Wednesday, September 19, 2012

Department of Good News

A couple of recent reports are bolstering the anecdotal stories that the San Francisco Bay area real estate market is improving:

According to a report from Chapman University's Anderson Center for Economic Research, the consumer confidence level of Californians is the highest it's been since before the beginning of the recession in late 2007:

Chapman University, California Consumer Sentiment, 9/10/12

Foreclosure Radar reports that foreclosure filings (notices of default and notices of sale) were down sharply in August.  This continues a mostly downward trend over the last year.

The same trend, although not as dramatic, is seen in the statewide numbers as well as the surrounding counties (Marin, Contra Costa, Alameda, San Mateo and Santa Clara).

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