Home sales in Bay Area hit the lowest from any August in 18 years, as a recent report says. August brought a total sale of 6,698 new and resale homes and condominiums in the nine Bay Area counties, revealed MDA DataQuick, a San Diego-based company. August sales have ranged from 6,688 homes in 1992 to [...]
Housing markets in the 9-County SF Bay area are no exception to the prevailing gloom in real estate across the country. Foreclosure properties were flooding the markets as elsewhere for the last few years. Inventory of unsold homes was mounting, as reported month after month, until, of course reaching the peak towards the end of [...]
What is stalling the economic recovery of the country? Growing unemployment – is the answer. There are 2 million jobs lost overall from the year 2007. Real estate experts say the growth of housing markets and recovery from the present gloom is only possible, if employment opportunities are created by both private sector and the [...]
August report paints a mixed picture of the San Francisco Bay Area housing market. First of all comes the decline of home sales to a new 18 year record low. About 6,700 homes and condos were sold in August 2010 which is down almost 11% from last year’s August home sales number. Only San Mateo [...]
Jobs, Jobs and more Jobs – this is the mantra recited by economic analysts, to put the economy back on its track from the present gloom (some of them have nicknamed it as Great Depression No.2 – the first being 1930s). But adding of more jobs is difficult in a recessionary trend – basically because [...]
The US Department of Housing and Urban Development will transfer California entities $149 million in additional funding for its NSP (Neighborhood Stabilization Program), of which the Bay Area will get about $8.5 million. The aim of the program is to give cities, counties and state entities money to fix up abandoned, foreclosed homes in order [...]
Home buyers from the low and middle-income group have been experiencing difficulty, owing to the tighter conditions for qualifying and even more tight stipulations from traditional lenders for financing the home buying activity. This is not an isolated episode for home buyers in the 9-County San Francisco Bay area alone, but the country as a [...]
The former Town and County shopping center in the hear of Sunnyvale was sold for $19 million to a San Francisco development company. They purchased the property with plans to put 280 housing units and possibly street-retail on the site. According to a press release published by BRE Properties Inc. they purchased 2.4 acres of [...]
Well – you might be hitting the luxury home market at the right time now, since prices of luxury homes in San Francisco and San Diego cities of the SF Bay Area are reported to be going down and further drop in prices is not excluded by experts. The San Francisco region is located inside [...]
San Francisco city, an important part of the 9-County Bay Area has some special features for its housing market. Right from the period of gold rush in California sea shores, when the influx of people in search of gold was tremendous, San Francisco played a pivotal role in transport facilities, to carry people and cargo [...]
