Archive for January, 2009

A Valentine Gift for Obama?

Posted in January 28th, 2009

Today the House passed a $800+ billion stimulus/recovery bill with no Republican votes! The President may be gaining some points among the populace in his conciliatory gestures, but tired party line differences simplistically focus on the proportion of spending increases vs. tax cuts. The Senate appears likely to add measures to hold down the alternative [...]

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Alain Pinel Realtors Expands Into Marin and North Bay

Posted in January 28th, 2009

by Rick Bonetti in Market Trends, Saratoga Photos

Larry Knapp, President of Alain Pinel Realtor announced that “expansion into the Marin and North Bay markets is moving along extremely well. More then 70 agents have joined APR in Marin County and we expect more in the coming weeks.
This past Friday Alain Pinel announced that we will be opening a boutique office in [...]

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Mortgage Rate Up Slightly

Posted in January 26th, 2009

by Rick Bonetti in Market Trends

Private Mortgage Advisors (an affiliate of Wells Fargo Mortgage) is Alain Pinel Realtor’s in-house lender. They report that conforming fixed rates increased to the low 5% range, which is still the most compelling rate in the market. Conforming rates are up due to continuing woes in the bank sector specifically at Bank of America [...]

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Early 2009 Real Estate Activity in Saratoga, CA

Posted in January 25th, 2009

by Rick Bonetti in Market Trends

The first three weeks of 2009 have brought five new pending sales (starting 1/10/09 after a quiet first 10 days) of single family homes in Saratoga:
13493 Pierce Rd., listed at $1,399,000, which was on the market 285 days.
13973 Quito Oaks Way, listed at $1,165,00, which was on the market 151 days.
12173 Country Squire Ct., listed [...]

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Common Security Clubs

Posted in January 22nd, 2009

by Rick Bonetti in Heart

We are living in extraordinary times of financial crisis, not experienced since the great 1930’s depression. Our culture, emphasizing autonomy and individual economic self-sufficiency has lead many to feel anxious and isolated. Millions of households, in addition to facing financial uncertainty are now experiencing family disruptions pressures and even personal issues of depression.
While the Obama [...]

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