Archive for May, 2009

Bay Area Real Estate Leaders’ Forecast

Posted in May 28th, 2009

The Bay Area Luxury Marketing Council’s May 21st meeting had a panel discussion entitled “San Francisco Real Estate…Where Is It Headed?” The panel was comprised of heads of seven leading Bay Area real estate firms (including Larry Knapp, President of Alain Pinel Realtors). More than anyone else, these leaders are finely attuned to the vagaries, [...]

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What’s Hot and What’s Not

Posted in May 28th, 2009

by Rick Bonetti in Market Trends

The best indication of which MLS sub-market areas are “hot” and which are not, is the ratio between pending sales and total inventory.
“Hot” does NOT mean that the market is not in “distress” because of short sales or foreclosures, it just means that those properties are being absorbed in the sales process.
Currently the hottest sub-markets (shown in parentheses) [...]

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Ah, How You Will Delight the Angels!

Posted in May 22nd, 2009

by Rick Bonetti in Heart

Every week I look forward to receiving a newsletter and podcast from Krista Tippett’s Speaking of Faith. This past week, May 14, 2009 is the culmination of an online project Repossessing Virtue where a broad spectrum of people share their experience of how the current economic downturn has confronted us with what matters in life, [...]

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Hot vs. Cool Silicon Valley Housing Submarkets

Posted in May 21st, 2009

by Rick Bonetti in Homebuyer Tips, Market Trends, Neighborhood Scoop

As everyone knows, real estate is highly localized, so within a relatively small geographical area there may be both fast moving, lower-priced sub-markets with multiple offers and nearby, more expensive communities where sales are still relatively slow and inventory is growing seasonally.
That’s the case in Silicon Valley, where there is rapid absorption of REO eating up available [...]

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Benefits and Perils of the Bay Area High Speed Rail

Posted in May 21st, 2009

by Rick Bonetti in General, Homebuyer Tips

On November 5, 2008 California voters approved Proposition 1A (the Safe, Reliable High-Speed Passenger Train Bond Act) to establish a clean, efficient high-speed train service linking Southern California, the Sacramento San Joaquin Valley, and the San Francisco Bay Area.
Click>here for the California High Speed Rail Authority proposed routes and some interesting trip visualizations. The graphic above is what [...]

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