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...]
Tri-Valley Mortgage & Market Update for January 4th
Economic News...As we rang in the New Year all eyes were on the Congress & President to avert the so-called “Fiscal Cliff”. A deal was struck but look out for more volatility as the United States has reached the debt ceiling and what looks to be a contentious battle lies ahead in the next few months. Good news for those who are having to go the short sale route. Mortgage Debt Tax Relief was extended for another year. California’s Homeowner Bill of Rights, which was signed last year by Governor Jerry Brown, has … [Read more...]
Bay Area Mortgage & Market Update for December 21st
Mortgage and Market Update Economic News: 2012 is rolling to an end and the news for this week was not “Naughty” but “Nice”. The Housing Market Index reported its 8th straight monthly gain and builders reported the best conditions in five years. Housing Starts were revised lower for the previous two months but that news certainly seems to be offset by the sentiment of home builders. Existing Home Sales were up 5.9% with supply dwindling again. Third Quarter Gross Domestic Product was revised upward to an annualized … [Read more...]
11471 Silvergate Drive in Dublin
A wonderful chance to own 11471 Silvergate Drive in West Dublin's Briar Hill neighborhood. This 3 Bedroom (3rd & 4th bedrooms combined. Can be restored to a 4 bedroom home) 2.5 Bath residence boasts a great layout, lots of light, views, large .27 acre lot, pool, bonus room, storage and so much more! Another Briar Hill home sold quickly and with multiple offers! [property_details details="1"] … [Read more...]
Blackhawk Country Club Summer 2012 Real Estate Report
Summer feels long since past with the weather we have had lately but it was really not that long ago. Fall began a little more than a month ago so I decided to take a look at the Blackhawk Country Club real estate market this summer versus last. Interestingly, home sales were down over 2011 which really does not jive with the rest of the market. While inventory of homes for sale remains a problem in the area I am not going to worry too much since this is just a four month snapshot. The jump in the median home price … [Read more...]
Summer’s Gone…How Did The Danville Real Estate Market Perform?
I am definitely feeling the chill in the air lately but the Danville real estate market remains warm to hot. Let's take a look at how Danville Real Estate did this Summer versus last. The numbers across the board were positive. Single Family Home sales fared very well with a double digit increase in units sold and a nice rise in the median home price. The time it took to get a house into escrow remained steady. Attached Homes also boasted increases in units sold and price but the more dramatic number is in the … [Read more...]
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