Silicon Valley Real Estate & Miscellany

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Real Estate Agent - Certified Realty Services - BRE# 00572654
The Santa Clara County real estate market is adjusting to the tightening credit standards and subsequent loss of Buyers. From about 2002 to 2006 the real estate market was kept more active than the underlying fundamentals would justify because of the liberal financing and easy credit standards. Buyers didn't need a down payment, they didn't to verify their income and they used deeply discounted adjustable interest rate loans to qualify to financing. All of this is "coming home to roost" and the low-end of the market, in particular, is very soft. Well-priced homes in good locations are still active.

ARCHIVED BLOG POSTS

2012 

The Day Funding Checks Bounced If "outrageous" is defined as a something that causes outrage, the following story qualifies for the Outrageous Real Estate Stories contest.   Is everyone familiar with the "Good Funds" law?  It's probably called a different name in other States, but in CA "Good Fun...
10/23/2012
The Case of the Runaway Wife The current AR contest about Outrageous Real Estate Stories is bringing back buried memories, and I'm enjoying that.  This is my third entry and I don't usually enter the contents.  I had a listing in South San Jose, a blue collar neighborhood.  It was a single family...
10/21/2012
Why Are You Selling?  To Get Rid of My Grown Son.  The AR contest about outrageous stories has caused old and forgotten memories to percolate up into my consciousness.  I'm enjoying that.  It's the outrageous, and the weird, and the strange situations and people that keep this business fresh and ...
10/19/2012
An Outrageous Real Estate Story That's All in the Family. Many years ago I listed a home in central San Jose.  It was Real Estate Owned (REO) by a Hard Money Lender from San Mateo County, the neighboring county. The condition of the house surprised me.  From the address I knew it was probably old...
10/12/2012
Boom and Bust in Silicon Valley;  22 Year History of Median Home Prices in Silicon Valley, Santa Clara County, California and the United States. A graph of the Median Sale Price of Single Family Residences in Santa Clara County and California looks like a roller coaster ride.  The Median Sale Pri...
10/09/2012
Rainmaker
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Lloyd Binen

Silicon Valley Realtor since 1976; 408-373-4411
local_phone(408) 373-4411
smartphone(408) 373-4411
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What's Up in Silicon Valley Real Estate. Particularly Saratoga, Cupertino, Campbell, West Valley, Mountain View and Sunnyvale.