Stockton retains dubious No. 1 foreclosure ranking
For the second month in row, Stockton had the nation's highest metro foreclosure rate.
One in every 120 housing units was hit with a foreclosure filing during November. Stockton's level of foreclosures is nearly twice the rate for the state, according to figures released Wednesday by RealtyTrac, which follows foreclosure activity nationwide.
There were 1,913 Stockton properties with a foreclosure filing in November, up 20 percent from the previous month and up 9 percent from November 2010. The increase in Stockton was driven largely by a 65 percent month-over-month increase in scheduled foreclosure auctions.
Distressed-property sales - the combination of foreclosure resales and short sales - continued to make up more than half of California's resale market, according to DataQuick, which monitors real estate activity nationwide.
In San Joaquin County, 877 new and resale homes and condos were sold last month, up 2 percent from a year earlier, DataQuick said, but the median price dropped 8 percent to $150,000. Of the total sales, 767 were existing homes.
He immediately fell in love with this area and made the Quad-Cities his home and married a local girl. The 1998 Season, Niuman was picked up by the Milwaukee Brewer's to play for their Stockton Ports AA Team. QC was always home and he and his wife