Bay Area REBlog

At its core, the Financial Bailout Plan is all about taking home loans off lenders’ and investors’ books that are currently illiquid — they can’t be sold, or are extremely difficult to sell — because no one is sure what they’re really worth.
Consider this hypothetical example: Say you own a mortgage-backed bond that has 100 [...]

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The median resale price of a single-family detached home in California for July was $350,760.  That’s a decrease of 40.3 percent from July 2007 and 4.5 percent from the previous month.  But unsold resale inventory represented a 6.7 month supply, compared to 10.7 months for the same period a year ago, and median number of [...]

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Can it be?  Are sales really up? It’s true.  Things may not be back to where they were at the turn of the century, but we have bounced back from the January slump and have pretty much returned to the numbers we saw last summer.  So, while prosperity may not be right around the corner [...]

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