California Real Estate Follies, Part XXXIV

New data shows that notices of default in California real estate markets are up as much as 45% year-over-year in some areas.

Comments

  1. what gets me with respect to the the bay area, is the price of the average, so-what, 2300 sq ft home almost anywhere in the bay, even in the so-called ghetto zipcodes. i understand castles will always be expensive, but the prices i see on cookie cutter burb homes amazes me. i know there are a lot of rich people here, but there aren’t this many. i wonder how many are sitting pretty, and how many chew their fingernails bloody every night?

  2. Oh, c’mon Paul, if you’re gonna cherry pick random data points, do it correctly and dramatically:
    Napa 12 33 175.0%
    “New data shows that notices of default in California real estate markets are up as much as 175% year-over-year in some areas.”

  3. Tried to limit myself to major urban areas, but had I thrown the gate wide open you’re right … Napa would have won in a walk!