Sonoma County shows drop in foreclosure activity
Foreclosure activity dropped significantly in Sonoma County at the end of last year, but analysts weren’t sure whether it was due to some improvement in the housing market.
Foreclosure activity dropped significantly in Sonoma County at the end of last year, but analysts weren’t sure whether it was due to some improvement in the housing market.
Matthew Tarr, a broker associate for RE/MAX Pros, reports that home sales rose in November in Rohnert Park and Cotati, but the median price dipped for single-family houses.
Sonoma County had 29,000 homeowners who owed more than their homes were worth in the third quarter, CoreLogic reported Tuesday.
Prospective home buyers can prepare to search for residential properties at a free Dec. 6 workshop in Santa Rosa presented by the non-profit group Northbay Family Homes and by Wells Fargo Home Mortgage.
The Bay Area’s median home price slid 4 percent in October amid what analysts described as lackluster sales activity. The median price for all houses and condos dropped to $350,000 from $365,000 in September, according to real estate information service DataQuick of San Diego. The price was the lowest in eight months and down nearly 9 percent from a year ago.