No big surprise. The fed announced it would keep the fed rate at 5.25%. This is great news for the real estate industry, as an increase in the fed rate would certainly lead to an increase in mortgage rates. As long as the employment picture here in Silicon Valley looks solid as it has been and...

01/31/2007

The big fallacy: Real Estate prices are dropping all over

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I keep hearing this: Real Estate prices are dropping all over. And when I ask where they got this piece of information, they refer to newspapers and other media outlets. I wish the media would be more responsible in their reporting. Real Estate is a local business, activity will look drastical...

01/29/2007

Cupertino Market Conditions

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How has Cupertino been performing in the past year?Here is a synopsis of how the popular city has been performing last year compared to the previous year. The data below is from the MLS and has been compiled for the past 15 full months, as well as for the period of 15 months before that. What ...

01/25/2007

Campbell Market Conditions

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Like most Realtors, people often ask me about market condition when they find out what I do for a living. "So how is the market?" I suppose it is a natural question to ask. However, rather than simply giving them a once sentence synopsis, I try to show them data and let them draw their own con...

01/23/2007

Emoticons

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Using emoticons to describe your mood is important. It sounds elementary, but I really learned this recently. When I wrote the last piece about building my website, I meant for it to be a humorous piece, but because I did not include emoticons, several people wrote to me assuming I was in despa...

01/20/2007

My new website

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I am building a website. Or perhaps it will be more accurate to say I am re-building my website - almost on a daily basis, it seems to me... The more I learn about building a website, the more I realize I what I have gotten myself into. I had a website which was provided by Alain Pinel Realtor...

01/18/2007