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Showing posts from September, 2007

Foreclosure top 500 list

this caught my eye. Foreclosures are up 107%, this year alone 32 California cities made the top 100 list of the most active foreclosure markets in the US. Of the top 500 most active zip codes in the US, 138 were California communities. The top 10 most active California foreclosure markets are: Sacramento Fontana Murrieta Elk Grove Oceanside Pittsburg Hesperia Antioch Stockton Lancaster Click below to see the top 500 US foreclosure markets by rank. Top 500 foreclosure markets in the US

how low could the correction be

got this from Manhattan Beach Confidential Housing prices could drop by half. This is part of a paper prepared by Robert Shiller (Yale economist who is credited with calling the dot-com bust) for the Kansas City Fed for this weekend's Jackson Hole conference. Click here to go to the conference website; the Shiller paper is the second on the list of downloads. Money quote: [T]he examples we have of past cycles indicate that major declines in real home prices – even 50% declines in some places – are entirely possible going forward from today or from the not too distant future. Such price declines have happened before. In the last cycle in the United States... real home prices fell only 15% from the peak in the third quarter of 1989 to the fourth quarter of 1996, but some cities' real prices fell much more. Los Angeles real home prices fell 42% from the peak in December 1989 to the trough in March 1997.

Best new This restaurant Discovery

Osha Thai Restaurant. 149 second st. San Francisco, CA beats Chaam in Berkeley, and anything I like in Fremont & Newark (My Thai, Sala Thai, Simply Thai).

Best Buy in Pleasanton

After looking at the specs and comps, I think 3869 Mammoth Cave Ct., Pleasanton, CA looks like a great property. 4 BR, 3 BA 2442 SQFT Living 9657 sqft Lot If you're looking for pleasanton, this is offered at $825,000.