California State is one among most-hit by the foreclosure crisis. It has been finding a dubious place in the top 10 list, ever since the mortgage crisis rendered thousands of homeowners forfeit their equity to the foreclosure tragedy. The federal government, in association with the State’s administration, is implementing various help-programs in the past. The [...]
We have been seeing constant news items regarding price reductions, ever since the housing markets were plagued by the foreclosure crisis. Home values have plummeted continuously for months, during the thick period of mortgage crisis – starting from 2007. The flood of foreclosure properties into the markets – as distress sale where the only objective [...]
Looking into the credentials of Silicon Valley – nicknamed as such by the enormous growth of silicon-chip companies – it is rated a high-tech center in the United States, behind only New York Metropolitan and Washington Metropolitan. It is part of the SF Bay Area region, encompassing entire Santa Clara County and other cities like [...]
It is no secret that the ongoing housing crisis throughout the nation, especially California is the reason behind plummeting home sales. A lot of additional reasons put together are adduced for the crisis-ridden conditions of the markets – weak economy to thinning household income to unemployment – and the list goes on and on. California [...]
It is really surprising – from the gradual recovery path showing for the last several months in the first half of this year, the housing market of the 9-County San Francisco Bay area has dipped both on home sales and median prices. In fact it is logging a pace of home sales that was the [...]
The real estate market of the Golden State, which includes the 9-County San Francisco Bay Area as part and parcel of it, is grim as of now – no question. Irving-based Realtytrac reports that California alone accounted for 21 percent of the nation’s total foreclosure activity in the quarter ended September 2010. It recorded the [...]
Santa Clara County of the SF Bay Area is one example we can look into for the current activity level in the housing markets in and around San Francisco. California is retaining its fourth place consistently for the last several months in the top 10 list of states, heavily hit by the foreclosure crisis. But [...]
If you look at the market reports of September 2010, you will be surprised to note that many housing markets, barring a few exceptions, are turning out similar results of fewer home sales; uptick median home prices. And the 9-County SF Bay Area is no exception. Why home sales are down after showing up during [...]
After a prolonged suspense over the self-imposed foreclosure halt by Bank of America, news has reached the media that the country’s biggest mortgage lender has ended the foreclosure moratorium in 23 States; but the action for reviewing the foreclosure papers is continuing in California, which includes the pricy SF Bay Area housing market, and 26 [...]
The San Francisco Bay area, as we know, is struggling with fluctuations in home sales like elsewhere in the country. The foreclosure activity statistics for California as a whole is reported to be the nation’s largest, during the third quarter ending September 2010. Actually this state alone accounted for 21 percent of the total foreclosure [...]
