East Bay Area Real Estate

House Passes Homeowner Aid - Wall Street Journal
The House voted 266-154 in favor of the centerpiece of the legislation — $300 billion in federal loan guarantees — the heart of the legislation is a program to help struggling homeowners by providing them with new mortgages backed by the Federal Housing Administration. The guarantees would be provided if lenders agree to reduce the principal of a borrower’s existing mortgage.
Read the Full Article: House Passes Homeowner Aid

The Housing Crisis is Over Wall Street Journal
The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.

Will the Bay Area Market Bottom Out? ABC KGO News: According to recent prediction from UC Berkeley Center for Real Estate – California home foreclosure rates will continue to rise for the next 18 months