Real Estate News
Enough with the doom and gloom about homeownership.
Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough. This is what “capitulation” looks like. Everyone has given up
Filed under: Home Buying, Uncategorized on October 12th, 2010 | Comments Off
Fading government stimulus and waning buyer enthusiasm caused Southern California’s housing market to soften in August — but not as badly as earlier in the summer. The median price for a Southland home in August dropped 2.4% from the month before to $288,000, the third consecutive month-to-month drop for the closely watched indicator, San Diego [...]
Filed under: California Real Estate News, Economic Recovery, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, La Times, Local LA Real Estate News, Market Update on September 16th, 2010 | Comments Off
BOSTON — Homeowners who had mortgages modified recently are faring better than those who did so earlier in the housing crisis, according to a report released Tuesday, possibly debunking predictions of a huge wave of defaults to come. The State Foreclosure Prevention Working Group warned of other troubling signs, however, on the same day that [...]
Filed under: Home Buying, Housing Market Trends, Lending Info, loan modification, Market Update, Mortgage News, National Real Estate News on August 27th, 2010 | Comments Off
California home prices remained almost flat in July but sales stalled as federal tax credits for buyers expired. The median price paid for a home last month was $268,000, down less than 1% from June, and up 7.2% from July 2009, according to MDA DataQuick of San Diego. The year-over-year increase was the ninth in [...]
Filed under: California Real Estate News, First-Time Homebuyer Tax Credit, Home Buying, Home Prices, Home Selling, Housing Market Trends on August 23rd, 2010 | Comments Off
An index of home purchase contracts fell 2.6% in June from May as the expiration of federal tax incentives for buyers continued to damp demand from home shoppers for a second straight month, according to the National Assn. of Realtors. The trade group’s pending home sales index, a forward-looking indicator based on contracts signed for [...]
Filed under: Economic Recovery, Home Buying, Home Selling, Market Update, National Real Estate News on August 4th, 2010 | Comments Off
Housing starts fall 5% overall from May, single-family home construction is down 0.7% and apartment construction declines nearly 20%, the government says. It’s the latest sign of trouble in the housing market. New residential construction dropped in June, another indication that the U.S. housing market is struggling. Housing starts fell 5% in June from May, [...]
Filed under: California Real Estate News, Home Buying, Housing Market Trends, National Real Estate News on July 23rd, 2010 | Comments Off
Built 2006 Sophisticated Elegance Classic Mediterranean! This almost new town home features: dramatic natural light, designer finishes, open floor plan, maple hard wood floors, recessed lights, crown moldings, cooks kitchen with Caesar stone counters, wine cooler and stainless steel appliances opens to one of a kind large private landscaped yard and patio, master suite with [...]
Filed under: California Real Estate News, Home Buying, Santa Monica Activities, Santa Monica Neighborhoods, Santa Monica News, Uncategorized on July 16th, 2010 | Comments Off
The May increase to $305,000, compared with the same period a year earlier, reflects a shift in sales in the region. Purchases climb 7.2% as buyers rush to take advantage of tax incentives. The Southland’s housing market surged in May with the median home price soaring 22.5% from its year-earlier level as tax incentives for [...]
Filed under: California Real Estate News, Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Local LA Real Estate News, Market Update, Mortgage Rates on June 21st, 2010 | Comments Off
Interest rates on 30-year fixed-rate mortgages fell this week to their lowest level this year and were just barely above their all-time low, Freddie Mac reported Thursday. But demand for loans to purchase houses remains sluggish more than a month after the end of a federal program to stimulate the economy through tax credits for [...]
Filed under: Economic Recovery, Federal Housing Regulations, Home Buying, Lending Info, loan modification, Mortgage News, Mortgage Rates, National Real Estate News, Refinancing on June 11th, 2010 | Comments Off
Reporting from Washington — New research suggests that buyers’ minds are so taxed after they go through the ordeal of finding a house that they often rush into the next step — applying for a loan — and make poor choices. Sometimes they opt for the first choice presented to them without regard to the [...]
Filed under: Consumer Protection, First-Time Homebuyers, Home Buying, Lending Info, Mortgage News, Mortgage Rates on June 11th, 2010 | Comments Off
