Foreclosures Account for More than Half of Bay Area Resales
Foreclosed properties accounted for more than half of all Bay Area resales during December, a first, according to real estate information provider DataQuick.
That’s up from 46.8 percent in November and 14 percent a year ago. As a result, home sales increased 19.7 percent from November and 36 percent from December 2007.
A total of 6,889 new and resale homes and condos sold in nine counties last month, Read more