According to the local papers the Bay Area is ready to go bankrupt as far as Real estate is concerned. We all can make the numbers look anyway we want them to look. Manipulate a criteria as simple as a date and you can make it look really bad. However these are the facts.
The Foreclosure rate in Livermore is not as high as in some other markets and certainly not as alarming.
Here are the stats
Notices of default in Alameda County are from September 1st till October 27th 1156. In Livermore they are 56.
The Notices of Sale are Alameda County 663 and Livermore 48 for the same time period.
The notices of Default in Livermore are at 7%. In places like Antioch you are looking at 15%. We are holding our own and the point is, that if you really want to now what is going on in your neighborhood, just call an experienced Realtor. Do not trust the Newspapers. They are certainly make a great conversation peace, but that is about it.
For accurate information about your neighborhood visit http://www.maxdevries.com.
I will put up some additional stats on homes in Livermore on Monday. Stay tuned. Livermore you are going to be oke.
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