CalSTRS is investing $820 million in the apartment business by purchasing a collection of East Coast assets from defunct investment bank Lehman Brothers Holdings Inc.

Homeowners in the Sacramento metropolitan area are underwater by $20.7 billion, according to a national study being released today by Seattle-based data company Zillow.
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At the height of the housing bubble, Plumas Lake seemed like a good deal to buyers willing to trade a long commute for a big house.
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The median sales price for single-family resale homes in Sacramento County ticked upward in April for the fourth straight month, according to DataQuick.
Foreclosure activity fell by double-digit percentages across the Sacramento region and the state in April, compared with the same month a year before, ac- cording to data released today by RealtyTrac.

Efforts to ease California's foreclosure woes, among the worst in the nation, are running into roadblocks at the state Capitol.

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