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
Category: California
California housing market
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
New FHA Guidelines Eliminate Possibility of Success
By Gary A. Poliakoff, Ryan Poliakoff and Kevin Chiu Plagued by the real estate crisis that is likely to top that of the Great Depression, the Federal Housing Administration (FHA) has implemented a new set of lending standards in efforts to clear the glut of millions of vacant and unsold condominiums across the country. However,… Continue reading New FHA Guidelines Eliminate Possibility of Success
Worst is Over as Housing Deflation Peaks
Despite an on-coming wave of foreclosures, the worst is behind the majority of U.S. housing markets, according to a new assessment by Housing Predictor. Real estate deflation has been the worst in three states, topping 75% in the hardest hit markets of the country. But it has begun to slow as a result of a… Continue reading Worst is Over as Housing Deflation Peaks