The number of Bay Area homeowners who are underwater is up 22.8% compared to a year ago, Zillow’s recent report highlighted. “Negative equity is growing because you still have foreclosures happening so the housing values are still declining,” said Svenja Gudell, senior economist for Zillow. “As home values decline, negative equity will increase.” Alameda County [...]
Californian homes falling into foreclosure have started declining, moreover they managed to reach their four-year-low in Q2, as a result of a more stable housing market as well as policy changes in the mortgage industry, DataQuick reported. The numbers are the following: a total of 56,633 homeowners received notices of default during the April-to-June period, [...]
If you are looking for that specific zone that received three times more foreclosure notices than the whole US, Sacramento is the one. At least according to a mid-year report from RealtyTrac, released Thursday. More than 2.5% of households in the Sacramento region received a foreclosure filing in the first half of this year. That [...]
While Realtors talk about a slight boost in California home sales, the number of transactions is still 11% lower than a year ago, a tracking firm reported. The numbers published by DataQuick are: a total of 38,975 homes sold last month, meaning a 9.7% rise from 35,536 in May. “June likely benefited from a combination [...]
June brought a minor boost for California’s housing market, but activity was still slower that a year prior, according to DataQuick. A total of 38,975 homes were sold in the state last month, which means 9.7% rise from 35,536 recorded in May. The nine-county Bay Area homebuyers purchased 7,998 new and resale condos in June, [...]
The number of of notices of house repossession showed a significant increase and residential real estate experts in the San Francisco Bay Area are worried about more mortgage trouble that could fluid the market in the area. According to market data, the number of delinquent borrowers who received notices of house repossession reached the 20,000 [...]
Short sales and foreclosures will account a significant percentage of the real estate market, Michelle Lenahan, director of customer service and training for Foreclosure Radar concluded in a press release. Examining trends in foreclosure and bank owned properties in the San Francisco bay, Lenahan said new that delinquencies are down and the foreclosure rate is [...]
Foreclosure activity slowed in the nine-county Bay Area during May as banks continued to halt their foreclosure process. RealtyTrac released its latest report where it states that about 1,860 Bay Area homeowners received a notice of default, down 13% from April and down 20% from a year prior. Another 876 homes were repossessed by lenders [...]
The median sales price for a single-family home in Santa Cruz County was $445,000 in April, which was bad news for those looking for values to recover, offering prices comparable to those 11 years ago. This drop makes April the fourth month that the median was less than half a million. There were 139 sales, [...]
The percentage of underwater homeowners rose sharply in San Mateo County in the first three months of this year. San Mateo homes in negative equity reached 17.5% in Q1 of 2011 as compared to 11% last year, according to Zillow’s report. But this isn’t happening only in San Mateo, it is a trend driven by [...]
