Category: California

California housing market

Recovery Heads to Higher Home Prices

By Ryan Jackson The U.S. housing recovery is moving into higher priced home markets as technology and newer industries pave the way for the nation’s future economic growth. The trend also demonstrates how some major cities that were once heavily populated are unlikely to recover much at all. The real estate crash has left huge… Continue reading Recovery Heads to Higher Home Prices

Olympics Trigger Huge Boom, But Little in Home Values

By Ryan Jackson Six cities that hosted the Olympics in the last quarter century have experienced huge construction booms with new projects needed to house the games, but the majority found little appreciation in home values or other property inflation following the games. In fact, three of six Olympic cities, including Los Angeles and Atlanta… Continue reading Olympics Trigger Huge Boom, But Little in Home Values

MERS Role Upheld in Foreclosures

By Mike Colpitts MERS, the electronic mortgage giant transfer company at the center of the robo-signing scandal, received better news from the California Supreme Court of Appeals. The court rejected mortgage borrower claims challenging the firm’s role as beneficiary in foreclosures. The decision, written by Justice Paul Haerle of the First Appellate District, agreed with… Continue reading MERS Role Upheld in Foreclosures

Higher Prices May Produce Trouble Bubble

By Ryan Jackson Higher home prices being paid in some U.S. cities could lead to troublesome isolated bubbles, according to new research. Strong demand for homes in three of the nation’s hardest hit states are pushing up housing prices more quickly than might be sustainable. Driven by record low mortgage rates, sales are improving at… Continue reading Higher Prices May Produce Trouble Bubble

Homeowners Bill of Rights to Become Law

By Mike Colpitts California lawmakers have passed a groundbreaking series of foreclosure relief bills that proponents hope will spur similar legislation for homeowners across the U.S. The bills are the first of their kind in the nation, and California Governor Jerry Brown says he will sign the Homeowners Bill of Rights into law. The legislation… Continue reading Homeowners Bill of Rights to Become Law

5 Best Beach Vacation Home Bargain Cities

The surf meets the sand in the heat of summer. Whether this is the year to buy that beach vacation home or not is another thing. If you’reconsidering the plunge, these are the best 5 beach home bargain cities to buy a foreclosure home or condo. Foreclosure News Report ranked U.S. metro areas across the… Continue reading 5 Best Beach Vacation Home Bargain Cities

Foreign Real Estate Buyers Drive Recovery

By Mike Colpitts Cash flush foreign real estate buyers are driving the U.S. housing market into a recovery, producing $82.5 billion in sales in the last year alone. International residential sales are gaining momentum and are divided between recent U.S. immigrants and non-resident foreigners who are buying a piece of America at deep discounts. Low… Continue reading Foreign Real Estate Buyers Drive Recovery

Foreclosure Filings Top 1-Million

By Ryan Jackson More than 1-million U.S. homes had foreclosure filings of some sort filed against them in the first half of the year ( 1,045,801), according to RealtyTrac. First half foreclosure activity increased in 20 states from a year ago, including hard hit Florida, California, Illinois, Indiana, South Carolina and upscale Connecticut. Final foreclosure… Continue reading Foreclosure Filings Top 1-Million

Home Prices Climb at 25 Year Clip

By Ryan Jackson Home prices increased at the fastest rate in 25 years during the spring selling season, according to real estate research firm CoreLogic. U.S. housing prices jumped an average of 1.4% during the month of June alone, the company said. The most substantial improvement in home prices has developed over the last three… Continue reading Home Prices Climb at 25 Year Clip