Saratoga Real Estate Starts 2010 With Strong Demand
With an inventory of only 76 homes for sale in Saratoga, CA 95070, very low interest rates and the stock market DOW index over 10,600, demand for homes in the Golden Triange with Saratoga Schools is strong demand. The 3br/2 1/2 ba, property we put on the market last week at…
Searching Homes For Sale in Saratoga on Google
Search engine giant Google integrated homes for sale searches into Google Maps in July, 2009 and last week added a new functionality that automatically shows listings if the words real estate or homes for sale are added to a city name. Google Maps is an aggregator, showing push pins for…
Saratoga Village Open House November 27th
Friday, Nov 27 5:30 PM to 9 PM The Saratoga Chamber of Commerce and the City of Saratoga, CA 95070 will host the annual Saratoga Village Holiday Tree Lighting and Open House. Â Â Festivities include caroling, wagon rides, petting zoo, pony rides, photo opportunities, free popcorn and balloons for the children.…
Are Shared Home Appreciation Arrangements Good for Retirees?
Home buyers looking for homes for sale in Saratoga, Los Gatos, Monte Sereno and other affluent neighborhoods of Silicon Valley are aware that prices in the upper end of the market are currently soft. Astute home buyers are hoping that home values will rebound in the best neighborhoods as the…
Cupertino Real Estate Market is Hot
Multiple offers again this past week in Cupertino area indicate how the real estate market in different localities can vary. In this case, low inventory and high demand because of school scores is the reason. Here is a sample from Alain Pinel Realtor collegue Mark Wong: 10212 Colby Avenue –…
Mortgage Rates Attractive to Home Buyers
Image via Wikipedia Mortgage rates are continuing to stay flat due to unemployment concerns. This week the US Treasury will auction off $81 Billion worth of debt and investors are concerned that demand especially foreign demand will wane due to all the debt that has come into the market over…
Color Trends: Purple is The New “It” Color
Purple has long been associated with royalty, nobility and wisdom and was at one time only associated with the upper echelon. In today’s economic climate, this once exclusive color is not only attainable, but also marked as the hottest color for the months ahead according to Luxury Portfolio’s LuxeTrends. Alain…
Mortgage Interest Rate Rising
Image via Wikipedia According to Private Mortage Advisors, an affiliate of Alain Pinel Realtors, mortgage rates are rising due to pressure on the 10 year US Treasury Bond which is the result of a huge debt auction by the federal government. This $123 billion offering is bigger than the demand…
California Real Estate Forecast for 2010
Home sales in Saratoga, Los Gatos, Monte Sereno and surrounding Santa Clara County communities are not really indicative of trends in other parts of the State, but public impressions may be colored by what consumers read about the real estate market in the State as a whole. So just read…
U. S. Housing Market is Recovering
Good news. According to the National Association of Realtors chief economist, Lawrence Yun, the housing market has turned for the better: “The recovery is broad-based across many parts of the country. Housing affordability is at record highs.” The Pending Home Sales Index reports that contract activity for pending home sales…
Mortgage Rates Expected to Rise Slightly
Mortgage rates have climbed a bit this past week due to strong earnings in the stock market, which has pushed the dow over 10,000.  On the other hand we are now seeing higher fuel prices, which is generally a strong inflation indicator and this is not good for rates.  In addition, jobs…
Multiple Offers on Silicon Valley Homes For Sale
As inventory is being rapidly absorbed at the lower end of the real estate market in Silicon Valley, it causes upward pressure in the middle market (under $1 million). Here are several examples of recent multiple offers in Cupertino, west San Jose, Sunnyvale and Campbell (compiled by Alain Pinel Realtors…
Median Price of Homes For Sale in Saratoga, CA on the Rise
Since the low point of March 2009, the inventory of detached homes for sale in Saratoga, CA has taken a major reversal. Inventory rose steadily to high levels through the summer and then started to take a pronounce drop after Labor Day. …
California Home Sales Up 38% from 2008
Yesterday was the last day of the California Association of Realtors (CAR) in San Jose. Thursday the talk was about the ‘new normal’. According to the California Association of Realtors, CAR, home sales are now 38 percent higher on a year-to-date basis compared to 2008 and it’s due in large…
Mortgage Interest Rates Favorable to Saratoga Home Buyers
There is currently a "rate rally" going on, which means that rates are very low and it is a great time to refinance and/or buy a home in Saratoga. Jumbo rates have come down as well and guidelines will be loosening especially with regard to down payment requirements. The…
