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Mortgage default notices, which are the first step in the foreclosure process, showed dramatic increases in the last quarter of 2006. In Contra Costa County, Notice of Default filings were up 179% compared to the same period the year before. In Alameda County, the filings were up 157%. Nationally, foreclosures rose more …
Another reminder why it is improbable that the Pleasanton area real estate market will experience significant price declines… In a report to be released this week, Silcon Valley has added significant jobs for the first time since the dot com bust of 2000, with 33,000 new jobs added in the year ending June 30, …
The high cost of housing in Pleasanton, the Tri-Valley, and the Bay Area are a constant source of conversation. But if you think it is expensive here, check out this 77 (yes, that’s 77) square foot apartment for sale in London for a mere $335,000. And it comes without electricity.
The closet-sized space in …
Lower oil and gasoline prices and favorable economic news propelled the consumer sentiment indes to its highest level in 3 years, providing more evidence that the U.S. economy is poised for more growth in 2007.
The preliminary January reading on sentiment by the Reuters/University of Michigan Surveys of Consumers rose to 98.0 from 91.7 at the …
After a surge in activity in November, the Pleasanton real estate market quieted down in December. Sales were down from November, which is to be expected given the holidays, and the inventory of available homes continued to decline after peaking in July.
In homes under $1 million, pending sales showed a decline in December after …
Real Estate bubble? Not likely. Friday’s report that the East Bay employment base surpassed the 1 million mark in December, making it the largest employment base in the Bay Area, shows continuing strength in the East Bay economy. San Francisco and the South Bay were both under the 1 million mark. …
Ok…here we are in the first few days of the New Year. Along with the deluge of diet and health club ads we get predictions for what this year will bring for the Pleasanton area and East Bay real estate markets. We know one thing for sure… there is no consensus. Some …
There is a continuing debate in the Real Estate industry regarding Days on Market (or DOM) and the practice of “relisting” homes for sale. In short, when you see DOM statistics currently, they are largely meaningless. The reason is that many realtors “relist” listings if they have not sold and have been on …