Inventory is up in Livermore, Real Estate stays level

I found out this week that I currently have the most listings in Livermore, this seems to be a good thing considering I am sitting on about 12 at the moment, right? This is a true sign that inventory is creeping up, not so good news for seller's. With more houses coming on the market and demand staying flat, we could see possible additional price drops. I believe the sub-prime lenders have caused this and its going to take a few months to stabilize, we are sitting in a time where consumers are sitting around wondering what is going to happen next. Livermore can expect to be in a market that is very slow and the best priced houses will move, period. As a Livermore resident I can assure you this wont last, we are simply in a more normal real estate market.

Beyond Livermore Real Estate

March 27 (Bloomberg) -- U.S. stocks posted their steepest drop in two weeks after falling home prices and weaker consumer confidence deepened concern the housing crisis will snuff out economic growth.
All 16 homebuilders in Standard & Poor's indexes fell after Lennar Corp. said it will miss its profit goal and a private report showed home prices decreased for the first time in at least six years. Countrywide Financial Corp., the biggest U.S. mortgage lender, declined the most in the S&P 500 on speculation delinquencies among the riskiest borrowers will rise.
Mounting evidence the U.S. real estate market is deteriorating has sent lenders and companies reliant on consumer spending to the worst performance in the S&P 500 this year. The retreat in home prices follows a government report yesterday showing new-home sales slumped to the lowest in almost seven years.
``To the extent that housing prices go down or housing sales slow, that only exacerbates problems in the subprime sector and could ripple through the economy,'' said John Kattar, who oversees $1.8 billion as chief investment officer at Eastern Investment Advisors in Boston. ``Housing is viewed as key by a lot of investors.''

Lets look outside Livermore real estate

Lets look outside Livermore real estate.

Mixed news from the housing front, in the form of new construction Housing Starts bouncing higher, yet new Building Permits moving lower. Existing Home Sales rose somewhat unexpectedly in February, marking the largest monthly gain since March 2004 and the highest pace of sales was the highest since April of 2006. Overall, not bad reports, considering how the media still wearily beats away on their housing bubble drum. But it wasn't all great news - overall sales are off 3% from last year, the inventory of existing homes on the market rose slightly to a 6.7 month supply, and the median price of a home declined slightly to $212,800. Many experts feel it is likely the housing market saw its worst days during August of last year, but although stabilizing, the housing market still has a ways to go.

Livermore Real Estate answers

First of all thanks for the compliments I will be sure to show my wife so she knows how lucky she is lol. Anyway, surprisingly the higher end houses in Livermore have been doing quite well. In fact in recent weeks I have been in multiple offer situations with my higher-end buyer's, a sure signal that that type of market isn't as cost conscious. The fact is, there are very few houses, that are on the 1.2 and above and that are available, therefor it becomes a supply and demand issue......

Livermore Realtor

Livermore Real Estate is staying strong with inventory staying level. That sure beats last years month to month of growing inventory. This probably means that Livermore Real Estate will overcome the general real estate downturn and lets look for it to turn upward in the coming summer months. Choosing you Livermore Realtor should be done in a way to be assured your Realtor lives locally and is familiar with the local economy and future plans. Livermore Real Estate is becoming known internationally as became proof in recent articles in Money magazine, and Men's Journal. If you don't pick me as your Livermore Realtor send me an e-mail and I will recommend some local agents that I have been impressed with, and no questions asked.

Livermore Real Estate and first time buyers

If your thinking about owning your first house in the Tri-Valley area, look no further then Livermore. Livermore is still the best kept secret in the Tri-Valley. Livermore Real Estate will eventually surpass Dublin's values and will catch up to Pleasanton within a few years. the reasons are plentiful. Livermore has more industry, Jobs, culture, and planned development. Unlike some surrounding areas Livermore is not focused on how many houses we can cram in a given area, but rather a quality of life. There is still affordable housing in Livermore, according to Bay Area standards, but investing in Livermore will prove a money making reality.

Negative mortgages are catching up

Livermore has seen it's share of these types of loans. Luckily the values have stabilized to make this not as a big of an issue as other cities are discovering. Surrounding areas including Tracy, Manteca, Modesto, and Stockton are experiencing a high level of foreclosure's due to home notes being more then house value. In times like these we can all appreciate the value of Livermore Real Estate.

Livermore Real Estate

Greenspan thinks housing has hit its low. If nothing else this will help the perception in the housing market, which will trigger to more demand especially in areas like Livermore. We have seen a recent push from people that commute from inland areas to look for houses in the Tri-Valley, specifically Livermore. In my mind, it has never been a better time to buy a house in Livermore.

Livermore Real Estate

Many recent articles have proven Livermore to be a solid investment. Other cities named are Oakland, who has seen a recent surge in activity. Foster City, has had a surge as well. N. California has many pockets of inactivity however, Livermore is looking to be the best keep secret in the Bay Area. As it is tuning out, it is no secret anymore. Livermore missed out on the unrealistic surge during the past 2-5 years but it is gaining respect in these difficult times.

Livermore Real Estate is heating Up

During the last 3 weeks we have seen an incredible amount of transactions, multiple offers, and inventory reduction in this great City. This could be a good sign that Livermore Real Estate is keeping it's course while many parts of California are still seeing setbacks in their housing markets.