Napa County recorded 263 notices of default the third quarter, compared to 222 in the same period the year prior, according to DataQuick’s recent report. The 18.5% jump makes the highest percentage increase in the nine Bay Area counties. On the other side, the number of Napa County homes or condos completing foreclosure dropped 13%, from 131 [...]
Solano County records the nation’s second-highest foreclosure rate in the third quarter, a recent report issued by RealtyTrac reveals. Moreover, the are has been in the top three for foreclosures for about five years now, the research company experts say. However, the most recent report shows California cities ranking 15 of the top 25 metro-area [...]
Silicon Valley has recorded a significant increase in home foreclosure postings in July to August, a sign that banks resume their foreclosure proceedings. However, this will be confirmed if the upcoming monthly statistics will show the same trend in foreclosures. In Santa Clara County, 742 homeowners received a notice of default, a 25% rise from [...]
August was the month of positive numbers when it comes to home sales, as the statistics show a 9.1% rise. However, the jump in home sales doesn’t necessary mean that home prices will go up too, as DataQuick’s recent report highlights. According to the DataQuick report the nine-county Bay Area totaled 7,513 new and resale [...]
The case of Jack and Donna Pfister pictures what is happening these days in the Bay Area housing market. The couple got good news about their bid topping all others on a foreclosure in Vacaville, so they started making preparations for moving in. But several days after the good news, the were told the bank [...]
One of the priciest foreclosures in the country is located in Laguna Beach and it is available for an astonishing price of $18 million. This includes a nearly $2 million discount, and it is located at 31401 Mar Vista Avenue. The luxury real estate has 4 bedrooms, 4 bathrooms, 11,333 square-feet of living space and [...]
Properties priced $500,000 or above accounted 35.3% of Bay Area homes sales, the latest report from DataQuick notes. This is a more than 2% decline from June, when properties in that price range accounted 37.7% of all home sales. The All time low for the current cycle was in January 2009, when just 22.7% of [...]
The political show influenced the Bay Area housing market: after strong month-to-month sales gain the area for previous months, July was unusually weak. Home sales were down especially for homes above $500,000 but edged higher than July of 2010. According to DataQuick’s recent report, a total of 6,887 new and resale houses and condominiums changed [...]
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 [...]
Fewer Bay Area homeowners received notice of default in July than a year ago, but the improvement is not a sign that the housing crisis is slowing. This drop is due to an increase in short sales and loan modifications, said Daren Blomquist, manager of communications and marketing for RealtyTrac. “It’s because foreclosure-prevention programs are [...]
