Many Contra Costa Mortgages Still Underwater Despite Rising Home PricesA 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.
Low Prices Boost January Bay Area Home Sales To 5-Year HighHome 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.
Bay Area Home Prices Slipped 5 Percent In MarchThe 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.

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