With foreclosure activity in California at record levels, you’d expect it just a matter of time before the problem trickled into Marin right? Well, so far so good…
Marin homeowners were among the least likely to default on loans statewide, a research firm reported Friday.
While foreclosures in Marin are up, they’re nowhere near the degree we’re seeing in other Bay Area counties. In fact, Marin’s ranking is the second best in the region and many view the Marin housing market to be fairly bullet-proof.
The market looks to be headed up in reality. Marin’s median home price took a big leap above the $1MM mark in October. At $1,011,000, this is a 6.5% increase from 2006. Absolutely extraordinary given the slumping California housing market.
Marin defaults among the lowest in the state [Marin IJ]