State Foreclosures Hit 6-Year Low
DataQuick said Wednesday that default notices totaled a little over 38,000 during the fourth quarter, down 38 percent from the same period of 2011.
Watch CBS News
DataQuick said Wednesday that default notices totaled a little over 38,000 during the fourth quarter, down 38 percent from the same period of 2011.
Home prices in Sacramento have reached the highest levels in 11 years and are expected to grow faster than nearly every other place in America this year.
It is a positive sign of the times. New home sales in November were the best they've been in four years in the Sacramento area, and buying any kind of home is proving to be a challenge.
For people who qualify it's a great deal, receiving $15,000 to buy a home. But how does it work, and who pays?
A former San Francisco 49ers player has a bold real estate plan, but will it bring down rents for families in the area?
A Sacramento real estate broker is in jail for an alleged home buying hoax.
It looks like home buying is picking up again in Placer County, but it's not just your average single family home.
More U.S. homes started on the foreclosure path in July, as lenders tackled a backlog of mortgages gone unpaid even as they pulled back on home repossessions.
In this economy you'd think most people are still looking to buy short sales or foreclosures, but it turns out there's more demand than supply.
A new report out today says housing prices will not make a comeback this year. The report suggests it's going to take at least two years before median home prices return to levels from the first quarter of this year.
Former real estate executive Michael Lyon has been released to home detention, according to Sacramento Sheriff's Dept.
Home prices and sales dipped in California from year-ago levels as "short sales" and sales of foreclosed homes accounted for more than half of home resales in the state.
The California Association of Realtors has taken out full page ads in seven of the state's largest newspapers to urge banks, government officials and others with a stake in the housing market to make so-called short sales easier, faster and more efficient.
Home construction rose at the fastest rate in 20 months, pushed up by a spike in apartment building. But construction of single-family homes declined, a sign that demand for housing remains weak.
The pilot acclaimed for safely landing a plane in New York's Hudson River has filed a lawsuit over a real estate deal in Northern California.
Mortgage default notices in California dropped in the fourth quarter of 2010 to their lowest level in more than three years.
California Attorney General Jerry Brown says Wells Fargo Bank N.A. has agreed to modify adjustable-rate loans made to nearly 15,000 Californians by lenders that it acquired.
California's median home price dipped more than 2 percent last month to $255,000 from $261,000 in November 2009, as slow sales in the state's higher-priced markets tipped the balance toward cheaper homes.
Home prices are falling faster in the nation's largest cities, and a record number of foreclosures are expected to push prices down further through next year.
As Americans downsize in the aftermath of a colossal real estate bust, at least one tiny corner of the housing market appears to be thriving.
California home sales in October were down nearly 21 percent from a year earlier and the median price also dipped.
