Real Estate News
An unexpected 81% of U.S. adults surveyed by the Pew Research Center say buying a home is the best long-term investment. The real estate bust appears to have done little to alter Americans’ confidence in the investment value of homeownership. A robust 81% of adults said buying a home is the best long-term investment a [...]
Filed under: Uncategorized on April 12th, 2011 | Comments Off
April 6, 2011 California homeowners who refinanced their properties for cash or took out home equity lines of credit will now be allowed to participate in parts of the state’s $2-billion foreclosure relief initiative. Many people tapped their rising equity during the boom years, using their homes as ATMs to fuel spending. The California Housing [...]
Filed under: Uncategorized on April 6th, 2011 | Comments Off
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
By John Keefe | Jul 7, 2010 In the past few days I have read, in a couple of different credible sources, about proposals to end the home mortgage interest deduction. From the individual’s perspective, the home mortgage deduction is great, especially if you have bought more house than you really can afford, and are [...]
Filed under: Uncategorized on January 25th, 2011 | Comments Off
Established in 1982 in response to devastating federal and state education budget cuts, the Education Foundation was organized by a dedicated group of parent, business and community leaders to enhance and supplement the curriculum of the District. We fund programs in the Arts, Academics and Athletics. We have accomplished this through the establishment of permanent [...]
Filed under: Uncategorized on January 25th, 2011 | Comments Off
by CHRISTINE RICCIARDI Monday, December 20th, 2010, 12:13 pm Rising interest rates spurred first-time homebuyer activity in November, according to the Campbell/Inside Mortgage Finance monthly survey released Monday. The survey gets input from more than 3,000 real estate agents nationwide on the state of homebuyer activity. The share of first-time homebuyer purchases jumped to 37.2% from [...]
Filed under: Uncategorized on December 21st, 2010 | Comments Off
