Bay Area Real Estate Trends

From the San Francisco Fed: To assist local efforts to prevent foreclosures and mitigate the impact of foreclosures on neighborhoods, the Community Development Department has prepared a series of presentations and maps detailing local data on delinquency and foreclosure trends in the subprime market. They offer several slides with captions that California home prices are [...]

An associate of mine directed my attention to Bella Homes LLC, which markets itself as a way to save homeowners from foreclosure. I took a look at their proposal and did some research. Here is what I have learned so far… About Bella Homes Bella Homes, LLC is a Multi-Level-Marketing (MLM) company that makes money [...]

Below is the full fact sheet of the Obama housing plan from whitehouse.gov. In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing market recovery. While the government cannot fix the housing market on its own, [...]

California foreclosure activity fell in 2011, largely due to loan modifications and procedural delays. DataQuick reports: La Jolla, CA.–The number of California homes going into foreclosure dropped in the fourth quarter of 2011 to the second-lowest level in more than four years, the result of evolving lender and mortgage servicer policies as well as shifting [...]

Dear Edward DeMarco, Your position regarding principal reduction for underwater mortgages illustrates just how unfit you are to be running the FHFA. You argue against principal reductions, because it might cost “marginally” more than principal forbearance, yet you completely ignore all of the data suggesting that negative equity leads to strategic defaults and a potential [...]

A lot of people are asking what I think will happen in the housing market in 2012. But rather than just give a laundry-list of predictions, I’d like to share my thoughts within the context of steps that different type of readers and clients may be considering. First, a general note on the housing market… [...]