Home Front

A blog about the economy and the Sacramento-area real estate market.

May 29, 2008
Riskier and riskier in California
For those who really get into the details here is the new 2nd Quarter look at mortgage risk in California from First American CoreLogic. This takes some studying, but you'll be well rewarded. A couple of bottom lines:

  • California's level of risk rose twice as fast as the national risk.
  • California alone accounts for eight of the top 10 markets, including the top four - Los Angeles, Sacramento, Riverside and Stockton.
  •   As of Q1 2008, California home prices had declined by 18% from the previous year and all 28 California markets had price declines.
Finally, guess who has the state's least risky market for mortgages:It's Chico!
 
Posted by
5:09 PM | Comments (0) |
Recommend this story at Yahoo! Buzz: 

Comments (0) |

Authors

Tag Cloud

Links

November 2008

Sun Mon Tue Wed Thu Fri Sat
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30            

Monthly Archives

Recent Entries