The 680 Blog

Oh No…. Not Again!

Gotta Love It… Courtesy of Pajamasmedia.com

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Word on the Street – The Tri-Valley Market

Talked with a major builder today, and he feels much more confidence in the Tri-Valley Market right now. He thinks the Tri-Valley is primed for strong growth in jobs and home price appreciation. Definitely seeing improvement in the major markets of the Bay Area proper. In terms of the valley, Mountain House is continuing to…

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You Gotta See This to Believe It

Do you ever wonder what it would be like to jump out of a plane and have the parachute fail to open? Check out this unbelievable story and video (scroll down half way to play the video). A skydiver has a video camero on his helmet. His main parachute and the reserve both fail to…

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Going Green – Builder Installs Solar Panels in All New Bay Area Homes

Lennar Corporation, a nationwide builder based out of Florida, has annuounced that they will now install solar power systems on all homes built in the Bay Area, beginning with their new subdivision, Milano in San Ramon. This is the result of a partnership with the California Energy Commission, which is attempting to make homes highly…

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East Bay Housing Market is the Nation's 2nd Most Expensive

Statistics released for the the 4th quarter show that the San Francisco – Oakland – Fremont metro area, which includes Pleasanton and the Tri-Valley, has the nation’s second highest median home price at $733,500. The San Jose – Sunnyvale – Santa Clara had the nation’s most expensive median home price, comming in at $760,000. This…

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Market Update – Is the Worst Behind Us?

A funny thing happened on the way to the real estate bubble burst party… it has been cancelled. The real estate market in the greater bay area has shown surprising strength early this year, and some (cautious) renewed optimism seems to be seeping in. Inventories are for the most part low, and the sense is…

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Inflation Threat Still Concerns Federal Reserve

The Federal Reserve Board, that mysterious panel of rich bankers who manage the nation’s money supply, remains concerned about inflation. The Consumer Price Index figures for January indicated a rise of .2%, which was double what analysts were expecting. This was a reminder that inflation fears still drive interest rates, and if continued upward pressure…

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2006 – A Look Back at the Pleasanton Market

A lot has been written about last year, and the softness in the Pleasanton real estate market. Yes, the market was soft, and prices did slide as compared to 2005. Inventory was elevated for most of the year, swith monthly average inventory in Pleasanton up by over 75%. Sales activity was down as well, with…

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Housing Slump Hits Bottom, According to NAR

The National Association of Realtors released the nation wide 4th quarter statistics, and sales were down over 10% from the same period last year. The Association sees this as evidence that we have hit the bottom of the cycle, with buyers acting to take advantage of lower prices and incentives. David Lereah, NAR’s chief economist,…

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January Pleasanton Market Update – Spring Shoppers Out Early

The Pleasanton real estate market showed decent activity in January, rebounding from a sluggish December, while inventory remained at low levels. While many homes showed longer market times and price reductions, many others sold quickly. And there are even some sellers who received multiple offers. However, even in multiple offer situations, buyers were not wildly…

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East Bay Foreclosures Rise

Mortgage default notices, which are the first step in the foreclosure process, showed dramatic increases in the last quarter of 2006. In Contra Costa County, Notice of Default filings were up 179% compared to the same period the year before. In Alameda County, the filings were up 157%. Nationally, foreclosures rose more than 42% in…

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Silicon Valley Thriving

Another reminder why it is improbable that the Pleasanton area real estate market will experience significant price declines… In a report to be released this week, Silcon Valley has added significant jobs for the first time since the dot com bust of 2000, with 33,000 new jobs added in the year ending June 30, 2006….

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