Doug Buenz
Real Estate Broker
Alain Pinel Realtors
(925) 463-2000
Email me!
I am a local Real Estate Broker with Alain Pinel Realtors serving the Pleasanton and the Tri-Valley area. I am an avid watcher of the local real estate market, as well as cultural and political events. But that is what I do, not who I am... » read more
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I guess it seemed like a good idea at the time. The U.S. Department of Housing and Urban Development (HUD) instituted new changes at the beginning this year regarding disclosures that home buyers and refinancing homeowners must file to obtain a loan. It was all intended to reduce shady loan practices and make …
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If you were still hoping to buy the Brentwood (Southern California) home that Marilyn Monroe died in, you’re out of luck. I posted an entry here back in July when the home went on the market.
The LA Times reports that the home sold two weeks after going on the market.
The Brentwood home …
California’s economy will recover. That recovery, however, will be delayed until the end of 2011. In the meantime, our economy continues to grow, albeit at a very slow rate. This is according to a closely watched economic forecast from the Anderson School of Management at UCLA.
Courtesy of californiarising.blogspot.com
The Contra Costa Times reported …
If I ran around saying we were looking at a looming housing shortage I’d probably be hauled off to the local psychiatric ward. Given the state of the current market, with high foreclosure rates, homes sitting empty, high inventory levels and high unemployment, a housing shortage may seem like a stretch. But that …
I used to get excited about record low mortgage rates. Generally speaking, low interest rates help fuel the economy in general and prompt people to buy real estate in particular. But we have been bouncing along the historical low for mortgage rates for over a year now, and the general reaction seems to …
Now from the Good News department (we certainly can use it). Bay Area graduates can look forward to having some of the best salary growth prospects in the country. According to Payscale.com and Yahoo Hot Jobs, the San Francisco, Oakland, Fremont area ranked #4 in the country for large metropolitan areas. The …
Banks have not been very efficient when it comes to foreclosing on delinquent mortgages and moving the distressed properties to market. There has been a fair amount of press in the past few months about the “shadow inventory” of distressed properties that banks own but have not had the means to get on the …
The action was swift. Our esteemed California legislators rose to the occasion, set aside their relentless partisan bickering, and focused their energy on solving “the problem”.
What problem you ask? School funding? No. Crumbling infrastructure? Nope. Unemployment? Nyet. Our government in California enacted a $100 million program …
Interesting article in the about plans to turn portions of Detroit back into semi-rural farm land or open space. Certainly an incredible story, as this once powerful industrial city has become saddled with thousands of vacant houses and lots, and some neighborhoods that resemble ghost towns. In many ways, this is a …
The California Public Employees Retirement System lost a whopping $500 million on one transaction alone in New York City. It is the biggest deal ever in the United States for a single piece of residential property
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According to the Los Angeles Times:
The owners of Stuyvesant Town …
Real estate investment by Bay Area residents has increased sharply, with the Sacramento, Las Vegas, Stocton & Tracy markets being the prime targets, according to the San Jose Mercury News. Statistics show that the purchase of out of area property by Bay Area residents is up 58% from last year at this time.
The wave …
Auctions are being used more by sellers for non-bank owned-properties in some cities. It’s an interesting and novel way to market a home.
It has been an interesting week on the national home sales front, as home sales have been reported as both up and down. First, sales of existing homes in November surged to a three year high. Then, sales of newly built single family homes fell 11%, to the lowest level in six months. …
A home in Encinitas, CA, that was remodeled as part of the “Extreme Makeover” television show is in risk of falling into foreclsure. It follows several other such properties, whos families received the “Makeovers” and then were not prepared for the bigger lifestyle that the new homes provided.
First the good news. New home sales in the US jumped 6% in October. And home prices rose in 11 major metro areas in September. But most of the gains in new home sales were in the South. And home prices declined in 9 major metro areas in September.
despicable me …
