It looks like we witness a new era in foreclosures: the era of lenders foreclosing on banks. This is based on a situation that happened recently in Sacramento: Intra-Pacific Commercial Inc foreclosed on a property in South Sacramento from Westamerica Bank. Westamerica Bank became the owner of the land through a series of events, including [...]
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 Bay Area median home price declined more than 3% in January to $338,000 from $350,000 a year prior as distress sales and bargain hunting continued to dominate the market. DataQuick released its latest report on Thursday saying that the median price in the nine-county San Francisco Bay region was also down about 10% from [...]
The California Association of Realtors reported that home sales rose in November, though sales were down in the last month of the year. The median price of an existing single-family detached home sold in California fell below the $300,000 mark for the first time since February. The information coming from more than 90 local associations [...]
James Madison, a Santa Rosa real estate agent, specialized in foreclosure sales believes home prices will rise 1 to 2% in 20111 “I don’t think it’s going to be a lot,” said Madison, who was the county’s top real estate agent by sales and dollar volume last year, as well the 10th top agent by [...]
California State is one among most-hit by the foreclosure crisis. It has been finding a dubious place in the top 10 list, ever since the mortgage crisis rendered thousands of homeowners forfeit their equity to the foreclosure tragedy. The federal government, in association with the State’s administration, is implementing various help-programs in the past. The [...]
We have been seeing constant news items regarding price reductions, ever since the housing markets were plagued by the foreclosure crisis. Home values have plummeted continuously for months, during the thick period of mortgage crisis – starting from 2007. The flood of foreclosure properties into the markets – as distress sale where the only objective [...]
Looking into the credentials of Silicon Valley – nicknamed as such by the enormous growth of silicon-chip companies – it is rated a high-tech center in the United States, behind only New York Metropolitan and Washington Metropolitan. It is part of the SF Bay Area region, encompassing entire Santa Clara County and other cities like [...]
It is no secret that the ongoing housing crisis throughout the nation, especially California is the reason behind plummeting home sales. A lot of additional reasons put together are adduced for the crisis-ridden conditions of the markets – weak economy to thinning household income to unemployment – and the list goes on and on. California [...]
It is really surprising – from the gradual recovery path showing for the last several months in the first half of this year, the housing market of the 9-County San Francisco Bay area has dipped both on home sales and median prices. In fact it is logging a pace of home sales that was the [...]
