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 [...]
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 [...]
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 [...]
A 82-unit condominium complex has defaulted on its $35 million loan, which means that a possible foreclosure is at the horizon. In addition to the bank’s lawsuit, another 19 subcontractors who worked on the property have filed complaints against San Rafael-based Monahan Pacific Corp., the project’s developer. These subcontractors demand $2.8 million in unpaid fees. [...]
Nelson Oliva, former Hercules City Manager sank into financial crisis, so he put his Hercules home for sale. The six-bedroom, five-bathroom house, built in 2003 on Nautical Cove in the Victoria by the Bay neighborhood, is listed at $549,999. The listed property is in pre-foreclosure. “The bank is holding off on foreclosure while it considers [...]
Californian homes falling into foreclosure have started declining, moreover they managed to reach their four-year-low in Q2, as a result of a more stable housing market as well as policy changes in the mortgage industry, DataQuick reported. The numbers are the following: a total of 56,633 homeowners received notices of default during the April-to-June period, [...]
If you are looking for that specific zone that received three times more foreclosure notices than the whole US, Sacramento is the one. At least according to a mid-year report from RealtyTrac, released Thursday. More than 2.5% of households in the Sacramento region received a foreclosure filing in the first half of this year. That [...]
While Realtors talk about a slight boost in California home sales, the number of transactions is still 11% lower than a year ago, a tracking firm reported. The numbers published by DataQuick are: a total of 38,975 homes sold last month, meaning a 9.7% rise from 35,536 in May. “June likely benefited from a combination [...]
