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+5 ·
Foreclosures in state triple last years level
Filed Nov 17, 2006 at 11:59 AM ·
California reported 16,000 properties in some stage of foreclosure in October -- the highest of any state, according to a research firm.
The state's foreclosure activity in October was three times higher than it was a year ago, noted RealtyTrac, an online research firm that tracks foreclosure activity from notice of default to repossession.
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+13 ·
Fed says housing market sluggish
Filed Oct 17, 2006 at 2:58 PM ·
It could take years for the wobbly housing market in the Bay Area and the rest of the country to regain its footing, but full-scale declines in the price of homes seem less likely, a top Federal Reserve official said Monday.
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+19 ·
Foreclosure activity skyrockets in East Bay
Filed Oct 14, 2006 at 4:16 PM ·
Foreclosure activity in Solano County increased nearly fivefold, while in Contra Costa County they almost quadrupled, according to the RealtyTrac research firm. The two counties helped give California the No. 1 ranking among states with the most foreclosure filings in September.
"These are all the fast-growing regions in terms of home building, where a lot of first-time home buyers were getting into the market,'' said Christopher Thornberg, a principal at Beacon Economics, a consulting firm with offices in Los Angeles and San Rafael. "These are the people who are most susceptible to a slowdown in market and these are the people who are the most overexposed."
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+1 ·
30-Year Fixed-Rate Mortgages Fall to 6.3%
Filed Oct 06, 2006 at 2:10 PM ·
Average rates on 30-year fixed-rate mortgages fell to 6.3% this week, down slightly from 6.31% last week and the lowest level since the first week of March, when they were 6.24%, mortgage company Freddie Mac said.
Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 5.98% this week, unchanged from last week. Rates on one-year adjustable-rate mortgages fell to 5.46%, down from 5.47% last week. Rates on five-year adjustable-rate mortgages were unchanged at 6%.
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+6 ·
Foreclosures - One Man's Pain is Another Man's Gain
Filed Sep 24, 2006 at 2:23 PM ·
As many in the industry find beads of perspiration appearing spontaneously on their brows while they contemplate the end of boom-time bounty, people in some real estate sectors aren't sweating the small stuff like plummeting sales and inventory glut. For those in one area of the market, the worse things get, the more opportunities they find.
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+1 ·
AG calls California's cars a public nuisance in suit against ...
Filed Sep 21, 2006 at 6:45 AM ·
... With Silicon Valley's super-high housing prices, many borrowers take out interest-only and option adjustable-rate mortgages so they can qualify to buy even a ...
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