Friday, January 13, 2012

Real Estate Inventory at 6 Year Lows

Coming Soon: 117 Pinon Dr in Portola Valley $2,449,000
SOLD: 1825 Catherine St in Santa Clara $415,000 **Short Sale**
SOLD: 3865 Canyon Heights Dr in Fremont $362,000

Interest in overpriced real estate wanesBeautiful homes in desirable locations can sit on the market for months simply because they are priced too high and the sellers won't reduce the price. Sellers often tell their agent to encourage buyers to make offers, but buyers usually don't. Although this may seem counterintuitive to sellers, buyers have good reasons for not making offers on listings that are overpriced for the market. A high price can signal an unrealistic seller. Today's market is challenging. Buyers are nervous, busy and usually not in a rush to buy. There is no sense of urgency...

Those Fools… The Housing Bust is OVER
"The bursting of the global housing bubble is only halfway through," The Economist magazine wrote recently. I disagree... Here in the U.S. at least, the housing bubble is completely over. It drives me nuts when I hear commentators say, "We're halfway through," and, "We have more pain to come." Here's the FACT: Right now, houses in America are the best value they've been in many generations. It's not hard to understand... The Economist showed a chart of home prices relative to incomes in that article. Instead of showing that home prices are expensive, the chart shows that U.S. houses are

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are becoming stronger.
Market Snapshot
The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources ( on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.
Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (415) 236-3826
Direct: (650) 352-5322