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Robert Combs

Market update and rates

03-03-10
Robert Combs

According to Warren Buffett we've gotten past the economic "Pearl Harbor" and on our way to a very slow recovery. How slow is slow will be up to the labor markets which brings to mind a turtle with a carrot dangling in front of his face. For us the good news is the carrot will contain low inflation and low interest rates for some time to come. He also went on to state the housing market will recover in about a year and the commercial market problem has yet to hit. Here is a riddle for you. What happens every Friday, is tragic, and is only expected to become worse? The answer is regulators shutting down banks, this time in Nevada and Washington. Late last week interest rates dropped back down by an 1/8% and seem to be flat this morning. I don't expect much movements in the market until Friday when we get the release of the Employment Situation. The consensus among economists is to see 50k jobs lost compared with 20k in January. The worsening is a reflection of cold weather, while on the upside there should be some temporary hiring for the 2010 Census.

Over the next few months, Fannie Mae will release a number of Selling and Servicing Guide announcements which means they are going to scrutinize loan quality even more. This will put added pressure on lenders to deliver higher quality loans or face the dreaded penalty of buyback. I honestly don't know how credit standards can get much tighter other then asking a borrower to take a physical fitness test equivalent to joining the NFL. On a positive note Sunnyvale and Poway, Ca. made the top 5 list for home prices on the rise. #1 was Lexington, Massachusetts with a rise of 36%. That's because price per square foot, a measure that helps evenly compare houses against each other, has stayed flat in Lexington this time last year. That suggests that the city's 10% drop in inventory means not only market demand, but demand for lower-price houses.

Are we heading for lower rates, or higher rates? Certainly there is no inflationary pressure, although GDP for the fourth quarter was revised slightly higher, and was the strongest quarter of economic growth in more than six years. But Existing Home Sales decreased over 7% in January and was much weaker than expected. At over 3 million units available for sale, at the current pace this is almost an eight month supply and for the sales in January, 38% were "distressed" sales which include foreclosures. Maybe we'll get another tax related surge in the coming months based on the April 30th date, maybe not. Market activity appears to have improved this weekend as I have several appointment today thanks to you rolling up your sleeves and getting down and dirty over the weekend. I am VERY fortunate to be an increment part of an outstanding team and can't thank you enough for all of your support. Knowing that April 15th is next month, here's a new word for you: "Intaxicaton", which is the euphoria at getting a tax refund which lasts until you realize it was your money to start with.

Town of Danville 2009 Events Calender

02-13-09
Robert Combs

Saturdays(year-round) Farmers' Market Municipal Parking Lot

9:00 am - 1:00 pm Railroad Ave.

Saturday, April 11 Eggstravaganza Downtown Community Center

9:30 am - 12:00 pm

Sunday, May 3 $ Devil Mountain Run Railroad Ave.

8:00 am - 11:00 am

Thursday, May 14 Wine Stroll Historic Downtown & the Livery

5:00 pm - 9:00 pm

May 15-17

(Friday-Sunday) $ Danville International

F 6:00 pm-9:00 pm Children's Film Festival See the Town of Danville Website

S 10:00 am-9:00 pm

www.ci.danville.ca.us

Su 10:00 am-5:00 pm

Friday, June 5 Moonlight Movie Danville Library Town Green

8:15 pm - 10:30 pm "Stardust"

June 7 & 8

(Saturday & Sunday) Open Studios Tour See Town of Danville Website

11:00 am-10:00 pm

www.ci.danville.ca.u

Thursday, June 11 Doggie Night Historic Downtown

5:00 pm - 8:00 pm

Friday, June 19 Moonlight Movie Danville Library Town Green

8:15 pm - 10:30 pm

June 20 & 21

(Saturday & Sunday) Danville Fine Arts Faire Downtown/Hartz Avenue

10:00 am - 6:00 pm

Saturday, July 4th 4th of July Parade Downtown Danville

Parade: 9:00 am-1:00 pm

Saturday, July 11 Music in the Park Oak Hill Park

6:00 pm - 8:00 pm

Friday July, 17 Moonlight Movie Danville Library Town Green

8:30 pm - 10:30 pm

July 18-19 Family Campout at Oak Hill Park

Saturday and Sunday $ Oak Hill Park

Thursday, July 23 Hot Summer Nights Hartz Avenue

4:00 pm - 9:00 pm Car Shows

Saturday, July 25 Music in the Park Oak Hill Park

6:00 pm - 8:00 pm

Saturday, July 31 Moonlight Movie Danville Library Town Green

8:30 pm - 10:30 pm

August 2009

Saturday, August 8 Music in the Park Oak Hill Park

6:00 pm - 8:00 pm

Thursday, August 13 Art & Wine Stroll Downtown/Livery

5:00 pm - 9:00 pm

Friday, August 14 Moonlight Movie Danville Library Town Green

8:30 pm - 10:30 pm

Hot Summer Nights Car Shows Hartz Avenue

Thursday, August 20

4:00 pm - 9:00 pm

Saturday, August 22 Music in the Park Oak Hill Park

6:00 pm - 8:00 pm

September 2009

Monday, September 7 Antique & Art Faire Railroad Center/Railroad Avenue

9:00 am - 3:00 pm See Town of Danville Website

September 25-27 Eugene O'Neill Festival www.ci.danville.ca.us

(Friday - Sunday) $

September 24-27 $

(Thursday thru Sunday) LPGA Golf Tournament Blackhawk Country Club

10:00 am - 5:00 pm

Sunday, September 27 Danville d'Elegance Hartz Avenue

11:00 pm - 5:00 pm

October 2009

October 3 & 4

(Saturday & Sunday) Art in the Park Danville Library Town Green

10:00 am - 5:00 pm

Thursday, October 8 October Fest Downtown/Hartz Avenue

5:00 pm - 9:00 pm _

Marathon Begins on Diablo Road

Sunday, October 11 $ Primo's Run for Education at Hartz Avenue

7:30 am - 9:30 am 5K in San Ramon

Friday, October 23 $

3:30 pm to 5:30 pm Children's Fall Fest Community Center

5:30 pm - 7:30 pm

October 24 & 25

(Saturday & Sunday) Danville Fall Crafts Festival Hartz Avenue

10:00 am - 5:00 pm

November 2009

Wednesday, November 11 Veterans' Day See Town of Danville Website

10:30 am - 1:00 pm www.ci.danville.ca.us

Friday, November 27 Lighting of the Old Oak Tree Lighting

Diablo Road

5:15 pm - 8:30 pm

December 2009

Saturday, December 12 $

9:30 am - 11:00 am & Elf Workshop Veterans' Memorial Hall

11:30 am - 1:00 pm

Best Value Hidden Oaks at Blackhawk

07-06-08
Robert Combs
Bob & Margaret Combs | J Rockcliff Realtors | 925-323-6735
2430 White Oak Place, Blackhawk, CA
Beautiful Hidden Oak Custom Home
4BR/2BA Single Family House
offered at $1,279,000
Year Built 1978
Sq Footage 2,756
Bedrooms 4
Bathrooms 2 full, 0 partial
Floors 1
Parking 3 Car garage
Lot Size 21,250 sqft
HOA/Maint $173 per month

DESCRIPTION

Resort-style backyard w/waterfall, pool and spa. Quality selected upgrades include iron scrolled double doors, hardwood flooring, wainscoting, custom exterior & interior paint, decorative light fixtures & more. Located on a tree-lined cul-de-sac.

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Fireplace
High/Vaulted ceiling Hardwood floor Tile floor
Family room Living room Dining room
Breakfast nook Dishwasher Refrigerator
Stove/Oven Microwave Washer
Dryer Laundry area - inside Balcony, Deck, or Patio
Yard Swimming pool Jacuzzi/Whirlpool

COMMUNITY FEATURES

Secured entry


OTHER SPECIAL FEATURES

BEST VALUE in Hidden Oaks at Blackhawk!

ADDITIONAL PHOTOS

Seller contact info:
Bob & Margaret Combs
J Rockcliff Realtors
925-323-6735
For sale by agent/broker

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Posted: Jul 6, 2008, 1:24pm PDT