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The National Association of Realtors reported a 2.6% drop in sales nationally in April, while the median home price declined for the ninth consecutive month. While the national news for the resale market was less than rosy, the new home sales market showed a rebound, as new home sales nationally jumped an impressive 16.2% …
State senator Carole Midgen from San Francisco was involved in an accident near Fairfield on Friday. She rear ended another vehicle while supposedly reaching for her cell phone. Ok, it can happen to anyone. Except representative Midgen has been an outspoken proponent of enacting legislation to regulate the use of cell phones …
The Pleasanton real estate market showed strong sales activity in the first half of May, registering 41 pending sales for the first 2 weeks. If this pace continues, the month of May in Pleasanton will show the most sales since June of 2005. Inventory remained generally low, with available single family homes at …
The latst employment statistics showed that the East Bay job growth has slowed for the time being. The East Bay lost 1500 jobs in April, and for the past year ending in April, the East Bay showed a 1.6% growth in employment, with the Bay Area showing a 2.4% increase in jobs, and California …
A Recent Article in the S.F. Chronicle displays the headline “Bay Area’s housing prices buck national trend. Median cost is up 6.6%, driven by strong upscale market, but number of homes sold is down 20%”. Further in the article the author states “Local home prices are still going through the roof”. Is this …
The “Dalmation” market was still the operative word to describe the Pleasanton CA real estate market in April. The market remained strong in spots, while other areas/price brackets were slow. Overall, inventory of single family homes surged in April, with inventory ending the month at 170 homes available. This is up from …
Consumers, seemingly unphases by the national real estate troubles and the rising energy costs, increased borrowing by a brisk annual rate of 6.7% in March, surprising analysts. This is a good sign for the economy, which continues to see strong consumer spending.
Of course, if the borrowing was from those risky subprime mortgages, …
The vacancy rate for East Bay office space dropped for the 5th straight quarter to 13.6%. This illustrates the continued strength of the East Bay economy, and the long term outlook for business looking to move to the East Bay. While the residential market is struggling is some areas, it is wise to …
The federal unemployment rate rose slightly in April to 4.5% from 4.4%. In all, 88,000 jobs were added in April, less than the 100,000 jobs analysts expected. Still, the employment market is strong, and demand for labor is high. Most experts shrugged off the report, and expected an even stronger job market …
The newest addition to the downtown Livermore entertainment scene has opened. Fire & Ice, located at 2300 First Street, is an “improvisational grill”. It is essentially an upscale Mongolian BBQ restuarant, where you select your own raw vegetables, noodles, and uncooked meet/fish/poultry, along with seasoning sauce, and they cook it on a huge …
Warren Buffet, Billionaire investor and head of Birkshire Hathaway Inc, says that the subprime mortgage problems, while a serious problem for the mortgage industry, is not likely to pose a big economic threat.
As long as unemployment and interest rates did not rise significantly, Buffett said “it’s unlikely that that factor triggers anything of a massive …