What’s Ahead For Pleasanton Mortgage Rates This Week – July 1, 2013

The past week was active for economic news and Bay Area mortgage rates. The aftermath of the Fed's indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs. If you're thinking of buying … [Read more...]

Existing Home Sales Numbers Show Value Gains Across America- Bay Area Even More

The National Association of REALTORS® released its Existing Home Sales report for March on Monday. The news as we know in the Bay Area is good. Sales dipped from February's seasonally adjusted annual rate of 4.95 million to 4.92 million existing homes sold in March, a decrease of 0.6 percent … [Read more...]

Surprisingly Strong Jobs Report May Affect Bay Area Mortgage Rates

Last week's jobs report -- a combination of the Department of Labor's Non-farm Payrolls Report and Unemployment Rate -- provided investors and job seekers with unexpected good news. Job growth for February handily exceeded most economists expectations of 160,000 by adding 236,000 new … [Read more...]

Existing Home Sales Rise As Bay Area Home Inventory Shrinks

Home sales rose for the 11th consecutive month according to the National Association of REALTORS® Existing Home Sales Report for January. This is the first time this has occurred since the period between July of 2005 and May of 2006 driving mortgage rates higher. National Average Home Price Up … [Read more...]

Decline in Home Sales Could Lead to Lower Home Values and Increased HARP Refinances

Decline in Home Sales Could Lead to Lower Home Values and Increased HARP Refinances

Sales of "new homes" fell to the lowest levels in four months last month. With house prices on the decline, and creating more underwater homeowners, will this prolong an economic recovery? Home Sales Slide...Or Did They? According to the Census Bureau's monthly New Home Sales report, 313,000 new … [Read more...]

Bay Area Real Estate News- Low Foreclosure Volume Slated To Rise This Spring

After a series of months during which foreclosure volume was low, total filings have started to rise again, says RealtyTrac. In February, 21 states posted a year-over-year increase in monthly foreclosure filings, according to the national foreclosure-tracking firm. This is nearly twice as many … [Read more...]

Pending Bay Area Home Sales Point to Spring Sellers Market

Pending Bay Area Home Sales Point to Spring Sellers Market

The Pleasanton housing market appears headed for a strong spring season. After a brief setback in December, the National Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior. Inventory and Days on Market Numbers Low The data puts pressure on … [Read more...]

New Construction Inventory Low in the Bay Area- Sellers Market Ahead?

The new construction market rolls on. As foreshadowed by February's Homebuilder Confidence survey, which rose to a 4-year high, the Census Bureau reports new homes are selling more quickly than builders have built them, lowering the national "home supply" to levels not seen since 2006. A "new … [Read more...]

Is the Bay Area Foreclosure Market Making a Turn For the Better?

Is the Bay Area Foreclosure Market Making a Turn For the Better?

Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It's yet one more signal that the U.S. housing market may have already climbed off its bottom. Bay Area Foreclosures According to RealtyTrac, a "foreclosure filing" is any one of the … [Read more...]

Homebuilder Confidence Back in the News- How Will it Affect Dublin, CA New Construction

Homebuilder Confidence Back in the News- How Will it Affect Dublin, CA New Construction

  New construction home buyers in Dublin , look out. The nation's home builders are predicting a strong 2012 for new home sales. It may mean higher home prices as the spring buying season approaches. Pre Recession Levels For the sixth straight month, the National Association of … [Read more...]