There’s good news and bad news in the Napa County real estate market.
The good news?
“First-time buyers can buy a home for significantly less than they could in 2005 or 2006,” said Realtor David Barker of Frank Howard Allen. “Some buyers priced out of the market can now buy.”
The bad news?
In the past 12 months, the [...]

A rescue plan for troubled homeowners and mortgage giants Fannie Mae and Freddie Mac that is on track to pass through the Senate on Saturday has marked a momentous move for the housing market.
A shift appears to be stirring in Ventura County as well, some real estate professionals say.
The market is turning, said Kay Wilson-Bolton, [...]

Matching a statewide trend, more Santa Clara County homeowners fell behind on their mortgage payments in the second quarter of this year than during any quarter on record, a real estate information company reported today.
Mortgage lenders sent 3,751 “notices of default” to homeowners in the county in the April-to-June period, according to DataQuick Information Systems. [...]

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 [...]

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 [...]

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, [...]