Pleasanton Real Estate Trends: "This is NOT a short sale or REO!!!!!"

Looking at the financial headlines today, September 16 2009, there seems to be more and more evidence that the economy is on the mend.

On the news today:

"Industrial production rises" http://finance.yahoo.com/news/Stocks-jump-as-industrial-apf-1098559674.html?x=0&sec=topStories&pos=4&asset=&ccode=

"Wage growth for those with jobs" http://finance.yahoo.com/career-work/article/107745/wages-grow-for-those-with-jobs-new-figures-show.html?mod=career-salary_negotiation

"Bernacke says Recession most likely over" http://news.yahoo.com/s/afp/20090916/ts_afp/financeeconomyusyearbernankerecession_20090916070947

These were the news at the national level, but a little bit closer to my hometown of Pleasanton California, as I keep tabs at the Real Estate market (and please note that every Real Estate market is local), I look for every "clue" and indication of how the Real Estate market here is doing.

An interesting trend has emerged in the last few months, as I look at the Multiple Listing Service (MLS) for Pleasanton, I have noticed that quite a few agents have started to make it a point to note on the MLS that the home they have listed is "not a short sale or REO".

Part of the reason of course is so that it cuts down the number of phone calls to the agent asking: "is this a short sale or reo?", but part of the reason is also the fact that there is not that many short sales or REO's in Pleasanton! Another positive sign on the economic horizon? Only time will tell...

Meanwhile, I will be bringing a home on the market soon. By the way, it is not a short sale or REO!!

To view every home on the market in Pleasanton (updated every 30 minutes) please visit my websites:

www.pleasantonhomesz.com

www.nahidsellsre.com

Nahid Monahelis, Realtor