Across the nine-county San Francisco Bay Area last year was a puzzle with contrary trends, but the main trend was declining home prices for single-family houses and large areas of depressed sales. However, Bay Area realtors are convinced that a better year is ahead. Looking at the nine-county area, sales of single-family homes in Contra [...]
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 [...]
Recent studies show that Bay Area homes lost more than 33% of a trillion dollars in value since the financial crisis hit the country four years ago. The numbers calculated by DataQuick are shocking: the loss in home vale in five Bay Area counties from 2007 to 2011 was $387 billion, which is a 33% [...]
Bay Area luxury home sales dropped in November compared to a year ago, according to DataQuick’s latest report issued Wednesday. The drop is mostly due to the holiday season and uncertain economy. DataQuick’s data show a double digit drop in luxury home sales or properties priced above $800,000 in Santa Clara, San Mateo, Alameda and [...]
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 [...]
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, [...]
Bay Area foreclosures dropped sharply during last months according to a new report released yesterday. But experts warn: this shouldn’t be taken as a sign of an improving market. Compared with the same month a year ago, foreclosure activity plunged in Alameda County by 27.7 percent, in Contra Costa County by 19.9 percent, in Solano [...]
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 [...]
First months of the year bring slow sales, so when analyzing the January numbers you won’t have any surprise. A total of 4,966 new and resale condominiums were sold in the Bay Area during the first month of the year, bringing a 31% decline from 7,178 in December. This number is higher 2.3% from January [...]
