Tag Archives: Christopher Thornberg

Bay Area housing prices jump 43 percent, but don’t celebrate

The area median home price shoot up by 43 percent to $620,000 in the Bay Area during the past year, according to ZipRealty. Blanca Torres Reporter- San Francisco Business Times Email  | Twitter  | Google+  | LinkedIn The Bay Area housing market is … Continue reading

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Foreclosures, default notices plunge

The deluge is over. Foreclosures and default notices in California and the Bay Area have subsided back to their 2007 levels. Foreclosures are still running about double historical averages, but are a far cry from the sky-high levels during the … Continue reading

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Number of homes on market down as prices pick up

After several months of house-hunting in and around Cupertino, Sury and Suhasini Balasubramanian became disheartened. “We were outbid quite a few times,” said Sury Balasubramanian. “They were all-cash deals with no contingencies, way over our budget.” They decided to get … Continue reading

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State’s jobs picture is looking up

Some things to be thankful for this Thanksgiving weekend: “California’s economy is actually healthier than popular or pundit opinion would suggest,” says Christopher Thornberg, president of Beacon Economics. Despite the unacceptably high 11.7 percent unemployment rate – 2 million Californians … Continue reading

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