West Region

Despite turmoil of IndyMac’s collapse, housing crisis starting to ease in Watsonville CA

Jul 18th, 2008 | By RT Staff | Category: West Region

IndyMac, the Southern California bank that ran out of money and became one of the biggest banks to collapse in U.S. history, has foreclosed on several homes in Watsonville.
Out of 22 homes that were forced into foreclosure in Watsonville in June, three were handled by IndyMac, according to foreclosure listings by home sales recording agency [...]



Seattle Foreclosures Up 23 Percent in the Second Quarter Of 2008

Jul 18th, 2008 | By RT Staff | Category: Housing News, West Region

Default Research, the premier provider of Seattle foreclosure data, is reporting that King, Pierce and Snohomish counties saw Notice of Trustee Sales increase to 3,379 in the second quarter of 2008, up from 2,743 in the first quarter. The three hardest hit cities in the region were Tacoma (464), Seattle (412), and Puyallap (191).
“There are [...]



Celebrity Foreclosures Show Extent of Housing Woes

Jul 18th, 2008 | By RT Staff | Category: Housing News, West Region

Tabloid magazines like to reassure us that celebrities are just like us — they go grocery shopping, take their dogs for a stroll around the neighborhood, even pump their own gas.
These days, that can also hold true when it comes to the plummeting real estate market. Several celebrities have dealt with foreclosure issues on their [...]



Apartment Rents in West Increase Slightly

Jul 17th, 2008 | By RT Staff | Category: Housing News, West Region

Apartment rents in the western United States are barely climbing – good news for renters but actually a sign of a weakening economy, according to a new report released Thursday.
The good news for renters is that while homeowners have watched the value of their houses drop, and subprime loan holders have seen their mortgages double, [...]



San Joaquin County Home Sales Continue Rising

Jul 17th, 2008 | By RT Staff | Category: West Region

A total of 921 single-family homes were sold last month in San Joaquin,CA, up from 859 in May, according to figures from the latest Coldwell Banker Grupe-TrendGraphix monthly sales report, based on Multiple Listing Service data.
That is the highest monthly tally of closed escrow sales in the county back through January 2002, the oldest data [...]



Montana housing market fares better than most

Jul 10th, 2008 | By RT Staff | Category: Housing News, West Region

The director of the Montana Department of Revenue said wise mortgage decisions and a relatively strong economy have largely kept the state’s housing market above national turmoil.
Dan Bucks said the agency is intensely focused on the issue as it prepares for a statewide reappraisal of property taxes.
Lawmakers are worried that the agency will not adequately [...]



Las Vegas property market hits a losing streak

Jul 7th, 2008 | By RT Staff | Category: Housing News, West Region

As Las Vegas sees its hotel and casino businesses sputter and office, apartment and retail real estate markets flag, the rest of the country is hoping what happens in Vegas stays in Vegas.
Despite its crushing housing market, one of the worst in the nation, Las Vegas’ economy has been held up on the shoulders of [...]



Housing market crisis? Not in St. Helena, CA

Jul 3rd, 2008 | By RT Staff | Category: Housing News, West Region

Foreclosures? Defaults? Falling home prices? Fire sales?
These are like foreign words to St. Helena homeowners, who have remained relatively unscathed by the badly troubled housing market going on all around them. While housing values have nose-dived to their lowest levels in more than two decades in the rest of Napa County and elsewhere in California, [...]



Phoenix Real Estate – Housing Market Largely Steady

Jul 2nd, 2008 | By RT Staff | Category: Housing News, West Region

The Phoenix housing market showed modest changes across all measures for the start of the summer season, consistent with prior years. Inventory is down slightly at 1.8% from the previous month. Month-to-month sales did show a noticeable decline though June data revisions may close that gap somewhat. The median home price continued to drop, posting [...]