Remembering Tom Burnett

As we come up on the 6th anniversary of Sept 11th, I would like to take a moment to remember one of the heros of flight 93, Tom Burnett. Tom was 38 years old on that day, and along with many other brave souls, fought back valiantly under extraordinary circumstances. Tom left behind his wife…

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You Know the Market has Changed When…

Okay, with all of this bad news on the Pleasanton, Tri-Valley, and California real estate market, you would think that most sellers got the memo that things have changed. Apparently, there are still some sellers who think it is still 2005, and that none of these things effect them. Because I am “the giver”, I…

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Mountain House – Market Downturn Takes a Toll

Interesting article in the Contra Costa Times about Mountain House, the new community East of Livermore on the Altamont Pass. Major builders, including Lennar, Pulte, Centex, and Shea Homes, invested millions in insfrastructure, roads, schools, and parks to literally create a new city that would cater to East Bay and Silicon Valley workers searching for…

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San Ramon Extends Review Period for City Center

The city of San Ramon voted to extend the review period for the proposed new City Center complex on Bollinger Canyon Rd and Camino Ramon. The extension was granted in order to allow for more time to review the 700 plus page environmental impact report. Six “significant unavoidable impacts” related to the project are cited…

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A Dose of Perspective…

So the news about real estate is mostly bad… well okay, it’s all bad lately. The media is piling on the real estate market like a WWF wrestler on steroids. So I thought it might be interesting to revisit what the media has said in the past about real estate. “The prices of houses seem…

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More Housing News… The Hits Just Keep On Coming

Well, we may as well get it over with quickly. The latest batch of news about the housing slump is hot off the press, and it continues to have an impact on the Pleasanton and Tri-Valley real estate markets: * Consumer Confidence dropped to its lowest level in a year * Standard & Poors Housing…

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Tri-Valley Market Update – Mortgage Turmoil Impacts Local Market

We are almost through the month of August, but it is already apparent that the recent turmoil in the mortgage market is having a big impact on activity in Pleasanton, Dublin, Livermore, San Ramon, Danville, and Alamo/Blackhawk. Month to date pending sales activity in the region is down sharply from July. And July activity was…

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Mortgage Market Rumors

As mortgage lenders struggle to adjust to the recent turmoil in the mortgage market, we are hearing rumors of upcoming actions that will hopefully help add stability to the secondary mortgage market (the institutionalized “bond” market where mortgage companies sell packages of loans to investors). One rumor I have heard recently is that the Fed…

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Pleasanton Market Update… Holding Our Breath

The Pleasanton CA real estate market showed a slight increase in inventory at the end of July, as well as a moderate decline in sales. However, these statistics did not reflect the impact of the turbulance in the mortgage markets, and the subsequent impact on the real estate market. Local real estate professionals, along with…

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High Rise Towers in Dublin??

In case you haven’t noticed, Dublin has embarked on an aggressive campaign of growth the past few years, including several retail and mixed use projects, as well as scores of high density condominium projects. Now Charter Properties is approaching the city of Dublin looking to build 4 high rise towers, ranging from 19 to 21…

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Hooters Coming to Town.. Not

Someone put up a sign on the old Koln Hardware building on Main Street in Pleasanton announcing that Hooters would be opening soon, along with a phone number for job applicants. This immediately caused a stir on the normally quiet streets of downtown Pleasanton. The only problem was it was not true. It was a…

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Mortgage Credit Crunch Affects All Price Ranges

All of the well publicized mortgage troubles are not just affecting the low end of the housing market. Even the luxury market segment is experiencing disruptions and problems in the financing arena, and it is causing some major stress, hardship, and in some cases, losses. The credit crunch now is hitting home buyers from all…

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