Economic News...The minutes of the Federal Open Market Committee did not reveal any substantial change in thought about current monetary policy. A nice tidbit was that the view of the economic results and reports since the last meeting “was somewhat more positive than expected”. Weekly Jobless Claims, while disappointing last week, made a dramatic about-face this week coming in at 346K versus the expected 365K. The two major reports for today have contributed to improvement in the bond markets and mortgage rates. Retail Sales figures were tepid and are definitely worth watching in the near-term as … (3 comments)
executive brokers: Bay Area Mortgage & Market Update for April 5th
- 04/05/13 09:34 AM
Economic News...was a little weaker than expected. The ISM Manufacturing Index and Factory Orders results were mixed. While the headline figures were tepid there was some positive data hidden in the underlying numbers. Employment stats for the week were the real market driver. On Wednesday, the ADP Employment Report results predicted a weaker Employment Situation in Friday’s release. This came true with today’s announcement of 88,000 jobs created versus the 193,000 expected. The unemployment rate trended lower to 7.6% but the labor force participation rate dropped from 63.5% to 63.3% which is a level not seen since 1979. Is the … (2 comments)
executive brokers: East Bay Mortgage & Market Update for 9.30.11 Welcome to October!
- 09/30/11 07:37 AM
Mortgage and Market Update for September 30th Economic News: The equity markets continue to look for some footing this week ending a rocky 3rd Quarter where the Dow Jones has lost about 10% of its value before today's drubbing. While still having some significant intraday swings the efforts to stabilize the debt troubles within the European Union will hopefully help in the upcoming weeks. Our economic reports continue to be a “mixed bag” with New Home Sales, Case-Shiller Home Price Index & Pending Home Sales not too positive. There was some good news in the sub-segments of the data. The Durable … (7 comments)
executive brokers: East Bay Mortgage & Market Update for September 23rd 2011
- 09/23/11 11:38 AM
Mortgage and Market Update for September 23rd Economic News: Another Rock and Roll week is coming to a close. The stresses in Europe combined with the Federal Open Market Committee announcement on Wednesday sent the stock markets into a tailspin. The Fed will be proceeding with what is called “Operation Twist” and the language changed on the economic outlook from “downside risk” to “significant downside risk”. Housing starts were hurt by a large drop in the very volatile multifamily sector while the single family portion of the report saw gains in both the West and Midwest. Existing home sales were very … (3 comments)
executive brokers: East Bay Mortgage & Market Update for September 16th 2011
- 09/16/11 09:26 AM
Mortgage and Market Update for September 16th Economic News: This week’s stock market rally kept interest rates under pressure. Five central banks agreed to coordinate US Dollar liquidity for European Banks. This has lessened the stress they were under and removed some of the volatility which has been roiling the markets. The Producer Price Index came in a little higher than expected but inflationary pressures showed signs of easing. On the other hand, the Consumer Price Index diverged from the PPI and inflation remains a little on the hot side. Weekly Jobless Claims rose to 428,000 and the four week moving … (2 comments)
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. The Alamo market is showing a bit of a slow down from 2010 in sales while pricing in the Single Family space has remained steady. The attached home information varies greatly as the data sample is too small to really reach any conclusions. … (0 comments)
executive brokers: East Bay Mortgage & Market Update for September 9th 2011
- 09/09/11 07:16 PM
Mortgage and Market Update for September 9th Economic News: Another volatile week comes to a close. The cloud over the market continued with the debt troubles within the European Union. A chief economist for the European Central Bank announced his departure by the end of the year and struggles continued on trying to deal with Greece on their debt. Our economic news was fairly light this week. The ISM Non-Manufacturing Index for August beat expectations. The Beige Book, compiled ahead of the Federal Open Market Committee Meeting, points to the fact that a double dip recession is not in the cards. … (4 comments)
executive brokers: Danville's Bettencourt Ranch Real Estate Update for August 31st 2011
- 08/31/11 10:55 AM
Established in the early to mid 1990’s by Castle Construction & Dame Homes Bettencourt Ranch is a gated community located adjacent to Blackhawk County Club and a little over five miles east of the Town of Danville. The neighborhood is beautifully situated in the rolling hills offering privacy as well as views of the surrounding area.Bettencourt Ranch consists of 421 homes and within the community there are approximately 14 different original floorplans. The homes are a mixture of one and two story residences featuring four/five bedrooms and two/threes baths. They range in size from approximately 2400 to 3500 square feet.Adjacent to … (6 comments)
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. The Alamo market is showing a bit of a slow down from 2010 in sales while pricing in the Single Family space has remained steady. The attached home information varies greatly as the data sample is too small to really reach any conclusions. … (0 comments)
executive brokers: Blackhawk CA Short Sales Snapshot as of July 17th 2011
- 07/17/11 02:19 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 July 17th 2011.
Please keep in mind that this only reflects the market on the specific day quoted. Blackhawk Short Sales can take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range. Please contact me for a more detailed analysis of the Blackhawk market. … (2 comments)
Please keep in mind that this only reflects the market on the specific day quoted. Alamo 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. Please call for additional information on the Short Sale Market in Alamo. … (0 comments)
executive brokers: The 23rd Annual Woodranch Community Garage Sale is Here!!!
- 07/14/11 09:00 AM
This Saturday the 16th of July from 8AM to 1PM the Woodranch neighborhood in Danville is having its annual sale. 60 homes are currently signed up to participate. Come by and take advantage of the 1000’s of items which will be available. This is a do not miss yard sale event.Directions:From 680 take Sycamore Valley Rd ExitGo East on Sycamore Valley RoadContinue on Camino TassajaraRight onto Wood Ranch DriveFlyers will be available in front of the Club House Woodranch 2011 Garage Sale … (10 comments)
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Blackhawk has seen a bit of a fall off in unit sales thus far this year but the median price has experienced a nice rise. I would not put too much weight on the attached homes at this point since the data sample is so small. There have been several large estates sold in the last … (2 comments)
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. The Alamo market is showing a bit of a slow down from 2010 in unit sales in the single family home space while pricing has ticked down a bit as well. The attached home information varies greatly as the data sample is too small to really reach any conclusions. Community information for Alamo, California … (2 comments)
executive brokers: Blackhawk CA Short Sales Snapshot as of June 6th 2011
- 06/06/11 02:37 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 June 6th 2011.
Please keep in mind that this only reflects the market on the specific day quoted. Blackhawk Short Sales can take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range. Please contact me for a more detailed analysis of the Blackhawk market.
Community information for Blackhawk, California 94506 … (0 comments)
Please keep in mind that this only reflects the market on the specific day quoted. Alamo 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. Please call for additional information on the Short Sale Market in Alamo. Community information for Alamo, California 94507 … (2 comments)
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Walnut Creek has experienced moderate declines in unit sales and median value for the single family market. Attached home sales are almost identical while the lower end sales are dragging down the median. Community information for Walnut Creek, California 94596 Community information for Walnut Creek, California 94597 Community information for Walnut Creek, California 94598
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Blackhawk has seen a bit of a fall off in unit sales thus far this year but the median price has experienced a nice rise. I would not put too much weight on the attached homes at this point since the data sample is so small. There have been several large estates sold in the last … (0 comments)
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. The Alamo market is showing a bit of a slow down from 2010 in unit sales in the single family home space while pricing has remained steady. The attached home information varies greatly as the data sample is too small to really reach any conclusions. Community information for Alamo, California 94507 … (0 comments)
executive brokers: Danville's Bettencourt Ranch Real Estate Update for May 17th 2011
- 05/17/11 01:13 PM
Established in the early to mid 1990’s by Castle Construction & Dame Homes Bettencourt Ranch is a gated community located adjacent to Blackhawk County Club and a little over six miles east of the Town of Danville. The neighborhood is beautifully situated in the rolling hills offering privacy as well as views of the surrounding area.Bettencourt Ranch consists of 421 homes and within the community there are approximately 14 different original floorplans. The homes are a mixture of one and two story residences featuring four/five bedrooms and two/threes baths. They range in size from approximately 2400 to 3500 square feet.Adjacent to … (4 comments)
Mortgage and Market Update
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