The market has shifted over the last few months and we are seeing Danville and San Ramon Real Estate taking longer to sell. There are more short sales and foreclosures listings on the market and many buyers are waiting to see what happens with our economy. The following video discusses what is happening today.
The recent economic reports have left many would be home buyers concerned and confused over the Danville and San Ramon real estate markets, and in fact the market for the entire Bay Area as well. In spite of the nationwide media reports we have actually seen prices increase year over year in most bay area cities and towns. And while raw sales numbers are down, prices have not been affected. We are seeing a significant number of short sales and the number of foreclosures are starting to creep up. In the following video I discuss the current economy and where I believe it is headed.
The following New York Times article highlights two new federal programs to help struggling homeowners avoid foreclosure and stay in their homes. The article uses nationwide data in terms of falling home prices, in fact Bay Area home prices are up from the same time last year, but one statistic is consistent throughout the country and that being total home sales realizing a significant drop in July. The article does not give specific details so I cannot comment on it’s merit. What I will say is that most of these programs are not written to help owners or Danville or San Ramon real estate. In fact due to the wage restrictions and home value restrictions in these policies it is difficult for any Bay Area Home Owner to take advantage of these offerings.
This beautiful craftman style home was recently finished and will be on the market soon. Walk to the charming Downtown area of Danville and to National Blue Ribbon Schools. Give us a call for more information.
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Danville Real Estate – Danville Homes For Sale
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