Dataquick reports today that the median price of Bay area homes is $390,000, up nearly 7% from September 2009. They report that the increase is due to adip in foreclosures and a rise in the number of high end sales.But at the same time 33% of the Fixed, A paper loans are in default in the 3rd quarter( 21% last year) and 16% increase in defaults on subprime loans( 35% last year).In San Ramon, zip code 94582 the increase in prices and reduction is inventory is very similar.
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