Market News
Wow 2012 Market is heating up…200 People Through One Open House!!!
I just put a home on the market in Santa Clara, first-time buyer price point, $518,000. This home on Las Palmas Drive is a standard 3 bedrooms, 2 baths and just under 1200 SF. I was blown away by the attendance at the first open house this weekend! Typically I tell a seller to be [...]
Read Full Post | Make a Comment ( None so far )Why 2012 Can Be a Good Year!
Happy New Year! 2012 is going to be GREAT! Of course, you would expect me to say this, right? OK, I admit I’m optimistic by nature and I know that Realtors can sometimes get excited. However, before you discount my outlook as sales hype, I think I’ve got good reasons to be looking forward to [...]
Read Full Post | Make a Comment ( None so far )Pennisula Real Estate is Hot…means south bay is next!
June 15 (Bloomberg) – A surge in wealth from technology stock sales and initial public offerings is spilling into the Silicon Valley real estate market as newly rich workers bid up home values in suburban cities south of San Francisco. The median price of single-family houses sold in Palo Alto, home of Facebook Inc., climbed [...]
Read Full Post | Make a Comment ( None so far )What’s the Buzz about the REO market?
Buyers all over have been waiting for REOs to hit the market for a couple years now. Banks have been holding on to inventory as more and more people headed into foreclosure. We all know there has to be a tipping point, but when it is going to happen? The word is now spreading that [...]
Read Full Post | Make a Comment ( None so far )Watch out for New Down Payment Regulations Coming to a Lender Near You
By Gino Blefari President & CEO Intero Real Estate Services, Inc. 2011 – it’s the year of the regulators with housing and finance. A major collapse in the banking industry, along with periods of decline in housing have piqued Capitol Hill’s interest in making more laws in the mortgage banking and financial industries. The first [...]
Read Full Post | Make a Comment ( 1 so far )Happy New Year Home Owners Considering a Short Sale!
Well if you have been thinking of short selling your home because you are under-water, then 2011 might just be your year! The Senate just passed Bill 931 which prohibits banks from going after the first mortgage deficiency amount for owners who short sell their home (and close it after Jan 1, 2011). Basically this means [...]
Read Full Post | Make a Comment ( None so far )Santa Clara County Hits 4-Year Inventory Low!
Well with the typical holiday slowdown and lack of inventory, there has just not been much to report to you all. With 2009 now behind, we all look hopefully to a better 2010! So where are we at so far this year? Inventory is at a 4 year low, 1548 active single family homes on [...]
Read Full Post | Make a Comment ( None so far )How is Real Estate Today Different?
Agents still service clients face to face, but the internet has changed how this process works. Read more about internet saavy buyers and sellers
Read Full Post | Make a Comment ( None so far )Three Blind Mice…is our CA Government Closing Their Eyes on the Real Story with Foreclosures?
Three blind mice, three blind mice, See how they run, see how they run, They all ran after the farmer’s wife, Who cut off their tails with a carving knife, Did you ever see such a thing in your life, As three blind mice? Remember this silly childhood rhyme? It doesn’t really make much sense [...]
Read Full Post | Make a Comment ( None so far )Zillow Report Wrong about Saratoga Real Estate Values
Zillow states that Saratoga CA real estate values declined 9.4% from Q1 2008 to Q1 2009. Being that Saratoga is one of the most prestigious Silicon Valley addresses, I would expect it to have less a hit than low-end areas, but really that much less? When I have been out every week on broker tour [...]
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