The Bay Area and California real estate market remains cloudy, said Ken Rosen, Ph.D., director of the UC Fisher Center for Real Estate & Urban Economics during his annual forecast. The main factor Rosen sees as the source of foreclosures is the job losses. This continues to put a drag on the regional and national [...]
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 [...]
Marin County, over the Golden Gate Bridge is lucky to be one of those regions where the market continues to be corrected and the property prices never reached sky heights. Here you will find a buyer’s market, though every market depends on the city and community. Places like Belvedere, one of the priciest places in [...]
The 9-County Bay area including, the whole of California is going to be helped by the federal government allocation of tax dollars as subsidy – reason: foreclosure mitigation special for “weak” States. The financial health of these states – California; Florida; Arizona; Michigan and Nevada are seriously affected by twin diseases – increasing unemployment and [...]
The news stories published in San Francisco Chronicle under the Real Estate feature are very useful for viewers, to update their information of what is happening in the 9-County SF Bay Area. In this context, their latest Condo Report analyses the facts and figures of residential property sector – particularly condominiums. Here are some of [...]
A Business Report appearing in San Francisco Chronicle analyses the above question in detail. Here are some of the interesting points raised: To refresh memory – federal government announced tax incentives to make way for speedy recovery of economy and enthuse home buyers to engage in buying activity. To become eligible for the tax break [...]
One of the consequential damages caused by the foreclosure crisis and housing bubble is depleted market value of properties, resulting in loss of revenue to county administration, through reduced Property Tax collection. There seems to be no escaping, to manage the loss other than by slashing budgets towards welfare expenses – especially education of the [...]
Fluctuations in the rate of unemployment causes a flutter in the number of delinquencies in a region – experts say. That follows any reduction in unemployment rate is a welcome news to the real estate sector and ultimately to foreclosure reduction. Santa Clara County, it is reported, posted its lowest unemployment rate during May, but [...]
On the one hand the increase in unemployment rate is pushing foreclosure crisis into deeper trouble, experts say, and pressurizing government to announce foreclosure mitigation programs and on the other the budget cuts in Bay Area counties cause the reduction of staff strength and increasing unemployment. This maze-like situation is brought to light by the [...]
Certainly the foundation that a short sale property purchase will lie upon is that of value. If again the purchase is entered into at a margin below the valuation, the objective of every investor is realized. In similar fashion, intellectual property to date is yet to be the subject of an accurate valuation system; it [...]
