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 [...]
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 [...]
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 [...]
Marin County registered the biggest increase of foreclosures during the first three months of this year. Foreclosures jumped a significant 28.1% since the same period last year, DataQuick reported last week. However, Marin County is the only area in the nine-county Bay Area with rising foreclosures. The figures came as a surprise to many Marin [...]
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 [...]
Solano County foreclosure activity declined in January, although most of the Bay Area saw a significant increase. Daren Blomquist, director of marketing and communication for RealtyTrac which released a report containing the numbers last week, said Solano County saw a 17% fall in foreclosure posting compared to last year. The percentage of homeowners here who [...]
