http://blaiselofland.com/blog/ en-us Nucleus CMS v3.24 © Weblog http://backend.userland.com/rss http://blaiselofland.com/blog//nucleus/nucleus2.gif http://blaiselofland.com/blog/ http://blaiselofland.com/blog/index.php?itemid=12 Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market. The National Association of Realtors said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading was the highest since June 2007. Sales are picking up in places that have seen the most severe declines in housing prices including California.

A major unknown is how the worldwide financial crisis and economic slump will affect the housing market.

To read the complete article, please visit:
http://www.contracostatimes.com/realestatenews/ci_10668470?nclick_check=1]]> General http://blaiselofland.com/blog/index.php?itemid=12 Thu, 9 Oct 2008 14:17:31 -0500 http://blaiselofland.com/blog/index.php?itemid=11 Housing bottom coming into view! Economic reports have many industry watchers pointing to a possible end to the downturn. While no one is ready to call the bottom to the worst housing collapse in decades, there were glimmers this week that the severity could be waning. Reports Tuesday showed that the glut of newly built homes on the market fell to a five month low last month, while the decline in home prices is starting to ease, and in some cities are even starting to rise. What’s more, existing home sales rose slightly from June to July according to data Monday. “The bottom of the housing downturn is coming into view”, said Moody’sEconomy.com Chief Economist Mark Zandy.

http://www.contracostatimes.com/business/ci_10308441?nclick_check=1]]> General http://blaiselofland.com/blog/index.php?itemid=11 Wed, 27 Aug 2008 12:02:54 -0500 http://blaiselofland.com/blog/index.php?itemid=10
For the full article, visit: http://www.contracostatimes.com/business/ci_10108469]]> General http://blaiselofland.com/blog/index.php?itemid=10 Wed, 6 Aug 2008 12:16:20 -0500 http://blaiselofland.com/blog/index.php?itemid=9 Good news on the housing front! The latest study from UCLA Anderson Forecast suggests that the plunge in the housing market has reached its lowest point and could soon stabilize at the current low levels. Although Pleasanton and the East Bay in general have been harder hit by the downturn because previous demand has driven prices up and sub-prime mortgages became more popular in the area. The study suggests that before year’s end, home values should reach a bottom that would restore affordable prices to the residential market.

For the complete article visit: http://www.contracostatimes.com/search/ci_9615165?IADID=Search-www.contracostatimes.com-www.contracostatimes.com ]]> General http://blaiselofland.com/blog/index.php?itemid=9 Thu, 19 Jun 2008 16:01:04 -0500 http://blaiselofland.com/blog/index.php?itemid=8 Great news! Home sales inch up in April! It is nice to have good some news in the real estate market! Bay Area activity increased in the month of April. Different counties had varying increases with San Francisco County showing the strongest increase. Alameda County did not perform as well, but this takes into consideration many areas of the county, including Pleasanton. Pleasanton homeowners should be happy as there was a definite increase in activity during the month of April. It appears the availability of money and the mortgage markets may be finally stabilizing, as more favorable loan programs and terms are available to buyers. ]]> General http://blaiselofland.com/blog/index.php?itemid=8 Wed, 21 May 2008 17:49:51 -0500 http://blaiselofland.com/blog/index.php?itemid=7 Market rises on recovery optimism. Investors laid bets that the economy and companies are in a recovery mode despite rising oil costs. In recent weeks results from companies outside of the battered financial and housing sectors were stronger than expected. Friday’s employment report and Mondays data on the service sector are showing that investors are beginning to take more risk. Broader stock indicators also rebounded.

For the full text of this article go to: http://www.contracostatimes.com/search/ci_9168242?IADID=Search-www.contracostatimes.com-www.contracostatimes.com

Great news for the housing market: Yesterday Fannie announced that they would purchase jumbo conforming loans at the same price as regular conforming!
]]> General http://blaiselofland.com/blog/index.php?itemid=7 Wed, 7 May 2008 13:04:26 -0500 http://blaiselofland.com/blog/index.php?itemid=6 Federal Reserve Cut Its Interest Rate by ¼ Percent to 2 Percent. This is the 7th straight cut in the key rate. The good news is that the U.S. Economy grew by .6% in the first quarter of 2008. Although not a substantial growth figure, it may ease concerns that the U.S. Economy had contracted and may be in a recession. Only time will tell whether the reduction in this key rate will stimulate the economy further and possibly being to help the troubled financing in real estate industries.

To read the full text of this article, go to:
http://www.contracostatimes.com/search/ci_9110840?IADID=Search-www.contracostatimes.com-www.contracostatimes.com]]> General http://blaiselofland.com/blog/index.php?itemid=6 Thu, 1 May 2008 16:19:08 -0500 http://blaiselofland.com/blog/index.php?itemid=5
For a full text of this article visit: http://www.contracostatimes.com/business/ci_8854908?nclick_check=1 ]]> General http://blaiselofland.com/blog/index.php?itemid=5 Wed, 9 Apr 2008 17:16:44 -0500 http://blaiselofland.com/blog/index.php?itemid=4 To read the full text of this article go to: http://biz.yahoo.com/ap/080401/wall_street.html]]> General http://blaiselofland.com/blog/index.php?itemid=4 Thu, 3 Apr 2008 10:42:37 -0500 http://blaiselofland.com/blog/index.php?itemid=3 Good news for both Pleasanton home owners and home buyers! The Federal Reserve announced a rescue package on Tuesday (March 11) that would pour as much as $2 Billion into banks and investment houses. This is a highly significant move directed at making funds available for mortgage loans needed by buyers in order to purchase. It is anticipated that this effort may stabilize what have been turbulent financial markets. Many are also predicting another Fed interest rate cut next week to further encourage borrowing and other economic activity. The Fed stated it is the first time they will accept mortgage-backed securities, which will make more funds available to borrowers. This will make it easier to purchase homes, which in turn will make it easier for sellers to move their properties.

See link below to read complete article that appeared on the front page of the business section of the Valley Times Wednesday, March 12
http://www.insidebayarea.com/business/ci_8543574 ]]> General http://blaiselofland.com/blog/index.php?itemid=3 Wed, 12 Mar 2008 13:20:37 -0500