $570,000 $595,000 $799,000 $399,500 $500,000 $530,000 $535,000 $540,000 $545,000 $550,000 $565,000 $579,000 $599,000 $599,000 $599,500 $599,500 $620,000 $625,000 $635,000

248 Gisela Drive 116 Mountview Ter 385 Calmace Drive 625 Cypress St 1430 Cornell Drive 1400 Valley Glen Dr 1665 Austin Dr 85 El Toro Ct 113 Villa Ct 712 Utah St 3023 Roadrunner Dr 744 Timberline Pl 4146 The Masters Dr 5220 Eturscan Dr 3143 Pine Valley Dr 3119 Pine Valley Dr 2152 Fieldcrest Ave 2901 Capilano Ct 4666 Green Valley Lane 1958 Lavender Pl 1020 Towhee Wy 822 Emperor Drive 810 Greenhead Wy 413 Donaldson Ct 539 Bella Vista Dr 315 Acorn Ct 861 Turquoise St 2061 Southwood Dr 201 Moscato Ct 312 Robin Cir 154 Longview Dr 340 Grape St 159 Raleigh Dr 869 Clifton Way 130 Providence Pl 260 Heritage Ln 118 Marna Dr 512 Davis Street 500 Del Mar Circle 718 Oakmeade Dr 251 Gentry Cir

AmCanyon Benicia Dixon Dixon Dixon Dixon Dixon Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Rio Vista Suisun City Suisun City Suisun City Suisun City Suisun City Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville

3 4 3 3 4 4 4 2 2 3 4 4 3 5 3 4 4 4 4 3 3 4 3 3 5 2 2 4 3 3 4 3 3 3 4 3 3 2 4 4 4

2/0 3/0 2/1 2/0 2/1 2/1 2/0 1/1 2/0 1/0 2/1 2/1 2/1 3/0 2/1 3/0 2/1 3/0 3/0 2/0 2/0 2/1 2/0 2/0 4/0 2/0 2/0 1/1 2/1 2/0 2/0 2/0 2/0 2/0 2/1 3/0 2/0 2/0 2/1 2/1 2/1

1094 0.25 2288 0.11 1664 0.17 1650 0.13 1711 3184 2036 0.203 2426 0.209 1000 0.021 968 0.01 1034 0.14 1846 0.058 1923 0.15 2449 0.157 2070 0.140 2303 0.143 2492 0.143 3156 0.261 3064 0.27 3679 2.33 1635 0.13 10492 0.158 1764 6098 1440 0.13 1542 0.138 2358 0.9 1066 969 0.10 1160 0.18 1631 0.088 1192 0.106 1432 0.13 1294 1604 0.16 1312 0.13 1851 0.26 1711 0.07 1495 0.169 1006 0.15 1787 4978 1755 0.13 1840 6534sf

Jones From Page 2 I am a big fan of readers resolving their disputes in small claims court because it’s quick, cheap and logistically simple.

But you can’t go to small claims court to do an eviction.

UDs are also quick, and even relatively cheap, but the technical complexities can be used by a tenant’s attorney, or just a knowledgeable tenant, against a

LOT/AC

non-attorney landlord.

On this one, I have to recommend that you use a law firm to evict your tenant. Feel free to call a property management company or two and ask them who they use for their evictions.

Tim Jones is a real estate attorney in Fairfield. If you have any real estate questions you would like to have answered in this column, you can send an email to AllThingsRealEstate@ TJones-Law.com.

MLS #

322024308 322031987 322024597 322032460 322024581 322034116 322030974 322028635 322027318 322032688 322027531 322033402 322024038 322029051 322028931 322033461 322033269 322031443 322024244 322033212 322026614 322027774 322033208 322032008 322030702 321100364 322033602 322027048 322006862 322032526 322029845 322032924 322032134 322031812 322031668 322027821 322030859 321111961 322019100 322021041 322019321

OFFICE #

PRICE

ADDRESS

CITY

BEDS

BA (F/H)

707-448-1158 707-448-6119 707-448-1158 707-446-0600 707-689-0392 707-446-0600 707-446-0600 707-864-0205 707-448-6119 707-864-0205 707-864-0205 707-864-0205 707-864-0205 707-864-0205 707-864-0205 707-864-0205 707-864-0205 707-864-6101 707-864-6101 707-448-6119 707-864-0205 707-689-0392 707-864-0205 707-864-0205 707-448-6119 707-446-0600 707-448-6119 707-446-0600 707-446-0600 707-446-0600 707-448-6119 707-446-0600 707-446-0600 707-448-6119 707-446-0600 707-448-6119 707-446-0600 707-448-1158 707-689-0392 707-446-0600 707-446-0600

$635,000 $639,997 $665,000 $695,000 $699,997 $735,000 $790,000 $899,000 $1,500,000 $75,000 $499,000 $729,950 $799,000 $895,000 $1,995,000

664 Sweet Bay Cir 579 Chateau Way 261 Loch Lomond Dr 606 Roscommon Pl 125 Maywood Ct 924 Iron Dr 636 Rutgers St 467 Royal Tern Dr 3940 Solar Hills Dr 407 San Carlos Dr 406 Swan Wy 411 Rickover St 3931 Central Ln 8457 Pleasants Valley Rd 26518 County Road 34

Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vallejo Vallejo Vallejo Winters Winters Winters

2 4 4 3 4 4 5 5 4 2 3 3 3 2 3

2/0 1659 0.188 3/0 1832 0 2/0 1807 0.14 3/0 2262 0.13 3/0 2248 0.16 3/0 2040 0.25 3/0 2266 0.27 5/0 4082 0.14 3/1 3423 2.04 1/0 500 2/0 1020 0.16 2/1 2203 0.096 2/0 1782 5.52 1/0 22.16 5/0 3135 20.0

CITY

LOT/AC

LOTS & LAND

PRICE

$459,000 $30,000,000 $1,250,000 $500,000 $1,870,000 $15,000,000 $359,950 $895,000 $548,000 $324,999 $379,500

ADDRESS

7215 Pleasants Valley Rd 6388 Leisure Town Rd 8362 Auction Ln 360 Butcher 2300-11 E. Monte Vista Mankas Gibson Canyon 8457 Pleasants Valley Rd 746 Bridleridge 2939 Mix Canyon Rd 3062 Mix Canyon Rd

MULTI-UNIT

PRICE

$735,900

ADDRESS

549-551 Pacific Avenue

Vacaville 6 Vacaville 289.66 Dixon 2.16 Vacaville 1.10 Vacaville 3.66 Fairfield Vacaville 1.55 Winters 22.16 Fairfield 1.03 Vacaville 24.42 Vacaville 40 CITY

Fairfield

MOBILE/FLOATING

PRICE

$174,000

ADDRESS

260 American Canyon Rd #103

COMMERCIAL

PRICE

$599,500

ADDRESS

512 Davis Street

Porter From Page 6 market has produced an annual rate of return of 8% to 10% on average, which is obviously better than paying down a 2.75% fixed-rate loan.

This “pay the minimum and invest the difference” strategy only pays off if the monthly investment actually happens and the homeowner not only maximizes their 401(k) and IRA contributions each year but also

CITY

UNITS/BEDS

2

CITY

American Canyon

Vacaville

SQ. FT.

LOT/AC

SUB TYPE

MLS#

AGRI AGRI COMM COMM COMM RESA RESA RESA RESL RESL RESL

SQ. FT.

2479

2/0

TYPE

OFFC

invests monthly into a diversified brokerage portfolio.

The key to financial security is getting to a point at 65 where your mortgage is either paid off or the monthly obligation has no effect on your ability to live comfortably for the balance of your life.

Jim Porter, NMLS No. 276412, is the branch manager of Solano Mortgage, NMLS No. 1515497, a division of American Pacific Mortgage Corporation, NMLS No. 1850, licensed in California by the Department of Financial

OFFICE #

707-446-0600 707-448-6119 707-448-6119 707-448-6119 707-448-6119 707-448-6119 707-448-6119 707-448-6119 707-446-0600 707-864-0205 707-864-0205 707-864-0205 707-446-0600 707-446-0600 707-448-6119 OFFICE #

322010137 322030818 322014651 321098151 321102156 21825708 22029146 321000406 321003452 321007519 321095229

707-446-0600 707-446-0600 707-448-6119 707-448-6119 707-448-6119 707-864-0205 707-446-0600 707-446-0600 707-864-6101 707-446-0600 707-446-0600

MLS #

OFFICE #

321043438 707-689-0392

BEDS BA(F/H) SQ. FT

2

MLS #

322026755 322026823 322034176 322032489 322026790 322025722 322032956 322027703 322025927 322029813 322032252 322028120 322032322 321006700 222005840

1400

MLS #

OFFICE #

322028768

707-448-6119

MLS #

OFFICE #

321111889

707-448-1158

Protection and Innovation under the CRMLA / Equal Housing Opportunity. Jim can be reached at 707-449-4777.

THE DAILY REPUBLIC DELIVERS. CALL 707-427-6989

10 Friday, April 22, 2022 — DAILY REPUBLIC

Mortgage From Page 7 ascent has been striking.

“We saw a major sell off of mortgage-backed securities (MBS) and Treasurys (TSY) in the secondary market,” Robert Heck, vice president of mortgage at Morty, an online mortgage marketplace, wrote in an email. “The selloff in bonds (when prices drop, yields go higher) year-to-date is one of the sharpest moves higher in recent history, rivaling the bond crisis of 1994.”

The 10-year yield has gone up more than a percentage point since early March. Investors have been selling bonds over fears about inflation. They are concerned about the Federal Reserve increasing the size of its interest rate hikes in an effort to control rising prices.

“Inflation remains rampant but it’s also important that rates don’t hit a level that makes it highly restrictive for people to purchase homes,” Heck wrote.

“It’s even possible that rates

Prices From Page 3 to see a healthier and more predictable housing market,” Evangelou said, predicting about a 5% decrease in sales this year.

“There’s going to be a drop in home sales in 2022 compared to 2021, but compared to 2019, it will still outperform.”

What can homebuyers do?

Maitland said after months of shopping around, she’s hardened herself against the hyper-competitive market. She’s learned you need to be ready to make concessions on your must-have list, as well as be prepared to max out your budget and waive contingencies in your contract.

It’s especially important to find

could hit a ceiling over the next few weeks or months and then remain steady or even come back down from there.”

Rising mortgage rates are starting to have a chilling effect on the housing market. The National Association of Realtors said this week that existing-home sales were down 2.7% last month from February and are 4.5% lower than a year ago. But Heck said concerns about a housing bubble oversimplify what’s happening.

“The actions the Fed takes are designed to stamp out inflation and preserve the overall health of the economy, not tank the housing market,” he wrote. “Of course, if inflation were to spiral out of control and the Fed took more aggressive action, rates could rise to a level at which they could send demand and affordability into a steep downward spiral.”

It is not only rising rates that are making home loans more expensive. As of April 1, the Federal Housing Finance Agency implemented a fee increase for some Fannie Mae and Freddie Mac home loans. Mort-

gages that the FHFA considers “high balance” or mortgages for a second home are now more expensive.

High-balance loans are mortgages above the conforming national baseline limit ($647,200). Fees for high-balance loans increased between 0.25 and 0.75%, tiered by loanto-value ratio. Fees for second home loans increased between 1.125 and 3.875%, tiered by loanto-value ratio.

Bankrate.com, which puts out a weekly mortgage rate trend index, found 70% of the experts it surveyed expect rates to move higher in the coming week.

“Another week of Treasurys moving up, another week of rising mortgage rates,” Ralph McLaughlin, chief economist at Kukun, said.

Meanwhile, mortgage applications were down again last week.

The market composite index – a measure of total loan application volume – decreased 5% from a week earlier, according to Mortgage Bankers Association data.

The refinance index fell 8% and is 68% lower than a year ago. The purchase index slid 3%.

a knowledgeable agent to help guide you to closing.

“It doesn’t always happen to people that you find your perfect home, but that’s OK. You’ll find a place you can make your home,” Maitland said. “You don’t want to wait for your perfect house – I don’t think that’s realistic.”

Wachter added that with mortgage rates rising slower than inflation right now, a fixed-rate mortgage is a good investment.

“It actually can be an interesting bet on future inflation.

If inflation heats up a lot, then a 30-year fixed-rate mortgage is the best place to be,”

Wachter said. “If rates decrease, fine – they’ll just refinance. Why not buy now when mortgage rates are 5%?

Bottom line Rising mortgage rates so far are doing little to put downward pressure on home prices, but strong demand and a persistent housing shortage means the cost to buy property keeps going up, albeit more slowly than a year ago. Buyers need to be ready for the crazy market they face, and make sure they fully understand their budget – and be prepared to adjust it or make compromises – before entering the fray.

Online headlines:

DailyRepublic.com

The refinance share of mortgage activity accounted for 37.1% of applications.

“The recent surge in mortgage rates has shut most borrowers out of rate/term refinances, causing the refinance index to fall for the sixth consecutive week,” Joel Kan, an MBA economist, said in a statement. “In a housing market facing affordability challenges and low inventory, higher rates are causing a pullback or delay in home purchase demand as well.

Home purchase activity has been volatile in recent weeks and has yet to see the typical pick up for this time of the year.”

Kan added: “The ARM share of applications reached 8.5% last week, its highest level since 2019. As ARM loans typically have lower rates than fixed rate mortgages, and as this spread has widened, ARM loans have become more attractive to borrowers already facing home purchase loan amounts close to record highs.”

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DAILY REPUBLIC — Friday, April 22, 2022 11

Winter

RIGHT:

Superbena verbenas are used

by Norman Winter throughout the landscape mixed in both containers and flower beds.

From Page 8 another variety.

My fear is the young gardeners may be passing by these verbenas, unaware of not only their blooming possibility, but their ability to bring in pollinators, including hummingbirds.

They also may not realize the potential of a return performance for a year or two maybe more. Even if treated as an annual, their value to the garden is worth every penny spent.

Superbenas need a lot of sun with a soil that drains freely.

This is one of the reasons they are so easy in containers. Good lightweight potting mixes by their nature drain well. Once you have prepared your planting beds as such, you will have one of the best blooming ground covers you can buy.

Superbenas need to be in an active state of growth to get the most riotous blooming performance. This requires you to get to know them, feed them occasionally and cut them back to generate new growth. Leaving woody, tired stems sprawling in the garden or hanging over the rim of your containers will rarely yield the performance you desire.

If Superbenas could speak,

BOTTOM RIGHT:

This Eastern Tiger Swallowtail was seen on the rare colored Superbena Royale Plum Wine.

BOTTOM LEFT:

This Giant Swallowtail, the largest butterfly in North America, was seen feeding on Superbena Royale Chambray on April 1.

they would tell you they were created to grow and bloom.

Cutting out tired stems and giving a light fertilization will reward you with lush green growth and weeks of blooms.

Superbena verbenas are vigorous plants that will grow 12 inches tall and up to 36 inches wide. The Superbena Royale group was bred to be compact and perform in smaller containers. They will also reach close to 12 inches tall but with a spread up to 24 inches. This was my first time planting Superbena Royale verbenas in October and I was thrilled they tolerated my zone 8a winter temps so well.

Both the Superbena and Superbena Royale verbenas have become an integral part of my container designs as I combine them with Superbells calibrachoas, Supertunia petunias, Lemon Coral sedum and all colors of heuchera. Spring is here, which means butterfly season is here too, so don’t procrastinate for a minute. Get the award-winning Superbenas incorporated into your containers and landscape beds.

Norman Winter is a horticulturist, garden speaker and author of “Tough-as-Nails Flowers for the South” and “Captivating Combinations: Color and Style in the Garden.”

Follow him on Facebook @ NormanWinterTheGardenGuy.

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12 Friday, April 22, 2022 — DAILY REPUBLIC

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