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Lennar Corporation, a nationwide builder based out of Florida, has annuounced that they will now install solar power systems on all homes built in the Bay Area, beginning with their new subdivision, Milano in San Ramon. This is the result of a partnership with the California Energy Commission, which is attempting to make homes …
Statistics released for the the 4th quarter show that the San Francisco - Oakland - Fremont metro area, which includes Pleasanton and the Tri-Valley, has the nation’s second highest median home price at $733,500. The San Jose - Sunnyvale - Santa Clara had the nation’s most expensive median home price, comming in at $760,000. …
A funny thing happened on the way to the real estate bubble burst party… it has been cancelled. The real estate market in the greater bay area has shown surprising strength early this year, and some (cautious) renewed optimism seems to be seeping in. Inventories are for the most part low, and the …
The Federal Reserve Board, that mysterious panel of rich bankers who manage the nation’s money supply, remains concerned about inflation. The Consumer Price Index figures for January indicated a rise of .2%, which was double what analysts were expecting. This was a reminder that inflation fears still drive interest rates, and if continued …
A lot has been written about last year, and the softness in the Pleasanton real estate market. Yes, the market was soft, and prices did slide as compared to 2005. Inventory was elevated for most of the year, swith monthly average inventory in Pleasanton up by over 75%. Sales activity was down …
The National Association of Realtors released the nation wide 4th quarter statistics, and sales were down over 10% from the same period last year. The Association sees this as evidence that we have hit the bottom of the cycle, with buyers acting to take advantage of lower prices and incentives.
David Lereah, NAR’s chief economist, …
The Pleasanton real estate market showed decent activity in January, rebounding from a sluggish December, while inventory remained at low levels. While many homes showed longer market times and price reductions, many others sold quickly. And there are even some sellers who received multiple offers. However, even in multiple offer situations, buyers were not wildly …