Despite declining prices of homes in Santa Cruz County, including existing houses and bank foreclosures like Wachovia home foreclosures, buyers are still reluctant to purchase.
Stockton foreclosed homes for sale accounted for over 69 percent of all house sales in the city in September. In the third quarter, foreclosure filings in the city rose by 1.6 percent to 8,000 filings from the previous quarter.
Stockton foreclosed homes for sale are still affecting business environment in the area despite the declining pace of foreclosures. Stockton was 98th in a ranking of metro areas based on business climate and economic strength.
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