A perusal of the market updates published in real estate-related sites, as well as trusted sources of financial market like the Wall Street Journal, shows the home prices in some of the major cities of the 9-county San Francisco Bay Area have gone up steadily, with uneven rebound in prices though. There are instances of [...]
In the 9-county SF Bay Area housing market, the number of new foreclosure filings is coming down consecutively for the last few months. Different interpretations are being offered by market analysts, as to the direction the foreclosure trend is heading, as far as SF Bay Area is concerned. The latest foreclosure activity report, pertaining to [...]
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 [...]
According to the latest statistics released by National Association of Realtors, it looks that the housing bottom is slowly vanishing. The report for the first quarter of 2010 says home prices in metro areas show an increase from what they were a year ago and most of the US States show healthy gains in volume [...]
Foreclosure Radar, a Discovery Bay company, reports that foreclosure filings have come down by 30 percent in April, compared to same time last year and this is a strong sign that the housing bubble is easing up, if not altogether vanished. The foreclosure activity for California as a whole is showing a decline by 41 [...]
In the 9 county San Francisco Bay Area, the fluctuations recorded in the housing market are worth watching, since they are the indicators for both sellers and home buyers. While home sales are up, the participation of foreclosure properties in home sales shows a downward trend. The total home sales in March, in all the [...]
There is yet another proof that the foreclosure mitigation plans of the government have had little effect – the foreclosure activity report for March in Santa Clara County of the Bay Area, records a 72 percent jump from last year. The federal government released last year, The Home Affordable Mortgage Program (HAMP), with the advertised [...]
