Although logic, as well as statistics have placed San Francisco as a renter’s city, something is in the air. Being a renter’s city doesn’t mean that people don’t buy here. It just buying a flat – for most of the people – is either flat or impossible. The extremely high housing costs, even for small [...]
Home sales in Bay Area registered the best March in four years as prices dropped. A variety of indicators, such as adjustable-rate loan use, investor and cash purchase levels pointed toward a more normal market, though suggested that it’ still a ways off, DataQuick reported. The research firm published its report which highlights the sales [...]
Sales of previously occupied home were down in February and buyers who purchased one, got huge discounts, according to the National Association of Realtors. Home prices were influenced by the rise of foreclosures and weak sales, reaching the lowest level of in nearly nine years. The nation’s median sales price fell 5.2% to $156,000 the [...]
Bay Area home sale transactions were down in the first months compared to December 2010 sales, but rose slightly from a year ago due to slight price declines. A total of 4,966 new and resale condominiums were sold the the nine county area in January, down 30,8% from 7,178 in December, but up 2.3% from [...]
First months of the year bring slow sales, so when analyzing the January numbers you won’t have any surprise. A total of 4,966 new and resale condominiums were sold in the Bay Area during the first month of the year, bringing a 31% decline from 7,178 in December. This number is higher 2.3% from January [...]
The Bay Area median home price declined more than 3% in January to $338,000 from $350,000 a year prior as distress sales and bargain hunting continued to dominate the market. DataQuick released its latest report on Thursday saying that the median price in the nine-county San Francisco Bay region was also down about 10% from [...]
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 [...]
