Led by double-digit jumps in coastal areas, the median sales price for the region reaches $275,000. The number of homes sold was nearly flat, up only 0.8%. By Alejandro Lazo The Los Angeles Times Southland home prices jumped 10% in February compared with the same month last year as foreclosure sales dropped significantly. San Diego [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Jumbo Home Loans, Lending Info, Market Update on March 17th, 2010 | Comments Off
Brent T. White, a University of Arizona law school professor, says that it’s in the homeowners’ best financial interest to stiff their lenders and that it’s not immoral to do so. By Kenneth R. Harney The Los Angeles Times Reporting from Washington – Go ahead. Break the chains. Stop paying on your mortgage if you [...]
Filed under: Consumer Protection, Credit Scores, Economic Recovery, Federal Housing Regulations, FHA loans, Foreclosures and Short Sales, Housing Market Trends, Lending Info, loan modification, Market Update, Mortgage News, Refinancing on February 26th, 2010 | Comments Off
By Alejandro Lazo The Los Angeles Times But January’s year-over-year increase to $271,500 is a 6.1% drop from December. Total sales climb about 1% from a year earlier. Home sale prices in Southern California showed fresh strength in January, bouncing 8.6% from the same month one year earlier – a period when the market was [...]
Filed under: California Real Estate News, Economic Recovery, Federal Housing Regulations, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update on February 17th, 2010 | Comments Off
By Jim Puzzanghera The Los Angeles Times About 4 million U.S. homeowners are 90 days or more delinquent on their loans or in foreclosure proceedings, Moody’s Economy.com says. A federal loan modification program is helping a relative few. Reporting from Washington – Experts fear that a new wave of foreclosures will hit this year as [...]
Filed under: Economic Recovery, Federal Housing Regulations, Foreclosures and Short Sales, Home Prices, Housing Market Trends, Jumbo Home Loans, Lending Info, loan modification, Mortgage News, National Real Estate News, Problem Solving, Refinancing on February 17th, 2010 | Comments Off
Alejandro Lazo The Los Angeles Times The number sold in the state drops 23.8%, for a fourth year of decline in a row. Sales of California homes priced at $1 million or more tumbled for a fourth consecutive year in 2009, according to a report released Thursday. The number of million-dollar-plus homes sold dropped 23.8% [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Prices, Home Selling, Housing Market Trends, Jumbo Home Loans, Market Update on February 5th, 2010 | Comments Off
Associated Press Washington – Most banks aren’t erecting new hurdles for people and businesses to get loans, a fresh sign that credit problems are easing. In a quarterly survey released Monday, the Federal Reserve found that “commercial banks generally ceased tightening standards on many loan types” at the end of last year. The one exception: [...]
Filed under: Economic Recovery, Federal Housing Regulations, Foreclosures and Short Sales, Lending Info, Mortgage News, National Real Estate News on February 2nd, 2010 | Comments Off
Alejandro Lazo The Los Angeles Times Sales of previously owned houses fell 17% in December, raising fears about recovery Sales of previously owned homes nationwide plunged steeply in December, raising concerns that the housing recovery could lose steam after government policies intended to support it expire in the spring. For now, California appears to be [...]
Filed under: California Real Estate News, Economic Recovery, Federal Housing Regulations, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Selling, Housing Market Trends, Market Update, Mortgage News, Mortgage Rates, National Real Estate News on January 27th, 2010 | Comments Off
E. Scott Reckard The Los Angeles Times Delinquencies on home equity loans and lines of credit jumped to record levels in the third quarter, a banking trade group said Thursday. Home equity loan delinquencies rose to a record 4.3% of such accounts from 4.01% in the second quarter, the American Bankers Assn. reported. Delinquencies on [...]
Filed under: Economic Recovery, Foreclosures and Short Sales, Housing Market Trends, loan modification, Mortgage News, Mortgage Rates, National Real Estate News, Refinancing on January 8th, 2010 | Comments Off
Even if policy supports are ended, home affordability and shrinking inventory point to a sector on the mend. But don’t expect recent price increases to continue apace By James Cooper Business Week Click here to watch a video on the outlook of the housing market according to Business Week Magazine. The broad improvement in the [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Buying, Home Prices, Housing Market Trends, Market Update, National Real Estate News on December 11th, 2009 | Comments Off
Their willingness to ‘strategically default’ on loans depends largely on how far underwater they are. By Lew Sichelman The Los Angeles Times Sunday November 22, 2009 That some underwater owners – whose houses are worth less than they owe – are walking away from their homes even though they can still afford to make their [...]
Filed under: Economic Recovery, Foreclosures and Short Sales, loan modification, Mortgage News, National Real Estate News on November 23rd, 2009 | Comments Off
