What is going on? We have seen changes in Fed Policy which should have pushed interest rates up for Danville, San Ramon, and East Bay real estate actually have no effect as a result of the economic conditions within the European Union. In fact we have not only seen interest rates fall but home sales increase and prices either increase or remain flat in most east bay areas. In the following video we give you an in depth explanation on the current environment for mortgage interest rates and the East Bay real estate market as a whole.
May 2010
In the following video I discuss the current market for sellers. We have been tracking the market statistics very closely for Danville, San Ramon, and East Bay real estate and find that in spite of short sales
and foreclosures, the market for selling your home has not been this good in years. Take a look at the following video and feel free to share it with anyone you feel it would benefit.
It looks like the fear brought about by Greece’s financial woes have helped to keep interest rates
low as investors flee the European markets. The following Contra Costa Times article reports on the low interest rate levels and why investors find bonds a better choice than the European markets. This has affected the affordability of Danville Real Estate by providing exceptional rates and allowing people to pursue purchases of short sale and foreclosed homes. I can’t project how long rates will be this low but it is presenting a great opportunity now.
Mortgage rates at years lowest level – ContraCostaTimes.com.
I have been in constant discussions either in person, on the phone, or via blog posts regarding the current real estate market. In this video a specifically discuss Danville Real Estate and what the market has been doing over the 12 months. In order to provide this analysis I took a snapshot of the market in April 2009 and compare it with the market in April 2010. The data includes short sales and foreclosures so it is very accurate. The conclusions are clear and supported with real data so please take a look and feel free to share. As always you contact me with any questions or comments.
In the following blog I discuss the current San Ramon real estate market. In particular I discuss activity of single family detached homes and compare the market of April 2009 to April 2010 as a sign of what the market is doing. With short sales, foreclosures, strategic defaults, deed in lieu…. I find that there is alot of misinformation being published, reported on, or bantered about about “professionals” and I want to set the record straight and give you real statistics on the current market. Please feel free to share this video with anyone you wish and as always call or email with any comments or questions.
The following Contra Costa Times Article reports on the latest statistics which look at the total market for homes in Alameda and Contra Costa counties. What we are finding upon a closer look is that San Ramon Real Estate and Danville Real Estate, specifically single family detached homes, are actually increasing significantly in price. Area’s where the market is experience the biggest uptick are the newer communities of Windemere and Gale Ranch and in the Danville communities of Alamo Creek and Monterosa. The homes that are selling are’nt just short sales and foreclosures
either. We are seeing more “normal’ resales than we have in the past as well.
Home values flat in Alameda, Contra Costa counties – ContraCostaTimes.com.
I have been involved in many on-line discussions these days regarding the market for Danville real estate and San Ramon real estate. In fact the discussion in relative the the East Bay and the Bay area as a whole. And the participants are really in two camps and are basically at odds in terms of our real estate markets and the economy as a whole. In this video I discuss both sides of the argument and if the mountain of short sales and potential foreclosures will affect the recovery. I also discuss what is happening in terms of market trends and what I believe the future holds.
