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About Solano County, CA

FEB 9TH Mortgage Market Update

02-09-10
Paul Walton
Paul Walton: Loan Officer in Benicia, CA

Terrific Tuesday Morning to all,

Bonds opened lower than yesterday's close. Yesterday's opening and closing at 101.34 FNMA Doji warning sign(possible trend reversal).

Wholesale inventories under expectations -.08 vs .05 expected this should help bonds. W-ST is up 147pts fears of Greece have been muted( actually more time was granted).

Today's snapshot

Have a great day!

FEB 8th Mortgage Market Update

02-08-10
Paul Walton
Paul Walton: Loan Officer in Benicia, CA

Fantastic Monday Morning to all,

Market concerns with Greece should help bonds today. Be careful as we are at the top of our current trading range.

Later this week we have the Trade Balance, Retail sales, and Weekly jobless claims.

Today's market snapshot.

Have a great day!

FAIRFIELD CA REAL ESTATE HOME SALES JANUARY 2010

Nicole Monary, Realtor,Pre-Foreclosure  Expert  707-337-2249 Here to Help: Real Estate Agent in Pinole, CA

FAIRFIELD CA REAL ESTATE HOME SALES JANUARY 2010

Fairfield Real Estate Sales are looking great for the month of January 2010. There were a total of 94 homes sold in Fairfield this month. The average list price was $208,958 and the average sales price was $209,588. Meaning that property values are on the rise again.

Below is a list of all real estate that sold in Fairfield this January. Please feel free to contact me to discuss your Fairfield real estate needs.

www.soldbynicole.com

www.homesincontracosta.com

www.stopmyforeclosurebayarea.com

Street Full Address Selling Price
601 Oakbrook Dr Fairfield, CA 94534 200,000
2084 Thrush Way Fairfield, CA 94533 120,000
1847 Atwoodville Ct Fairfield, CA 94533 480,000
4361 Pine Creek Cir Fairfield, CA 94534 265,000
4894 Springwood Cir Fairfield, CA 94534 235,000
1634 Glenmore Dr Fairfield, CA 94533 130,000
861 Bransford Ct Fairfield, CA 94533 248,000
2549 Boxwood Ln Fairfield, CA 94533 210,000
1757 Fawn Glen Cir Fairfield, CA 94534 235,000
1949 Hiddenwood Ct Fairfield, CA 94534 335,000
517 Starwood Ct Fairfield, CA 94534 315,000
1641 Glenmore Dr Fairfield, CA 94533 190,000
2060 Bristol Ln Fairfield, CA 94533 92,000
2285 Santa Rosa Dr Fairfield, CA 94533 85,000
725 Del Mar St Fairfield, CA 94533 162,000
1307 Mckinley St Fairfield, CA 94533 80,000
4777 HEATHERFIELD Ct Fairfield, CA 94534 270,000
3217 CORTE GRANADA Fairfield, CA 94534 315,000
451 Mountain Meadows Dr Fairfield, CA 94534 322,000
3297 Inwood Pl Fairfield, CA 94534 255,000
1214 Shoreline Cir Fairfield, CA 94533 253,000
360 San Andreas St Fairfield, CA 94533 85,000
1806 Indiana St Fairfield, CA 94533 84,150
1675 Vicksburg Dr Fairfield, CA 94533 170,000
2091 Bristol Ln Fairfield, CA 94533 145,000
1625 Park Ln #9 Fairfield, CA 94533 38,800
3238 Mustang Cir Fairfield, CA 94533 298,100
2399 Oceanic Ct Fairfield, CA 94533 195,000
2423 Shawnee Ct Fairfield, CA 94534 345,000
2988 Candleberry Way Fairfield, CA 94533 260,000
2048 Oriole Way Fairfield, CA 94533 173,000
513 Montana St Fairfield, CA 94533 135,000
654 Verona Ct Fairfield, CA 94534 335,000
520 Pear Tree Ln Fairfield, CA 94533 120,000
2313 Campbell Cir Fairfield, CA 94533 316,400
2377 White Dr Fairfield, CA 94533 264,000
2380 Woolner Ave Fairfield, CA 94533 123,000
2632 Shasta Ct Fairfield, CA 94533 225,000
729 Maryland St Fairfield, CA 94533 100,000
2685 Elmhurst Cir Fairfield, CA 94533 170,000
4006 The Masters Dr Fairfield, CA 94533 350,000
4792 Summerset Dr Fairfield, CA 94534 300,000
2821 Shelter Hill Dr Fairfield, CA 94534 330,000
3251 Congressional Cir Fairfield, CA 94534 515,000
5089 Falls Ct Fairfield, CA 94534 311,000
1401 Eisenhower St Fairfield, CA 94533 150,000
1669 Highland Cir Fairfield, CA 94534 235,000
2997 Saint Andrews Rd Fairfield, CA 94534 410,000
1550 Quail Dr Fairfield, CA 94533 170,000
2860 Montclair Way Fairfield, CA 94534 150,000
2434 Beaufort Dr Fairfield, CA 94533 110,000
1419 Meadowlark Dr Fairfield, CA 94533 173,000
4133 Camelback Dr Fairfield, CA 94533 319,500
2760 Orchid St Fairfield, CA 94533 192,000
3401 Angler Ct Fairfield, CA 94533 255,000
476 Manzanita Ave Fairfield, CA 94533 185,000
266 Santa Cruz Dr Fairfield, CA 94533 178,000
1161 Cormorant Ct Fairfield, CA 94533 127,000
773 Normandy Ct Fairfield, CA 94533 145,000
1929 Blossom Ct Fairfield, CA 94533 172,000
4011 Spanish Bay Dr Fairfield, CA 94533 315,000
2101 Fairfield Ave Fairfield, CA 94533 95,000
1019 Shire Ct Fairfield, CA 94533 275,000
705 Capricorn Cir Fairfield, CA 94533 100,000
2035 Robin Dr Fairfield, CA 94533 125,000
1935 Leaning Oak Ct Fairfield, CA 94534 365,000
1619 San Bruno St Fairfield, CA 94533 110,900
4694 Wildwood Ct Fairfield, CA 94534 267,000
3454 Glen Ellen Dr Fairfield, CA 94534 350,000
4951 Orinda Way Fairfield, CA 94534 191,000
5125 Rowe Dr Fairfield, CA 94533 255,000
2391 Digerud Dr Fairfield, CA 94533 268,000
1229 Lincoln St Fairfield, CA 94533 155,000
1235 Willet Ct Fairfield, CA 94533 128,000
2799 Woodmont Dr Fairfield, CA 94533 274,000
948 Daniel St Fairfield, CA 94533 139,000
2413 Oceanic Dr Fairfield, CA 94533 165,000
1611 Copley Ct Fairfield, CA 94533 270,000
2409 Flatley Cir Fairfield, CA 94533 305,000
2306 Ten Gate Rd Fairfield, CA 94534 245,000
2598 Vista Grande Fairfield, CA 94534 255,000
1509 Empire St Fairfield, CA 94533 95,000
702 Broadway St Fairfield, CA 94533 55,000
1325 Avon Way Fairfield, CA 94533 208,500
3965 Kiara Cir Fairfield, CA 94533 455,000
4920 Summer Grove Cir Fairfield, CA 94534 257,000
1242 Tyler St Fairfield, CA 94533 81,000
191 Del Sur Ct Fairfield, CA 94533 57,000
2215 Cunningham Dr Fairfield, CA 94533 120,000
32 Villa Ct Fairfield, CA 94533 36,000
1970 Grande Cir #24 Fairfield, CA 94533 48,000
4385 Tolenas Rd Fairfield, CA 94533 173,900
1034 Hickory Ave Fairfield, CA 94533 220,000
1643 Dover Ave Fairfield, CA 94533 85,000

BENICIA CA CALIFORNIA HOMES SALES FOR JANUARY 2010

Nicole Monary, Realtor,Pre-Foreclosure  Expert  707-337-2249 Here to Help: Real Estate Agent in Pinole, CA

BENICIA CA CALIFORNIA HOMES SALES FOR JANUARY 2010

BENICIA Real Estate Sales are looking great for the month of January 2010. There were a total of 23 homes sold in BENICIA this month. The average list price was $406,191 and the average sales price was $399,383. Meaning that property values are STABILIZING.

Below is a list of all real estate that sold in BENICIA this January. Please feel free to contact me to discuss your BENICIA real estate needs.

www.soldbynicole.com

www.homesincontracosta.com

www.stopmyforeclosurebayarea.com

Street Full Address Selling Price
735 W K St Benicia, CA 94510 530,000
264 E 2nd St Benicia, CA 94510 230,000
525 Townsend Dr Benicia, CA 94510 550,000
430 W K St Benicia, CA 94510 335,000
395 W J St Benicia, CA 94510 580,000
430 Panorama Dr Benicia, CA 94510 495,000
1799 Francisca Ct Benicia, CA 94510 348,000
432 Lansing Cir Benicia, CA 94510 550,000
900 Cambridge Dr #159 Benicia, CA 94510 142,900
900 Southampton Rd #31 Benicia, CA 94510 104,800
760 W J St Benicia, CA 94510 370,000
334 Steven Cir Benicia, CA 94510 476,200
900 Southampton Rd #24 Benicia, CA 94510 120,000
1751 Lindo St Benicia, CA 94510 219,900
490 Arguello Dr Benicia, CA 94510 550,000
530 Solano Dr Benicia, CA 94510 410,000
308 PANORAMA Ct Benicia, CA 94510 530,000
473 Lansing Cir Benicia, CA 94510 595,000
1320 Drolette Way Benicia, CA 94510 430,000
900 Southampton Rd #121 Benicia, CA 94510 115,000
6 Vista Grande Ave Benicia, CA 94510 235,000
213 1st St Benicia, CA 94510 525,000
130 West C St Benicia, CA 94510 744,000

Solano County Home Owners are Underwater

Kevin Simpson: Real Estate - Other in New York, NY

Solano county is suffering a lot with foreclosures

The real estate industry in the US is going through turbulent times. Foreclosures are commonplace and the value of homes has plunged across segments and regions. Take for instance, Solano County, where 60 per cent of homeowners are paying mortgages on homes whose values are much less now than what they bought them for.

Yet there is a group of people in every county who are interested in buying homes. These people are usually first-time buyers. In fact, the number of these people is increasing by the day.

According to a study, 57,719 people in Vallejo-Fairfield or 61.15 percent of homeowners are under water. They are in a negative equity meaning their home values are less than what they owe to the bank. Those near negative equity is much more – at least 64.4 per cent of the population. When a mortgage is within 5 per cent of being upside down, it is known as near negative equity.

In Solano, $15.2 billion property stood the risk of non-payment in June. When compared to Los Angeles, it was much less where $310 billion worth of property was underwater. New York came close on the heels with $183 billion property in negative equity. This was followed by Miami where $152 billion property is upside down.

It may be noted here that homeowners can run up a negative equity because of plunging home values or a hike in mortgage rate. According to the study it could be a mix of both the factors.

In Nevada, the situation is the worst where a greater percentage of homeowners have a negative equity (66 percent). This is higher than Arizona where 51 per cent of people are upside down. Florida, California and Michigan followed close on the heels.

Housing experts say that negative equity has a spiraling effect. When a home in a locality is foreclosed upon, the value of the homes near it plunges. However, there’s a brighter side of the picture as well. The plummeting of values has brought homes within the reach of the first-time buyers. In fact, the affordability index of homes in Solano is 67 per cent now when compared to 49 per cent a year earlier. This was revealed by the California Association of Realtors.

It may also be noted that the minimum income of a household had to be $39,000 per annum to buy an entry-level home at the price of $224,000.

Source: http://jamescarter55.livejournal.com/1093.html