The Market Now – Reality Check

0 COMMENTS

January 27, 2012 by Karen Crowson in General Real Estate Information

Part 1 of this post focused on the peak of the real estate market in 2005, longingly remembering the rush those prosperous days brought. This is certainly the antithesis of that.  Our expected ‘correction’ seemed endless, leaving economists scratching their heads, save for a few who predicated the bust.  But the real estate world as taken on a different face, for buyers and sellers alike, with  agents and industry folks in the thick of it. We’ve all faced some tough stuff.  But there are some positive things going on as well.

• Equity has diminished greatly for some sellers. Others have none at all and faced the worst – short selling their homes or losing it to the bank.  Economists say we bottomed out in 2009. We may never see the kind of double-digit appreciation we once did, but many markets have stabilized . Gratefully, that seems to be true in the San Francisco Bay Area. (more…)

Livermore, CA Detached Home Sales By Quarter, 2011

0 COMMENTS

January 18, 2012 by Karen Crowson in Livermore Market Reports

Last year, last quarter had the second highest sales activity, which was a little unusual. It was in part due to the ‘regular’ spring sellers moving their purchase time forward. Many of those were first time buyers, taking advantage of tax incentives and others in California were for new construction incentives. (more…)