East Bay Area Real Estate

Home prices likely to drop until 2009
San Jose Mercury News - CA, USA
By Barbara E. Hernandez Many Bay Area home prices will likely be lower in two years, the country’s second-largest mortgage insurance company reported. …

Revisited: Five Reasons Houses Beat Stocks
By burbed
[snip]. 160 comments resulted. Given how things have gone lately with the stock market… would you change your mind? Is now the time to dive into stocks? or is it still the time to dive to Real Estate in The Real Bay Area? …

Bay Area Tax Assessors Busy
KCBS.com
The drop in real estate values across the Bay Area is keeping one group of individuals especially busy. County tax assessors are reporting that they’re being flooded with requests for property tax reductions.

Fannie Mae warns Homeowners who Walkaway
San Francisco Chronicle
The country’s two largest sources of mortgage money have a blunt warning for anyone thinking about joining the growing “walkaway” trend, where homeowners stop making payments and months later send the house keys back to their lender: You will feel the pain…