the 0.6% drop, less than expected, follows steeper declines in January and December. It comes KB Home reports a narrower loss in its first quarter. By Alejandro Lazo The Los Angeles Times The housing market stumbled anew in February as sales of previously owned homes fell for the third consecutive month and the number of [...]
Filed under: Economic Recovery, Federal Housing Regulations, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on March 24th, 2010 | Comments Off
Analysts attribute the increase, to $249,000, to more higher-end houses and fewer bank-owned properties changing hands. By Alejandro Lazo The Los Angeles Times California’s median home price rose a robust 11.2% in February from the same period a year ago as fewer foreclosure properties sold, while the number of homes sold fell 3.8%. The median [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Market Update on March 19th, 2010 | Comments Off
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
The National Assn. of Realtors index of deals under contract fell to 90.4 from 97.8 in December. It’s 12.3% higher than January 2009. By Alejandro Lazo The Los Angeles Times In another sign that the U.S. housing recovery might be on a shaky foundation, the number of homes placed under sales contract fell 7.6% in [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on March 5th, 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
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
Alejandro Lazo The Los Angeles Times A National Assn. of Realtors gauge of future home purchases increases 1% to 96.6 in December compared with a month earlier. Contracts for home purchases in December eked out a gain over the prior month, according to data out Tuesday, one sign that the U.S. housing market might muddle [...]
Filed under: Economic Recovery, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on February 3rd, 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
The December figure is up 1.1% from the previous month and a 6% increase over a year earlier Alejandro Lazo The Los Angeles Times California home prices ticked up 1.1% in December from the previous month, continuing a slow but steady improvement for the state’s housing market, according to data released Thursday. Home sales have [...]
Filed under: California Real Estate News, Economic Recovery, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update on January 22nd, 2010 | Comments Off
