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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The Used House Salespeople report from California. “Home sales decreased 29.8 percent in January in California compared with the same period a year ago, while the median price of an existing home fell 21.9 percent, C.A.R. reported today. ‘The slight increase in sales predates the president’s signing of an economic stimulus package including a temporary […]

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The Whittier Daily News reports from Florida. “Yvonne Herrera’s blue-gray, two-bedroom family home on a quiet, dead-end road in Covina was astonishingly cheap when she and her husband bought it: only $129,000. Ten years later, after refinancing several times and borrowing money against the home, Herrera and her husband pay $3,300 a month on a […]

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The Mercury News reports from California. “For what one expert thought was the first time, the number of monthly foreclosures exceeded the number of monthly home sales in California in January, according to data compiled by two research companies. A Discovery Bay real estate research firm said 19,821 California homes went into foreclosure in January, […]

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The Voice of San Diego reports from California. “Lela Mazzeo rested an arm on a doorframe in the first home she ever owned and sighed. The two-story house on a large lot in Casa de Oro has been listed for sale for three months. The Mazzeos haven’t lived in it since 2003, when they bought […]

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The Santa Cruz Sentinel reports from California. “The median price for a single-family home in Santa Cruz County dropped to $599,000 in January, down 18 percent since December and a level not seen since 2004. Only 63 sales closed escrow, a new low, the previous was 107 in 2006. More than 170 local homeowners have […]

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The UCLA Newsroom reports from California. “In its fourth quarterly report of 2007, the UCLA Anderson Forecast holds steadfast to the basic tenet of a forecast they have been making throughout the year, that the national economy is not technically in a recession, nor is there a national recession on the economic horizon. There will […]

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The Press Democrat reports from California. “A total of 47 cases were scheduled for hearings Thursday in Judge Alan Jaroslovsky’s Santa Rosa bankruptcy court, each involving a creditor seeking permission to seize a debtor’s property. The vast majority involved lenders attempting to foreclose on homeowners who had sought safe haven in the courts from the […]

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