A storm is brewing in the real-estate market

In a report released Monday, Pimco's John Murray and Anthony Clarke wrote that the capital flows that propped up the market since the housing crash were decreasing. And that spells trouble ahead.
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Alameda County Real Estate Market Sees Home Sales Decline | Published: 6/22/2016 | Homesnap Real...

While home sales in the Alameda County market have been above average, in this week's report they dropped 3.9% to 1,296 homes sold over the last 30 days. On the other hand, close-by Santa Clara County registered 1,382 home sales in the same period, the most of all surrounding counties. Prices are falling in Alameda County, and this period the median price of all sales fell from $740,000 to $737,100. With only one month of inventory to sell, Alameda County is a strong seller's market, in spite of the dip in sales.
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Mortgage applications fall 2.4% despite lowest rates in a year

Economic concerns in the U.S. and overseas pushed mortgage rates to lows not seen since the start of 2015, but that did nothing to spur homebuyers.
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Alameda County area home prices have SKYROCKETED

Alameda County area home prices have SKYROCKETED Find out your home value here too for FREE
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