Are Banks Talking Out of Both Sides of their Mouths? California Foreclosures Continue to Increase Sales & Hassles Foreclosures in the housing market continued to grow – 54 percent of the Bay Area homes that sold In January. Foreclosures have helped drive the surge in inland housing sales. New home builders are finding it very [...]
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Housing Affordability Index Continues to Rise
Bay Area Homes More Affordable Home prices are back to 2002/2003 levels. C.A.R. First-time Buyer Housing Affordability Index stood at 69 percent in the first quarter of 2009 compared with 46 percent (revised) in the first quarter of 2008 The median price of an entry-level home in California was $213,040 in the first quarter of [...]