By Mike Colpitts Four states cities accounted for 19 of the top 20 metropolitan U.S. foreclosure centers in 2010 as the foreclosure crisis gained momentum in the majority of the nation, despite moratoriums put in place by five major national lenders, according to RealtyTrac. California, Florida, Nevada and Arizona cities accounted for the most foreclosures.… Continue reading Four States Cities Lead Foreclosure Crisis in 2010
Category: California
California housing market
Neither Best nor Worst in California
By Mike Colpitts Long viewed as the national leader in real estate and hundreds of other dizzying trends and fads, California neither made the annual Best or Worst 25 Housing Predictor market lists for 2011. It was the first time in the index’s six year history that a Golden State market failed to make the… Continue reading Neither Best nor Worst in California
$4 Million Tech Mansions Drive Comeback
By Kevin Chiu The vacation home market, still tumbling in a downturn in most of the U.S. is making an isolated comeback in Lake Tahoe, especially in the $4-million plus high-end range, where the titans of high-tech land are driving the mini-boom. As the disparity between haves and have-nots grows across America, gated real estate… Continue reading $4 Million Tech Mansions Drive Comeback
Sunshine States Carry Foreclosure Slide
By Mike Colpitts Major sunshine state metropolitan areas accounted for the top 19 of 20 foreclosure rates in the U.S. during the third quarter of the year, according to the quarterly report compiled by RealtyTrac. California, Florida, Nevada and Arizona cities had the highest number of repossessed residential properties. Among all the metro areas tracked… Continue reading Sunshine States Carry Foreclosure Slide
Despite State Tax Credit California Home Sales Decline
By Kevin Chiu Despite a special state home buyer tax credit, sales of homes in California declined more than 17% from a year ago in September, according to San Diego based real estate research firm DataQuick. The median price for a California home is $265,000, which is 5.6% higher for the year. But with a… Continue reading Despite State Tax Credit California Home Sales Decline
Investor Real Estate Market Forecast
Lucky 7 Investor Forecast The “Lucky 7” best investor housing market forecasts for 2011 are made up of markets in six different states for investors willing to take a risk buying real estate to make a profit. Don’t worry the risk will be worth the wait! All seven are already showing Housing Predictor analysts that… Continue reading Investor Real Estate Market Forecast
Mega Home Refinancing Proposed
By Kevin Chiu A California Congressman has proposed a sweeping proposal for homeowners to refinance their mortgages at lower interest rates to keep more homeowners in their homes, despite the amount of equity in their property. “This is a market based solution,” said Rep. Dennis Cardoza (D-CA). “The vast majority of home loans are already… Continue reading Mega Home Refinancing Proposed
$23 Billion in Home Buyer Tax Credits
The credit to home buyers taking advantage of the federal government’s tax credit has reached $23.5 billion, according to the Internal Revenue Service. Some $16.2-billion was for the first time home buyers $8,000 credit and $6,500 grants to first and second time buyers. The tax credits produced a spike in home sales in the majority… Continue reading $23 Billion in Home Buyer Tax Credits
America’s Richest Home Market Rebounds
Once the home of wild Hippie partying, America’s richest home market is making a come back in luxury housing sales. Marin County, California just north of the scenic Golden Gate bridge is America’s richest housing market based on highest average net worth and it’s seeing a revival in luxury home sales. As Marin rebounds from… Continue reading America’s Richest Home Market Rebounds
California Burning Through Housing Inventory
Re-invigorated by a special $10,000 state tax credit, the California home market has been experiencing a rebound and a drop in housing inventory on the market. More than half of all homes sold by real estate agents in the last year have received multiple offers. Historically, when California begins a rebound in home sales the… Continue reading California Burning Through Housing Inventory