After they went down the drain, Bay Area housing prices will go up in some parts of the nine-county area, a new forecast coming from Clear Capital says. A healthy real estate market means stabile prices, even when homeowners face different challenges, such as tight credit, and low sales. In a report released at the [...]
The San Francisco Bay Area has joined the line of the states with dropping foreclosure filings. Although the reason behind the drop can be the holiday foreclosure seizure, it is still encouraging. RealtyTrac released its monthly report and annual look-back recently, covering the nine-county Bay Area housing market. According to the press release, RealtyTrac believes [...]
A Fremont woman convicted of a foreclosure scam that targeted immigrant homeowners was sentenced to 5 years in prison Wednesday, Kamala Harris, California State Attorney General said. The name of the woman is Angeline Lisa Lizzarango, she is 69 years old and she was convicted of felony fraud and theft in connection with 11 scams [...]
The Bay Area’s median home price dropped 4% in last due to weak sales activity. DataQuick’s recent report shows that the median price for all houses and condos dropped to $350,000 from $365,000 in September. The price was the lowest in eight months and down nearly 9% from a year ago. The number homes purchased [...]
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 [...]
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 [...]
