Summer is over and the kids are back at school. This time of the year is normally considered the slow down-period for the real estate industry. Real estate industry is a cyclical business which goes through the same cycle year by year. So we are bound to see some changes in the marketplace at this time of the year. The big question right now for people who are in the market for real estate seems to be whether a cooling down period or a new trend is happening in Silicon Valley. After a remarkably robust rise in sales activity since 2012, most … (2 comments)
santa clara county market conditions: Santa Clara County Real Estate Trends Report
- 08/01/15 05:20 AM
There is a lot of information floating around out there in internet land. Perhaps too much information and it is up to individuals to filter through and extract useful information. This is fine if your job is to filter things for a living or you have a lot of free time to engage in this practice. If not, then here is an alternative. For those folks who don't have to or want to filter through tons of information, I have made available to my clients and friends a site where they can get simple, and graph based data and short commentaries … (0 comments)
santa clara county market conditions: Market Trend September 08 - September 10 in Santa Clara County
- 10/12/10 12:23 PM
Here is a snap shot of the market trend in Santa Clara County for Single Family Home and Condo/Townhomes. How is the market doing? See for yourself. One thing is very certain in all types of homes: the inventory of homes hitting the market has plateaued, the lenders are not making the mistake of flooding the market with too much inventory at once.
SINGLE FAMILY HOMES
CONDO/TOWN HOMES
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santa clara county market conditions: Santa Clara County Market Conditions: Nov 09 vs. Nov 08
- 12/28/09 05:16 PM
In less than a week 2009 will leave us behind and we will greet the new decade by welcoming 2010. In the last 3 years of the past decade, we have seen a dramatic shift in the real estate market place. A shift that most of us could not fathom in the beginning of the passing decade; yet reality bit us hard and we got to live through an epic correction in the real estate market place. Are we out of it yet? Of course not. Have we by-passed the worst of it? Probably. However, as long … (1 comments)
Yesterday, the HUD announced the new decision to permit FHA lenders to allow first time home buyers to use up to the full $8,000 tax credit as down payment.(click the underlined portion please to see link).
This is an interesting move which has the potential to help many first time home buyers out of a difficult … (0 comments)
santa clara county market conditions: I've never heard of Keller Williams.......
- 02/26/09 05:38 AM
The comment I get most when clients or prospective clients find out I work for Keller Williams is: "I've never heard of them." I have to constantly explain that we are a national company and that we are in fact, the 4th largest national real estate company. Well, I have to correct a mistake that I have been apparently making thus far........ we are the THIRD LARGEST real estate company in the nation with over 72,000 agents and have surpassed Re/Max. Congratulations everyone at Keller Williams on the tremendous work!
As of 10/27/08, the Absorption Rate for Single Family homes was 7.61 months and Condos/Townhomes was 7.67 months.
Absorption Rate projects out into the future the amount of time (in months) it will take to sell a typical home if it come into the market place now. Simply put, it is a formula which looks at the numbers of homes sold in a designated area in the past (typically a full year) and compares those against the number of homes that are unsold in the marketplace (right now), to come up with the projection. It is perhaps the single most important formula in making … (0 comments)
santa clara county market conditions: Here we go again....
- 03/15/07 10:14 AM
The newspapers are at it again, proclaiming that the real estate market gloom and doom headlines like: "February Bay Area Home sales at 11 year low, prices flat." Trumpeting this bit of news it as if it were the gospel truth. But look closer at the sub-headline in small print: But Santa Clara County resale home prices up 4%. Now why would they put the second part of the headline in tiny print like they did? To sell papers through sensationalism! They are not mis-reporting the news, but rather, they are just focusing their attention on the bad news and down … (1 comments)
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