Pleasanton City Council – Oak Grove Development

Pleasanton City Council will be discussing the final environmental impact report for the Oak Grove development on October 2, 2007 at 7:00pm. The Pleasanton Oak Grove development is an approximate 562 acre site on which 51 home lots will be developed, some over 12,000 sf. and remaining land to be open space with trails for biking and hiking. Located at 1400 Hearst Dr. To learn more about the Oak Grove development please email us and we will forward the information to you.

Whole Foods in Dublin!

For those of you who didnt know, Whole Foods will be in Dublin! No more traveling to San Ramon. A Whole Foods rep responded stating a 2009 opening of Whole Foods in Dublin. Location will be Dublin Blvd. and Tassajara.

For a detailed list and description of Future Developments in Dublin and Pleasanton, please send us an email. We keep a constant update of upcoming developments.

Best and Worst U.S. Housing Markets

National housing prices continued to slide last quarter, dropping an average of 1.5% over the year before, according to the latest report by the National Association of Realtors.

But things are looking up for two-thirds of the country’s big cities where median home sale prices rose.

Leading the charge was Seattle, where prices increased 8.9%; in San Jose, they rose 8.8%; and in Raleigh and Charlotte, N.C., prices jumped 8.3% and 8.4% respectively.

Compare that to Detroit and Cleveland. In these metros, prices fell 7.1%. Skies aren’t much sunnier in the West. Median home sale numbers in Sacramento, Las Vegas and Phoenix dropped 6.3%, 3.6% and 2.7%, respectively.

HARDEST HIT
Economists fault the country’s mortgage crisis for these cities’ slumping numbers. Those most exposed to fallout from risky loans failed last quarter to post the price improvements that could rejuvenate their markets. Based on figures from the Mortgage Bankers Association (MBA), the largest share of the country’s risky loans and foreclosures are in California, Florida, Nevada, Arizona, Ohio, Indiana and Michigan. In these markets, appreciation for the most part stayed flat or sank.

STABILITY
Where the money comes from dictates stability. Markets where new development was fueled by flippers and investors are more volatile because such buyers are more likely to take out risky loans and to walk away from a property when the market sours. Looking at the long term in any investment is going to produce better long term results with less volatility. Flippers and Speculators caused prices to become over inflated in many markets. Interest rates and hype also fueled the markets robust numbers, but when flippers, speculators and the hype leave, so do price gains.

WARREN BUFFET TIME!
There are opportunities in every market! If you see prices falling in Sacramento, it does not mean San Jose is in the same boat! Look a what drives pricing and potential long tem gains. Demand is still strong in many markets across the U.S. (North Carolina, Texas, Oregon, New Mexico all have regions posting gains.

WHERE TO INVEST?
Contact the Moxley Team and we will give you information on investing in appreciating markets through our 3rd party contacts who do nothing but study changing and appreciating markets.

Oak Grove Development – Pleasanton Real Estate

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If you have not heard or read about the Oak Grove Development in Pleasanton it is one of the hottest topics currently being looked at by the city council. This development has been scaled down over the years from 98 homes with the most recent proposal adding 51 custom homes to Pleasanton with 496 acres of open space which will be turned into a trail system. These homes will also have a limit of 12,500 sf. living space which only 7 lots can allow and most will range from 6,000 sf. to 9,000 sf.
For more information on Oak Grove visit these sites
www.oakgrovepleasanton.com
Ridgelands.org

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