The next phase of “Life in Danville” is upon us. After two and a half years of planning the Danville 2030 General Plan has been adopted and “Expresses the visions and goals of the Danville Citizens for the future of our community”. I moved to Danville from Colorado with my family in 1974. It was a sleepy little town then and even as it has grown many have strived to keep that “small town” feel. My memories of watching the town expand run deep. I attended Montair Elementary, Charlotte Wood Middle School(in its old … [Read more...]
Tri-Valley Mortgage & Market Update for May 24th
Economic News...For housing was oozing with positive data! Despite the constrained inventory of available homes both the Existing Home Sales and New Home Sales reports showed strong results. Durable Goods Orders beat estimates and Weekly Jobless Claims bounced back from last week’s disappointing report. Mortgage Markets...Mortgage rates continue to march higher during May. Mortgage Backed Securities are currently underperforming the Treasury market. The 10 Year Note is currently trading at 2.013% which is up from … [Read more...]
Danville’s Woodranch & Cimarron Hills Real Estate
Danville’s Woodranch & Cimarron Hills was developed from the late 1980’s to the early 1990’s by Ponderosa Homes & Davidon Homes. This executive community is located just east of the Town of Danville and comprises more than 430 homes. The neighborhood features a clubhouse, pool & spa facility, tennis courts as well as a generous play and picnic area. The community also boasts one of the best neighborhood garage sales in the area. Ponderosa Homes offered four floorplans which are located in the lower … [Read more...]
Tri-Valley Mortgage & Market Update for May 17th
Mortgage and Market Update Economic News...Back to a week of mixed data but the Stock Market continues to pretty much ignore negative news and move higher. This run to new highs has left mortgage rates under continued pressure. Retail Sales, while not robust, did show signs that the consumer is feeling more comfortable spending on discretionary items. The manufacturing sector contracted a bit in April with both production and capacity utilization easing. Weekly Jobless Claims jumped unexpectedly to 360K after being … [Read more...]
Tri-Valley Mortgage & Market Update for April 19th
Economic News...was light for the week but there was some on the housing sector and mortgage rates remained virtually unchanged from last week. The Housing Market Index was lower reflecting weaker conditions in the Northeast and South. The West led the way. Housing Starts were robust with the multi-family component making up the majority of the gains. Now....news on the California Housing Market courtesy of CAR....Home prices have reached the highest level since May of 2008. The median price in March was $333,380 … [Read more...]
Tri-Valley Mortgage & Market Update for April 5th
Mortgage and Market Update... Economic News...was a little weaker than expected. The ISM Manufacturing Index and Factory Orders results were mixed. While the headline figures were tepid there was some positive data hidden in the underlying numbers. Employment stats for the week were the real market driver. On Wednesday, the ADP Employment Report results predicted a weaker Employment Situation in Friday’s release. This came true with today’s announcement of 88,000 jobs created versus the 193,000 expected. The … [Read more...]
Blackhawk Country Club Real Estate Report
Well the first quarter of 2013 is over so it is time to take a look at how the real estate market in Blackhawk Country Club performed versus the same period a year ago. Blackhawk Country Club real estate is very active right now but that does not reveal itself in the number of homes sold (24 last year compared to 25 this year). Inventory levels have been on the decline all over the Bay Area which has prices increasing as well as a reduction in the number of days it takes to get a home into escrow. In 2013 the … [Read more...]
Tri-Valley Mortgage & Market Update for March 8th
Economic News...The stock market continues to roll on with the Dow Jones making new highs (four in a row this week). While the growth of equities is good news for the consumer and market in general, it traditionally comes at a cost to the debt markets. This morning’s Employment Situation report was “icing on the cake” for traders and has sent mortgage rates higher. Weekly Jobless Claims also continued to move lower and once again beat estimates. There was an interesting article in last week’s New York Times which … [Read more...]
680 Corridor Real Estate Watch
Wow...That is all I can really say about the current happenings in the 680 Corridor Real Estate Market. From Dublin to San Ramon, Danville to Blackhawk and Alamo to Walnut Creek 2013 Real Estate has started off sizzling...Just this week two homes I know of with 16 offers, a condo with 30 and numerous other properties with multiple offers are causing excitement for home sellers and frustration for home buyers. From a seller's perspective this is welcome news but with it comes a bit of confusion. Marketing times on … [Read more...]
San Ramon & Dublin 2012 Real Estate Market Watch
The Real Estate Market in Dublin and San Ramon certainly enjoyed an active 2012. The entire 680 Corridor Real Estate Market seemed to come alive at the end of the first quarter. Those of us on the front lines experienced the changes in advance of what would be more positive reporting on the state of the local housing markets as the year went on. The performance of Dublin and San Ramon will be the first two markets I focus on followed by: Danville, Blackhawk, Diablo, Alamo and Walnut Creek. Single Family home sales … [Read more...]
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