Some indicators suggest that Marin County’s housing market hit its bottom in 2010 and this year started its recovery. The county’s median sale price for a single family house rose $25,000 or 3.3% from the previous year to $775,000, which is the first annual increase sine 2007. Still, there are many other aspects that influence [...]
Bay Area home sales were up from November to December at a time, when interest rates have started to climb from record lows and sales of foreclosed homes are starting to creep up, according to data released there days. The MDA DataQuick report says that home sales were up on a month-to-month bases, but not [...]
"There is a backlog of inventory of homes that are in the process of being foreclosed, or are already foreclosed and are yet to be listed. There is a lot of inventory that has yet to hit the market," said Faramarz Moeen-Ziai, a mortgage banker with San Ramon-based Bank of Commerce Mortgage. "Total properties receiving [...]
The California Association of Realtors reported that home sales rose in November, though sales were down in the last month of the year. The median price of an existing single-family detached home sold in California fell below the $300,000 mark for the first time since February. The information coming from more than 90 local associations [...]
The number of bay Area homes that were in some stage of foreclosure was declined almost 5% in 2010, a better showing compared with the national market. Looking back to 2010 and analyzing these numbers we can say that this is an encouraging sign in this 4 year old foreclosure crisis, but high unemployment rate [...]
As 2010 end the number of foreclosure filings – including default notices, notice of trustee sales and bank repossessions – fell 21% nationally since October. There were a total of 262,339 foreclosure filings nationally. This means a 14% decrease from a year ago. Commenting on the recently published numbers RealtyTrac Daren Blomquist, marketing manager of [...]
Looking back to 2010, we can see how the county’s median price hovered between $340,000 and $370,000. The median price remained far below the record of $619,000 set in August 2005, but higher than the market bottom of $305,000, registered in February 2009. According to Eduardo Martinez, senior economist with Moody’s Analytics in West Chester, [...]
James Madison, a Santa Rosa real estate agent, specialized in foreclosure sales believes home prices will rise 1 to 2% in 20111 “I don’t think it’s going to be a lot,” said Madison, who was the county’s top real estate agent by sales and dollar volume last year, as well the 10th top agent by [...]
Foreclosure activity continued its decline in November in the Bay Area and at the national level in response to the robo-signing scandal that involved foreclosure court documents that unfurled in September.Although most of the lenders have now resumed their foreclosure activity, the holidays kept the foreclosure posting numbers low, so as it is expected the [...]
A Bay Area soldier has got back home for the holidays. The good news for him and his family is that they can really call that property home. A year ago the family was one step away from losing their home of 10 years. Fortunately, the holidays brought their smile back to their faces: they [...]
