Now that hurts...
- Cape Coral-Ft. Myers, Fla., down 50.8 percent, to $110,900
- Saginaw-Saginaw Township North, Mich., down 41.4 percent, to $43,900
- Riverside-San Bernardino-Ontario, Calif., down 40.8 percent, to $201,300
- San Jose-Sunnyvale-Santa Clara, Calif., down 37.7 percent, to $525,000
- San Francisco-Oakland-Fremont, Calif., down 37.4 percent, to $487,100
- Sacramento-Arden-Arcade-Roseville, Calif., down 36.9 percent, to $187,900
- San Diego-Carlsbad-San Marcos, Calif., down 36.4 percent, to $332,800
- Phoenix-Mesa-Scottsdale, Ariz., down 35.5 percent, to $155,900
- Grand Rapids, Mich., down 35.2 percent, to $80,500
- Sarasota, Bradenton-Venice, Fla., down 35 percent, to $178,100
Many of the sales that did occur involved distressed properties. Foreclosures and short sales accounted for 45 percent of all transactions nationwide during the fourth quarter, up from about 38 percent in the third quarter.
2 comments:
I don't own either my Santa Clara or my San Jose house anymore. Hee hee.
My in laws have the privilege of living in the #3 area - San Bernardino! They have a foreclosure rate that is out of sight in their area. They own their home outright but it is a big blow to retirement when you will get half as much for your house this year as you would have last year.
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