Thursday, May 16, 2013

[San Leandro] - RealWatch, New: 12, Sold: 8

I hope that you find this current market information useful. Should you have any questions about any of these properties please contact me.

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San Leandro Realtor
Wayne Gregori
The Gregori Group
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RealWatch for San Leandro 
Economic News Some good economic news on the horizon -


May 15, 2013

Last Week in Review 
Last week brought some positive economic news.  Americans filing weekly Initial Jobless Claims fell to 323,000. This was below expectations and the lowest level since January 2008. In addition, the four week moving average (which evens out any seasonal abnormalities) fell to 336,000, the lowest since November 2007.

In housing news, research firm CoreLogic reported that home prices rose 10.5 percent in March 2013 from March 2012. This was the biggest annual increase since March 2006 and the 13th consecutive increase in home prices. There was also a 1.9 percent gain from February to March and prices increased in all states except four. However, home prices remain 25 percent lower than the peak of April 2006.

What does this mean for home loan rates? Because good economic news often causes money to flow out of safer investments like bonds and into stocks, it can negatively impact home loan rates, as they are tied to mortgage bonds.

However, although home loan rates may have slightly risen, they continue to remain near historic lows.

Go To--> Market Activity During the Last 7 Days (San Leandro single family homes)
  • 12 - Newly Listed Homes for Sale (last week)
  • 0 - Price Changes of Previously Listed Homes (last week)
  • 8 - Sold Homes (last week)
Overall Property Inventory Statistics for Single Family, Condos and Townhouses:
  • 95 - Total Number of Properties Currently For Sale in San Leandro
  • 14% of the total number of homes (13 properties) for sale in San Leandro are distressed sales (REO, Short Sale)
  • 3 - Total number REO's (Bank Owned) properties for sale in San Leandro
  • 10 - Short Sales - Total number of properties trying to complete a short sale in San Leandro
Additional 7 Day Market Reports:
Alameda,   Alamo,   Albany,   Berkeley,   Castro Valley,   Dublin,   El Cerrito,   Emeryville,   Fremont,   Hayward,   Livermore,   Newark,   Oakland,   Piedmont,   Pleasanton,   San Leandro,  

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