Real Estate News Roundup: October 29th

Giants in the World Series

A shout out to The Orange and Black, living up to the name and making Texas look small. Good luck this Saturday and Sunday:

And in other orange news, your Halloween community event list:

Bay Area Real Estate News:

  • Palo Alto Weekly article talks about local "premium" housing developments.
  • SF Gate: On The Block says Bay Area real estate is walking on tight rope -- inventory is thin and demand is fickle.
  • Another one for On The Block, five red flags for renters.
  • Real estate monitoring company DataQuick reports that "Bay Area September Home Sales Second-Lowest in 19 years." On the other side of the coin, the median sale price is 8% higher than a year ago.
  • The Chronicle reports that Bay Area foreclosures are down 32.5% from last year; statewide they were down 25.5%.
  • San Jose mercury reports on a job market study done by Beacon Economics. In the third quarter of 2010, the Bay Area brought in 4,500 payroll jobs. But, construction, retail, and government remain the weakest industries.

National Real Estate News:

  • We all appreciate politics that call it as it is: presenting Jimmy McMillan of the Rent is Too Damn High Party, via Wall Street Journal.
  • Fresh Air with Terry Gross untangles the mortgage foreclosure crisis with guest Gretchen Morgenson, from the New York Times. A good summary of how we got here and how banks aren't helping solve foreclosures through the use of "robo-signers."
  • The Associated Press: New home sales rise 6.6% after dismal summer

To Fill Your Inner Real Estate Gossip:

  • Among other news, Chelsea Handler needs to talk to Mr. McMillan. She is renting for $35,000 a month in Brentwood, CA, via NBC Bay Area.
  • Couldn't help but one last Giants mention. Online tickets for the games at AT&T Park sell into the thousands, via Oakland Tribune.

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