Short Sales

Foreclosed homes on Lucas Street in Richmond (CBS)

Many Contra Costa Mortgages Still Underwater Despite Rising Home Prices

A large portion of property owners in Contra Costa County remain underwater, making payments on mortgages higher than the value of the home, even though overall home prices in the San Francisco Bay Area are climbing upward once again.


A home for sale in San Francisco

Low Prices Boost January Bay Area Home Sales To 5-Year High

Home sales in the San Francisco Bay area reached a five-year high for January last month as prices and mortgage rates plunged, but many of those were so-called distressed sales.


San Francisco Homes For Sale

Bay Area Home Prices Slipped 5 Percent In March

The San Francisco Bay Area’s median home price dipped more than 5 percent last month to $360,000 from $380,000 in March 2010, as low-priced foreclosures and other distressed properties continued to dominate the market.

CBS San Francisco–04/14/2011