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Whether they're waiting out the housing storm, or smack in the middle of it, an increasing number of Americans are choosing to rent, not own. And that's good news for landlords and investors.
SAN FRANCISCO , Sept. 19 /PRNewswire-FirstCall/ -- LoopNet, Inc. (Nasdaq: LOOP), which operates the largest online commercial real estate marketplace, has been named "Company of the Year" for 2006 by the Entrepreneurs Foundation, the San Francisco Bay Area organization, for its outstanding commitment to community involvement. LoopNet is headquartered in San Francisco with additional office locations in Los Angeles and New York City.
Foreclosure Activity Increases 36 Percent in August According to RealtyTrac(TM) U.S. Foreclosure Market Report
IRVINE, Calif., Sept. 18 /PRNewswire/ -- RealtyTrac(R), the leading online marketplace for foreclosure properties, today released its August 2007 U.S. Foreclosure Market Report, which shows a total of 243,947 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported during the month, up 36 percent from the previous month and up 115 percent from August 2006.
Regional Executive Conference Addresses Tri-County Concerns; Los Angeles, Ventura and Kern County Leaders Convene
VALENCIA, Calif., Sept. 18 /PRNewswire/ -- The Valley Industrial Association of Santa Clarita hosts the second annual Regional Executive Summit on Wednesday, October 24, offering business executives from Los Angeles, Ventura and Kern counties a forum for discussion related to issues in the tri-county area. The conference convenes at 7:30 a.m. at the Hyatt Valencia, 24500 Town Center Drive, Valencia, California.
GRANADA HILLS, Calif., Sept. 18 /PRNewswire/ -- With the huge falloff in loan volume for most types of loan products, reverse mortgages are getting increased attention from the mortgage industry. According to Joffrey Long, President of Southwestern Mortgage, there's a lot of interest in reverse mortgage training. "Our training sessions are filling up almost as fast as we can schedule them," said Long, whose company is a provider of reverse mortgages and reverse mortgage training for loan officers.
SAN FRANCISCO, Sept. 17 /PRNewswire-FirstCall/ -- AMB Property Corporation(R) (NYSE: AMB), a leading global developer and owner of industrial real estate, will host an analyst and investor forum on Tuesday, September 18, 2007 in New York City at the Palace Hotel. Additionally, AMB executives will ring The Closing Bell(R) at the New York Stock Exchange on Monday, September 17, 2007.
ESCONDIDO, Calif., Sept. 17 /PRNewswire/ -- Contrary to cooling market trends, Barratt American's City Square neighborhood in downtown Escondido has sold an astounding 18 homes in the month since its grand opening, it was announced by President of Barratt American's Urban Division Larry Clemens.
GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- A favorite reverse mortgage program -- one that gave borrowers the most in cash, monthly income, or credit line benefits, is soon to end.
GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- Four Months Ago, Bob Edleson, a private investor in real estate loans, was having difficulty keeping his money invested. "There just weren't enough good loans to invest in." Today, with many subprime lenders not making loans, Bob has a wide choice of loans in which to invest. Bob is a "private money" or "hard money" investor. From individuals with just 30,000 invested, to those who invest millions, they loan to borrowers whose credit or property doesn't meet the conditions of institutional lenders.
GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- A recent article published by a major Organization for Retired Persons offers what looks like a poorly thought out suggestion. The article suggests that those considering a reverse mortgage "wait it out" for a year or two. While there may be some borrowers who truly are not yet ready to start a reverse mortgage, there are a number of potential problems, none of which were disclosed in the article.
TARPON SPRINGS, Fla., Sept. 13 /PRNewswire/ -- Verdict One, developer of the first directory of board certified lawyers of all specialties, announced today the opening of its website to consumers as well as attorneys.
Centex Homes, Pulte Homes and CTX Mortgage Lead Rankings for Inaugural New-Home Quality, New-Home Design, and Builder Mortgage Origination Studies, Respectively
New data from Mortgage Bankers Association clarifies California's crisis, underscores need for immediate legislative action
SAN RAFAEL, Calif., Sept. 4 /PRNewswire/ -- The Marin Association of REALTORS(R) today announced publication of Profit by Publicity , the how-to reference book that shows real estate agents and brokers how to generate free publicity in a changing housing market to help build their reputations, get more listings and sell more properties.
OAKLAND, Calif., Aug. 21 /PRNewswire-USNewswire/ -- A coalition of California consumer organizations demanded stronger, swifter action on the part of the California legislature in response to the subprime mortgage crisis at a press conference in Sacramento today as well as in testimony before the Senate Banking Committee.
BERKELEY – Unprecedented investment in U.S. securities such as government bonds and mortgage-backed securities by China and other foreign countries reflects a growing globalization of real estate finance and generally benefits all sides - including U.S. home buyers enjoying lower interest rates - say researchers at the University of California, Berkeley's Haas School of Business.
The California MLSAlliance, a new search platform that gives agents and brokers the ability to find real estate listings statewide, launched this week with more than 2.5 million listings.
Four new defaults have rolled in for former Crisp & Cole Real Estate partners and spouses in less than a week, public records show.
First Industrial Realty Trust already has industrial land holdings in Inland Southern California and its growth plan includes substantial increases, a company official said Wednesday.
Two years after the number of unsold homes began to rise and a year after prices began to slide, the local real estate market is showing the first signs of what could become a rebound, according to agents and others in the industry.