Bay Area Real Estate Trends

Housing Foreclosure Auction Buyers Are Breaking and Entering Into Homes – Patrick.net http://pastebin.com/KrnzPYjH -Before you go to auction you need to actually scout the houses. Its common for previous owners to gut the house or completely remove the kitchen. It was my job to drive to these houses and asses them, damage, repairs cost ect… [...]

Housing San Francisco Foreclosure Audit Elicits Predictable Responses from Securitization Mess Deniers - Yves Smith Shocking Economic Insight – Mass Foreclosures Will Drive Down Home Prices - Yves Smith BLAIR NICHE PROJECT – Dwell At just $167 per square foot, this high-design, low-cost barn in rural Wisconsin is an American idyll. Mortgage Delinquencies by Loan Type - CR Foreclosure [...]

I’m tired of NAR and the rest complaining that lending standards are tight. And that a housing recovery is being held back by unnecessarily-tight lending standards. Phooey. Thanks to the FHA, people with mediocre credit and hardly an cash can still borrow obscene amounts of money. In the Bay Area for example, to purchase a [...]

Housing Audit Uncovers Extensive Flaws in Foreclosures – NY Times In a significant number of cases — 85 percent — documents recording the transfer of a defaulted property to a new trustee were not filed properly or on time, the report found. And in 45 percent of the foreclosures, properties were sold at auction to [...]

Housing NAHB Builder Confidence index increases in February; Highest in over four years - CR These Are The 10 NEW Most Expensive Cities In The World – Business Insider FHA defaults up for ninth straight month – HousingWire Bay Area’s hefty share of mortgage settlement – SF Chronicle According to estimates from the California attorney general’s [...]

Courtesy of Trulia:   50% Singles VS 50% Couples Where are the singles? In the San Francisco metro area specifically (which just includes the city and the peninsula aka San Francisco-San Mateo-Redwood City), we found the biggest concentration on non-couples in the Tenderloin (94102). But when we looked across the Bay Bridge, we saw an even bigger [...]