In Santa Cruz County 138 single-family homes sold in May, which is a 10% rise from 2008, when the housing market crashed, but it is a 14% decline from a year ago. The median sales price was $435,000 and 59% of sales were less than $500,000. Distressed properties accounted 41% of all sales. This includes [...]
Foreclosure activity in Silicon Valley continued its downward trend in April, which seems encouraging. But the bad news is that this is only the surface: the housing recovery is far-far away. The first step of the foreclosure process registered a 25% decline from March and 29.4% from a year ago in Santa Clara County, while [...]
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 [...]
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 [...]
The foreclosure crisis doesn’t looks like reaching its end soon, as banks foreclosed hundreds of troubled homeowners in March. And the big problem is that the whole foreclosure process takes almost a year to complete. This is the longest time since the housing crisis began. ForeclosureRadar published its report about the foreclosure activity saying that [...]
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 [...]
Sakamoto, former city manager of Hercules, said he brakes his relationship with the city and he is moving closer to his wife’s new workplace. As his home is worth no more the price he paid when it purchased, he sees short sale as the only alternative. Sakamoto’s two story property near Sycamore Avenue lays on [...]
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 [...]
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 [...]
There are two affordable housing organizations who have quietly started a program that adds affordable homes to the Marin County. Northbay Family Homes or NFH and its financing affiliate, the Suburban Alternative Land Trust bought the first two houses in a 20 home workforce housing program in January. The properties are three-bedroom, two-and-a-half bath townhouses [...]
