alamo: History of Home Prices and Interest Rates
- 02/08/10 09:13 AM
I couldn't wait to see what the graph looked like this year as 2009 was a down year for home prices across the country. In normal markets, when interest rates are low (see history of interest rate chart below), home prices normally increase. Even at the previous historic low in 1963 rates were around 6%. Last year they averaged just under 5%. The government has kept interest rates artificially low. There is always a price to pay when the government interferes in the markets. Unintended consequences can be expected later this year and in future years. Here are the actual percentage decreases in home … (2 comments)
alamo: Current real estate market for Alamo, CA
- 03/30/09 08:39 AM
So... How is the Alamo CA housing market doing today? With all the talk about the big increases in housing sales here in California you might assume everything was great, right? Well in Alamo and the surrounding communites of Danville, Blackhawk, San Ramon and Walnut Creek you would be wrong. The Alamo, CA community has not seen a single family detached home priced below $600,000 since way back in 1996/97. I was doing my Alamo Home Search this weekend and found a home priced at $625,000, granted it was very close to the freeway and on a busy road but still, it's a … (0 comments)
alamo: History of Home Prices and Interest Rates
- 02/18/09 12:21 PM
Average Selling Price for Detached Single Family Homes Average selling price, since 1983, for detached single family homes for the towns of Alamo, Blackhawk, Danville, San Ramon and Walnut Creek, California, with corresponding inserted interest rate chart. I've charted and graphed price changes for the last 25 years in these areas. It's interesting to note that if you were to project a line at an angle aligning the most stable years you'll see we're still about 25% higher now than we should be, but that's just my opinion. Take a look at the interest rate chart which goes back to 1963. Current interest rates … (2 comments)
alamo: Alamo Home Search
- 12/12/07 07:56 AM
Today I spent some time looking at home listings in Alamo, CA. There are many properties of all types for sale from town-homes, single family homes and vacant lots. If you've been searching for an affordable home in Alamo in the past, perform an Alamo home search today. You'll find a town-home under $600,000, and single family homes starting at $669,000, on .94 acres! In addition, there is a .94 acre lot with an asking price of $649,000. If you've kept track of Alamo home values in the past you know the times they are a changing. But will Alamo home prices be this affordable in the … (0 comments)
alamo: Alamo California
- 02/10/07 05:03 AM
Alamo is an unincorporated city in the San Ramon Valley area. Up to date statistics on alamo are difficult to get due to it's unincorporated status. Alamo is considered one of the "Prestigious communities" located at the foot of Mt. Diablo. It is home to many up and coming executives. Even though Alamo is governed from Martinez by the County Board of Supervisors, they still maintain local control through their own improvements association. Real estate home sales in Alamo is limited by the number of homes available in this small area surrounded by Walnut Creek, Danville and Mt. Diablo state park. … (0 comments)
alamo: Updated History of Home Prices, Contra Costa County
- 12/29/06 10:05 AM
As a real estate broker, it's my responsibility to provide my clients with the information they need to make informed decisions. I use Microsoft Excel to chart and graph the average yearly contract interest rate and sold price of single family homes in Alamo, Blackhawk, Danville, San Ramon and Walnut Creek. When home prices and interest rates are displayed in chart format, it's much easier to educate prospective buyers and sellers about the real estate market. But more importantly, it shows what a fantastic investment real estate is, especially considering it's usually a leverage investment. An interest rate chart is included showing rates from 1983 … (1 comments)
Information and real estate market statistics for Alamo, CA. An inside look into the truth about real estate. How to find the right properties and negotiate the best deals. Real Estate professionals at Area Pro Realty.
I couldn't wait to see what the graph looked like this year as 2009 was a down year for home prices across the country. In normal markets, when interest rates are low (see history of interest rate chart below), home prices normally increase. Even at the previous historic low in 1963 rates were around 6%. Last year they averaged just under 5%. The government has kept interest rates artificially low. There is always a price to pay when the government interferes in the markets. Unintended consequences can be expected later this year and in future years.;)
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