Monday, September 22nd, 2008 at 9:43 am in Real Estate.
With the federal government in the midst of hashing out the details of a massive rescue of country’s largest financial institutions, the news on the local front, in terms of falling home values and foreclosures, is bleak, too. In her September 11 blog post, real estate agent Pacita Dimacali, calculated that 14 percent of the 166 homes on the market in Alameda are either short sales (when they’re selling for less than is owed) or ‘bank owned.” Scary. And for always-edgy take on the local housing market, check out Knife Catchers, a blog dedicated to Alameda real estate. Anyone willing to talk about their home ownership problems with me, please send me an email, I’d like to hear your story. Anonymous is fine.