2008

Published in September 21st, 2008

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The world economy is shaky; the Dow Jones Index lost 504 points in one day, and looking at the candidates to lead the most important country in the world is not encouraging. The papers predict a grim economic future; prices are dropping in most of the U.S. People are having a hard time getting loans […]

May 5th Santa Clara County Stats

Published in May 6th, 2008

Posted by Miri Bialik in Cupertino, Inventory, Los Altos, Mountain View, Palo Alto, Saratoga, Sunnyvale, Buyers, REO, asking price, house, homes, multiple offers, schools, sold, markets, foreclosures, short sales, supply and demand, balanced market, negotiations, purchase, transactions

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The inventory keeps growing as well as the number of transactions. Many short sales, Foreclosures and REO (homes that were foreclosed, were not purchased by an auction on the Court house stairs and remained in the banks’ possession) are being sold, some of them with multiple offers. Even the foreclosures in […]

Iphones and Terabitz… quickly finding you a Home!

Published in May 2nd, 2008

Posted by Tracey McNeely in Uncategorized, Inventory, prices, Real estate Market, buy, buyer, sell, seller, Buyers, Sellers, Price, asking price, bath, bedroom, dollars, house, money, neighborhood, silicon valley, Real estate, homes, agents, for sale, schools, home, Neighborhoods, CA, elementary schools, school district, iphone

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Intero Real Estate Services is the first real estate brokerage to use iphone technology designed by Terabitz. What this application does is allow an iphone user to type in a street address, or MLS# and find a home that is for sale. I have been trying it out on my iphone. […]

The real estate market is alive again

Published in April 7th, 2008

Posted by Miri Bialik in Inventory, Sunnyvale, Ortega park, buy, sell, Buyers, asking price, house, neighborhood, silicon valley, Real estate, homes, agents, for sale, multiple offers, rentals, schools, sold, bid, good schools, home, moving, open house, paymoney, raise

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We are back in full action. Inventory is growing as fast as expected in the spring. The “for Sale” signs are springing up like mushrooms after the rain. If you drive through the neighborhood during the afternoon time you’ll see ‘open house’ signs pointing in all directions. Homes are being sold fairly fast, […]

Santa Clara County Monthly Housing Statistics since 1997

Published in March 11th, 2008

Posted by Miri Bialik in Uncategorized, Cupertino, desirable areas, Inventory, Los Altos, Mountain View, Palo Alto, prices, Real estate Market, Saratoga, Sunnyvale

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The real estate market of 2007 looks like a repeat of 2002. The inventory went over 5000 homes and some took more than 200 days to sell. There was correlation between the number of homes for sale and the closed sales. This pattern repeated itself yearly. Lower inventory in January, with less activity and higher […]

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