I’m not going to pick the bottom of the housing market just yet, but I am willing to concede that, for many people, it just doesn’t matter anymore. In some neighborhoods across the Bay Area, home prices may drift 10-20 percent lower over the next few years. In others, they could stay roughly flat or [...]

Foreclosure activity and inventory continued to decline in the Bay Area in February, according to data from ForeclosureRadar. It’s already March… anyone expecting a surge in foreclosures for sale in 2012 is going to be disappointed. It’s not going to happen. Alameda County Foreclosure Activity Alameda County Bank-Owned Inventory Contra Costa County Foreclosure Activity Contra Costa County [...]

Nationally, 22.8% of all homes with mortgages owe more than their homes are worth. Another 5% are right on the edge. In California, the statistics are worse. CoreLogic reports: SANTA ANA, Calif., March 1, 2012––CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released negative equity data showing that 11.1 million, [...]

This information updates from time to time. The latest info comes from a lender friend of mine. If you’ve gone through a short sale, foreclosure, bankruptcy, or deed-in-lieu of foreclosure, here is how long you’ll have to wait before you can buy a home again. I bet not too many folks out there are aware [...]

In the car this morning I heard Kamala Harris being interviewed on one of the news stations. My first reaction was that I like her a lot. She’s a tough cookie and definitely intends to continue going after the banks. And, she really doesn’t like Edward DeMarco. Then she invited homeowners to go to the [...]