About gregpfielding

gregpfielding


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48 threads
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Danville, CA
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In United States
Registered Sep 06, 2010

Real estate agent and blogger in Danville, CA since 2003.

gregpfielding's most recent comments:

  • On 30 Jan 2014 in Can't believe prices have doubled in 2-3 years, gregpfielding said:

    So true. But where some decry a loss of identity, the truth is that there is a lot of money being poured into areas where they desperately need it. The restaurants are more full. The shops are selling more stuff. This all bodes well for the future of the City.

    edvard2 says

    Many parts of Oakland I used to feel a little uneasy walking around in during the day now might as well be a West Coast Brooklyn: You almost trip over the hipsters around there.

  • On 24 Jan 2014 in Any signs of Bay area market cooling down?, gregpfielding said:

    JFP says

    The reason people aren't selling is they have refinanced to a super-low rate mortgage

    This is a huge part of our supply problem and will probably be the legacy of loan modifications.

  • On 22 Jan 2014 in Any signs of Bay area market cooling down?, gregpfielding said:

    meetyaks says

    In the areas I am looking, listing prices are at least 10% higher compared to last September (4month ago). Is it real? Can it sustain? Any advice is appreciated.

    There are no signs of things cooling down in the Pleasanton-Danville-Walnut Creek stretch. We're seeing 15-20 offers on 800K homes that aren't under-priced.

    Can it sustain? As long as the inventory stays microscopic and buyer-demand is high, expect the rally to continue.

    exfatguy says

    If demand is so high, why isn't anyone selling and cashing out?

    That's the real question... normally when prices rise, more people are enticed to sell, but that's not happening here. My guess is that too many people have had their mortgages modified enough to never want to move, regardless of the selling price. That, or everyone is waiting for the top ;)

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