This is the fourth consecutive month when home sales are down, or at least in the slow gear in Bay Area,although there are super low mortgage rates the market. Although home sales are down 20% September, home prices are on the rise the in nine-county area with almost 10% in response to more sales of [...]
The lowest mortgage rates in the history of U.S. home markets have come up at an inopportune time. The housing markets across the country, including California and its 9-County SF Bay Area are laden with innumerable problems – from the foreclosure crisis to the latest crisis in foreclosure documentation by lending banks. So in a [...]
This question lurks in the minds of market watchers, while seeing the housing market report for August 2010 in the 9-County SF Bay Area. The reason is simple – indicators of performance – home sales; median price; foreclosure activity; and mortgage financing taken along with mortgage rates – are pulling in different directions. The market [...]
There is a trend in East Bay homes to fall into the category of becoming bank-owned properties, so the nationwide foreclosure moratorium will slow down the number of homes being taken back by the banks, at least for now. In the Bay Area, which is defined by RealtyTrack as Alameda, Contra Costa, Marin, San Francisco [...]
This seems a foreclosure crisis of course – but of a different nature from the earlier devastation that rendered millions of home owners lose their homes and driven away by lenders – dejected. Adding insult to injury, the present crisis seems to be the handiwork of inefficient or lethargic officials of the lending banks – [...]
In all the home markets of U.S. some are distinguished as expensive markets, owing to the cost of housing in those locations remaining high – for varied reasons including standard of life. For decades, they are so with best of best facilities provided, because of the continued influx of population. California is considered as a [...]
According to the latest surveys released on Tuesday the foreclosure rates flat-lined in September in Silicon Valley. And while California has sidestepped much of the national drama, experts were divided over the possible future impact on homeowners new that Bank of America has temporarily put the brakes on all foreclosures across the country. As the [...]
Call it a temporary lull after the ending of fillip to home buyers, with a deadline to book their home faster by the tax-break incentive; or the present fretting out about job security; or loss of job or downward economy – the fact remains that home sales dwindled all over the country in the month [...]
A recent survey made public by ForeclosureRadar shows that the number of foreclosed properties sold to a third party, which is usually an investor, dropped 15.6% across the state in September and nearly 10% in Santa Clara County. On the other side, the number remained unchanged in San Mateo County. Investors usually flip the properties [...]
On a perusal of housing market report from the 9-County SF Bay Area, you will observe that the home sales dropped in August 2010, both month-wise from July and year-over-year from August 2009.Total number of homes sold – from the categories of condos, single-family existing homes as well as new homes – in August was [...]
