<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>homesmillbrae.com &#187; Pacific Rim</title>
	<atom:link href="http://homesmillbrae.com/tag/pacific-rim/feed/" rel="self" type="application/rss+xml" />
	<link>http://homesmillbrae.com</link>
	<description></description>
	<lastBuildDate>Thu, 20 Oct 2022 03:48:43 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.1</generator>
		<item>
		<title>Pacific Union Real Estate Professional to Achieve Elite Running Record</title>
		<link>http://homesmillbrae.com/1868/pacific-union-real-estate-professional-to-achieve-elite-running-record-2/</link>
		<comments>http://homesmillbrae.com/1868/pacific-union-real-estate-professional-to-achieve-elite-running-record-2/#comments</comments>
		<pubDate>Mon, 26 Nov 2012 15:36:13 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[SF Bay Area News]]></category>
		<category><![CDATA[Amby Burfoot]]></category>
		<category><![CDATA[Bill Rodgers]]></category>
		<category><![CDATA[Boston Marathon]]></category>
		<category><![CDATA[Elite Company]]></category>
		<category><![CDATA[Elite Performance]]></category>
		<category><![CDATA[Embodiment]]></category>
		<category><![CDATA[Fanelli]]></category>
		<category><![CDATA[First Marathon]]></category>
		<category><![CDATA[Foray]]></category>
		<category><![CDATA[High Schooler]]></category>
		<category><![CDATA[Home Stretch]]></category>
		<category><![CDATA[homes millbrae]]></category>
		<category><![CDATA[Marathon Champions]]></category>
		<category><![CDATA[Marathon Time]]></category>
		<category><![CDATA[Mile Marker]]></category>
		<category><![CDATA[Pacific Rim]]></category>
		<category><![CDATA[Personal Record]]></category>
		<category><![CDATA[Philadelphia Marathon]]></category>
		<category><![CDATA[San Francisco Bay]]></category>
		<category><![CDATA[San Francisco Bay Area]]></category>
		<category><![CDATA[Time Was 2]]></category>

		<guid isPermaLink="false">http://homesmillbrae.com/1868/pacific-union-real-estate-professional-to-achieve-elite-running-record-2/</guid>
		<description><![CDATA[SAN FRANCISCO, Nov. 2, 2012 /PRNewswire/ &#8212; Mike Fanelli, a real estate professional with Pacific Union International in the San Francisco Bay Area, is about to claim an achievement that few other competitive runners can match: a lifetime tally of &#8230; <a href="http://homesmillbrae.com/1868/pacific-union-real-estate-professional-to-achieve-elite-running-record-2/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>			   <a name="linktopagetop" id="linktopagetop"></a><br />
			   <!--startclickprintinclude--><br />
			   			   <!-- title --></p>
<p><span class="xn-location">SAN FRANCISCO</span>, <span class="xn-chron">Nov. 2, 2012</span> /PRNewswire/ &#8212; <span class="xn-person">Mike Fanelli</span>, a real estate professional with <a href="http://www.pacunion.com/" target="_blank">Pacific Union International</a> in the <span class="xn-location">San Francisco Bay Area</span>, is about to claim an achievement that few other competitive runners can match: a lifetime tally of 100,000 miles.</p>
<p>Fanelli expects to run his 100,000th mile at the Philadelphia Marathon on <span class="xn-chron">Nov. 18</span>. His first step on the road to his personal record began in the fall of 1970, said Fanelli: &#8220;This (quest) has taken me practically every single day for just over 42 consecutive years.&#8221;</p>
<p>The countdown to the last 100 miles is expected to begin the week of <span class="xn-chron">October 29</span>, and Fanelli is enthusiastic about entering the home stretch.</p>
<p>&#8220;Here I am at 56, and I haven&#8217;t missed a single day of running since 2010,&#8221; Fanelli said. &#8220;My off day is a five-mile run.&#8221; </p>
<p>This achievement will put him into elite company. According to the website 100klifetimemiles.com, he will join a roster of only 53 other runners to reach this mile marker, including running legends and Boston Marathon champions <span class="xn-person">Bill Rodgers</span> and <span class="xn-person">Amby Burfoot</span>.</p>
<p>&#8220;Mike&#8217;s commitment to running is similar to his commitment to his real estate practice and clients,&#8221; said <span class="xn-person">Patrick Barber</span>, President of Pacific Union International.</p>
<p>&#8220;Mike is an exceptional individual with incredible standards of hard work and perseverance,&#8221; said Barber. &#8220;He&#8217;s the embodiment of elite performance both in his real estate life and in his athletic life, and we are thrilled to see him reaching this pinnacle of excellence.&#8221;</p>
<p>A highly accomplished runner with a gleaming resume, Fanelli ran his first marathon as a high-schooler in 1972 &#8212; the Philadelphia Marathon. His run next month brings him full circle, marking 40 years since his first foray into the sport&#8217;s grueling, 26.2-mile testing ground. </p>
<p>His best marathon time was 2:25 in <span class="xn-location">Eugene, OR</span>, in 1980, and he has twice won the San Francisco Pacific Rim Marathon, in 1988 and 1989.</p>
<p>He was captain of both the track and field and cross-country teams at <span class="xn-org">San Francisco State University</span> where the school record he set for the 10,000 meters still stands, 30 years later; he was recently inducted into the university&#8217;s Athletics Hall of Fame. </p>
<p>Fanelli is also a top-notch coach who helmed the <span class="xn-location">USA</span> National Team three times &#8212; in 1992, 1996, and 2000 &#8212; and has coached a dozen U.S. Olympic Trials qualifiers from <span class="xn-location">San Francisco</span> and <span class="xn-location">Marin County</span>.</p>
<p><span class="xn-org">Pacific Union</span> is proud to support <span class="xn-person">Mike Fanelli</span> and applauds his unique achievement. Read more about his quest on the <span class="xn-org">Pacific Union</span> blog: <a href="http://blog.pacunion.com/going-the-extra-mile-in-real-estate-and-running/" target="_blank">Going the Extra Mile, in Real Estate and Running</a>.</p>
<p><b>About Pacific Union International<br /></b><a href="http://www.pacunion.com/bay-area-real-estate-offices/tahoe-office/agents/SallyGardner" target="_blank">Pacific Union International</a> is the <span class="xn-location">San Francisco Bay Area</span>&#8216;s premier luxury real estate brand operating in seven regions, including the East Bay, <span class="xn-location">Contra Costa County</span>, <span class="xn-location">Marin County</span>, <span class="xn-location">Napa County</span>, <span class="xn-location">San Francisco</span>, <span class="xn-location">Sonoma County</span>, and the Tahoe/<span class="xn-location">Truckee</span> area. </p>
<p>With <a href="http://www.pacunion.com/contact-pacific-union-real-estate/" target="_blank">offices in eight Northern California counties</a>, <span class="xn-org">Pacific Union</span> offers a full range of personal and commercial real-estate services including buying, selling, and relocation.</p>
<p>Locally owned, <span class="xn-org">Pacific Union</span>&#8216;s leadership operates with an entrepreneurial mindset and unwavering commitment to deliver exceptional service and expertise to ensure deep, long-standing client and agent relationships.</p>
<p>For more information, please visit us at <a href="http://www.pacunion.com/" target="_blank">www.pacunion.com</a>, get our real estate news and insights at <a href="http://blog.pacunion.com/" target="_blank">blog.pacunion.com</a>, or find us on Facebook (<a href="https://www.facebook.com/pacuintl" target="_blank">facebook.com/puintl</a>) and Twitter (<a href="http://www.twitter.com/pacunion" target="_blank">@pacunion</a>).</p>
</p>
<p>SOURCE  <span class="xn-org"><span>Pacific Union</span></span></p>
<p>			   		  	 	 RELATED LINKS<br /><a title="Link to http://www.pacunion.com" href="http://www.pacunion.com" target="_blank">http://www.pacunion.com</a></p>
<p>Article source: <a href="http://www.prnewswire.com/news-releases/pacific-union-real-estate-professional-to-achieve-elite-running-record-176955121.html">http://www.prnewswire.com/news-releases/pacific-union-real-estate-professional-to-achieve-elite-running-record-176955121.html</a></p>]]></content:encoded>
			<wfw:commentRss>http://homesmillbrae.com/1868/pacific-union-real-estate-professional-to-achieve-elite-running-record-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pacific Union Real Estate Professional to Achieve Elite Running Record</title>
		<link>http://homesmillbrae.com/1827/pacific-union-real-estate-professional-to-achieve-elite-running-record/</link>
		<comments>http://homesmillbrae.com/1827/pacific-union-real-estate-professional-to-achieve-elite-running-record/#comments</comments>
		<pubDate>Sat, 03 Nov 2012 08:00:59 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[SF Bay Area News]]></category>
		<category><![CDATA[Amby Burfoot]]></category>
		<category><![CDATA[Bill Rodgers]]></category>
		<category><![CDATA[Boston Marathon]]></category>
		<category><![CDATA[Elite Company]]></category>
		<category><![CDATA[Elite Performance]]></category>
		<category><![CDATA[Embodiment]]></category>
		<category><![CDATA[Fanelli]]></category>
		<category><![CDATA[First Marathon]]></category>
		<category><![CDATA[Foray]]></category>
		<category><![CDATA[High Schooler]]></category>
		<category><![CDATA[Home Stretch]]></category>
		<category><![CDATA[homes millbrae]]></category>
		<category><![CDATA[Marathon Champions]]></category>
		<category><![CDATA[Marathon Time]]></category>
		<category><![CDATA[Mile Marker]]></category>
		<category><![CDATA[Pacific Rim]]></category>
		<category><![CDATA[Personal Record]]></category>
		<category><![CDATA[Philadelphia Marathon]]></category>
		<category><![CDATA[San Francisco Bay]]></category>
		<category><![CDATA[San Francisco Bay Area]]></category>
		<category><![CDATA[Time Was 2]]></category>

		<guid isPermaLink="false">http://homesmillbrae.com/1827/pacific-union-real-estate-professional-to-achieve-elite-running-record/</guid>
		<description><![CDATA[SAN FRANCISCO, Nov. 2, 2012 &#8212; /PRNewswire/ &#8212; Mike Fanelli, a real estate professional with Pacific Union International in the San Francisco Bay Area, is about to claim an achievement that few other competitive runners can match: a lifetime tally &#8230; <a href="http://homesmillbrae.com/1827/pacific-union-real-estate-professional-to-achieve-elite-running-record/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>			<span class="dateline">SAN FRANCISCO, Nov. 2, 2012 &#8212; </span>			/PRNewswire/ &#8212; Mike Fanelli, a real estate professional with <a href="http://www.pacunion.com/" target="_blank">Pacific Union International</a> in the San Francisco Bay Area, is about to claim an achievement that few other competitive runners can match: a lifetime tally of 100,000 miles.</p>
<p>Fanelli expects to run his 100,000th mile at the Philadelphia Marathon on Nov. 18. His first step on the road to his personal record began in the fall of 1970, said Fanelli: &#8220;This (quest) has taken me practically every single day for just over 42 consecutive years.&#8221;</p>
<p>The countdown to the last 100 miles is expected to begin the week of October 29, and Fanelli is enthusiastic about entering the home stretch.		</p>
<p>
			&#8220;Here I am at 56, and I haven&#8217;t missed a single day of running since 2010,&#8221; Fanelli said. &#8220;My off day is a five-mile run.&#8221;</p>
<p>This achievement will put him into elite company. According to the website 100klifetimemiles.com, he will join a roster of only 53 other runners to reach this mile marker, including running legends and Boston Marathon champions Bill Rodgers and Amby Burfoot.</p>
<p>&#8220;Mike&#8217;s commitment to running is similar to his commitment to his real estate practice and clients,&#8221; said Patrick Barber, President of Pacific Union International.</p>
<p>&#8220;Mike is an exceptional individual with incredible standards of hard work and perseverance,&#8221; said Barber. &#8220;He&#8217;s the embodiment of elite performance both in his real estate life and in his athletic life, and we are thrilled to see him reaching this pinnacle of excellence.&#8221;</p>
<p>A highly accomplished runner with a gleaming resume, Fanelli ran his first marathon as a high-schooler in 1972 &#8212; the Philadelphia Marathon. His run next month brings him full circle, marking 40 years since his first foray into the sport&#8217;s grueling, 26.2-mile testing ground.</p>
<p>His best marathon time was 2:25 in Eugene, OR, in 1980, and he has twice won the San Francisco Pacific Rim Marathon, in 1988 and 1989.</p>
<p>He was captain of both the track and field and cross-country teams at San Francisco State University where the school record he set for the 10,000 meters still stands, 30 years later; he was recently inducted into the university&#8217;s Athletics Hall of Fame.</p>
<p>Fanelli is also a top-notch coach who helmed the USA National Team three times &#8212; in 1992, 1996, and 2000 &#8212; and has coached a dozen U.S. Olympic Trials qualifiers from San Francisco and Marin County.</p>
<p>Pacific Union is proud to support Mike Fanelli and applauds his unique achievement. Read more about his quest on the Pacific Union blog: <a href="http://blog.pacunion.com/going-the-extra-mile-in-real-estate-and-running/" target="_blank">Going the Extra Mile, in Real Estate and Running</a>.</p>
<p><b>About Pacific Union International </b><a href="http://www.pacunion.com/bay-area-real-estate-offices/tahoe-office/agents/SallyGardner" target="_blank">Pacific Union International</a> is the San Francisco Bay Area&#8217;s premier luxury real estate brand operating in seven regions, including the East Bay, Contra Costa County, Marin County, Napa County, San Francisco, Sonoma County, and the Tahoe/Truckee area.</p>
<p>With <a href="http://www.pacunion.com/contact-pacific-union-real-estate/" target="_blank">offices in eight Northern California counties</a>, Pacific Union offers a full range of personal and commercial real-estate services including buying, selling, and relocation.</p>
<p>Locally owned, Pacific Union&#8217;s leadership operates with an entrepreneurial mindset and unwavering commitment to deliver exceptional service and expertise to ensure deep, long-standing client and agent relationships.</p>
<p>For more information, please visit us at <a href="http://www.pacunion.com/" target="_blank">www.pacunion.com</a>, get our real estate news and insights at <a href="http://blog.pacunion.com/" target="_blank">blog.pacunion.com</a>, or find us on Facebook (<a href="https://www.facebook.com/pacuintl" target="_blank">facebook.com/puintl</a>) and Twitter (<a href="http://www.twitter.com/pacunion" target="_blank">@pacunion</a>).</p>
<p>SOURCE  Pacific Union	</p>
<p><a href="http://www.mcclatchyreprints.com/" target="_blank">Order Reprint</a></p>
<p><!-- socialize.js script should only be included once --></p>
<p>Article source: <a href="http://www.sacbee.com/2012/11/02/4956950/pacific-union-real-estate-professional.html">http://www.sacbee.com/2012/11/02/4956950/pacific-union-real-estate-professional.html</a></p>]]></content:encoded>
			<wfw:commentRss>http://homesmillbrae.com/1827/pacific-union-real-estate-professional-to-achieve-elite-running-record/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stanford Professionals in Real Estate and Stanford Management Company Honor &#8230;</title>
		<link>http://homesmillbrae.com/690/stanford-professionals-in-real-estate-and-stanford-management-company-honor/</link>
		<comments>http://homesmillbrae.com/690/stanford-professionals-in-real-estate-and-stanford-management-company-honor/#comments</comments>
		<pubDate>Fri, 17 Jun 2011 22:49:58 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[SF Bay Area News]]></category>
		<category><![CDATA[Almaden Blvd]]></category>
		<category><![CDATA[Alumni Center]]></category>
		<category><![CDATA[Arrillaga]]></category>
		<category><![CDATA[Don Koll]]></category>
		<category><![CDATA[Fame Banquet]]></category>
		<category><![CDATA[Ferry Building]]></category>
		<category><![CDATA[Franklin Templeton Group]]></category>
		<category><![CDATA[Gap Inc]]></category>
		<category><![CDATA[homes millbrae]]></category>
		<category><![CDATA[Koll Company]]></category>
		<category><![CDATA[Mccaw Hall]]></category>
		<category><![CDATA[Newport Beach]]></category>
		<category><![CDATA[Pacific Rim]]></category>
		<category><![CDATA[Pruneyard In Campbell]]></category>
		<category><![CDATA[Stanford Alumni Association]]></category>
		<category><![CDATA[Stanford Campus]]></category>
		<category><![CDATA[Stockton Street]]></category>
		<category><![CDATA[Suburban Garden]]></category>
		<category><![CDATA[Usnewswire]]></category>
		<category><![CDATA[Vip Reception]]></category>
		<category><![CDATA[William Wilson]]></category>

		<guid isPermaLink="false">http://homesmillbrae.com/690/stanford-professionals-in-real-estate-and-stanford-management-company-honor/</guid>
		<description><![CDATA[IRVINE, Calif., June 17, 2011 /PRNewswire-USNewswire/ &#8212; Over 1000 members of Stanford Professionals in Real Estate (SPIRE) and Stanford Management Company (SMC) will honor the contributions of Stanford alumni William Wilson and Don Koll at the inaugural Stanford Real Estate &#8230; <a href="http://homesmillbrae.com/690/stanford-professionals-in-real-estate-and-stanford-management-company-honor/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>			   <a name="linktopagetop" id="linktopagetop"></a><br />
			   <img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/00143_widetable-release.JPG" alt=" Stanford Professionals in Real Estate and Stanford Management Company Honor ..."  title="Stanford Professionals in Real Estate and Stanford Management Company Honor ..." /></p>
<p>			   			   <!--startclickprintinclude--><!-- title --><br />
<!--startclickprintexclude-->				   </p>
<p><!--endclickprintexclude-->	</p>
<p><span class="xn-location">IRVINE, Calif.</span>, <span class="xn-chron">June 17, 2011</span> /PRNewswire-USNewswire/ &#8212; Over 1000 members of Stanford Professionals in Real Estate (SPIRE) and Stanford Management Company (SMC) will honor the contributions of <span class="xn-org">Stanford</span> alumni <span class="xn-person">William Wilson</span> and <span class="xn-person">Don Koll</span> at the inaugural Stanford Real Estate Hall of Fame Banquet, <span class="xn-chron">September 30, 2011</span> on the Stanford Campus and an <span class="xn-chron">October 28, 2011</span> banquet in <span class="xn-location">Los Angeles</span>.</p>
<p>William &#8220;Bill&#8221; Wilson III spearheads a legendary path through Bay Area commercial real estate.  Among his most well-known projects are the Oracle Inc. world headquarters in Redwood Shores; Foundry Square, The Gap Inc. headquarters; the Ferry Building renovation in <span class="xn-location">San Francisco</span>; 10 Almaden Blvd. in <span class="xn-location">San Jose</span>; the Pruneyard in <span class="xn-location">Campbell</span>; 48 Stockton Street in <span class="xn-location">San Francisco</span>; and the Franklin/Templeton Group campus in <span class="xn-location">San Mateo</span>.</p>
<p><span class="xn-person">Donald M. Koll</span> founded The Koll Company in <span class="xn-location">Newport Beach</span> in 1962 as a regional general construction firm.  The company grew into a commercial real estate giant responsible for the development of more than 90 million square feet of office, industrial and retail space throughout the <span class="xn-location">Western United States</span>, <span class="xn-location">Mexico</span> and the <span class="xn-location">Pacific Rim</span>. The Koll Company currently owns and manages over 6 million square feet of multi-tenant, light industrial and suburban/garden office space.</p>
<p>The Hall of Fame Banquet takes place on <span class="xn-chron">September 30th</span> at <span class="xn-chron">6:30 pm</span> with a VIP reception and dinner at McCaw Hall located in the Frances C. Arrillaga Alumni Center on the <span class="xn-org">Stanford</span> campus and a <span class="xn-location">Los Angeles</span> banquet will be held on <span class="xn-chron">October 28th</span> at a location to be announced.  Persons interested in sponsorships or attending should contact <span class="xn-person">Heidi Nietert</span>, hnietert@spirestanford.org<u> </u>or call SPIRE at (310) 864 2402.</p>
<p><i>About Stanford Professionals in Real Estate </i>- SPIRE is a 501(c)(3) non-profit organization and officially recognized Stanford Alumni Association club.  SPIRE is focused on creating a forum to support the vast alumni community of Stanford University involved in the many facets of the real estate industry and seeks to provide a platform for continued excellence in real estate.</p>
</p>
<p>SOURCE  Stanford Professionals in Real Estate (SPIRE)</p>
<p> 			   		  	 Back to top</p>
<p>
	 RELATED LINKS<br /><a title="Link to http://www.spirestanford.org" href="http://www.spirestanford.org" target="_blank">http://www.spirestanford.org</a></p>
<p>Article source: <a href="http://www.prnewswire.com/news-releases/stanford-professionals-in-real-estate-and-stanford-management-company-honor-alumni-william-wilson-and-don-koll-124064614.html">http://www.prnewswire.com/news-releases/stanford-professionals-in-real-estate-and-stanford-management-company-honor-alumni-william-wilson-and-don-koll-124064614.html</a></p>]]></content:encoded>
			<wfw:commentRss>http://homesmillbrae.com/690/stanford-professionals-in-real-estate-and-stanford-management-company-honor/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Silicon Valley housing market, an &#8216;oasis in the desert&#8217;</title>
		<link>http://homesmillbrae.com/571/silicon-valley-housing-market-an-oasis-in-the-desert/</link>
		<comments>http://homesmillbrae.com/571/silicon-valley-housing-market-an-oasis-in-the-desert/#comments</comments>
		<pubDate>Tue, 12 Apr 2011 07:29:21 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[SF Bay Area News]]></category>
		<category><![CDATA[Affordability]]></category>
		<category><![CDATA[Alain Pinel Realtors]]></category>
		<category><![CDATA[Association Of Realtors]]></category>
		<category><![CDATA[Best Universities]]></category>
		<category><![CDATA[Carskadon]]></category>
		<category><![CDATA[Consulting Inc]]></category>
		<category><![CDATA[Coo]]></category>
		<category><![CDATA[Cornish And Carey]]></category>
		<category><![CDATA[Estate Consultant]]></category>
		<category><![CDATA[Former President]]></category>
		<category><![CDATA[Headway]]></category>
		<category><![CDATA[homes millbrae]]></category>
		<category><![CDATA[Housing Market]]></category>
		<category><![CDATA[Pacific Rim]]></category>
		<category><![CDATA[Procter Gamble]]></category>
		<category><![CDATA[San Francisco Bay]]></category>
		<category><![CDATA[San Francisco Bay Area]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Silicon Valley Companies]]></category>
		<category><![CDATA[Slump]]></category>
		<category><![CDATA[Stock Market]]></category>

		<guid isPermaLink="false">http://homesmillbrae.com/571/silicon-valley-housing-market-an-oasis-in-the-desert/</guid>
		<description><![CDATA[The media can talk about the housing market being in a slump, but the San Francisco Bay Area, especially Silicon Valley, is an &#8220;oasis in the desert,&#8221; according to real estate consultant Carole Rodoni. The former president of Fox Carskadon &#8230; <a href="http://homesmillbrae.com/571/silicon-valley-housing-market-an-oasis-in-the-desert/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><span />
<p class="dropcap3lines">The media can talk about the housing market being in a slump, but the San Francisco Bay Area, especially Silicon Valley, is an &#8220;oasis in the desert,&#8221; according to real estate consultant Carole Rodoni.</p>
<p class="bodytext">The former president of Fox  Carskadon Realtors, former COO of Cornish and Carey Real Estate and Alain Pinel Realtors, and now president of Bamboo Consulting Inc., told members of the Silicon Valley Association of Realtors last week it&#8217;s been a slow recovery nationwide, but Silicon Valley is an exception.</p>
<p>Last year the economy experienced a 2.5 growth in GDP. Some analysts forecast a 3.5 percent growth this year, but Rodoni expects growth just in the 2.8 and 3 percent range. The stock market is doing well, especially big stocks like 3M, GE, Procter  Gamble. Unemployment is down to 8.8 percent, but it&#8217;s not enough.</p>
<p>&#8220;We won&#8217;t see the numbers we like until 2013 or 2014 because we are stuck,&#8221; says Rodoni.</p>
<p>While big companies are making headway, small businesses continue to struggle. There&#8217;s just too much taxation and consumers are still cautious and holding back, she says. </p>
<p>Rodoni doesn&#8217;t mince words when she talks about Congress. She is furious at how lawmakers have handled the budget, the deficit, short sales and foreclosures, and even the war in Libya.</p>
<p>The picture is altogether different in Silicon Valley. &#8220;There are fireworks in Silicon Valley. Companies are hiring,&#8221; Rodoni says.</p>
<p>Rodoni </p>
<p>believes real estate will continue to be an asset here because the region is the gateway to the Pacific Rim, with the best universities, diversity of culture and education. &#8220;People aspire to live here, and there is no more land here. Land here will keep its value,&#8221; she says.
<p>What should Realtors tell buyers? &#8220;Tell them they are getting a free gift right now,&#8221; Rodoni says. &#8220;The stars have aligned here. Where do you find this affordability?&#8221;</p>
<p>Prices have come down, even on the high end; interest rates have edged up to about 4 percent, but are still low. She predicts rates will rise by the end of the year to about 5 percent and, perhaps, 6 percent and 7 percent in three years due to inflation.</p>
<p>&#8220;Buyers should buy it, hold it&#8211;don&#8217;t spin it, and keep it for at least five years,&#8221; Rodoni says.</p>
<p>Rodoni says buyers should also pay attention to lending fees because she is certain fees will be 5 to 8 percent more expensive than last year. &#8220;At the end of the day interest counts, but understand that everything is going up because of loan fees. If you are a buyer, while it&#8217;s good to look at price, look also at loan fees. Match interest rate to the loan product,&#8221; she says.</p>
<p>Rodoni says buyers should ask themselves these questions: Is it the right price? Is it the right place? Examine where you are looking. Remember there are micro-markets. Will it appraise for that price?</p>
<p>Right now companies such as <a href="http://www.siliconvalley.com/topics?Facebook">Facebook</a>, <a href="http://www.siliconvalley.com/topics?Twitter">Twitter</a> and social network game developer <a href="http://www.siliconvalley.com/topics?Zynga">Zynga</a> aren&#8217;t in a rush to go public, but watch out when they do, Rodoni says. The region is a springboard for upcoming millionaires who are different from their baby boomer parents. This next generation is 80 percent about numbers and 20 percent emotion.</p>
<p>&#8220;They are asset and wealth builders. They will pay all cash for a home and leverage the stocks,&#8221; says Rodoni.</p>
<p>Buyers should evaluate their price range and not attempt to low ball when facing a multiple offer situation. Especially in this region, you cannot sit with terms and conditions.</p>
<p>&#8220;It would be like playing football on a baseball diamond. Get out if you can&#8217;t play,&#8221; says Rodoni. &#8220;Investors know there is value here and they will continue to come in. Silicon Valley is the bread and butter market. They see the sweet spot and will fight to get it.&#8221;</p>
<p><span /></p>
<p>Article source: <a href="http://www.mercurynews.com/saratoga/ci_17822169">http://www.mercurynews.com/saratoga/ci_17822169</a></p>]]></content:encoded>
			<wfw:commentRss>http://homesmillbrae.com/571/silicon-valley-housing-market-an-oasis-in-the-desert/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
