The real estate market was boosted by high number of distressed property transaction for the third consecutive month, adjusting for seasonal trends, the California Association of Realtors reported. While transactions very high, the median price an many regions statewide were down in January, both on month over month and from the year before. "Although prices [...]
California home sales were up in January, making three consecutive monthly increases and posting their highest level since May last year, while the statewide median price declined to its lowest level since June 2009, says the January report issued by the California Association of Realtors. The report highlights the closed sales of existing, family detached [...]
Malia Cohen, San Francisco Supervisor has lost her home to foreclosure. She was elected to represent the southeast section of the city back in November and now she faces foreclosed truth. She bought the two bedroom condo near Candlestick Park with a predatory loan from Wells Fargo. And this isn’t the first predatory loan Well [...]
Bay Area home prices as well as nationwide prices fell in the forth quarter. What is different this time is that the accelerated declines are likely to bring the real estate market to a bottom later this year, according to Zillow. “This is the beginning of the end,” said Stan Humpries, Zillow chief economist. “We’re [...]
The Northbay Family Homes has purchased its first bank-owned townhouse which plans to remodel and sell to moderate-income families. The project was announced Tuesday, and it is part of a program aimed at expanding home ownership within Marin’s workforce, said Clarck Blasdell, president and CEO for Northbay. “The goal is to help families with young [...]
The second phase of One Rincon Hill is threatened by foreclosure, or at least by some sort of foreclosure. Socketsite reported that a “notice of uniform commercial code foreclosure sale” has been posted for an interest in Rincon Developers Phase II LLC, with the foreclosure sales scheduled for March 10. According to the notice, “this [...]
McGuire Real Estates reports an increase in home sales for the first time since 2004 with over 16,000 properties sold in 2010, which is up 3 whole percents from 2009. Single family home sales climbed 4.4% during December after six months of declines. Statistics show last year’s sales activity and market performance in line with [...]
