East Bay Area Real Estate

Bay Area Foreclosure Shoppers Facing Bidding WarsThe number of homeowners caught in the avalanche of foreclosure rose sharply this summer compared to last. As the properties pile up, so are the number priced below $200,000.

Bargains push bay home sales, but prices plunge Bay Area home sales marked their biggest gain in at least two decades last month, but the price plunge set a record, too, as buyers snatched up bargains in the communities hardest hit by foreclosures.

Contra Costa Times reports - Foreclosure sales needed for housing market The high level of foreclosure sales in California has to continue before the state’s housinge market can make a strong recovery,