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An economic report by the respected UCLA Anderson Forcast predicts that the struggling housing market will slow growth in the state next year, with construction employment dropping by as much as 5%. While real estate, especially the new home sector, has been in a recession for the past 2 years, so far it has …
New home construction dropped 3.4% in May, showing continued weakness in the new home market nationally. In the Western region, new home construction was off over 19% in May. Locally, new home developments in the Tri-Valley continue to offer incentives to spur sales activity as market conditions are generally sluggish. In a …
The Pleasanton rea estate market showed good sales activity in May, but inventory is trending up as we head into summer. Overall sales activity remained steady, registering 61 pending sales for single family homes in the month of May, which is certainly good activity. Inventory ended the month at 191 homes, and it …