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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So You Think East Bay Home Prices Are High?

The high cost of housing in Pleasanton, the Tri-Valley, and the Bay Area are a constant source of conversation. But if you think it is expensive here, check out this 77 (yes, that’s 77) square foot apartment for sale in London for a mere $335,000. And it comes without electricity. The closet-sized space in the…

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Consumer Sentiment Surges to 3 Year High

Lower oil and gasoline prices and favorable economic news propelled the consumer sentiment indes to its highest level in 3 years, providing more evidence that the U.S. economy is poised for more growth in 2007. The preliminary January reading on sentiment by the Reuters/University of Michigan Surveys of Consumers rose to 98.0 from 91.7 at…

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Pleasanton December Market Update

After a surge in activity in November, the Pleasanton real estate market quieted down in December. Sales were down from November, which is to be expected given the holidays, and the inventory of available homes continued to decline after peaking in July. In homes under $1 million, pending sales showed a decline in December after…

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East Bay Jobs Hit Milestone

Real Estate bubble? Not likely. Friday’s report that the East Bay employment base surpassed the 1 million mark in December, making it the largest employment base in the Bay Area, shows continuing strength in the East Bay economy. San Francisco and the South Bay were both under the 1 million mark. So much for the…

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East Bay Market Outlook

Ok…here we are in the first few days of the New Year. Along with the deluge of diet and health club ads we get predictions for what this year will bring for the Pleasanton area and East Bay real estate markets. We know one thing for sure… there is no consensus. Some see a market…

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Days on Market – A Worthless Statistic?

There is a continuing debate in the Real Estate industry regarding Days on Market (or DOM) and the practice of “relisting” homes for sale. In short, when you see DOM statistics currently, they are largely meaningless. The reason is that many realtors “relist” listings if they have not sold and have been on the market…

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