Home value declines seen as more likely: “Homeowners in much of the Bay Area face a greater than 45 percent chance that their properties will decline in value in the next two years, according to a study by Walnut Creek’s PMI Mortgage Insurance. As soaring home prices drift further away from economic fundamentals such as [...]
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Home prices boom on / Median cost for Bay Area houses passes $600,000 mark: “The typical Bay Area house appreciated a whopping $99,000 in the last year — or more than $8,200 per month — according to a real estate information firm. Robust demand and stable mortgage interest rates helped push the median price for [...]
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California housing market set new price records in June: “Demand for California houses and condos surged in June, driving sales volume and prices to record highs even as the annual rate of home appreciation declined in some areas, a real estate research firm said Tuesday. The median price paid for a home in California last [...]
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Housing party not over yet: “My last two columns laid out reasons why the housing market might be in a bubble, and why it might not be. Today, I’ll give you my humble opinion. Then it’s on to other topics. To be honest, I don’t know where housing prices are headed. If I did, I’d [...]
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The next Mission Palo Alto Homeowners Association board meeting will be held at 111 Mission Drive on Wednesday, August 10 at 7:30 PM.. Have news for missionpaloalto.org? Send it to me!
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Bubble may just be bogus: “On Thursday I gave some reasons why the housing market might be a bubble ready to burst. As promised, here’s the other side of the story. Housing bulls say home prices are soaring not because of a speculative bubble, but for a simple economic reason: Supply has not kept up [...]
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Bearish look at bubble: “At the beginning of this year, everyone was pretty sure the dollar would continue to fall and had some pretty convincing arguments. Instead, the dollar has rebounded smartly. Today, I’ll highlight some major reasons why housing could be a bubble ready to burst. On Sunday, I’ll give some arguments why it’s [...]
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