StocktonCalifornia posts

Feed

What Stockton, Calif. says about the troubled real estate market

Stockton, California led the U.S. in foreclosures in the third quarter among the top 100 metropolitan areas with an astounding one filing for every 31 households, The Associated Press reported, citing data from RealtyTrac.

The real estate market in California's Central Valley is especially bad because there was a ton of new construction and speculative buying during the boom, according to the Stockton Record. Indeed, the City of Stockton said on its website that people bought homes "without sufficient consideration or understanding of their loan agreements and mortgage responsibilities."

Continue reading What Stockton, Calif. says about the troubled real estate market

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 08:46 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1329054367429 ms.