Alameda and Contra Costa no longer in the Bay Area
Brokers plea: Raise limit on home loans
In Alameda County, 21.4 percent of the 4,864 properties on the multiple-listing service as of Sept. 3 were in foreclosure, owned by a bank or in negotiations between the buyer and the seller to accept an amount less than face value as payoff of their mortgage, known as a “short sale,” according to Movoto, a real estate research firm and brokerage based in Redwood City.In Contra Costa County, 29.6 percent of the 6,365 properties listed were distressed, and 29 percent of 2,403 Solano County properties were posted because sellers are in distress, Movoto found.
Dear Alameda and Contra Costa County:
Due to your recent performance, your membership in the Bay Area has been terminated. Please contact us in the future when you reestablish a more acceptable 6%+ annual appreciation rate.
-Sincerely, The Real Bay Area (Palo Alto, Mountain View, Cupertino, Los Altos, Los Gatos, Marina)
September 11th, 2007 at 7:57 pm
they should feel ashamed.
September 11th, 2007 at 8:29 pm
How can you guys let us down like that? I grew up in the East Bay. Now I feel ashamed. Good thing I moved to the South Bay where this type of behavior is not tolerated…yet!
September 11th, 2007 at 9:37 pm
When did Sunnyvale lose its license?
September 12th, 2007 at 6:52 am
Maybe it’s due to all the gunfire:
http://www.ktvu.com/news/14095215/detail.html