homesmillbrae.com » Real Estate News

San Francisco: 36% Drop in Foreclosures Year Over Year

Mon, 12 Nov 2012 08:34:09 +0000

The San Francisco housing market continues to recover, and in more ways than one. New research shows that foreclosure activity has dropped significantly across the Bay Area. This will support home prices and increase market stability going forward.

The Federal Reserve recently published a positive outlook for the San Francisco metropolitan-area housing market. Among other things, it predicted strong demand for homes into 2013. That’s good news for sellers.

Here’s more good news for homeowners in the area. Foreclosure filings are receding — and fast.

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Authored By Brandon Cornett – See the Full Story at the Home Buying Institute

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Article source: http://www.gayapolis.com/news/artdisplay-realestate.php?artid=19568

San Francisco Real Estate Hit by New Conforming Loan Limits

Mon, 21 Nov 2011 12:23:34 +0000

San Francisco Bay Area home prices fell 8.6 percent last month from a year earlier as limits on mortgages backed by the federal government were reduced, DataQuick said today.

The median paid in the nine-county region declined to $350,000 from $383,000 in October 2010, according to the San Diego-based research firm. Prices dropped 4.1 percent from $365,000 in September. The decrease was largely due to the expiration of so-called conforming loan limits on Oct. 1, DataQuick President John Walsh said in a statement.

“This may well be a short-term pause while the market recalibrates changes in loan thresholds,” he said.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from Business Week

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Article source: http://www.gayapolis.com/news/artdisplay-realestate.php?artid=12238

San Francisco Bay Area Homes Continue to Slip Underwater

Fri, 11 Nov 2011 17:43:18 +0000

Homes around the Bay Area are continuing to slide underwater – the term for a home worth less than what is owed on the mortgage – according to a report from real estate research firm Zillow.

Nearly a quarter (24.6 percent) of homes in the nine-county area were underwater in the three months ended in September, Zillow said. That compares with 22.8 percent in the preceding quarter.

Several reasons underlie the declines: the end of the spring/summer peak home-buying season, continued malaise after last year’s expiration of home buyer tax credits, lack of consumer confidence.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from SFGate

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Article source: http://www.gayapolis.com/news/artdisplay-realestate.php?artid=12047

Will Price Gap Between Sacramento and San Francisco Bring Home Buyers East?

Sun, 06 Nov 2011 11:12:12 +0000

Twenty-nine cents on the dollar. That’s what homebuyers now pay for a typical house in the Sacramento region compared to buyers in San Francisco. And if history is any guide, that mounting price gap could have a big impact on Sacramento’s housing market and economy in the not-too-distant future.

The last time the spread between Bay Area median prices and Sacramento median prices grew so big was a decade ago, just before tens of thousands of Bay Area transplants arrived in Sacramento, turning a healthy housing market into a bona fide boom.

Since then, that wave of transplants has slowed to a drip, with barely more residents relocating from the Bay Area to Sacramento than heading in the other direction.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from the Sacramento Bee

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Article source: http://www.gayapolis.com/news/artdisplay-realestate.php?artid=11946