Home Front
Publication Date: Friday Jul 29, 1994

Home Front

STRICTLY EICHLERS . . . Real estate broker Jerry Ditto has always had a thing for Eichlers. The man publishes an all-Eichler newsletter called Eichler Insights and is collaborating on an all-Eichler book due out this fall by Chronicle Books. Formerly a real estate broker with agencies that sell all kinds of houses, Ditto has opened his own all-Eichler real estate company in Palo Alto called, you guessed it, Eichler Homes.

STILL LAGGING . . . The rest of the nation may be coming out of a housing slump, but not California. Two recent studies show there are reasons for optimism everywhere else but here. First, a study conducted by Harvard University's Joint Center for Housing Studies and the Federal Mortgage Association found that a surge of new home buyers is expected to enter the market. The bulk of the new buyers will be baby boomers reaching the peak of their earning capacity. Second, a Fannie Mae study showed that Americans feel increasingly confident about the real estate market. But restrictive building codes, stagnant wages and a paucity of reasonably priced housing is expected to freeze the fever for California. Nationally, the median price for a home is $112,000. In California, it is $185,000.

For a copy of "The State of the Nation's Housing" write the Joint Center on Housing Studies, Harvard University, 79 John F. Kennedy St., Cambridge, MA 02138 or call (617) 495-7908. The study costs $15. The Fannie Mae National Housing Survey is free. Call (800) 732-6643 for a copy.

WOMAN-MADE . . . All right, women, grab your handbags and hacksaws. On Aug. 7, the Building Education Center presents the class "Hands-on Carpentry Basics for Women." The class is from 9:30 a.m. to 4 p.m. at 812 Page St, Berkeley. The cost is $95. For information, call (510) 525-7610.

Send notices of news and events related to real estate, interior design, home improvement and gardening to Home Front, Palo Alto Weekly, P.O. Box 1610, Palo Alto, CA 94302. Deadline is Thursday at 5 p.m.

Midpeninsula Home & Real Estate is published every Friday by Embarcadero Publishing Company, 703 High St., Palo Alto, CA 94301, 326-8210. It circulates by mail to 70,000 homes from Mountain View to Redwood City, as well as through local real estate offices.




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