This is a great way to stay on top of foreclosure homes in Ruby Hill and all of California:
http://www.foreclosureradar.com/california/alameda-county/94566-foreclosures/listings
Please contact Anju at RubyHillLiving.com for further information on these properties.
Tuesday, May 17, 2011
Friday, April 15, 2011
Bay Area Hiring up/Bay area homes - great investment
Bay AREA hiring is UP
Small, medium sized businesses in the Bay Area plan to hire more workers in 2011 according to a recent survey. 31% of employers in the 9 county region intend to increase their workforce, a level of optimism not seen since 2007.
According to Tully, Fortune Magazine’s senior editor at-large, the Bay area is one of the best places to invest in real estate. He predicts greater affordability (with the improving job market, low interest rates and 30% plus declines in home prices) combined with low inventories will lead to higher home prices in the not too distant future.
Please contact Anju Bhatia for further information on any of the above or comments: Anju@RubyHillLiving.com
Small, medium sized businesses in the Bay Area plan to hire more workers in 2011 according to a recent survey. 31% of employers in the 9 county region intend to increase their workforce, a level of optimism not seen since 2007.
According to Tully, Fortune Magazine’s senior editor at-large, the Bay area is one of the best places to invest in real estate. He predicts greater affordability (with the improving job market, low interest rates and 30% plus declines in home prices) combined with low inventories will lead to higher home prices in the not too distant future.
Please contact Anju Bhatia for further information on any of the above or comments: Anju@RubyHillLiving.com
Foreclosure Notices Down
The East Bay saw a decline in foreclosure activity for the month of February after a jump in January! In Alameda county notices of default (NOD) were down 42.2% from a year ago and down 38.4% from the previous month. In the Bay area as a whole, NODs were down by 39.9% from a year ago.
visit http://www.anju4homes.com/
visit http://www.anju4homes.com/
Pleasanton home sales
Homes priced over $900,000 are selling much faster this year than last – compare 22 this year to 12 last year by February end. This could be attributed to the easing of jumbo loans and a greater confidence in the real estate market.
visit http://www.anju4homes.com/
visit http://www.anju4homes.com/
Ruby Hill Home Sales March 2011
The spring market has not brought much of an increase in inventory and selling activity remains promising:
February 28, 2011 Total Bank owned share Short Sale Share
Active 17 0 0
Pending 7 0 3
Sold to date 2011* 11 1 2
*COE 01/01/10 or later
3 homes went pending this past month – on Piemonte, Campinia and Via di Salerno. 2 of these homes were pending within 2 weeks of being on the market. Currently, 6 of the 17 homes on the market are priced over $2.5 million and been on the market for several months. Fortunately none of the active properties are short sales or bank owned. 2 homes closed escrow in March – 1907 Zenato Place and 473 Sangro Court. The only bank owned property which was on the market this year sold for $1.8 million on 1773 Via di Salerno.
visit http://www.rubyhillliving.com/
February 28, 2011 Total Bank owned share Short Sale Share
Active 17 0 0
Pending 7 0 3
Sold to date 2011* 11 1 2
*COE 01/01/10 or later
3 homes went pending this past month – on Piemonte, Campinia and Via di Salerno. 2 of these homes were pending within 2 weeks of being on the market. Currently, 6 of the 17 homes on the market are priced over $2.5 million and been on the market for several months. Fortunately none of the active properties are short sales or bank owned. 2 homes closed escrow in March – 1907 Zenato Place and 473 Sangro Court. The only bank owned property which was on the market this year sold for $1.8 million on 1773 Via di Salerno.
visit http://www.rubyhillliving.com/
Friday, March 11, 2011
Pending Home sales ease in January
Pending home sales eased moderately in January for the second straight month, but remain 20.6 percent above the cyclical low last June, according to the National Association of Realtors®.The Pending Home Sales Index,* a forward-looking indicator, declined 2.8 percent to 88.9 based on contracts signed in January from a downwardly revised 91.5 in December. The index is 1.5 percent below the 90.3 level in January 2010 when a tax credit stimulus was in place. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
The pace of January existing-home sales actually rose by 2.7% from December to 5.36 million, slightly higher than NAR’s annual forecast for 2011. If contract activity stays on its present course, there should be an 8 percent increase in total existing-home sales this year. Foreclosures accounted for 37% of the January home sales, keeping pressure on pricing which sank to their lowest levels in nine years.
“According to Yun, chief economist of National Association of Realtors, “The broad fundamentals for a housing recovery are developing. He said “Job growth, high housing affordability and rising apartment rent are conducive to bringing more buyers into the market. Some buyers may be looking to real estate as a hedge against potential future inflation.” Whilst investors are becoming increasingly active in the housing market, traditional buyers continue to exercise caution due to unknowns such as the shadow inventory, increasing number of mortgage defaults and the pace of job growth. This pent up demand will definitely be helpful in strengthening the housing market once some of the uncertainty begins to fade.
Please contact Anju Bhatia http://www.rubyhillliving.com/ if you are considering purchasing a home in the Pleasanton, Dublin, Livermore or San Ramon areas.
The pace of January existing-home sales actually rose by 2.7% from December to 5.36 million, slightly higher than NAR’s annual forecast for 2011. If contract activity stays on its present course, there should be an 8 percent increase in total existing-home sales this year. Foreclosures accounted for 37% of the January home sales, keeping pressure on pricing which sank to their lowest levels in nine years.
“According to Yun, chief economist of National Association of Realtors, “The broad fundamentals for a housing recovery are developing. He said “Job growth, high housing affordability and rising apartment rent are conducive to bringing more buyers into the market. Some buyers may be looking to real estate as a hedge against potential future inflation.” Whilst investors are becoming increasingly active in the housing market, traditional buyers continue to exercise caution due to unknowns such as the shadow inventory, increasing number of mortgage defaults and the pace of job growth. This pent up demand will definitely be helpful in strengthening the housing market once some of the uncertainty begins to fade.
Please contact Anju Bhatia http://www.rubyhillliving.com/ if you are considering purchasing a home in the Pleasanton, Dublin, Livermore or San Ramon areas.
Bay Area Foreclosures up from a year ago
January saw a big jump in the foreclosure notices in the Bay Area – up by 40% compared to a year ago, as banks move past the self imposed moratorium. A total of 2,615 homeowners in Alameda, Contra Costa, Marin , San Mateo and San Francisco received a notice of default in January. That is an 8.3% increase from December 2010. In Alameda alone, the notices of default went up by 30.1% as compared to January last year. Several banks have improved their short sales processing to accommodate the likely increase of such sales, which is being reflected in a higher number of successful transactions.
On a positive note, the bay area added 1,800 jobs in December even whilst California’s unemployment rate worsened to 12.5% from 12.4% in November.
Contact Anju Bhatia for more information on foreclosure homes in the Pleasanton, Livermore, Dublin or San Ramon areas or visit http://www.anju4homes.com/
On a positive note, the bay area added 1,800 jobs in December even whilst California’s unemployment rate worsened to 12.5% from 12.4% in November.
Contact Anju Bhatia for more information on foreclosure homes in the Pleasanton, Livermore, Dublin or San Ramon areas or visit http://www.anju4homes.com/
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