With all of the waves in the financial market as banks are being purchased and companies going under, we are comparatively stable as a real estate market in the Trivalley. As you can see from the below graph, we had a increase in total homes sold in the Trivalley in May and have been hanging pretty steadily from there. I imagine that we will see the activity decrease in the final months of the year as we typically do.

The inventory today stands at about a 6 month average which is much better than most of the country and even some other parts of California. If interest rates continue to decline, we may see a bounce up in activity as a result. However, if rates increase because of the volatile market, we may see things slow down again heading into the end of 2008.

Below are the housing stats for the city of Pleasanton, Dublin, San Ramon and Livermore. If you have any questions or would like any detailed information, please let me know .