Home building is back in Pleasanton | August 3, 2012 | Pleasanton Weekly | PleasantonWeekly.com |


Pleasanton Weekly

Opinion - August 3, 2012

Home building is back in Pleasanton

There's good news in the housing market, both here, in California and in much of the country. As we report today on our Real Estate pages, home sales experienced solid gains in June and home prices reached their highest level since August 2010 in California. June sales rose 8.5% from June 2011's revised 478,040 pace with the median home price posting both month-over-month and year-over-year gains for the fourth consecutive month. Interest rates continued their downward trend in June, with 30-year fixed-mortgage interest rates averaging 3.68%, down from 3.80% in May and 4.51% in June 2011. Nationwide, housing production rose by 6.9% to a seasonally adjusted annual rate of 760,000 units in June. This is the fastest pace of new-home construction since October 2008.

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