Several times a week we add fresh content to our Real Estate Industry News section. We follow over 70 blogs and news sources so we can sort through and post relevant content of interest to those thinking of buying or selling real estate in the communities of Danville, San Ramon, Dublin and Pleasanton, CA. 

Here is a sample of what we would have posted there today. It only took an hour and a half to go through all the sources to choose these three. Our time or your time – you decide.

Sub Prime Meltdown and Foreclosures: How do they effect home values? – In a report from the Fannie Mae Foundation they estimate that “each conventional loan foreclosure within a 1/8 of a mile of a single family home results in a 0.9% decline in the value of that home. Certainly, there is a correlation between home values and foreclosure rates.There is a factor here that no one is really talking about though. It’s the idea that what could really impact home values is a significant reduction in available credit via a tightening of credit standards. A reduction of loans being made is also a reduction in buyers to make purchases and this results in lower sales prices because there are fewer buyers in the market.

I believe that the current run of foreclosures and credit tightening is going to be contained and normalize over the remainder of 2007 and that home values are stabilizing. There is reason for optimism and I suggest everybody stop listening to all the negative talk they see on the news, hear on the radio and see on the web! Keep in mind – your ownKen Mascia positive thinking impacts the world you operate in so be a positive influence on it!

Arizona bars online home price estimator – Arizona regulators have ordered a Seattle-based online home price estimator to stop doing business in the state.The Arizona Board of Appraisal issued two cease-and-desist letters to the company that operates the popular real estate Web site Zillow, saying it needs an appraiser license to offer its "zestimates" in Arizona.

Mortgage defaults in California near decade high – According to DataQuick, mortgages were least likely to go into default in Marin, San Francisco and San Mateo counties, three affluent coastal markets with a tight supply of housing that has helped prevent home prices from slipping.The likelihood of default was highest in inland Sacramento, Riverside and San Joaquin counties, where prospective first-time home buyers rushed in during the housing boom in search of relatively affordable housing.