The 680 Blog

Pleasanton Mid-Month Market Update

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 174 at…

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East Bay Job Growth Slows

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 registering…

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Bay Area Median Home Price Up, Sales Down

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 an accurate…

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Pleasanton April Market Trends

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 157 at the…

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More Good News – Consumer Borrowing Surges in March

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, that could…

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East Bay Office Vacancy Rate Down… Again

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 keep in…

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Economy adds fewer jobs than expected

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 as we enter…

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Fire & Ice opens in Downtown Livermore

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 round flat…

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Well That's a Relief…

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…

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Arizona Moves to Ban Zillow.com from Online Value Estimates

The Arizona Board of Appraisal has moved to stop Zillow.com from providing online home estimates, known on their web site as “Zestimates”, in the state of Arizona. Arguing that these estimates are actually appraisals, the board is seeking to prevent Zillow from providing “Zestimates” in the state. Zillow states that these estimates are a public…

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Back from Vacation

As you mght have noticed, posting has been light the past 2 weeks. I am now back from vacation, so look for a slew of activity in the next few days. By the way, after 5 days in Disney World, I am done with lines. I can’t even stand waiting in line at Starbucks anymore…

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Forecasts, Predictions, and Bets

I guess that seals it. The National Association of Realtors, otherwise known as the National Association of Real Estate Optimists, is forecasting a nationwide decline in the median price of resale homes of .7% this year (that’s .7%, not 7%, or 70%). The California Association of Realtors is predicting a 2% decline in resale home…

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