Noe Valley market stats show a home value index of $992,000, according to Zillow. Recently published data show that the area’s median single-family home value is above $1 million, reaching $1,072,600m while the national is $173,500. Now a real estate in this area, refinanced several times is scheduled for a foreclosure auction next Tuesdays. The [...]
The San Francisco Redevelopment Agency can expect a $18 million down payment as soon as there will be a winner for the construction of 450 units of mixed-income housing near the Transbay Terminal. The amount can lessen to $15 million if the builder is willing to work out a participation payment plan with the city. [...]
San Francisco recorded a drop in pre-foreclosure activity last Month. According to the latest data published by the San Francisco Association of Realtors in June 576 properties received foreclosure filing. This number dropped to 549 today, 32% of which are in District 10, down from 34% in January but up from 30% in March. However, [...]
Financial distress doesn’t avoid churches. Now the San Jose-Mekane Rama Saint Gabriel Cathedral in San Jose faces hard financial times, as it is threatened with foreclosure The cathedral was established in 1986 by few Ethiopians who wanted to have a place of their own to worship and fulfill spiritual needs and the real estate served [...]
Sunnyvale Town Center went back it Wells Fargo on a public auction August 17, as no one bid on the property except the lender, so it won control on the 36-acre mixed used project with an $108.8 million credit bid. “Based on today’s action, the bank now has legal control of the town center project [...]
Since the housing crisis began Solano County was among the top cities with the country’s highest foreclosure rate, and the recent report coming from RealtyTrac just validates its position. One one every 140 housing units faces foreclosure filing last month, making Solano the fourth hardest hit area nationwide after Las Vegas, Stockton and Modesto. Statewide, [...]
The new owner of the historical Lake House is a San Francisco man strongly connected to Waterford. He purchased the real estate at foreclosure auction with hopes to open up a restaurant in the future. “I’m going to open a restaurant,” DeLois said, smiling broadly as neighbors in the National Historic District of Waterford Flats [...]
A recent report issued by Zillow shows that the struggling housing market continues to make victims. The percentage of homeowners who are underwater in up 7.7% since last year, making a total of 22.8% according to Zillow records. “Negative equity is growing because you still have foreclosures happening so the housing values are still declining,” [...]
A San Francisco penthouse apartment previously listed for $70 million has been repossessed by its lender, entity which put it back on the market for less than half of the previous listing price. One of the curiosity of the luxury apartment it has never been lived in, and the second one is that the most [...]
According to Trulia, the median sales price for homes in San Francisco was $670,000 in the second quarter. The number is based on 1,555 sales that took place during this period. Compared to same period of 2010 the median price is up almost 1% or $5,000 and the number of sales increase a light 0.3%. [...]
