Contra Costa & Alameda MLS

San Ramon – Dublin – Pleasanton, CA

The weekly figures are in for San Ramon, Dublin and Pleasanton California. (blue = Active Listings; green = Pending Sales; purple = ClosedTransactions) No surprises here. The end of the year historically shows a significant drop in active listings as many 6 month listing contracts expire.

The first meeting of the San Ramon Realtors Marketing Association will be on Jan. 11. We expect to hear positive reports from our hundreds of members on activity in local real estate markets.

Feel free to contact us for more stats on real estate trends in San Ramon, Dublin and Pleasanton. We're happy to give you our interpretation of the data and what other professionals are reporting.

Today's News Items

Rates on 30-year mortgages were unchanged in the first week of the new year after posting three consecutive increases to close out 2006. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.18 percent this week, the same as last week.

Dan Greene, from the Daily Mortgage Reports,  is a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available.

• 30% of participants predict rates will increase
• 20% of participants predict rates will decrease
• 50% of participants predict rates will remain unchanged

He is predicting that rates will increase over the next 30 days, but that doesn't mean you should necessarily follow my advice when choosing whether to lock a rate, or float it.  His advice may not be appropriate for your individual situation.

From the Bankrate.com survey:
"Housing is not slowing down and neither is consumer spending. Richmond Fed President Lacker may have been right all along — the Fed may need another rate hike."

Considering a reverse motgage?
Read – Making Your House Pay in Retirement by Jeff D. Opdyke -  The Wall Street Journal Online. A reverse mortgage could help you pay for retirement — or it could cost you and your heirs a lot of money.

There’s a great post by Jonathan Miller over at the Matrix on the stabilizing market = The Electric Kool-aid Seller Test For Buyer Friction

The Harper Team monitors over 50 Real Estate and News Feeds daily to bring you information pertinent to the San Ramon Valley & TriValley real estate market including the communities of Danville, San Ramon, Dublin and Pleasanton. We welcome suggestions.

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