In a battered housing market, flooded with inventory and foreclosures, homebuyers can rope in great deals on bank-owned homes. California posted 69,548 foreclosure filings during September, earning it the third highest foreclosure rate in the nation among states, according to Realtytrac(R). Buyers will have the
chance to purchase a variety of foreclosed homes at great values [...]

Foreclosures in the San Fernando Valley ballooned to a record level in the third quarter, pounding down prices but driving a huge jump in September sales, according to a report released today.
Foreclosures soared 203 percent from July through September compared to a year earlier, as 2,589 local families lost their homes in the market collapse, [...]

An unusual September jump in home sales, together with the biggest monthly drop yet in prices, could be early signs that San Diego County housing is approaching the bottom of a three-year-old downturn, industry experts and observers said yesterday.
MDA DataQuick reported that the median price for all homes dropped $22,000 from August to stand at [...]

While home prices continue to fall, the cost of renting an apartment remains stable in San Diego County, according to a new survey by the research firm RealFacts Inc.
The average monthly cost of renting within complexes of 100 or more units increased less than 1 percent in the third quarter to $1,405, according to a [...]

Home prices across the state will continue to drop next year, even as sales, spurred by the low prices on foreclosed properties, will keep rising in 2009, according to a California Assn. of Realtors forecast slated to be released today.
Doubts about the stability of the nation’s financial markets are likely to linger through the middle [...]

More than 120,000 struggling California homeowners could see their monthly mortgage payments lowered after Bank of America Corp. agreed to provide $3.5 billion in loan and foreclosure relief to settle lawsuits it inherited with its takeover of Countrywide Financial Corp.
The pact stems from cases filed earlier this year by California and other states, alleging Countrywide, [...]

The real estate auction of three home sites in the Tucker Acres subdivision of Napa Valley has been rescheduled for 6 p.m. Tuesday, Oct. 21, to give prospective bidders more time to prepare for the sale.
“Given the extraordinary factors affecting the equity and credit markets, prospective buyers have told us that they would welcome a [...]

How much would you pay for a luxury home whose amenities include stainless steel gourmet kitchens and master suites with walk-in closets?
Buyers on Oct. 19 will get to have a say on the market prices of 25 houses on about 3.5 acres at Studebaker Road and Del Amo Boulevard in the city’s last “new construction [...]

Foreclosure auctions nationwide are attracting throngs of bargain hungry buyers with great deals. From investor property to move in ready homes, there are a wide variety of foreclosures available in today’s slumped housing market. Nearly 400 bank-owned foreclosures will be auctioned by Hudson & Marshall throughout cities in Southern California on October 7th-12th. Buyers will [...]

Nearly half of the 19,366 homes sold in the six-county region in August were foreclosures. Sales rose 9.1% from the previous August, but the median price dropped 34%, MDA DataQuick reports.