Wednesday, July 9, 2008

Northern California June Housing

Silver lining in foreclosure cloud
[SFGate: Top News Stories]
People who thought they could never afford a home here are buying foreclosed houses at huge discounts, sometimes more than half off the stratospheric heights they reached just a couple of years ago.

SF Bay area median home price, sales tumbled in May
[SFGate: Top News Stories]

The median price of a home in California plunged 30 percent to $339,000 in May, opening doors for some first-time buyers to afford homes in the state's most depressed areas, a real estate research firm said Wednesday.