Has the bottom of the market hit in Livermore?

I don't know but there are signs it has. With the recent attempt by many home builders to auction inventory and the 100% sales on those auctions the bottom has possibly been set. The reason for this is the demand has been met by the inventory in these cases and this usually indicates a bottom. The problem is that bottom has been set pretty low. Good deals are getting harder to find because of the multiple offers on those property's.

Livermore Real Estate stays poised

Livermore's real estate market is still in it's hurry up and wait mode. This is pretty much a stale market that we need to wait on. Buyer's are still being cautious about what they commit to expecting more drops in the market. Seller's in most cases are into their house's more then they can sell them for or the bank is selling their houses for them.

Here is the unique thing we should all eye. Banks like investments as well, banks are starting to have the same thoughts most investors do, "this is a good time to buy a house." Because of this, those buyer's that are waiting for more declines in the market, might be waiting too long and might not see the drop in interest rates either. It is real simple, those pioneers that sat foot into the boats to come to America didn't wait to see if others made it safely but they did end up owning all the country. Timing is the key to life in almost anything you do, what time is it for you?