What does this mean to Livermore real estate? How will Livermore real estate respond?

I think it will be more of a "hurry up and wait" scenerio. Oil and housing figures are in, people are spending less, and oil prices are rising. This could be good news for the interest rates if the trend continues. One should be cautioned to expect this, but should rather be advised to make sound decisions in this buyer's market. Meaning not only getting a good price on your home purchase but also getting a longer termed fixed loan, maybe a five year fixed or even a seven year fixed. Expect values to stay steady for quite some time. It seems almost mandatory that we must wait for job incomes to close the gap more on housing prices, we are in a catch up period.

If you planning on selling your home, expect to get less then you ask and expect to pay for almost everything on the buyer's behalf (ie. closing costs, repairs, some inspections, etc.). The reason you should expect to do this is simple, if you don't the buyer will go to the next house. There are about 400 houses on the market in Livermore and about 120 houses that are pending in Livermore. Translation, expect a marketing time of about 60 days average if your house is priced competively.....