East Bay Mortgage Market Update for December 30th 2010 - 12/30/10 09:16 PM
East Bay Mortgage Market Update for December 30th 2010
Economic News:  Tuesday brought us the Case-Shiller Home Price Index (HPI) and Consumer Confidence. The HPI showed a moderate drop in home values from the prior month. While the numbers show downward pressure on prices it was in conflict with last week's positive news for existing and new home sales. Consumer Confidence was also disappointing reporting 52.5 versus the expected figure of 57.4. Today brought us Jobless Claims, Chicago PMI & Pending Home Sales Index. The jobless report was a nice surprise as the weekly report for claims fell 34,000 and broke … (7 comments)

East Bay Mortgage Market Update for December 27th 2010 - 12/27/10 12:53 PM
East Bay Mortgage Market Update for December 27th 2010
Economic News:  The most influential economic reports to end last week were the Gross Domestic Product (GDP), Existing Home Sales, Durable Goods Orders & Personal Income and Outlays. GDP was revised upward to a 2.6% annual growth rate but less than the expected 3.0%. Existing Home Sales edged up a bit in November to an estimated 4.68 million units. The report also revealed price stability. Durable Goods Orders for November rebounded from the October numbers and were reported at -1.3% which was a touch worse than the consensus figure of -1.0%. Lastly, … (6 comments)

Here's the Latest News on the HAMP Loan Modification Program - 12/22/10 01:13 AM
Melissa has provided some very informative information regarding some recent reporting on the HAMP Loan Modification Program. This program was initially formulated to help distressed borrowers modify/restructure their current mortgage as a foreclosure alternative. As 2011 approaches keep an eye out for tweaks and changes to the HAMP Program. Thank you Melissa.

Via Melissa Zavala Realtor® North San Diego County Homes (Broadpoint Properties):
Just the other day, on Tuesday, December 14, 2010, the Congressional Oversight Panel (www.cop.senate.gov) issued a report that provided a scathing commentary on the HAMP program (Obama’s loan modification program)--stating that it has not been nearly as effective as … (11 comments)

Walnut Creek Foreclosures Report as of November 30th 2010 - 12/21/10 07:24 PM
The following numbers represent the current Foreclosure Sales inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in Walnut Creek, CA 94596,94597,94598 for the month of November 2010.

Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. For more detailed information of the current Foreclosure/REO market in Walnut Creek please call.

Current market activity in Walnut Creek, California
Community information for Walnut Creek, California 94596
Community information for Walnut Creek, California 94597
Community information for Walnut Creek, California 94598
… (8 comments)

San Ramon Foreclosures Report as of November 30th 2010 - 12/21/10 07:08 PM
The following numbers represent the current Foreclosure Sold Inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in San Ramon, CA 94582 & 94583 for the month of November 2010. 

Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. For more detailed information of the current Foreclosure/REO market in San Ramon please call.

Current market activity in San Ramon, California 94582 / 94583 
Community information for San Ramon, California 94582
Community information for San Ramon, California 94583
… (2 comments)

Danville Foreclosures Report as of November 30th 2010 - 12/21/10 06:49 PM
The following numbers represent the current Foreclosure Sold Inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in Danville, CA 94526/94506 for the month of November 2010.

Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. For more detailed information of the current Foreclosure/REO market in Danville please call.
Current market activity in Danville, California 94526/94506 
Community information for Danville, California 94526/94506
… (0 comments)

Blackhawk Foreclosures Report as of November 30th 2010 - 12/21/10 06:23 PM
The following numbers represent the current Foreclosure Sold Inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in Blackhawk, CA 94506 for the month of November 2010.

Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred.For more detailed information of the current Foreclosure/REO market in Blackhawk please call.

Current market activity in Blackhawk, California 94506
Community information for Blackhawk, California 94506
… (0 comments)

Alamo Foreclosures Report as of November 30th 2010 - 12/21/10 06:05 PM
The following numbers represent the current Foreclosure Sold Inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in Alamo, CA 94507 for the month of November 2010.

Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. For more detailed information of the current Foreclosure/REO market in Alamo please call.
Current market activity in Alamo, California 94507
Community information for Alamo, California 94507
… (0 comments)

East Bay Mortgage Market Update for December 20th 2010 - 12/20/10 02:59 PM
East Bay Mortgage Market Update for December 20th 2010
Economic News:  Last Thursday's Philadelphia Fed Survey came in much stronger than expected. The future component of the report looked good with both new orders and back orders making gains. For the week of December 11th Jobless Claims were in the lower end of the consensus range. Lastly, Housing Starts posted a nice gain for November although coming off a very depressed October reading.
Mortgage Markets: The 10 Year Note began a rally late Thursday, into Friday, and are fairly stable today. The yield has fallen from 3.52% back to 3.35%. … (6 comments)

How To Qualify For HAFA Short Sale - 12/16/10 12:55 AM
Last week I reposted a piece on Mello-Roos written by Dave Gubler. This week he has penned another fantastic article on the HAFA (Home Affordable Foreclosure Alternatives) program and the ins and outs associated with it. He also goes into the HAMP (Home Affordable Modification Program) and its relation to HAFA.

Via Dave Gubler - Foothill Ranch, Lake Forest, Ladera Ranch and Mission Viejo (Orange County California Short Sale Specialist-IMLShortSale):
How To Qualify For HAFA Short Sale
First let's start by defining exactly what HAFA is:
The government's Home Affordable Foreclosure Alternatives program, or HAFA as it is commonly known may provide you with … (11 comments)

East Bay Mortgage Market Update for December 15th 2010 - 12/15/10 04:16 PM
East Bay Mortgage Market Update for December 15th 2010
Economic News:  Yesterday's Producer Price Index (PPI) was reported at .80% for the month of November which was a tick higher than consensus. When the volatile Food & Energy component is removed the PPI posted a modest 1.3% increase year over year. Retail Sales were also better than expected. Although a part of the report was due to an increase in gasoline costs gains were reported across multiple sectors. Tuesday also had the Federal Open Market Committee (FOMC) announcement. The statement did not reveal anything new and noted that "the recovery is … (4 comments)

Walnut Creek Short Sales Snapshot as of November 30th 2010 - 12/13/10 06:26 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Walnut Creek, CA for the period ending November 30th, 2010.

Please keep in mind that this only reflects the market on the specific day quoted.  Short Sales take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range.
Current market activity in Walnut Creek, California
Community information for Walnut Creek, California 94596
Community information for Walnut Creek, California 94597
Community information for Walnut Creek, California 94598
 
… (0 comments)

San Ramon Short Sales Snapshot as of November 30th 2010 - 12/13/10 06:15 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for San Ramon, CA 94582 / 94583 for the period ending November 30th , 2010.

Please keep in mind that this only reflects the market on the specific day quoted.  Short Sales take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range.
Current market activity in San Ramon, California 94582 / 94583 
Community information for San Ramon, California 94582
Community information for San Ramon, California 94583
… (0 comments)

Danville Short Sales Snapshot as of November 30th 2010 - 12/13/10 06:02 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Danville, CA 94526 for the period ending November 30th 2010.

Please keep in mind that this only reflects the market on the specific day quoted.  Short Sales take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range.
Current market activity in Danville, California 94526
Community information for Danville, California 94526
… (0 comments)

Blackhawk Short Sales Snapshot as of November 30th 2010 - 12/13/10 05:03 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Blackhawk, CA 94506 for the period ending November 30th 2010.

Please keep in mind that this only reflects the market on the specific day quoted.  Short Sales take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range. 
Current market activity in Blackhawk, California 94506
Community information for Blackhawk, California 94506 
… (0 comments)

Alamo Short Sales Snapshot as of November 30th 2010 - 12/13/10 04:44 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Alamo, CA 94507 for the period ending November 30th, 2010.

Please keep in mind that this only reflects the market on the specific day quoted.  Short Sales take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range.
Current market activity in Alamo, California 94507
Community information for Alamo, California 94507
… (0 comments)

East Bay Mortgage Market Update for December 13th 2010 - 12/13/10 01:57 PM
East Bay Mortgage Market Update
Economic News:  A little interest rate relief to start the week. There are several factors putting pressure on the bond as well as the mortgage backed security markets. Better economic reports both here and abroad, sovereign debt fears & the possible extension of the "Bush Era Tax Cuts" coupled with a temporary reduction in the Social Security withholding rate next year have combined to drive a debt market selloff.  At this point many experts are advising that the bond markets are oversold and we could see yields fall back from where we are currently.  Let's hope … (0 comments)

Walnut Creek CA 94596, 94597, 94598 Real Estate Market Activity 2010 Versus 2009 January Thru November - 12/10/10 08:22 PM
The following numbers represent the comparison of homes sold from January through November 2009 versus January through November 2010 in Walnut Creek, CA 94596, 94597, 94598.

Keep in mind that real estate markets are local in nature and there will be micro markets in every town.  Walnut Creek has experienced stabilized values, a nice increase in homes sold and a reduction in the days on market.
Current market activity in Walnut Creek, California 
Community information for Walnut Creek, California 94596
Community information for Walnut Creek, California 94597
Community information for Walnut Creek, California 94598 
… (4 comments)

San Ramon CA 94582 & 94583 Real Estate Market Activity 2010 Versus 2009 January Thru November - 12/10/10 08:05 PM
The following numbers represent the comparison of homes sold from January through November 2009 versus January through November 2010 in San Ramon, CA 94582 & 94583.

Keep in mind that real estate markets are local in nature and there will be micro markets in every town.  The good news is positive price movement, an increase in total sales as well as a very nice decrease in the average days on the market for the first eleven months of the year.
Current market activity in San Ramon, California 94582 / 94583
Community information for San Ramon, California 94582
Community information for San Ramon, California 94583
… (4 comments)

Danville CA 94526 Real Estate Market Activity 2010 Versus 2009 January Thru November - 12/10/10 07:44 PM
The following numbers represent the comparison of homes sold from January through November 2009 versus January through November 2010 in Danville, CA 94526.

Keep in mind that real estate markets are local in nature and there will be micro markets in every town.  The good news is pricing remained stable while the number of homes sold has increased and the days on market showed a nice decline.



Current market activity in Danville, California 94526 
Community information for Danville, California 94526
… (0 comments)

Blackhawk CA 94506 Real Estate Market Activity 2010 Versus 2009 January Thru November - 12/10/10 07:28 PM
The following numbers represent the comparison of homes sold from January through November 2009 versus January through November 2010 in Blackhawk, CA 94506.

Keep in mind that real estate markets are local in nature and there will be micro markets in every town.  Blackhawk has experienced a moderate price drop over last years level for the Single Family Home market and the prices in the Townhome/Condo market were affected by a couple of distressed sales.  The number of home sales has increased considerably and days on market has also shown a decrease.  Some larger estates have sold as well and the sales price information has been … (0 comments)

Alamo CA 94507 Real Estate Market Activity 2010 Versus 2009 January Thru November - 12/10/10 07:05 PM
The following numbers represent the comparison of homes sold from January through November 2009 versus January through November 2010 in Alamo, CA 94507.

Keep in mind that real estate markets are local in nature and there will be micro markets in every town.  Alamo experienced a moderate drop in average home price from the first eleven months of last year. The good news is that there was a sharp increase in homes sold and a reduction in the days on market compared to last year.
Current market activity in Alamo, California 94507
Community information for Alamo, California 94507 
… (2 comments)

What Is Mello-Roos? Willy Wonka's Latest Creation? - 12/08/10 06:15 PM
Dave does an excellent job explaining what Mello-Roos taxes are and provides and excellent history of how they came to be a part of the fabric of real estate development in California.

Via Dave Gubler - Foothill Ranch, Lake Forest, Ladera Ranch and Mission Viejo (Orange County California Short Sale Specialist-IMLShortSale):
What Is Mello-Roos?  Willy Wonka's Latest Creation?  Unfortunately no. Not a sweet treat!  Not exactly the Golden Ticket you had in mind but still worth understanding. Homes subject to Mello-Roos  can still hit the sweet spot... it's just a matter of having the the knowledge and ability to compare a home with Mello-Roos to … (4 comments)

Walnut Creek CA Real Estate Market Review for November 1st thru 30th 2010 - 12/06/10 08:33 PM
The following numbers represent the Real Estate Market Review for Walnut Creek, CA  94596, 94597 & 94598 for the month of November 2010.

Walnut Creek has 74 homes currently "pending sale" with a high price of $2,750,000 and a low price of $310,000.  There are  75 condo/townhomes "pending sale" with a high price of $569,900 and a low price of $75,000.
October 2010 market activity in Walnut Creek, California 94596, 94597 & 94598
Community information for Walnut Creek, California 94596
Community information for Walnut Creek, California 94597
Community information for Walnut Creek, California 94598
… (4 comments)

San Ramon Real Estate Market Review for November 1st thru 30th 2010 - 12/06/10 08:19 PM
The following numbers represent the Real Estate Market Review for San Ramon, CA  94582 & 94583 for the month of November 2010.  

San Ramon has 120 homes currently "pending sale" with a high price of $3,500,000 and a low price of $270,000.  There are 89 condo/townhomes "pending sale" with a high price of $598,888 and a low price of $115,000.
October 2010 market activity in San Ramon, California 94582 & 94583
Community information for San Ramon, California 94582
Community information for San Ramon, California 94583 
… (2 comments)

Danville CA Real Estate Market Review for November 1st thru 30th 2010 - 12/06/10 06:51 PM
The following numbers represent the Real Estate Market Review for Danville, CA 94526 & 94506 for the month of November 2010. 

Danville has 74 homes currently "pending sale" with a high price of $1,769,000 and a low price of $369,000.  There are 25 condo/townhomes "pending sale" with a high price of $589,000 and a low price of $174,900.
October 2010 market activity in Danville, California 94526 & 94506 
Community information for Danville, California 94526 
… (0 comments)

Blackhawk CA Real Estate Market Review for November 1st thru 30th 2010 - 12/06/10 05:56 PM
The following numbers represent the Real Estate Market Review for Blackhawk, CA 94506 for the month of November 2010. 

Blackhawk has 18 homes currently "pending sale" with a high price of $2,198,000 and a low price of $300,000.  There are 0 condo/townhomes "pending sale" at this time.
October 2010 Real Estate Market Review for Blackhawk, California 94506
Community information for Blackhawk, California 94506
 
… (0 comments)

Alamo CA Real Estate Market Review for November 1st - 30th 2010 - 12/06/10 05:24 PM
The following numbers represent the Real Estate Market Review for Alamo, CA 94507 for the month of November 2010.

Alamo has 32 homes currently "pending sale" with a high price of $2,835,000 and a low price of $649,000.  There is 1 condos/townhome currently "pending sale" at $417,700.
October 2010 Real Estate Market Review for Alamo, California 94507 
Community information for Alamo, California 94507
 
… (0 comments)