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 [...]
Although both seem remotely connected with each other, the BP’s Gulf oil spill – presently affecting only dolphins, birds and other animals so far – is creating a scare among the real estate business people, in that it will affect the property values of those cities having seashore – including San Francisco Bay Area. Trulia.com [...]
It is reported that a new legislation in California in the offing, would extend protections for distressed home owners caught under foreclosure – even if they had refinanced the original mortgage. The State Senate approved the new law in June and it was passed by a State Assembly Committee last Tuesday. The final voting is [...]
Bay area latest market trends – as reported by DataQuick Information Systems – are as follows: Median price of homes sold fell below the $500,000 mark for the first time in the last 4 years to $485,000 in June 2010 – down by 6.2 percent from $517,000 reported in May this year. The total sales [...]
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 [...]
The incentive for home buyers – first time buyers and repeat buyers – by way of tax credit has expired on 30th April. The federal government tried hard by the foreclosure mitigation programs one by one, to help the housing market recover. The success or failure of these programs has been a point for debate, [...]
The recent survey conducted by Trulia.com and Realtytrac among home buyers and renters to assess the sentiments in their minds, about home buying from the foreclosure pool, revealed that with the changed timings, there is slightly less enthusiasm – coming down from 55 percent in 2009 to 45 percent currently. Despite this, the selling and [...]
Requesting for a break in Property Tax payment is another way of delaying the inevitable, resorted to by the troubled home owners in the foreclosure environment. Property Tax is levied on the assessed value of the concerned property. Arising out of the down-turn economy and consequent housing bubble, home owners in San Francisco and elsewhere [...]
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 [...]
