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Strategies & Market Trends : Real Estate home/investment
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To: jjs_ynot who wrote (16)10/25/1998 4:52:00 AM
From: David Jones  Read Replies (1) of 73
 
Ya I read that the other day at Yahoo. Too lazy to post it, thanks. You've seen that fed interests rates have dropped again. But home notes have gone up just a fraction. I have a hunch the banks are taking advantage of the market for homes just a tad.
Sales here in the Pleasanton, Livermore, San Ramon and Walnut Creek, Concord, Fremont and Santa Clara, San Jose, Peninsula areas of N Calif have trailed off some but still all are considered safe buys even adjusting for the season. 500k homes have trailed off some but mostly in time on market. By next Spring that could mean lower prices.
Build to suit office space is still going. My x-employer told me just the other day there into the eleventh of a planned 40 buildings in San Jose. He sees no slowing, the contracts are still coming in.
Rentals 'apartments' are in big demand here in my local burg. Finding locations is getting harder and harder with the politics leaning towards slow growth. But out in the San Joaquin valley there building to take out the slack from off the Bay area. There's four new communities planned with the Sierra Club fighting them all. And we've just opened a rail line form the city of Tracy to San Jose.
All that taken into account and I'm still of the mind next summer one can find some buys. After all chapter eleven's are way high. And I'm not too confident in this stock market. What that has to do with the real estate market has yet to play out.
One more point an analyst from Dean Whiter spoke at my brokers and he's of the mind were all right through most of next year. But will be updating there projections quarterly.
O' it's late; but the clocks just got set back. Funny I don't feel any less tired.

HaVe A daY.
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