All Homes #Sold #Sold Pct. $Median Median Pct. 5/09 5/10 Chng May-09 May-10 Chng Alameda 1,477 1,596 8.1% $330,000 $390,000 18.2% Contra Costa 1,694 1,704 0.6% $234,500 $293,750 25.3% Marin 220 264 20.0% $620,000 $675,500 9.0% Napa 121 127 5.0% $370,000 $350,000 -5.4% Santa Clara 1,688 2,164 28.2% $445,000 $525,000 18.0% San [...]
Filed under: Price Check, The Market | Leave a Comment »
The National Association of Home Builders announced that houses are becoming smaller, a little less than 100 square feet from 2007. New houses are averaging about 2,438 square feet and probably will drop as builders compete with the cheap foreclosures already saturating the market. From the Wall Street Journal’s Developments blog: “We also saw a decline [...]
Filed under: The Market | Tagged: David c, David Crowe, foreclosures, McMansion, mortgages, NAHB, square feet | Leave a Comment »
What do you do when you’re in Las Vegas, the biggest real estate glut in the nation, and you need to drum up some kind of interest in thousands of homes? Use tween-dream Justin Bieber’s name. (That alone on Twitter will gain you 25 followers.) KB Homes is trying to cash in on ”Bieber Fever” by offering a chance [...]
Filed under: The Market | Tagged: foreclosures, justing bieber, kb, kb homes, Las Vegas, nevada, SNL, tina fey | Leave a Comment »
Beazer Homes to pay $53 million in mortgage fraud settlement — Beazer Homes USA agreed to pay $5 million to the federal government and $48 million in contingency payments to homeowners who used their mortgage company, Beazer Mortgage. Apparently allegations were that the mortgage company sold discounted points on mortgages but instead discounted nothing and kept the money. [...]
Filed under: The Market | Tagged: Beazer, Millennium, mortgage rates, Trulia | Leave a Comment »
My nemesis and Seattle carpetbagger fellow Bay Area freelance writer, Kristina Shevory, wrote an interesting article about buying into Diablo Grande Winery & Resort in Patterson, Calif. It turns out, like all grand developments opened in 2007, going belly-up and sold at auction. Although one family in the article, the Gardalis, bought a $500,000 home (I [...]
Filed under: Broken Dream Home, Price Check, The Market | Tagged: bankruptcy, Diablo Grande, golf, Patterson | 1 Comment »
How many stories do we need to say that, prices are down, 2009 is going to be AWFUL! and that if you can hold off buying for another six months, you are going to get a deal? OK, here goes, from the Wall Street Journal: In October, six metro areas showed annual price drops of [...]
Filed under: Foreclosure Fever, The Market | Tagged: Case-Shiller, prices, San Francisco | Leave a Comment »
