The city of San Francisco recorded a slight 2.9% increase in home sales last month on a year-over-year basis, with a total number of 422 properties changing hands in 2011, compared to 410 a year prior. However, the same number shows a nearly 6% decline in home sales, compared to a month prior, and an [...]
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, [...]
Although foreclosure activity is down in East bay for June, it doesn’t mean that the housing market is recovering, it’s rather the effect of the new requirements imposed on lenders. It started with the robo-signing scandal last fall and in April federal regulators announced a consent decree with major lenders that among other things ends [...]
The former home of Bank of America Home Loans located at 136 W. Napa St. in Sonoma has been put on notice that its owners are in default and the building and property at 136 and 144 W. Napa St will be put on foreclosure sale on June 7. The notice of default shows $3.7 [...]
Since 2008 nearly 2,500 Sonoma County single-family homes have been sold as short sales, CJ Holmes Brokerage from Santa Rosa reported. This number shows that short sales accounted more than one in every six sales in the area during these three years. About 31,000 county homeowners owed more than their homes were worth at the [...]
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 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 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 [...]
September brought Bay Area’s second lowest level in home sales in 19 years. The nine-county region registered the sale of 6,334 new and resale houses and condominiums during last month, which means a 20% drop from September last year, according to MDA DataQuick of San Diego. The lowest total of September was three years ago [...]
