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 

Wordless Wednesday; In the Saratoga CA Garden Mother Nature doesn't make many bright, shiny orange things, so these  Aloe Aculeata (aculeata means prickly) flowers look surreal; like tiny orange bananas, but shiny, and growing on a cob, instead of corn.  There are hundreds of Aloe varieties.  Man...
03/28/2012
Interest Rate Caps in Purchase Contracts-Weasel Clause or Necessary Buyer Protection? Everyone knows the situation.  The Selling Agent fills-in the Financing Contingency paragraph with an interest rate cap that's very close to current rates. If rates continue rising they'll soon exceed the cap, a...
03/24/2012
Foreclosures and Short Sales in Santa Clara County The Graph shows the percentage of Santa Clara County home sales that were either Short Sales or sales of Real Estate Owned (REO) by a lender who acquired ownership through foreclosure.  Together these comprise "Distress Sales" which are also show...
03/22/2012
How do you replace a 135-year old, mortared brick foundation without damaging the house?  By keeping everything where it was when there was a foundation.  Hilly Pacific Heights in San Francisco makes that tough job, much tougher.  Steels pipes provided lateral support so the stairway (barely vis...
03/21/2012
Campbell CA Home Sales and Listings; February 2003 - February 2012 The Graph shows the number of Campbell CA homes Listed (i.e, put on the Multiple Listing Service) For Sale in February, and the number Sold from 2003 through 2012 according to the local Multiple Listing Service (MLS;MLSListings, I...
03/19/2012
Campbell CA Home Sales in February 2012 The Map and Table show all Campbell, CA homes sales in February 2012 according to the local Multiple Listing Service (MLS;MLSlistings, Inc.).  The School District is shown in the column on the right. The bottom row of the Table shows the averages.  The "ave...
03/18/2012
How Long Does it Take to Sell a Silicon Valley Home? Not long.  One-half of the homes sold in February 2012 in several Silicon Valley cities and towns sold in 14 days, or less.  Those are the facts from the local Multiple Listing Service (MLS;MLSListing, Inc.) Home sales in Silicon Valley last mo...
03/17/2012
The Graph shows the number of Cupertino Home Listings (homes put on the MLS market For Sale) and Sales each February from 2003 through 2012 according to the local Multiple Listing Service (MLS; MLSListings, Inc.). Only 37 Cupertino homes were put on the market For Sale in February 2012, the seco...
03/17/2012
Cupertino Home Sales in February 2012 The Map and Table show all Cupertino CA home sales in February 2012 according to the local Multiple Listing Service (MLS;MLSListings, Inc.). The average home sold in Cupertino in February 2012 was (as shown on the bottom row of the Table) a 3.5 bedroom, 2.4 b...
03/15/2012
Who Owns the Termites in a Condo, Townhouse or PUD? Sheila and Larry wrote a featured post about the difference between Condos, Townhouses and PUDs.  That's helpful information for home buyers because they generally don't understand the differences.  What practical difference does it make to the ...
03/15/2012
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.