Archive for April, 2008
C.A.R. reports sales decreased 24.5 percent, median home price fell 29 percent in March
April 29, 2008 Posted by California RealEstateRama
LOS ANGELES (April 25) – Home sales decreased 24.5 percent in March in California compared with the same period a year ago, while the median price of an existing home fell 29 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
Mortgage Counseling Agencies to Receive Aid, Hire More Counselors
April 21, 2008 Posted by California RealEstateRama
Mortgage counseling agencies will receive $5 million to hire more counselors over the next two years, and help the half a million California homeowners facing interest rate resets and the threat of foreclosure.
California New Home Market Stays Cold in February, CBIA Announces
April 18, 2008 Posted by California RealEstateRama
Pace of decline slows, leading to glimmer of hope that bottom of market is near
SACRAMENTO – The pace of home sales at California new-home communities continued to remain sluggish in February, the California Building Industry Association reported today.
Insurance Commissioner Poizner Issues Statement on Bush Administration Proposal to Overhaul Financial Regulation
April 10, 2008 Posted by California RealEstateRama
SACRAMENTO ― Today Insurance Commissioner Steve Poizner issued the following statement regarding yesterday’s announcement by the Bush administration to overhaul the nation’s regulatory policies for commercial and investment banks and the financial market.
Total New-Home Starts Decline Again in February, CBIA Announces
April 7, 2008 Posted by California RealEstateRama
Multifamily starts increase, resale market shows signs of revitalization signaling that the bottom could be near
March 26, 2008, SACRAMENTO — New-home starts in California continued to decline in February as homebuilders continued to grapple with problems in the housing and credit markets, the California Building Industry Association reported today.
Senator Feinstein and Mayor Villaraigosa Urge Swift Passage of Legislation to Create National Standards for America’s Mortgage Brokers and Lenders
April 2, 2008 Posted by California RealEstateRama
Los Angeles – U.S. Senator Dianne Feinstein (D-Calif.) and Los Angeles Mayor Antonio Villaraigosa today called for Congress to pass legislation to create national licensing and oversight standards for mortgage brokers and lenders. Mayor Villaraigosa also announced his endorsement of the legislation – the SAFE Mortgage Licensing Act — introduced by Senators Feinstein and Mel […]