Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

ALAMEDA HOME AFFORDABILITY
ALAMEDA HOME AFFORDABILITY

ALAMEDA HOME AFFORDABILITY  According to the National Association of Home Builders and Wells Fargo Bank home affordability is at a 20 year high.  74.6 percent of all new and existing homes sold nationwide in the first quarter of 2011 were affordable for families earning the national median income of $64,000.
 

Areal View of the City of Alameda Taken from Above Ballena Bay Marina
 
In Alameda, the news is not as good.  More homes are affordable and interest rates are still low but sales have been slow.  Total sales for detached homes, condos and townhouses were down 9% from the previous quarter in 2010 (statistics from East Bay Regional Data MLS).  The average price for homes sold in the first quarter dropped a bit to $538,771.
 
 
 

However, interest in Alameda housing is still high.  One Zillow.com report rating 19 zip codes in the East Bay, showed that Alamedazip code 94501 was the second most searched for zip code.  For the first quarter, 33,693 people used Zillow to research information about Alameda homes.
 
 

 
 
 

Alameda buyers are very reluctant to buy and they have high expectation regarding ... more

__________________________________________________
Are you on The Rain? Grow Your Network!