The market for home loans has never been this dynamic. With record low interest rates, increased underwriting requirements, volatility due to global economic conditions, and a host of other reasons, we have never seen a better time to get a loan. For those looking to buy Danville or San Ramon Real estate, in fact real estate anywhere in the Bay Area, it has become a perfect storm. Foreclosures are down, short sales are up, and people are actively performing real estate transactions. The following video gives a more detailed explanation of the current market and some projection about interest rates in the future.
July 2010
Sent from my iPhone
The following Wall Street Journal article highlights what we have been tracking since the European Union came out with their economic woes. And that is record low interest rates. The rates are now the lowest ever since Freddie and Fannie have been tracking them. This makes for an interesting opportunity for those wishing to purchase Danville real estate or San Ramon real estate. In fact because of the low prices and low interest rates it has created a bit of a perfect storm for home buyers. While we have seen the number of foreclosures drop in the Bay Area, we have seen the number of short sales
increase.
In the following video I discuss how the market for selling Danville Real Estate and San Ramon Real Estate has changed over the last 6 weeks. While both markets were seeing sales increases each month we have seen sales volumes pull back a bit. We are also seeing a fair number of short sales and fewer foreclosures than we were seeing earlier in the year.
The following San Jose Mercury News article reports on a situation that has become quite commonplace. And that is homeowners with distressed mortgages who are not making mortgage payments. The article offers and interesting perspective in that the banks are hesitant to foreclose and are giving people a chance to get their affairs in order. If this is the case than I feel like it is the right thing to do. It is far better to give people the opportunity of staying in their homes, assuming that they can afford it, as opposed to foreclosure or short sale. I still believe though that foreclosure must be a last resort and that the banks should make it easier to perform short sales where necessary. This is having more of an affect on San Ramon real estate than Danville real estate because of all the new construction in the Dougherty Valley
during the early to mid 2000′s.
Many Bay Area homeowners in real estate limbo – San Jose Mercury News.
The following Contra Costa Times article highlights a situation that we encounter on a daily basis. That being the failed Government sponsored Loan Modification program. In almost all cases we here about from homeowners of Danville real estate, San Ramon real estate, and in fact all real estate in the East Bay, who are attempting a loan modification we here about lost paperwork, trial loan periods that go on for many months, lack of communication…. it goes on and on. In many cases these homeowners are facing severe financial difficulty and are just looking for a solution. While we always recommend an attempt at a loan mod in most cases short sale is the best answer to avoiding a foreclosure
.
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(all data current as of
2/4/2012)
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$1,899,000 : 1096 Hawkshead Circle, SAN RAMON5 beds, 5 full, 1 part baths
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$1,875,000 : 1060 Hawkshead Circle, SAN RAMON5 beds, 5 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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1 - 7 of 7.
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$2,395,000 : 866 El Pintado Road, DANVILLE5 beds, 4 full, 2 part baths
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$2,370,000 : 186 Kuss Road, DANVILLE5 beds, 4 full, 1 part baths
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$2,875,000 : 625 BRADFORD PL, DANVILLE4 beds, 4 full, 1 part baths
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$4,998,000 : 26 SKY TERRACE, DANVILLE5 beds, 7 full, 1 part baths
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$2,000,000 : 7220 Johnston Road, DANVILLE3 beds, 2 full baths
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$2,375,000 : 15 HOMESTEAD CT, DANVILLE4 beds, 5 full, 1 part baths
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$2,495,000 : 5150 CAMINO TASSAJARA, DANVILLE4 beds, 2 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
The following Contra Costa Times article provides statistics on the latest h0me sale trends throughout the Bay Area. This is in line with the last video blog I posted regarding Danville real estate, San Ramon real estate, and the entire east bay. In addition we are seeing short sales increase while foreclosures
have stayed pretty flat.
Bay Area home sales slip, but prices rise – ContraCostaTimes.com.
Showing properties
1 - 4 of 4.
See more city of San Ramon real estate.
(all data current as of
2/4/2012)
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$1,899,000 : 1096 Hawkshead Circle, SAN RAMON5 beds, 5 full, 1 part baths
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$1,548,000 : 527 KINGSBRIDGE COURT, SAN RAMON4 beds, 4 full, 1 part baths
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$1,875,000 : 1060 Hawkshead Circle, SAN RAMON5 beds, 5 full, 1 part baths
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$1,575,000 : 18115 BOLLINGER CANYON RD, SAN RAMON4 beds, 2 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
©2012 Bay East. ©2012 CCAR. ©2012 EBRD. All rights reserved. Information deemed reliable but not guaranteed. This information is provided from three separate sources: Bay East, CCAR and EBRD. The listings presented here may or may not be listed by the Broker/Agent operating this website. Information last updated on 2/4/12 10:35 AM PST.