Archive for March, 2009
Home sales in Pleasanton, Dublin and Livermore follow Alameda County
By · March 28, 2009 · CommentsSales of existing homes has shown a steady increase as indicated by the chart below. Pricing has changed because of the foreclosure homes, but Pleasanton, Dublin and Livermore homes have done better than many other areas of California.
The data indicates a reduction of the total inventory across Alameda County with increased properties under contract. A good sign, but many of these pendings are short sales and may not close.
The next 3 months will tell the story if the real estate market has started a recovery. We may still have a set back, but with interest rates falling and home prices down to 1999 levels, it’s a good sign that people will see the value in todays home prices.
Pleasanton, Dublin and Livermore homes and loans
By · March 23, 2009 · CommentsPleasanton, Dublin and Livermore homes have not been immune from the housing slump. Real estate and finance are two of the biggest parts of our economy, Obama and his congress need to move fast to salvage the crises. We need a permanent fix to the housing issue.
I know this is going to be a hot issue, but the United States government needs to take emergency action to keep people in their homes. Refinance the loans, having the government and banks take the hit on any loss.
Every new property loan, be it residential, commercial or vacant land needs to have a special insurance attached. The insurance would be similar to the lenders insurance that you pay for when buying a home, but it would protect the buyer when out of work or for any reason.
Insurance will increase the cost of buying, and refinancing, but the alternative is what we are seeing now. This insurance would be paid by the consumer and not the general population. You can already get the same type of insurance when buying a car or for you credit cards, why not make it mandatory on a loan?
Home Loan Rates Drop and Sales Improve
By · March 20, 2009 · CommentsLoan rates for conforming loans are down, bouncing around 4.5%. Home sales are improving and first time home buyers should be out in droves with these new developments.
A sample of investor properties shows that homes in such areas as Pleasanton, Dublin, Livermore and other nearby cities like Blackhawk can be had very near $200.00 per square foot . You can’t buy the land and build for near that number.
Yes, the economy is still bleak for many, but real estate has seen an improvement. I noticed increase sales starting in December and that small, but positive move seems to be steady.
