Los Altos and Palo Alto real estate markets have been mostly free so far of the foreclosure problems plaguing other areas. There is the occasional foreclosure, but not enough to… read more →
…maybe a few people are leaving, but this isn’t significant enough to call it a trend in our opinion.
They reported Sep sales increases of 8% in the region and 17% in S.C. County from Sep of ’08.
As potential sellers hear that values are firming, they are more apt to wait (hoping to get a better price later) rather than sell their home now.
Our belief remains that the uptick in economic activity and the real estate market will be short lived.