Economic News…was on the soft side this week. Retail Sales came in less than expected for the second consecutive month and Consumer Sentiment took a bit of a hit for the first two weeks of August. Weekly Jobless Claims ticked up in the most recent week as well. On a positive note, Industrial Production beat consensus and still shows that the manufacturing economy in the US is growing. This one report could not buoy the market though and with shrinking economic output in Japan and the Euro-Zone money was flowing … [Read more...]
Tri-Valley Mortgage and Market Update
Economic News…While all real estate is considered local the opposite is true for the mortgage market. Swings in the debt markets are influenced by global events, such as those happening in the Ukraine, as well as the severe winter that much of our country has had to endure. A “flight to quality” when fears persist leads to lower rates. On the flip side, a stock market which continues to move higher coupled with a brighter view of the overall economy pushes rates higher. Locally, inventory of homes for sale seems to … [Read more...]
Blackhawk Country Club Real Estate Report
2014 has arrived and it’s time to take a look at how the Blackhawk Country Club real estate market is doing. As with many other cities in the area Blackhawk is currently experiencing an inventory shortage of homes for sale. As of January 8th there are 18 homes in “active” status on the MLS. Of these 18 there are only 5 which have a list price under 1.5MM dollars. That is about as low as I have seen it in a long time. Using the same metric of 1.5MM dollars for homes which are “sale pending” there are only three. The … [Read more...]
Tri-Valley Mortgage & Market Update for November 15th
Economic News…was light in this holiday shortened trading week. Weekly Jobless Claims and Industrial Production were, for the most part, inline with estimates. Reporting next week should provide a little more direction as to the near-term momentum of interest rates. In the past year and a half we have experienced a “white hot” real estate market in the Bay Area. While there are some signs of cooling with higher mortgage rates, market conditions continue to remain in favor of the seller but is there a change coming? … [Read more...]
1530 Colchester Street in Danville
1530 Colchester Street is a beautiful home located in the Vercelli area of the Monterosso neighborhood in Danville. This executive residence features approximately 3242 Square Feet, 5 Bedrooms, 4 Bathrooms as well as a Bonus Room. The flexible floor plan also includes a main level Bedroom with Full Bath. Distinctive features are abundant throughout and include: Gourmet Kitchen Features: Granite Counters with Bullnose Edge 36" GE Monogram Professional Gas Cooktop w/ Designer Vented Hood 30" Oven Below … [Read more...]
24124 Zorro Court in Hayward
24124 Zorro Court is a cute home in a cul-de-sac location in the Fairview area of the Hayward Hills. This two bedroom one bath home enjoys a generous sized yard which affords comfortable outdoor living/entertaining. Improvements made in the past include dual-pane windows, flooring and kitchen design. Lots of potential here! This Short Sale received multiple offers in days. A 1st trust deed with Capital One and a 2nd trust deed with PNC Bank were negotiated successfully in under 90 days. Information updated … [Read more...]
Tri-Valley Mortgage & Market Update for 9.14
Economic News: The big market moving news this week was the announcement from the Federal Open Market Committee that it will purchase 40 Billion Dollars a month of Agency Paper (Fannie & Freddie Mortgage Bonds) with no expiration date set. This is the much anticipated Quantitative Easing known as QEIII. Additionally, the FED policy of low interest rates is expected to continue through the middle of 2015. This sent the stock market off to the races Thursday and mortgage rates went lower as well. The recent … [Read more...]
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