Real Estate News
With foreclosures high and demand weak, home prices in a majority of the nation’s largest metropolitan areas posted fresh lows in December and pushed a widely watched index of real estate values close to a double-dip decline. The Standard & Poor’s/Case-Shiller index showed that prices in 20 major U.S. cities dropped an average of 2.4% [...]
Filed under: Uncategorized on February 23rd, 2011 | Comments Off
As part of the new runoff ordinance, SMMC 7.10, passed by the City Council in July, 2010, when a property is sold, the seller needs to inform the buyer of the existing of one or more structural devices called a Best Management Practices or BMPs. BMPs are devices that harvest rainfall from impermeable surfaces on [...]
Filed under: Uncategorized on February 21st, 2011 | Comments Off
February 17, 2011 | 8:00 am Mortgage rates eased off this week following last week’s big leap higher, according to the latest surveys of lenders. The 30-year fixed-rate loan of up to $417,000 averaged 5.0%, down from 5.05% last week, Freddie Mac said in its weekly report. The typical rate for a 15-year fixed mortgage declined to 4.27% from 4.29%. [...]
Filed under: Uncategorized on February 19th, 2011 | Comments Off
Premiums are likely to rise an average of 2% to 3%, with coastal areas seeing the biggest increases. Policyholders who want to get a good deal should shop around. Reporting from Chicago — The cost of home insurance is expected to rise in 2011 for the third straight year. Premiums are likely to rise an [...]
Filed under: Uncategorized on February 16th, 2011 | Comments Off
Interesting to read that 177 Santa Monica homes were in some trouble foreclosure wise but have noticed the past couple of years a definite softening of prices and more and more short pays in the Santa Monica area. Sunset Park houses that were over a mil and in many cases reaching 1.5 mil and [...]
Filed under: Uncategorized on February 1st, 2011 | Comments Off
