Existing Home Sales – Friday, May 25, 2007
Existing home sales fell 2.6% in April to an annual rate of 5.99 million compared to expectations for no change and a rate of 6.12 million. Existing home sales are counted when the transaction closes so these data reflect sales that were initiated in March and early April. [...]
Archive for May, 2007
SUBSTANTIAL WEAKNESS EXPECTED TO CONTINUE NATIONALLY
Posted in Real Estate News on May 29, 2007 | No Comments »
City of Thousand Oaks Clean Up & Recycling Day May 26,2007
Posted in Uncategorized on May 24, 2007 | No Comments »
Community Clean-Up & Recycling Day
Community Events - Community Events
Location:
Conejo Creek Park South (Janss Road and 23 Freeway)
Thousand Oaks residents (ID will be required) may dispose of waste, recyclables, and electronics free of charge. No commercial waste, hazardous, or liquid waste will be accepted. Visit Community Clean-Up Day for more information.
Date:
5/26/2007
Time:
8:00 AM - 3:00 PM
Contact: Gail Kaufman @ (805) 449-2428
Dog Owners in Thousand Oaks
Posted in Uncategorized on May 21, 2007 | No Comments »
Misinformation Sent to Residents Required to Renew Dog Licenses by June 30, 2007
Thousand Oaks residents with dog licenses expiring June 30, 2007 recently received misinformation in their renewal notices stating that spaying and neutering of dogs was required. This is not applicable to Thousand Oaks residents. Spaying and neutering of dogs is encouraged but not [...]
April Sales Analysis for Conejo Valley
Posted in Real Estate News, Real Estate Sales Data on May 17, 2007 | No Comments »
We have an interesting mix of data for April sales; I’ll do some quick analysis and explain why some of the numbers seem out of whack.
For reference, DET refers to free standing single family homes and ATT refers to Condominiums and Townhomes (as well as a couple of PUD’s) ; the variances are from April [...]
Bernanke’s comments today on the Sub-Prime mortgage ‘crisis’
Posted in Mortgage News on May 17, 2007 | No Comments »
Bernanke said while it was likely that there would be further increases in mortgage delinquencies and foreclosures this year and in 2008, he did not believe this problem would be enough to derail the overall economy.
“We believe the effect of the troubles in the subprime sector on the broader housing market will be limited and [...]
Verizon Work Begins in Thousand Oaks
Posted in Conejo Valley News on May 15, 2007 | No Comments »
Verizon recently began work on their fiber to the premises project. Citizens with questions or concerns on trenching, locations or timelines should contact Verizon representatives Luke Chapa at (805) 445-9084, luke.d.chapa@verizon.com, or Carina Astadan (805) 445-9084. Although this is not a City project, please also advise the City’s Construction Inspection Supervisor George Ehrhardt at (805) [...]
Commuter Update for State Route 23 Project
Posted in Conejo Valley News on May 15, 2007 | No Comments »
The California Department of Transportation (Caltrans) is currently working to make improvements on the northbound SR-23 off-ramp at Olsen Road. The off-ramp will be restriped for a free right turning lane. Traffic signal work is continuing, with the right turn arrow staying on continuous green except when pedestrian crossing has been activated. Induction loops are [...]
What’s going on in Conejo Valley?
Posted in Conejo Valley News on May 14, 2007 | No Comments »
As of this morning we have a total of 1018 homes actively for sale. 758 are detached houses and 260 are condos and townhomes. Based on last month’s rate of sale that represents about a six and a half month inventory level. Here’s the breakdown:
The detached homes have been on the market on average of [...]
Looking ahead this week
Posted in Mortgage News, Real Estate News, Uncategorized on May 14, 2007 | No Comments »
We have a couple of economic reports due this week that could have an impact on mortgage rates; the core Consumer Price Index is due tomorrow and the Industrial Production report is due Wednesday. If either comes in below expectations we should see an easing of interest rates. If the CPI shows the economy powering [...]
Short Sale?
Posted in Conejo Valley News, Home Sellers, Mortgage News, Real Estate, Real Estate News on May 3, 2007 | No Comments »
This term is bandied about every day in today’s market; what does it really mean?
A Short Sale is basically having to sell your home for a price that will not cover the balance of the home’s mortgage. The process was created by lenders who wanted to avoid the carrying and sale costs of having bank-owned [...]
