Question: I’ve spoken to a few home builders in the San Francisco Bay Area and they expect things to pick up in the second half of the year. But this is a different market than the rest of U.S. –Ander Vazquez, Marcus & Millichap.
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County’s home prices are taking a beating to start the year as foreclosures have overwhelmed the market, but some real estate agents see increased buyer interest in the otherwise gloomy market.
Banks have purchased nearly as many foreclosures in North County as have individuals buying homes over the last two months, according to reports from the […]

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SANTA ANA – Despite a major slowdown in Orange County’s housing market, home prices are still out of reach for many residents.
That’s the most dramatic of the many disparities highlighted in Tuesday’s release of 2008 Community Indicators report, an annual measurement of 50 issues ranging from housing, health, education and economics.
The ninth annual report can […]

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The Recordnet reports from California. “In the early days of the housing downturn, home builders tried to pump up sales by offering various buyer incentives. That segued to cutting the base costs to try to attract buyers who were focusing more and more on the price tags. The newest trend is a price guarantee to […]

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The Union Tribune reports from California. “Economist Edward Leamer, director of the UCLA Anderson Forecast, said the creation of a company that helps borrowers go into foreclosure reflects ‘a collective erosion in borrowers’ commitment to service their loans.’ Households didn’t default on mortgages unless they experienced life-changing events, such as illness, divorce or a death […]

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A four-bedroom farmhouse in South Egremont, Mass.; a two-bedroom condo in Vail, Colo.; and a one-bedroom apartment in San Francisco.

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LOS ANGELES (Reuters) - Michael Jackson’s famed Neverland Valley Ranch in California will be foreclosed and sold on March 19 unless the pop star pays a balance of nearly $25 million, property records showed on Tuesday.
FoxNews.com celebrity columnist Roger Friedman reported on the Web site (http://www.foxnews.com) that Jackson has been formally apprised of the […]

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The Mercury News reports from California. “Home sales around the Bay Area fell in January for the 36th month in a row, and four Bay Area counties saw median prices drop below $500,000, something not seen since 2005, DataQuick reported. A total of 3,586 new and resale houses and condos were sold in the Bay […]

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