San Lorenzo Valley Home Sales, Prices and 2012 Market Trends Here in the valley, the number of homes selling is on the rise compared to the same period last year. But, the market continues to be dominated by short sales and REOs (sales of bank owned, foreclosed properties), which is dragging pr
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02/28/2012
The Silicon Valley is experiencing economic growth, which spreads out into the Santa Cruz County housing market. Specifically, Pending Home sales this year (January 1 through February 28) are up to 294, compared to 267 last year at this time. Last week, Reuters reported that the national
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02/27/2012
Bay Area Home Sales are UP! At least 3 counties had their best January in 5 years or more. For the Bay Area as a whole, sales rose 6.8%. The President of the Santa Clara County Association of REALTORS noted that “We have multiple offers on almost every sale in the lower part of th
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02/24/2012
Home Sales rose again nationally, showing the 3rd gain in the last 4 months, while inventory shrinks Inventory, or the number of homes sitting unsold on the market, shrank to just over 6 months. This is a key indicator, since a market balanced between and equal number of buyers and sellers ten
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02/23/2012
Here is a great article I found on Active Rain, providing an excellent guide of what to do and what not to do when you are getting ready to buy a home. Lenders and underwriters are looking at potential borrowers through a magnifying glass these days, so you need to stay focused!Dos and Do Nots p
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02/18/2012
Landmark settlement announced against banks for robo signing foreclosures: $12 Billion for California mortgage principal reductions After months of negotiations, 5 major banks settled charges of fraudulently signing foreclosure documents by agreeing to pay $25 Billion dollars out to homeowners an
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02/10/2012
Unemployment falls to 2008 level As more people find jobs, consumer confidence will increase. Employment, in my opinion, is one of the key factors that can lend strength to the housing market, so I’ve been watching this closely. While I don’t see any point in talking about weekly numbers ann
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02/09/2012
Fun stuff to do in Boulder Creek February 11th: This weekend, the town merchants are “putting out.” … Putting their merchandise out on the streets that is, in the manner of a street fair. There will be a raffle, crafts demonstrations, discounts, and Valentines’ gift ideas. These street fa
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02/08/2012
Ben Lomond Home Sales, Prices and 2011 Market Update 2011 –year in review Home sales rose by 50% in Ben Lomond during 2011 - 62 homes sold! The average home sales price was $378,905, taking an average of 2 months on the market prior to going into escrow. The discount between the list price
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02/07/2012
