About half the drop in the median price was due to depreciation, while the other half came from a shift in sales toward distressed homes and the way those homes are financed, DataQuick said.
“What happens next to housing will be determined by the fate of the economy, and especially the job market, as well as [...]
Greater Sacramento’s home values have declined 30 percent since the peak of the housing market in fourth-quarter 2005, according to a real estate Web site.
And almost 70 percent of families in the four-county region who bought their homes in 2006 have negative equity, one of the highest rates in the nation but far from the [...]