California Foreclosure Activity Continues to Rise

Lenders sent California homeowners the highest number of mortgage default notices in over a decade last quarter, the result of flat or falling prices, anemic sales and a market struggling with the excesses of the 2004-2005 home buying frenzy, a real estate information service reported.

The median price paid for a California home purchased between July 2005 and August 2006 was $460,000. Of those homes, the median price paid for those that went into default last quarter was $445,500, mostly because of low default rates at the high end.

Read on and see Notices of Default list by city HERE

County home foreclosures rise 551% in first half of 2007

from the San Diego Union reports that home foreclosures in San Diego County continued their troublesome upward climb in June, but analysts say the number has yet to reach a threshold that creates a drag on real estate prices or the economy.

Housing Bubble and Real Estate Market Tracker from SA for 7/25