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Housing News - Northern CA
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Aug 16, 2007 --
The San Francisco Bay Area housing market kept on its downward slide through the month of July. Home sales fell in every county within the nine-county region with the one exception of San Francisco. Home price declines were also reported in Solano, Sonoma, and Contra Costa Counties.
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Jun 20, 2007 --
According to some of the most recent headlines, home sales are down and prices are up in the San Francisco Bay Area of California. While it is true that sales have declined, home prices may not be increasing as reported.
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May 17, 2007 --
Home sales have declined in Sonoma County for 19 consecutive months. Sonoma County's media home prices are also falling, declining 8.5 percent last month alone.
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Apr 13, 2007 --
Home sales remained slow in March in the San Francisco Bay Area of California. Almost every county in the nine-county region saw a decline in the number of homes sold in March this year versus March of last year. Contra Costa, Solano, and Marin had the biggest drops, but other counties weren't far behind.
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Apr 11, 2007 --
Home inventory is on the rise in the San Francisco Bay Area. During the month of March, Bay Area home listings increased at one of the highest rates in the nation. The large amount of inventory could cause prices in the Bay Area to fall even further.
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Mar 13, 2007 --
Home affordability has long been a problem for the state of California, but the problem seems to be growing out of control. With home prices climbing much faster than incomes, it is estimated that less than 25 percent of the residents in the state can afford to buy.
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Jun 01, 2007 --
Builders were already planning to build fewer homes in the San Francisco Bay Area of California than usual, but according to a new forecast released at a builder's conference yesterday, the projection has been downgraded even further.
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Apr 17, 2007 --
Foreclosures are up, sales are down, and housing is still unaffordable in the San Francisco Bay Area of California. It is becoming increasingly difficult for anyone to buy into housing markets in the nine-county Bay Area region, and the problems could lead to very negative consequences for residents.
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Aug 16, 2007 --
The San Francisco Bay Area housing market kept on its downward slide through the month of July. Home sales fell in every county within the nine-county region with the one exception of San Francisco. Home price declines were also reported in Solano, Sonoma, and Contra Costa Counties.
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Jun 20, 2007 --
According to some of the most recent headlines, home sales are down and prices are up in the San Francisco Bay Area of California. While it is true that sales have declined, home prices may not be increasing as reported.
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May 17, 2007 --
Home sales have declined in Sonoma County for 19 consecutive months. Sonoma County's media home prices are also falling, declining 8.5 percent last month alone.
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Apr 24, 2007 --
In a year over year comparison, home sales fell 14 percent across the San Francisco Bay Area. The largest decline occurred in Solano County, where sales fell 25 percent. Marin County and Napa County had the strongest sales activity, but still experienced a modest decline.
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Mar 28, 2007 --
Home sales slowed in Santa Clara County during the month of February. The average number of days a home spent on the market increased in most areas. Median prices, meanwhile, moved up and down. Prices fell in Los Gatos, Morgan Hill, Saratoga, and Campbell, but edged up slightly in Los Altos, Mountain View, Sunnyvale, and San Jose.
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Feb 27, 2007 --
Home sales in Alameda County are down significantly. Median home price are also decreasing in most cities within the County. Areas like Albany, Pleasanton, and Union City have seen the largest declines, while Berkeley and Oakland both experienced small increases.
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Feb 21, 2007 --
Home sales in Contra Costa County are down, as are median home prices. Areas like Byron, Clayton, and Pinole have seen large decreases, while Orinda and Pleasant Hill have seen modest gains.
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Feb 20, 2007 --
Median home prices are moving up and down within the Bay Area, particularly within Santa Clara County. If you are thinking about buying or selling in Santa Clara, or if you are merely curious, this breakdown of home statistics should prove interesting.
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Feb 16, 2007 --
According to new data released yesterday, Marin County housing is helping to keep the Bay Area median home price afloat. Ironic, considering the Marin County housing market showed every sign of slowing between December of 05 and December of 06.
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Jan 31, 2007 --
The bursting housing bubble is making life hard for a lot of Bay Area residents. Everyone from investors and developers to new homebuyers are feeling the effect. One group in particular is growing rapidly as a result of the housing boom and resultant lack of affordable Bay Area housing options: the homeless.
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Jan 29, 2007 --
With more and more people getting priced out of the Bay Area market, the need for affordable housing has become downright desperate. This may explain why buyers are beginning to turn to condos and townhouses in droves and why builders are more than anxious to accommodate the growing interest.
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Jan 23, 2007 --
Fourth quarter numbers are in for the Bay Area and show that home sales have declined considerably compared to the final quarter of last year. The numbers also indicate that inventory is building and Bay Area homes are spending more time on the market than usual.
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Jan 18, 2007 --
December numbers indicate that the pricey Bay Area housing market has taken another hit as median home prices declined and home sales dropped to a ten-year low. Experts speculate on what is contributing to the slowdown and what we can expect from the Bay Area market in the future.
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Jan 15, 2007 --
Given the rising costs of housing in the Bay Area, more and more people are choosing to rent rather than buy. Unfortunately, this increased interest in renting properties as opposed to buying them may cause Bay Area rents to climb in 2007.
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Dec 28, 2006 --
Like most of the markets in the nation, the Bay Area housing market has continued to see declines in both prices and sales in the last few months. While most economists can't agree on when the market deflation will end, the prospect of a population expansion coupled with the announcement of generous bond packages has helped to inject a dose of optimism into the predictions related to the future of the Bay Area housing market.
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Nov 15, 2006 --
The median home price in the San Francisco Bay Area held steady, but home sales dropped by nearly 25 percent. Get more info on San Francisco home sales here.
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Sep 17, 2006 --
Even though the housing market is slowing down, California real estate is still having one of its best years ever. To keep buyers interested, many sellers, builders, and real estate agents are offering buyer incentives, such as vacations, cars, and huge mortgage discounts.
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Sep 13, 2006 --
Soaring California housing prices were soaring faster than should be allowed in recent years, and a housing market slump is now crashing over the state. Still, the Bay Area is expected to counteract the problem with a robust economy.
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Recently released housing data indicates housing inventories across the country are swelling out of control. The excess inventory is putting downward pressure on home prices in Los Angeles, Miami, Chicago and many other U.S. cities.
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As the housing slump deepens, more and more people are finding themselves out of work. Mortgage companies made the most job cuts in August and September, and more are expected in the coming months.
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In a panic-induced move, the Fed made the decision yesterday to cut the target for the fed funds rate by 50 basis points. The action was meant to forestall the adverse effects of the current credit crunch and housing downturn, but will in fact do very little to save housing.
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We continue our series of national housing expert interviews by chatting with John Rubino. John operates the finance site ''DollarCollapse.com'', and has published several books on real estate and investing. In this interview, he gives advice on surviving in today's housing market, offers a guess on when housing might hit bottom, and details the coming collapse of the U.S. Dollar.
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Next up in our series of interviews conducted with housing experts both regional and national, we have an interview with Paul Jackson. Paul, who works in the mortgage banking industry, also runs the popular Housing Wire Blog.
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There are many books and articles out there that tell you how you can profit from the real estate bubble. Some of them suggest you buy foreclosures in depressed areas; others say that commercial property is the way to go. But if you really want to make money during a housing slump, the easiest and most profitable thing to do is rent.
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Mortgage company Countrywide Financial is now under fire for the role that they played in the ongoing housing crisis. Critics accuse this mortgage provider of having engaged in questionable lending practices in order to extract maximum profits. Countrywide CEO Angelo Mozilo, who has dumped his own stock, responds to the charges.
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