Why the Housing Market Will Not Recover in the Near Future
August 15, 2008
Today, I am going to play Devil’s Advocate. This is part 1 of 2 for a blog series reporting on opposing views of the direction of the housing market. Next up - a post on ‘Why the Housing Market Will Recover in the Near Future’.
Here are five reasons why the housing market is in for a long recovery period:
- Defaulting Prime Mortgages
- Inventory Supply
- Restricted Credit
- Sale Prices Don’t Cover What Sellers Originally Paid
- Another Round of Adjustable Rate Mortgages are Scheduled to Reset
Each one of these reasons is damaging to a housing market in itself. However, when combined, we could be in for Read more
Got Headache? Explaining the Wall Street Chaos
March 31, 2008
I stumbled upon this great article that helps to breakdown and describe the chaos on Wall Street and how it impacts the everyday citizen. Many people out there are still very confused about what is going on with the financial markets. This article will help breakdown the impacts and consequences all of us face in the Tri-Valley.
Livermore Economic Development
March 19, 2008
At a recent sales meeting, the City of Livermore’s director of economic development, Rob White, came to speak to us about Livermore’s current and future economic development. Rob updated our group about tourism, the Lawrence Livermore Lab and Livermore’s bustling new downtown area.
Mr. White started his discussion by giving us a quick statistic. Currently, there are 38 million people living in California. That number is projected to explode to 50 million by the year 2025. This is relevant because Livermore is focused on developing itself in order to capture its share of this increased population growth.
Tourism is quickly becoming Read more
Banks Get Help, Mortgage Rates Rise. What Gives?
March 2, 2008
That’s the question on the mind of many of my Tri-Valley real estate clients. Buyers and Sellers are perplexed. Many people are under the impression that the recent moves by the Federal Reserve would directly ease the pain associated with the current housing and credit crisis for home owners and buyers. 
Instead, it appears these moves have veered towards a different path - interest rates have been creeping upward. Some of the reasons for this are that banks are more reluctant to make home loans, they have tightened underwriting standards and they are taking the recent rate cuts to shore up their own balance sheets.
Expectations for Real Estate and the Economy in the Tri-Valley for 2008
February 14, 2008
Every time I have the opportunity, I go and listen to one of my favorite speakers
, Carole Rodoni. She is currently the President of Bamboo Consulting and delivers speeches throughout the Bay Area. In Carole’s most recent discussion, she talked specifically about the economy and the 2008 outlook for the real estate market within California and in particular, the Tri-Valley area. Read more
