Belmont Real Estate Blog

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Real Estate Agent - RE/MAX Star Properties - BRE#01124318 & 01174047
Belmont Real Estate and the Bay Area Peninsula Real Estate Markets
RECENT BLOG POSTS
The San Francisco Chronicle just splashed more bad news about the housing industry all over the front page of the Friday (March 14th) issue. Sales are down-way down. Part of the explanation seems to be that tightening lending standards have made it hard to afford a home since qualifying at artifi...
03/15/2008
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Our best guess is that this housing retraction will be more similar to 2001 than in 1990 which is to say it should be relatively short lived so long as jobs remain plentiful. This means the housing market should level off this year. Our feeling is it will be later in the year rather than sooner. ...
02/07/2008
Belmont It's interesting to note that in the last two years, for the first six months virtually the same number of homes sold-94 in 2006 and 92 in 2007. After the July news of the mortgage industry financial issues, the overall uncertainty of the market, and undoubtedly with anticipation that hom...
01/31/2008
There are great deals to be had on appliances right now. Everyone knows that the U.S. economy is driven to a large degree by consumer spending. Tighter post Christmas spending patterns create a need for stores to offer up sales and financing deals to lure consumers back to the stores. Check out B...
01/29/2008
Let's point fingers. It's the American way-when things go awry, we want to know who to blame. There's got to be somebody out there whose hands are dirty? And if we can't find them we'll pick an easy target.So who's is to blame for the mortgage fiasco? Might there be enough blame to go around for ...
01/24/2008
What You Hear About Median Home Values May Be Completely WrongThe Multiple Listing Service for the Bay Area peninsula has launched the December sales stats and there is some compelling evidence that Bay Area homes values dropped slightly over 2006.The median home price is the midpoint at which ha...
01/10/2008
  ↑Belmont ended the year with 17 sales in December as compared to 14 in 2006 and off the high of 25 in 2005. That's a glimpse the market may not be getting much worse. ↑Of those 17 sales, eight sold over the seller's asking price, two sold at asking and seven homes sold under asking. We indicate...
01/10/2008
The methodology of reporting median home prices varies depending on the source. The MLS uses the aggregate method of calculating the median based on the preceding twelve month sales. We discuss why in a changing market this system is flawed at best.Standard & Poor's methodology is perhaps the mos...
01/10/2008
Days on Market and Price Received CorrelationThough the nation's mortgage industry is tumultuous at best, the peninsula market in the Bay Area is faring much better. Last month 17 homes sold as compared to 14 in 2006 and off the high of 25 in 2005. That's a glimpse the market may not be getting t...
01/10/2008
Why do we celebrate New Year's Day on January 1st? For the same reason the sun never came up in Brittan for 12 days back in 1784-calendars.On September 2, 1752 the good people of England went to bed and when they awoke it was 12 days later. The sun never came up during those days-no newspapers we...
12/29/2007
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Drew & Christine Morgan

Belmont California Real Estate
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