Pleasanton, CA Real Estate News

By Brian LeBars
(Vintage Mortgage Group)
Today when opening my mail I realized how hot of an issue Pleasanton's Oak Grove- Keep Our Park Mission is. Below is the leaflet that came in the mail. Please see http://www.keepourpark.org/ to see the piece is a reasonable size.Oak Groves "Keep Our Park Committee" is urging voters not to sign a referendum that will stop the current agreement between the city and the developer to donate nearly.... To find out what was nearly done please read on at Pleasanton Oak Grove. 
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By Brian LeBars
(Vintage Mortgage Group)
As I ran on empty in my fridge for a little over a week I gathered up enough will power to run to the super market for my grocery adventure. You never quite know what will present itself as you travel down the frozen food aisles. To my dismay on the left of the dairy aisle was, what I call, the "Month of Green"; yet another discovery was uncovered.What was uncovered can be discovered by visiting....Green Mortgage Group
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By Brian LeBars
(Vintage Mortgage Group)
 The Oak Grove Development in Pleasanton, CA has become a wildly debated issue.  The past week in the Pleasanton Weekly I noticed two opposite opinions large as day regarding this matter that I felt needed some explanation.  The Left Page Opinion States:Presented by Keep Our Park Committee-To summarize this side, they are for Pleasanton slow growth, and support the donation of the 496 acres set to be donated to Pleasanton to remain as open space. http://www.keepourpark.org/The Right Page Opinion States:........................ To find out read: Oak Grove, Pleasanton
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I had the pleasure of previewing an amazing home in the Avignon Community, which is located right in the heart of Pleasanton. This Green home represents one of the future homes in Pleasanton Luxury GREEN Community's. Avignon is the first All-solar, Zero-Energy community located in Pleasanton, CA. Located at 951 Mingoia Street, (West of Ruby Hill) Pleasanton CA in the Avignon community this gem is loaded with luxury GREEN features.Sustainable in design the Luxury GREEN Features are:Sun Tile's Solar Power System- Tiles that blend in the roofline while adding architectural style Ultra High Efficient (14 SEER) dual zone heating.... This is just the begining. Please vist the rest of this GREEN home and its features at-Luxury GREEN Home
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By Brian LeBars
(Vintage Mortgage Group)
Well you missed the vote on Tuesday night if you didn't read my news update.  Good for you I have an update on the Oak Grove community set for construction in Alameda County, Pleasanton.The Pleasanton City Council approved the second reading of the Oak Grove project despite the fact the backers of Save the Pleasanton Hills initiative announced plans to move forward with the referendum to oppose the development. The 51 luxury homes being built in Pleasanton have been challenged due to the size of the luxury homes.The Pro's and Con's of the Oak Grove in Pleasanton Are:PRO as I stated earlier this week that the Oak Grove developers are donating some 496 acres of open space to Pleasanton to maintain the character of the Pleasanton Ridge Lands. To read this artice further and discover the CO...
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By Brian LeBars
(Vintage Mortgage Group)
Tonight the Pleasanton City council is set to hear the second reading on the development of the Oak Grove Project in Pleasanton. The Oak Grove development being built by Charter Properties is slated to construct 51 custom home sites on the Pleasanton ridge lands. The developer is donating some 562-acres to the city for designated open space.Tonight's Pleasanton City Council meeting is held at the City Council Chamber located at 200 Old Bernal at 7:00p.m. A summary of the ordinance will be published in 15 days in the Valley Times newspaper. For the full post please visit my website at:Oak Grove Pleasanton
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By Brian LeBars
(Vintage Mortgage Group)
We all know it's a roll of the dice getting the BEST DEAL possible when purchasing a home for the first time.  On the brokers end, it's a roll of the dice for us as well, in regards to if we can qualify our clients for First time Home Buyer programs.   I have taken the liberty to research surrounding community lending programs to answer some of the questions I had when purchasing my first home, and decided to share them with you in part one of this series. The main question I hear from individuals who are just starting out and trying to decide where they want to spread their roots is, "What First Time Home Buyer programs are out there?"   My answer always is, "It just depends what city you live in."  With that in mind, part one in the series of information for First Time Home Buyers is ...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
Well, we're half way through the month of October, and the Pleasanton real estate market is moving along at about the same relative pace that is did last month. So far in October, we have 16 single family homes that are pending, which is about the same as the first half on September. Right now, there are 215 single family homes on the market in Pleasanton, which indicates that inventory, while up slightly from the end of September, is relatively stable. But there are some interesting observations about the recent activity in Pleasanton. Since September 1st, there are 50 homes that have gone into escrow (some of which have closed escrow). When you take a look at the all of these sales, several trends emerge:* Over 50% of the sales (28 sales) were on the market for 30 days or less, and al...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
If you just read or listen to the national media, you would think that getting a mortgage loan today is a lot like getting audited by the IRS... a painful, nerve racking experience that inevitably leaves you poorer. But there is good news in the Pleasanton and Tri-Valley CA mortgage market. The lending environment has improved substantially since the meltdown in August. Mortgage investors in the secondary mortgage market (where loans are packaged and essentially sold as bonds) are slowly but surely starting to buy jumbo loans again. This means that lenders are starting to get more aggressive in their pricing, and rates are coming down after a dramatic spike in August. According to Rick Kuhle, Senior Loan Officer at Diversified Capital in Pleasanton, the normal spread between conforming ...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
Interesting day for the financial markets, and the Plesanton and Tri-Valley real estate markets. The Dow Jones Industrial Average climbed above 14,000 today as the stock market rallied to a record high. According to Bloomberg.com:...investors speculated the worst may be over for banks and construction companies hurt by subprime mortgage lossesLennar Corp. and D.R. Horton Inc., the two biggest U.S. homebuilders, advanced after Citigroup Inc. said the industry's 50 percent decline this year has made the stocks attractive. Citigroup led financial shares higher after the largest U.S. bank said it expects "a normal earnings environment" in the fourth quarter and former Federal Reserve Chairman Alan Greenspan said the credit slump may be ending. Meanwhile, a manufacturing report released toda...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
The numbers are in for the Pleasanton CA real estate market in September, and yes sales were down for the month as compared with last month. It continued the downward trend in pending sales since June, which had 67 pending sales. September ended at 36 pending sales for the month. Inventory also edged down, ending the month at 207 available single family homes, down from 220 at the end of August. Both of these trends can be considered seasonal, although the recent downward pressure on interest rates will hopefully spur more sales activity. Certainly, inventory has remained stable in Pleasanton, which has kept our market from the drastic price deterioration that many parts of the central valley have experienced. (click on graph to enlarge)The low end market in Pleasanton CA showed both a ...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
If you are like me, you know subconsciously that you are getting older, but it is generally not something you think about every day. Days, weeks, months go by, and then one day, perhaps after viewing photos from a family event or some social gathering, you are confronted with undeniable evidence that even Phil Spector's jury could agree on... you are getting old. And short of quitting your job, spending 7 hours a day at the gym, and getting cosmetic enhancements from your plastic surgeon, there is not a lot you can do about it.In the world of real estate, the same phenomenon exists with regards to your home's condition. You buy a new house, make it the way you want it, and enjoy it comfortably day after day. Time marches on. Then a few short years later, when you need to sell your home,...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
More bad news this week on the real estate and mortgage markets.  It looks like sales of homes in California were down 28% in August as compared with August 2006.  Not to be outdone, new home sales data shows that sales dropped 8.3% in August from the already depressed July levels, the lowest level of sales in 7 years... well, you get the picture.  The news is equally bad in the mortgage markets, where interest rate adjustments on adjustable rate mortgages are creating turmoil.  So what do we do about it?  We tried lowering rates, but that didn't have the impact we had hoped for.  There are all kinds of solutions being floated, like raising the FHA & FNMA loan limits in California to a more realistic level.  There is even talk of a federal bail-out of troubled loans.  All of these sound...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
As a local top producing Pleasanton CA Realtor, I have built my reputation by providing outstanding service.  From my extensive use of technology and the internet to my cutting-edge marketing programs, I am a forward-thinking real estate agent who excels at assisting Pleasanton California area buyers and sellers in acomplishing their goals.  Call me today for all of your real estate needs, or visit my web site at www.PleasantonAreaHomes.com 
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
So hot off the heals of the Fed's lowering of the Discount Rate by 50 basis points (.5%), there was great optimism that this would give a shot in the arm to the struggling housing market. Much of the population, including many realtors, assume that the Fed has lowered Mortgage Rates, and that it is the Fed that controls the interest rates on mortgage loans. Just to dispel any misconceptions about this, take a look at the graph below. It shows the Federal discount rate, which the Fed just lowered last week, and both conventional (i.e., under $417,000) and jumbo fixed rates. And guess what... after the Fed lowered their rates, the rate on 30 year fixed mortgage loans did change: They went up. (click on graph to enlarge)So why is this? First the easy part. Long term interest rates are set ...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
It looks like some major home builders are starting to run "Sales" to generate interest in their subdivisions. This is not a new tactic, but it certainly is an indication that things are not well in the new home market. First there was Hovnanian Enterprises, who last weekend announced (with much publicity and fanfare, I might add) a 3 day sale at their subdivisions in 19 states across the country, including California. The sale effectively reduced prices by as much as $100,000. There is no truth to the rumor that if you use your Macy's card for the purchase, you get an additional 10% off.Not to be outdone, KB Homes just announced a 24 hour sale. They are offering a flat $20,000 this weekend only for home buyers to spend as they choose.... a purchase price reduction, upgrades, closing co...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
www.PleasantonAreaHomes.com is the most powerful site available for searching Pleasanton homes, properties, and real estate.  Here you can search Pleasanton CA MLS listings, search by neighborhood, search by map, and get information on Pleasanton California market trends, school information, community information, and luxury homes.  Check the blog page for the latest market insights, statistics, and commentary on the Pleasanton CA real estate market. 
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
The Pleasanton CA real estate market continued to limp along in the first half of September, with inventory dipping slightly, but sales off fairly sharply from August levels. Overall, available inventory of single family homes stood at 217 at the middle of September, down slightly from 220 at the end of August. Pending sales activity for the month of September to date is off from August levels, with 16 pending sales so far in September, as compared with 44 pending sales in the month of August. The high point for pending sales this year was in June, when there were 67 pending sales registered. So what is in store for us as we enter the fall? The Fed just lowered the Federal Funds rate and the Discount rate 1/2% each, perhaps providing a shot in the arm to the slumping mortgage credit mar...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
The East Bay Regional Park Distirict has announced a plan to add almost 1500 acres to the Pleasanton Ridge Regional Park. With a generous donation from Curtis Priem of Fremont, who is contributing $1.75 million to the total purchase price of $6.63 million, the Pleasanton Ridge Park will add a vital piece of land bordering Sunol and Niles Canyon Road, as well as an additional staging area further South on Foothill Rd. It will also bring the district one step closer to their long term plan of linking the Pleasanton Ridge Regional Park with the Mission Peak Open Space. Park officials say the Tyler Ranch property land along Sunol Ridge is a recreational gem.Rising from Niles Canyon near sea level to 2,000 or more feet, the ridge has wide dirt trails for hiking, bicycling and horse riding, a...
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By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
It's usually good to be first, but for Stocton, the news is not good. Stockton was just named the foreclosure capital of the U.S., with the highest foreclosure rate of any U.S. city. There have been 8000 foreclosures year to date. There are currently 2800 homes on the market in Stockton, a city with a population of 285,000. To put this in perspective, Pleasanton has a population of 68,000, and currently has 220 homes on the market.Or put another way, if we had the same relative level of inventory and rate of foreclosures as Stockton does, we would have 700 homes on the market right now (as opposed to 220) and over 1900 foreclosures, or almost 250 foreclosures a month. Obviously we are no where near that.Go to www.The680Blog.com to read more.
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