living in the tri valley: East Bay Mortgage & Market Update for November 18th 2011 - 11/18/11 03:48 PM
Mortgage and Market Update for November 18th
Economic News: Another week has come and gone with most of the attention still being paid to the on going debt crisis within the European Union. Markets will continue to be volatile ahead of the Thanksgiving Holiday as they hope for good news out of Europe as well as a deal by next Wednesday from the “Super-Committee” on US Deficit Reduction. The news on our economy was good all around this week. Inflation concerns were muted in the Producer & Consumer Price Index reports.Retail Sales handily topped estimates with electronics and appliance stores leading … (4 comments)

living in the tri valley: San Ramon CA Short Sales Snapshot as of November 15th 2011 - 11/15/11 06:15 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for San Ramon, CA 94582 / 94583 as of November 15th 2011. San Ramon pending sales are still dominated by those who are "selling short". Single family homes which are currently on the market have much less of a concentration of short sales due to the fact that it just takes time to get these closed. The Condo & Townhouse market, like many other local cities, continues to struggle with a large number of distressed transactions.

Please keep in mind that this … (0 comments)

living in the tri valley: East Bay Mortgage & Market Update for November 10th 2011 - 11/10/11 05:48 PM
Mortgage and Market Update for November 10th
Economic News: Here we go with another volatile week. While the situation in Greece has calmed a bit, Italy came charging to the forefront on Wednesday amid debt concerns and clobbered markets around the globe. We had a quiet week for economic news here and what was there was pretty good. The trade deficit improved in September. Weekly Jobless Claims were 390,000 (under that 400K mark) and the four week moving average edged down to levels seen six months ago. Tomorrow’s Consumer Sentiment is expected to come in at 61.5 after stronger readings in … (4 comments)

living in the tri valley: East Bay Mortgage & Market Update for 11.04.2011 - 11/04/11 07:46 PM
Mortgage and Market Update for November 4th
Economic News: Once again news out of Europe on the progress of handling their sovereign debt crisis is having a major effect on our markets. Last week stocks rallied on the news that the situation in Greece may be under control only to be unwound by the Greek Prime Minister. This has produced a nice rally in our mortgage rates this week with the stock market under pressure. As far as US economic news is concerned there was nothing really earth shattering. The Federal Open Market Committee announcement on Wednesday reiterated that interest rates … (6 comments)

living in the tri valley: East Bay Mortgage & Market Update for 10.28.2011 - 10/28/11 09:44 PM
Mortgage and Market Update for October 28th
Economic News: This week’s data was mostly positive and, coupled with the agreement within Europe, we saw worldwide stock markets rocket skyward on Thursday. Let’s just say that there are still some concerns about how the implementation will occur but for now it’s better to sit back and relax after a pretty good week on the economic front. Interest rates held their own against the pressure of rising equity markets. Mortgage Markets: Treasuries and Mortgage Backed Securities bounced bounced back from yesterday’s losses and ended the week basically unchanged. The 10 Year Note closed … (4 comments)

living in the tri valley: East Bay Mortgage & Market Update for 10.23.2011 - 10/23/11 07:57 PM
Mortgage and Market Update for October 23rd
Economic News: There was a fair amount of data reported with more to come in the coming week. The Producer & Consumer Price Indices signaled that inflation is still above levels that would please the Fed. Housing reports were mostly positive. The Housing Market Index (by the National Association of Home Builders) broke out of the recent range rising 4 points to 18. While still a depressed number it is certainly nice to see the bounce. Housing Starts for September rebounded and were reported up 18.1% in the West. Existing Home Sales came in … (2 comments)

living in the tri valley: San Ramon CA Short Sales Snapshot as of October 19th 2011 - 10/19/11 10:59 PM
The following numbers represent the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for San Ramon, CA 94582 / 94583 as of October 19th 2011.

Please keep in mind that this only reflects the market on the specific day quoted.  San Ramon Short Sales can take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range. 
More Information for San Ramon Homeowners Regarding Short Sales
(2 comments)

living in the tri valley: East Bay Mortgage & Market Update for 10.14.2011 - 10/14/11 04:40 PM
Mortgage and Market Update for October 14th
Economic News: Stock Markets continued moving higher this week with progress in the resolution of the European debt crisis and better economic news here at home. The minutes from the Federal Open Market Meeting did not disclose any new information but one interesting note is that a Quantitative Easing III program has not been ruled out. While Weekly Jobless Claims remained above the 400,000 level there was good news that the four week moving average was down for the third consecutive week. Today’s Retail Sales report was robust and beat estimates while Consumer Sentiment … (3 comments)

living in the tri valley: San Ramon CA Foreclosures Report for the month of September 2011 - 10/10/11 04:30 PM
The following numbers represent the current Foreclosure Sold Inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in San Ramon, CA 94582 & 94583 for the month of September 2011. Currently there are 21 single family homes active/pending with a high price of $1,279,000 and a low price of $289,900. 24 attached homes are also active/pending with a high price of $539,900 and a low price of $110,600.

Keep in mind that the Sold Price Data versus the List Price Data does not reflect any price reductions which may have occurred. Please call for more detailed information regarding the current … (0 comments)

living in the tri valley: East Bay Mortgage & Market Update for 10.7.2011 - 10/07/11 05:14 PM
Mortgage and Market Update for October 7th
Economic News: The equity markets regained their footing this week on the back of more aggressive measures from the European Union to get their debt crisis under control. The market reports in the US, while far from stellar, were not bad at all. The ISM Manufacturing Index was above estimates and the ISM Non-Manufacturing report beat consensus as well. There was a lot of news on the employment front this week with the ADP Employment Report, Weekly Jobless Claims as well as today’s Employment Situation. The results were all on the upside of expectations … (3 comments)

living in the tri valley: East Bay Mortgage & Market Update for 9.30.11 Welcome to October! - 09/30/11 02:37 PM
Mortgage and Market Update for September 30th
Economic News: The equity markets continue to look for some footing this week ending a rocky 3rd Quarter where the Dow Jones has lost about 10% of its value before today's drubbing. While still having some significant intraday swings the efforts to stabilize the debt troubles within the European Union will hopefully help in the upcoming weeks. Our economic reports continue to be a “mixed bag” with New Home Sales, Case-Shiller Home Price Index & Pending Home Sales not too positive. There was some good news in the sub-segments of the data. The Durable … (7 comments)

living in the tri valley: East Bay Mortgage & Market Update for September 23rd 2011 - 09/23/11 06:38 PM
Mortgage and Market Update for September 23rd
Economic News:  Another Rock and Roll week is coming to a close. The stresses in Europe combined with the Federal Open Market Committee announcement on Wednesday sent the stock markets into a tailspin. The Fed will be proceeding with what is called “Operation Twist” and the language changed on the economic outlook from “downside risk” to “significant downside risk”. Housing starts were hurt by a large drop in the very volatile multifamily sector while the single family portion of the report saw gains in both the West and Midwest. Existing home sales were very … (3 comments)

living in the tri valley: East Bay Mortgage & Market Update for September 16th 2011 - 09/16/11 04:26 PM
Mortgage and Market Update for September 16th
Economic News:  This week’s stock market rally kept interest rates under pressure. Five central banks agreed to coordinate US Dollar liquidity for European Banks. This has lessened the stress they were under and removed some of the volatility which has been roiling the markets. The Producer Price Index came in a little higher than expected but inflationary pressures showed signs of easing. On the other hand, the Consumer Price Index diverged from the PPI and inflation remains a little on the hot side. Weekly Jobless Claims rose to 428,000 and the four week moving … (2 comments)

living in the tri valley: East Bay Mortgage & Market Update for September 9th 2011 - 09/10/11 02:16 AM
Mortgage and Market Update for September 9th
Economic News:  Another volatile week comes to a close. The cloud over the market continued with the debt troubles within the European Union. A chief economist for the European Central Bank announced his departure by the end of the year and struggles continued on trying to deal with Greece on their debt. Our economic news was fairly light this week. The ISM Non-Manufacturing Index for August beat expectations. The Beige Book, compiled ahead of the Federal Open Market Committee Meeting, points to the fact that a double dip recession is not in the cards. … (4 comments)

living in the tri valley: East Bay Mortgage & Market Update for September 2nd 2011...Have a Great Labor Day Weekend! - 09/02/11 03:39 PM
East Bay Mortgage & Market Update for September 2nd
Economic News: Another week full of ups and downs. We started out with Personal Income & Outlays. Income met expectations while consumer spending was well above forecast. Factory Orders for July were robust, especially in the auto sector, and mostly attributed to Japanese suppliers returning to the market. The ISM Manufacturing Index also beat consensus estimates. Now for the not so good news. The Pending Home Sales Index was worse than expected and the West was the only region with increased activity. Consumer Confidence fell precipitously to the lowest reading since April … (6 comments)

living in the tri valley: East Bay Mortgage & Market Update for August 26th 2011 - 08/26/11 09:37 PM
East Bay Mortgage & Market Update for August 26th
Economic News:  While volatility still remains this week seemed slightly calmer than the last two. New Home Sales were below estimates but there was no increase in inventory which is good news for pricing. Durable Goods Orders for July were a big positive with a 4.4% rise month over month and a 9.2% increase year over year. Motor vehicle and parts orders led the way with Japan starting to come back online. Jobless Claims were higher than expected but the numbers were skewed a bit due to the worker strike at Verizon … (8 comments)

living in the tri valley: East Bay Mortgage & Market Update for August 19th 2011 - 08/19/11 07:05 PM
East Bay Mortgage & Market Update for 8.19.2011
Economic News: The volatility continued for another week as the European Union financial concerns coupled with some reports that the United States economy could be slowing had interest rates moving lower again. Both Housing Starts and the Housing Market Index did not meet expectations and Existing Home Sales fell 3.5% in July while inventory crept up to 9.4 months. The Producer Price Index and Consumer Price Index showed some inflation in the pipeline due to higher food and energy costs. Jobless Claims, while rising on a weekly basis, saw the four week moving … (6 comments)

living in the tri valley: East Bay Mortgage & Market Update for August 12th 2011 - 08/12/11 10:14 PM
East Bay Mortgage and Market Report for the week ending August 12th
Economic News: Stocks and bonds have finished off the week on a positive note after a trading week which could only be described as chaotic. Last Friday’s downgrade of US Debt coupled with the stress on sovereign debt in the European Union sent the markets reeling on Monday and set the stage for what was the most interesting five days in quite some time. On Tuesday the Federal Open Market Committee announced that the Fed Funds rate would stay at or near the current level into 2013. The Retail … (13 comments)