Patrick.net housing crash news | bubble blog

59% of Los Angles Houses for Sale Are Foreclosures

55% are Foreclosures in Palo Alto

Very few are in the newspapers because realtors are afraid of effect on market.

From reader John C.

BTW, we ran some numbers yesterday (originating from various county
registrars' offices) which you already probably know.
 
City            # of Homes for Sale     # of Foreclosure  %
Dublin              399                 173             43%
Pleasanton          324                 101             32%
San Ramon           468                 195             42%
Walnut Creek        525                 156             30%
Danville            338                 102             30%
Concord           1,323                 905             69%
Moraga               55                  13             24%

Berkeley            255                 156             61%
Oakland           3,468               2,546             73%

San Francisco     1,903                 531             30%

Millbrae             57                  18             32%
Burlingame           69                  16             23%
Hillsborough         49                  11             22%
San Mateo           360                 151             42%
Foster City          49                  15             31%
Redwood City        336                 121             36%
Redwood Shores       43                   6             14%
San Carlos           91                  17             19%

Palo Alto           134                  74             55%
Los Altos            67                   6              9%
Mt. View            163                  39             24%

Santa Clara         290                 123             42%
San Jose          5,744               3,228             56%

San Diego        10,768               6,121             57%
Los Angeles       8,309               4,904             59%