At the Silvar MLS breakfast meeting this morning a panel of top silicon valley mortgage advisers spoke and had the following comments regarding the continuing changes in the home financing market:

Continual Change – This is a time of extreme variability for home financing, not seen in the past 20 years.  Lenders are constantly changing programs [...]

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 Monte Sereno is part of MLS Marketing Area 16 and shares zip code 95030 with portions of Los Gatos, CA.  The graph above shows trends in available inventory, pending and closed transactions through January 2009.
There are currently 27 available properties (as of 2/23/09), ranging in price from $1.23 million to $5.998 million.  They have [...]

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Finally the Saratoga real estate market is seeing some positive activity this past week with 5 pending sales including a nice building site (with older house) in the Glen Una neighborhood.
20 properties were added to the inventory or changed price, but the overall detached home increased by only 6.
Click>here for a link to the detail.

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The 2009 Saratoga resale housing market is slower to catch fire than in previous years and prices the last couple of weeks are dropping as sellers get serious about the realities of the market place.
The first two weeks of February have seen an increase in available inventory and 6 new pending sales, all priced $1.5 [...]

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I am very excited that the “faith communities” in Saratoga, California are organizing the month March 2009 for Saratoga Serves.  In these troubling economic times it is important that we come together as community to support each other and respond to common needs.
Blood Drive – The church my wife and I attend (Saratoga Presbyterian Church) [...]

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