San Jose CA Homes For Sale | Buying a House in San Jose CA | Foreclosures in San Jose CA | Short Sales in San Jose CA
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Direct: 408-472-8754
Office: 408-445-5163
Coldwell Banker
1096 Blossom Hill Rd. Unit 200
San Jose, CA
408-445-5163
The $26 billion foreclosure settlement has finally been given the green light, making it possible for roughly two million of the nation’s hardest hit borrowers to see a significant reduction in their mortgage payments.
http://money.cnn.com//2012/04/09/real_estate/mortgage-settlement-faq/index.htm
In a report recently released, the Special Inspector General for the Troubled Asset Relief Program (TARP) said that just 3% of $7.6 billion available in the Hardest Hit Housing Markets program had been tapped as of Dec. 31.
http://money.cnn.com//2012/04/12/news/economy/tarp_housing_program/index.htm
Foreclosure filings and repossessions fell to their lowest level since 2007 last year. Total filings were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties.
http://money.cnn.com/2012/01/12/real_estate/foreclosures/index.htm
According to a recent Wall Street Journal article, good school scores may offer additional benefits besides providing a great education. Take a look at this article for details from a study provided by Location, Inc. Do you see similar trends in your area?
http://blogs.wsj.com/developments/2011/11/16/one-antidote-to-foreclosures-good-schools/
I want to make sure my clients are aware of this article in the San Jose Mercury News that says that homes taken over by banks “dropped almost 25 percent from May in Santa Clara County and 19 percent in San Mateo County”.
Buyers thinking about picking up foreclosures should think about their strategy while sellers worried about a new wave of foreclosures can breathe a little easier. What happens in Silicon Valley also affects surrounding areas throughout the Bay Area, as money naturally flows from one area to the next.
Avg. Sales Price: 379,000
Avg. Days on Market: 69
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