Welcome or Register

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

Welcome

THE BOSCHKEN GROUP

Serving All of Your  

Davis - El Macero - Woodland

Real Estate Needs

Davis CA Real Estate - El Macero CA Real Estate - Woodland CA Real Estate

Yolo County California

Single Family Homes - Multi Family Properties, - Condos - Townhouses - Investment Property - Commercial Real Estate - Land

Feel free to look through this site to discover the Northern California communities of Davis, El Macero, Woodland, Dixon, Sacramento, Yolo County, Solano County, and Sacramento County. These online tools offer direct access to up-to-the-minute properties for sale in your area. Featuring extensive community information, consumer links, school information, city parks, sports organizations and community activities, free real estate reports, answers to frequently asked real estate questions and information about Davis and surrounding area real estate within one easy source!

 

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

 

STEVE BOSCHKEN

Steve Boschken is not your typical Real Estate Agent. He received his BS degree in Environmental Design & Urban Planning from The University of California, Davis, and his MBA from the University of Maryland. With over 25 years’ experience as a Real Estate Broker, a licensed General Building Contractor, licensed Electrical Contractor, and a licensed Locksmith under his belt, Steve is an extraodinary Reatlor. 

  Steve, and his wife Kit, also own Absolute Mortgage Company, which has loan operations in Davis, Redlands, and San Diego. By owning their own mortgage company, Steve has the expertise and ability to handle all of his client’s loan transactions in-house. Making Steve’s services truly a one-stop operation for his clients. For the legal and banking industry, Steve is one of the select few in the State to be a Receiver for The Superior Courts of California. Often the courts will appoint Steve during a Judicial Foreclosure case to take over, manage, and dispose of commercial and multi-family properties as they work their way through the court system. 

With three kids through college, and gainfully employed, Steve and Kit have three Flat Coat Retrievers that they train, show, and use as Therapy dogs for UC Davis students & staff, and patients at Sutter Davis Hospital, Steve is a family man, and a Davis citizen who cares about his clients and his community. He does everything in his power to make his clients happy, comfortable, and at ease during all aspects of their real estate transaction. A true Real Estate Renaissance man of our time, Steve Boschken is a Real Estate Broker like no other.

Contact Steve at steve@boschken.com and find him on

Facebook @ https://www.facebook.com/boschkenrealestate


CA BRE # 01158604

JAMES BOSCHKEN

James Boschken is a Davis native, having attended St James Elementary School and Jesuit High School while growing up, as well as attending the University of California, Davis after high school. While at UC Davis, James was an NCAA Collegiate Water Polo Athlete, and majored in both Psychology and Economics. Much of James’ business experience was obtained by working for Boschken Inc., the family real estate, property management, and construction businesses. This is where he learned to manage real estate sales and construction operations. James has worked and managed all aspects of real estate and construction projects throughout his tenure with the company. Being well versed in both Commercial and residential real estate, he is particularly good at analyzing real estate valuations and opportunities. In addition to being a real estate agent, James is also a State of California appointed Notary Public. James has recently joined Steve and Kit Boschken, prominent Davis real estate Brokers at Coldwell Banker Select Real Estate.

James is available to assist you with all your Real Estate needs. Find him on Facebook at  

https://www.facebook.com/pages/James-Boschken-Real-Estate/402761759897002

Please contact him at james@boschken.com or (530) 220-4663. 

 


CA BRE # 01954242

BOSCHKEN PROPERTIES

Kit Boschken manages local property management company, Boschken Properties. Davis is a fast-paced town that has a lot of movement due to the university with students and professors coming and going. "Turnover" is the period at the end of August and beginning of September where renters are moving out and moving in, often time overlapping with each other's time frames. Kit knows all about Davis, it's rental community, and is always there to help. She knows the best companies around town for repairs, and maintenance, and will never leave you hanging. Kit is also an expert home baker and manages to transform local California fruit into delectable treats that Steve Boschken adores. 

Contact Kit at kit@boschkenproperties.com, or find Boschken Properties on Facebook @ https://www.facebook.com/pages/Boschken-Properties/227276110794067

as well as the website with tenant and owner services: www.boschkenproperties.com

 

Real Estate News!!!

Latest Realty News from NAR

Second Quarter Single Family Metro Market Prices

The National Association of REALTORS® quarterly home prices increased again this quarter. Prices continue to drift up this quarter with 90% of the markets showing home price appreciation. We can also look at the top metro areas whose price grew the fastest. Housing affordability is down and for first time buyers qualifying incomes are rising along with the down payment on a new home. Knowing the mortgage rates and the qualifying incomes will help potential homeowners figure out what metro areas are affordable for them. Here is a look at the metro areas with the strongest price growth of the second quarter 2018, as well as a look at the yearly change in median existing single-family home prices for the top five highest and lowest growth metro areas of the second quarter 2018.

These are the top five single-family metro areas with the highest home price appreciation:

These are the bottom five single-family metro areas that had a decline in home price appreciation:

These are the most expensive metro areas for the second quarter 2018:

These are the least expensive metro areas for the second quarter 2018:

Improving Housing Supply Conditions

NAR identifies metro areas with the highest deficit in home construction,, as well as those areas where the housing supply appears to be sufficient to meet the demands of home buyers. The Monthly Housing Shortage Tracker is an index, which compares how many permits are issued relative to the number of new jobs. The higher the index the greater the housing shortage since it shows that more jobs have been created relative to the number of new homes constructed. Based on the historical average, two permits are issued for every new job. However, the highest value for the index in August was 14.8 in the New York metro area. This means that for every 15 new jobs a single-family unit is permitted. In contrast, a single-family unit is permitted for every new job in the Houston metro area.

The “usual suspects” are at the top of the list. It is noteworthy that, among the top ten metro areas with the most severe housing shortage, seven are located in California.

Dashboard 5

The visualization below allows you to see how many permits are issued for every new job for 178 metro areas. Click on a metro area on the map and see the number of permits issued and new jobs created in the last three years.

HST-blog

Comparison to a Year Earlier

Compared to a year earlier, the index dropped in more than 70 percent of metro areas including areas with serious housing supply issues. A lower index means that more single-family permits are issued per new job than a year earlier. However, more single-family permits does not necessarily result in a lower index value. For instance, single-family permit issuance increased in Salinas, CA from 738 units (Jun/2014-Jun/2017) to 802 units (Jun/2015-Jun/2018). Nevertheless, the index increased because job creation was stronger than the issuance of single-family permits.

The average index[1] dropped from 4.0 to 3.5 in August 2018. For instance, New York had the highest value for the index in August 2018 at 14.8. However, the index was even higher at 17.0 a year earlier. Thus, while a single-family permit was issued for every 17 new jobs in 2017, a single-family permit has been issued for every 15 new jobs in 2018. Currently, a single-family permit is issued for every 13 new jobs in the San Jose metro area in 2018 compared to 15 new jobs in 2017.

The visualization below shows whether housing supply conditions are improving or not. In the blue areas the index dropped (improving housing supply conditions) while in the orange areas the index increased (tighter housing supply) compared to last year.

Dashboard 1

 


[1]The average was calculated based on the indices of these 178 metro areas.

Manufactured Homes: Affordable, Safe, and Decent Housing for Aspiring Homeowners

This blog highlights the findings of a May 2018 Realtor® University Center for Real Estate Studies[1] research paper that found that manufactured homes[2] have increasingly become safer, with customized designs that give them the look of site-built homes, while being highly affordable at half the cost of site-built homes. For 6.6 million households, manufactured homes are an affordable homeownership choice. The lower monthly housing costs makes homeownership more affordable—especially for lower-income households, retirees who may want to spend less on housing costs, and households who want to purchase an affordable second home for vacation use.

Manufactured Homes: An Affordable Homeownership Option  

As of 2016, there were 6.6 million owner-occupied manufactured/mobile homes in the United States, 4.7 million of which were owner-occupied, a homeownership rate of 71 percent. The largest concentration of manufactured homes, as a share of the total housing stock, are in West Virginia, South Carolina, Mississippi, and New Mexico, with manufactured/mobile homes accounting for 15% to 25% of the housing stock. They are also more common in North Carolina, Kentucky, Alabama, Louisiana, Arkansas, Arizona, Wyoming and Montana, accounting for 10 to 14 percent of housing stock.

As of May 2018, 98,000 manufactured homes[3] were shipped in all states, an increase from the 92,900 shipments in 2017[4]. About 5,000 or more homes are shipped to Texas, Alabama, Florida, Louisiana, and Michigan.

Manufactured homes are an affordable option, especially for the lower income groups.  Based on 2016 latest data, the median household income among manufactured homeowners was $43,900, about half the median household income among all homeowners.  The median household income of manufactured homeowners is about the same as the median income of all renters, at $42,500. This indicates that renters can transition to homeownership without significant change in housing expenses via ownership of a manufactured home, if other factors that homebuyers look for are also met (e.g., accessible transportation, presence of a good school, other neighborhood qualities).

Manufactured homeowners typically spent $534 on housing cost, or about half the $1,220 monthly housing cost among all homeowners[5]. Because of the lower housing costs, only 13 percent of manufactured homeowners pay more than 30 percent of income on rent (cost-burdened). Meanwhile, 46 percent of renters are cost-burdened.

The head of households in mobile/manufactured homes tends to be slightly older than household heads in single-family units, at 57 years for owner-occupied mobile homes and 43 years old for renters. In many states in the Northeast, West Coast, and Florida, the median age among households living in mobile/manufactured homes was 65 to 74 years old in 2016.

Manufactured homes are also owned as vacation homes. Vacant mobile/manufactured homes made up 18 percent of mobile/manufactured homes as of 2013, and half of these units were seasonally vacant. Eleven percent of mobile/manufactured homes were also owned as extra units, and of these extra units owned, 60 percent were used for recreational purposes[6].

Cost Comparisons: Manufactured Home, Existing- and New Site-Built Homes[7]

Manufactured homes are much cheaper to manufacture compared to the cost of constructing site-built homes. According to estimate of the U.S. Census Bureau’s Manufactured Housing Survey, the average cost per square foot of manufactured housing in 2017 was $50.42, about half the cost a newly built home at $111.05.[8]  Industry experts attribute the cost savings to the efficiencies of the factory-building process arising from economies of scale related to purchasing large and standard quantities of materials, and a controlled construction environment that avoids traditional home construction problems such delays relating  to weather and damage to building products and materials.

A comparison of the housing costs for owning a manufactured house, an existing home, and a new-site built home shows is shown below based on 2017 prices (see Appendix 1 below for detailed calculations).  On average, owners of manufactured homes who also own the land and file for conversion of the manufactured home as a real estate (on owned land) and are able to obtain mortgage financing expect to pay $1,300 per month (Option 3), which is lower than the monthly housing expenses compared to all other home ownership options: chattel financing for a manufactured home on leased land ($1,400), mix of chattel and mortgage financing for a manufactured home on privately owned land ($1,800), mortgage financing for an existing home on owned land ($2,100), and mortgage financing for a new site-built home ($2,800). There is a small difference ($300) in the monthly housing cost between mortgage financing for an existing home (Option 4) and a chattel financing of a manufactured home on owned land (Option 2) because the higher interest cost for a chattel, about 525[9] basis points higher than a mortgage partially offsets the cost advantage from purchasing a cheaper manufactured home.

For a household earning the median household income of $60,527 in 2017, the housing expenses for mortgage financing of a manufactured home on privately owned land amounts to 26 percent of income, making this the most affordable housing option. The next best affordable option is chattel financing of a manufactured home on leased land, with the debt to income ratio is 28 percent. Housing expenses for other options (Option 2, 4,5) are more than 30 percent of income, which makes a household cost-burdened .

Compared to manufactured home owners who lease the land (Option 1), manufactured home owners who own the land and obtain mortgage financing (via conversion of property as real estate) will be ahead by $155,900 in income and price appreciation gains after 20 years. Households who obtain chattel financing for a manufactured home on privately owned land (mortgage-financed) will be ahead by $35,900 compared to manufactured home owners who lease the land (Option 1).

The analysis shows that households will be financially better off owning a manufactured home on one’s own land and obtaining mortgage financing for the real property (house and lot).  However, most manufactured home owners do not title their property as real property. Although 68 percent of manufactured homes were sited on private property (32 percent in communities)— which could enable them to be titled as real property and hence eligible for mortgage financing— only 17 percent were titled as real property.  One reason is that manufactured homes are titled as personal property by default and homeowners must file for conversion of the chattel as a real property, and it appears that most manufactured homeowners do not opt to convert for a variety of reasons, perhaps relating to the perceived difficulties about the conversion process, or because they do not want to pay the higher property tax rates. More survey-based research on this area is needed to understand why manufactured homeowners don’t choose to convert their personal property into a real property.

Manufactured Home Regulations are Designed to Ensure Safety and Livability

The standards regulating the manufacture, transportation, and installation of manufactured homes have evolved and are vastly different from the poorer quality mobile/manufactured homes of the past.  The seminal regulation was the 1974 National Manufactured Home Construction and Safety Standards Act (the Act) that was enforced on June 16, 1974 by the Department of Housing and Urban Development (Title 24 Code of Federal Regulations Part 3280, Manufactured Home Construction and Safety Standards, or The Standards). The Standards pertained to body and frame construction requirements, thermal protection, plumbing, heating/cooling, fuel, electrical systems, and the transportation system. Under the Standards, all units shipped out of a manufacturing facility required a certification label, also called a “HUD label” or “red tag”, that certifies that the manufacturer built the home according to the Standards.[10]  Manufactured home standards include regulations that govern wind, roof load, and thermal standards specific to zones delineated by HUD. For example, manufactured homes going to wind II zone areas (typically hit by hurricanes) need to be built to withstand higher wind speeds, while manufactured homes going to areas that get heavy snowfall in the winter need to have roofs that can support a heavier amount of snow.[11]

Following the 1976 Standards, subsequent regulations in 1994[12], 2000[13], and 2010[14] further strengthened the product safety and quality, licensing and education of manufacturers and installers, and the dispute resolution for consumer complaints. These standards have resulted in little damage to manufactured homes caused by hurricanes, such as Charley (2004)[15], Katrina (2005)[16], and Dennis (2005).[17]

The damage assessment for Hurricane Katrina in Florida states:

The assessment found that of the 3,291 mobile homes located in the mobile home parks visited, only 12 were destroyed or were not repairable. Half of these homes were damaged by wind and the other half were damaged by falling trees. Generally, the homes damaged by wind had their roofs blown off. All the damaged homes were older homes built in the 1960s, 70s or 80s. None of the homes built after the 1994 revisions of HUD’s mobile/manufactured home construction standards received any significant damage. There was substantial flooding of some mobile home parks with water up to 12 to 18 inches. The water did not, however, get into the homes. No homes moved from their foundations.

New Manufactured Homes Can Be Designed to Look Like Traditional Homes

Today’s manufactured homes have designs and amenities that give them the look and feel of traditional site-built homes, from Cape Cod to Victorian styled-homes.[18] The Manufactured Housing Institute notes that floor plans range from basic to elaborate, with “vaulted or tray ceilings, fully equipped kitchens, walk-in closets and luxurious bathrooms”. Exterior siding can be “metallic, vinyl, wood or hardboard and stucco.” New roof designs are available, such as “pitched roofs with shingles and gabled ends.” Upgrades include “awnings, patio covers, decks, site-built garages and permanent foundations.”[19]

The total unit can vary in size, depending on whether the manufactured home is single-section (500 to 1200 square foot), double-section (1,000 to 1,200 square feet) or triple or multi-section (2,000+).  Thus, the double- or multi-section homes can be as big as traditional site-built homes. Customers can choose from a variety of floor plans to make the total unit resemble the look of a site-built home. Below are new manufactured home designs.

                                       Source: Jacobsen Homes

                                   Source: Clayton Homes

                                   Source: Champion Homes

    Source: Clayton Homes

 

In summary, tighter design and installation standards after 1976 have increasingly made manufactured housing safer yet affordable compared to site-built housing, at about half the cost of constructing a site-built home.  Manufactured homes are an affordable path to homeownership especially among lower-income households, as well as households seeking to purchase second homes for vacation or investor use. Another market may be retirees, who may be looking to spend less on monthly housing expenses rather than build equity.  Households who own the land and who opt to convert the title of the manufactured home from personal property (chattel) into real estate have the opportunity to build more wealth compared with households who own the manufactured home and rent the land (as in land lease parks), with the wealth gains arising from lower mortgage financing costs (compared to chattel financing) and from the appreciation of the land.

 

Appendix: Cost Calculations


[1] The Journal of the Center for Real Estate Studies, REALTOR® University, Vol 6. No.1, May 2018. https://realtoru.edu/wp-content/uploads/2018/07/NAR_RU_JCRES_Vol6No1_WebVersion_final.pdf.

The views in this research paper are of the author’s and should not viewed as the adopted policy of the National Association of REALTOR®.

[2] A manufactured home means a structure, transportable in one or more sections, which in the traveling mode is 8 body feet or more in width or 40 body feet or more in length or which when erected on-site is 320 or more square feet, and which is built on a permanent chassis and designed to be used as a dwelling with or without a permanent foundation when connected to the required utilities, and includes the plumbing, heating, air-conditioning, and electrical systems contained in the structure. Source: Government Publishing Office, Electronic Code of Federal Regulations, https://www.ecfr.gov.

[3] Seasonally adjusted annual rate

[4] U.S. Census Bureau. with data provided by the Institute for Building Technology and Safety. The total may include shipments to Canada and Puerto Rico.

[5] In estimating the annual mobile/manufactured home costs, the U.S. Census Bureau includes personal property taxes, land or site rent, registration fees, and license fees on all owner-occupied mobile/manufactured homes. The U.S. Census Bureau calculates the “selected monthly owner cost” as the sum of payment for mortgages, real estate taxes, various insurances, utilities, fuels, mobile/manufactured home costs, and condominium fees.

[6] 2013 American Housing Survey National Tables, Table C-00-AH.

[7] The calculations in this blog are revised/updated calculations from the calculations in the May 2018 study.

[8] U.S. Census Bureau, Manufactured Housing Tables, Cost and Size Comparisons

[9]Consumer Financial Protection Bureau, Manufactured-housing Consumer Finance in the United States, September 2014, https://files.consumerfinance.gov/f/201409_cfpb_report_manufactured-housing.pdf. The Urban Institute estimate the difference between a chattel and mortgage rate at 441 basis points (Laurie Goodman and Bhargavi Ganesh, More Mortgages for Manufactured Housing Could Mean More Affordable Homes, Urban Institute, Housing Finance Policy Center for at https://www.urban.org/urban-wire/more-mortgages-manufactured-homes-could-mean-more-affordable-housing)

[10] Department of Housing and Urban Development, HUD Labels (Tags), https://www.hud.gov/program_offices/housing/rmra/mhs/mhslabels

[11] Department of Housing and Urban Development, Model Manufactured Home Installation Standards, https://www.hud.gov/sites/documents/225HUD.PDF

[12] Government Publishing Office, Federal Register / Vol. 63, No. 91 /Tuesday, May 12, 1998 /Rules and Regulations, Department of Housing and Urban Development, 24 CFR Part 3280, Manufactured Home Construction and Safety Standards: Metal Roofing; Interpretative Bulletin I–2–98, https://www.gpo.gov/fdsys/pkg/FR-1998-05-12/pdf/98-12341.pdf

[13] Department of Housing and Urban Development, Recent Program Activity, https://www.hud.gov/program_offices/housing/rmra/mhs/faqs72010

[14] U.S. Government Publishing Office, 24 CFR 3282 – Manufactured Home Procedural and Enforcement Regulations, https://www.gpo.gov/fdsys/granule/CFR-2010-title24-vol5/CFR-2010-title24-vol5-part3282

[15] Institute for Building Technology and Safety,http://www.aresconsulting.biz/publications/HurricaneCharley04.pdf

[16] Department of H Florida Highway Safety and Motor Vehicles, Mobile/Manufactured Home Damage Assessment from Hurricane Katrina, 2005. https://flhsmv.gov/pdf/dealerservices/mhdamage/hurricanekatrinareport.pdf

[17] Florida Department of Highway Safety and Motor Vehicles, Mobile/Manufactured Home Damage Assessment from Hurricane Dennis, July 20, 2005, https://www.flhsmv.gov/html/reports_and_statistics/mhd_reports/Hurricane%20Dennis%20Report.pdf

[18] Realty Times, “Mobile homes: Single Wide or Double Wide”, April 28, 2017,

https://realtytimes.com/advicefromagents/item/1001800-mobile-homes-single-wide-or-double-wide

[19] Manufactured Housing Institute, Manufactured Housing in the United States, http://www.manufacturedhousing.org/wp-content/uploads/2017/10/2017-MHI-Quick-Facts.pdf

View All

North American Title Company is centered around many strengths - an absolute commitment to the customer, a talented and dedicated staff, and superior underwriting skills, among others. Further, North American's affiliation with LENNAR Corp brings many additional assets to our customer; recognized financial strength, national support services, and an unrelenting commitment to the real estate and homebuilding industries. We're excited about our future and want you to be a partner with us.

 

Steve Boschken is a licensed locksmith and your local and reliable source for rekeying, key copying, and repairing and replacing locks.

Contact Lock and Key for the best quality service in Davis. 

steve@boschken.com

(530) 756-7000/(530) 756-7653

Steve Boschken is a licensed building contractor and general electrician. Hiring Boschken Construction is your one stop shop in home construction: everything from small to large remodels. Steve Boschken has many renovations under his belt, including his own home. He knows where to get the best products and knows the most established businesses to help make your home just what you envision.

Contact Boschken Construction for inquiries. 

(530) 756-7653/steve@boschken.com

License #637863

 

Quick Search


view all


Any

Any

No Min.

No Max.
agent photo
Steve Boschken, MBA
Broker Associate
505 2nd Street

Davis, CA 95616
Phone: 530-756-7000
Email: steve@boschken.com
CA BRE# 01158604

Your mortage needs met! 

http://absoluteloan.com/

Testimonials


"My wife and I were coming up on our 1 year wedding anniversary, and decided
we wanted to buy a house. I asked around about Realtors and had been
connected to someone who knew their stuff, but to whom I did not feel the
personal connection that I did when Steve Boschken and I started working
together. I handed him a stack of paperwork, and in a little over a month he
handed me the keys to our beautiful dream home. While working with Steve, he
became a friend who shared in our personal journey toward obtaining our
house. From sitting in his office, to picking us up and showing us houses,
to constantly keeping us updated on the process--he offered the perfect
balance between being personable and professional. He is a man who is
dedicated to his craft, and his family…Steve Boschken is a California Real
Estate Super Hero!"

 Chay McCambell
"I chose to work with Steve Boschken because he knows Davis and is a good person and hard worker. When I look back at this Real Estate experience, Steve's responsiveness and attention to detail stand out most in my memory. I can't think of one thing he could have done differently; it was such a positive experience. Steve Boschken is excellent! Ms. Sharon Tobar
"There is nothing I could have asked to be different with Steve Boschken. Steve is great!!! He is very patient, easy going and very knowledgeable. I had a really good experience working with Steve. Liza Hazard
"From the first time I spoke to Steve on the phone, I knew he was going to be great. We didn't know anyone (contractors etc.) in Davis. Steve was very instrumental in guiding us to some great subs. There is absolutely nothing I would change about my experience. Steve is warm, friendly, above all extremely knowledgeable. He KNOWS Davis." Fred and Pam Ross
View All
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu