And now for the next chapter in the continuing saga of the national real estate slump. California Association of Realtors reports that sales decreased 24.7% in June as compared with June of 2007. The median price, meanwhile, was up slightly, increasing by 3.2% in June as compared to May of this year. …
The Pleasaton real estate market in June was not markedly different from June. Sales activity was generally in line with recent months, but up slightly. There were 67 pending sales in June, compared with 61 for the month of May. Inventory was up slightly, with 195 homes on the market at the …
Good news on the economic front… the US added 132,000 jobs in June, and added more in April and May than previously estimated. Unemployment held steady at 4.5%. This is significant because it provides further evidence that the national real estate slump is not having a big impact on our economy.
“Today’s report adds …
