Features that Add Value To Your Home

A writer from BankRate.com has compiled a list of 10 features that can add value to your home. Keep in mind that the writer is based in Atlanta, which could make some of her projects impractical and/or not applicable. For the sake of discussion, here is her list of 10 projects that add value: 1.…

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More Mortgage Market Turmoil

This past week saw some turmoil in the mortgage market, with stories and rumors of local and national mortgage lenders going out of business, or unable to fund (provide the funds) existing loan commitments. In other words, buyers and sellers could be days or even hours away from closing, and find out that the lender…

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More Housing News (and it's not good)

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. So what does…

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Pleasanton Market Update – More of the Same

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 end of June,…

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Job Market Shows More Strength

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 to…

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Economic Forcast Predicts Weaker Economy in 2008

An economic report by the respected UCLA Anderson Forcast predicts that the struggling housing market will slow growth in the state next year, with construction employment dropping by as much as 5%. While real estate, especially the new home sector, has been in a recession for the past 2 years, so far it has not…

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Mixed Signals for Builders

New home construction dropped 3.4% in May, showing continued weakness in the new home market nationally. In the Western region, new home construction was off over 19% in May. Locally, new home developments in the Tri-Valley continue to offer incentives to spur sales activity as market conditions are generally sluggish. In a positive sign, permits…

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Pleasanton Market Update… Chugging Along

The Pleasanton rea estate market showed good sales activity in May, but inventory is trending up as we head into summer. Overall sales activity remained steady, registering 61 pending sales for single family homes in the month of May, which is certainly good activity. Inventory ended the month at 191 homes, and it looks like…

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Sales Up, Sales Down

The National Association of Realtors reported a 2.6% drop in sales nationally in April, while the median home price declined for the ninth consecutive month. While the national news for the resale market was less than rosy, the new home sales market showed a rebound, as new home sales nationally jumped an impressive 16.2% nationally.…

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And now, from the “Do as I say, Not as I Do” Department

State senator Carole Midgen from San Francisco was involved in an accident near Fairfield on Friday. She rear ended another vehicle while supposedly reaching for her cell phone. Ok, it can happen to anyone. Except representative Midgen has been an outspoken proponent of enacting legislation to regulate the use of cell phones in vehicles. Looks…

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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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