The end of 2010 brought nothing new to the Bay Area housing market, the prices appeared flat to down a bit and sales were slow. A total of 7,178 new and resale houses and condominiums were sold in San Francisco Bay Area, bringing a 17.5% increase from November and a 8.3% drop from the December [...]
The state’s plan to help troubled homeowners facing foreclosure was launched this week in California with the California Housing Finance Agency taking applications on a toll-free phone line. This program is designed to help homeowners receiving unemployment benefits keep current on their mortgage payments, so it will give as many as 60,000 eligible homeowners a [...]
The number of US homes receiving a foreclosure notice will be up 20% in 2011, reaching a peak for the housing crisis, as unemployment remains high and banks resumed seizures after the foreclosure moratorium, RealtyTrac reported. "We will peak in foreclosures and probably bottom out in pricing, and that’s what we need to do in [...]
The Scotts Valley Hilton hotel faces foreclosure sale set for January 18 for an unpaid debt of $16.8 million. According to default notice filed with the county, $1.2 million was owed as of middle of July. The third quarter number show 582 hotels is default for foreclosed, which is a 71% increase from 2009, Atlas [...]
San Francisco housing market update brings some numbers in front. Looking at the property prices we learned that there are big differences between the Excelsior and the Marina neighborhoods: $408 per square feet, and $817 per square feet, respectively. This per square feet price places Pacific Hights/Marina on the top of the list. This neighborhood [...]
The real estate market needs to be revitalized for sure, so flipping homes might seem a proper way for this to happen. And this has become again a big business. Real estate investors are buying properties at foreclosure auctions from banks and then resell the properties within months or even weeks for large gains. This [...]
