Blog Page 197

Joffrey Long: Reverse Mortgages – Wait and Lose $30,000

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.

Verdict One Releases Directory of Board Certified Attorneys for Consumers

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.

J.D. Power and Associates Reports: Centex Homes Receives Platinum Award for Excellence in Home...

Centex Homes, Pulte Homes and CTX Mortgage Lead Rankings for Inaugural New-Home Quality, New-Home Design, and Builder Mortgage Origination Studies, Respectively

California Foreclosures Up 200% From Last Year

New data from Mortgage Bankers Association clarifies California's crisis, underscores need for immediate legislative action

In a Changing Housing Market, Profit by Publicity Shows Real Estate Agents and Brokers...

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.

California Response to Foreclosure Crisis Weak

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.

Researchers explore increasing foreign investment in U.S. bonds, mortgage securities

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.

California MLSs to share real estate data

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.

New defaults for Crisp, Cole, records show

Four new defaults have rolled in for former Crisp & Cole Real Estate partners and spouses in less than a week, public records show.

Chicago firm plans to bolster its Inland real-estate holdings

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.

A faint light at the end of the real estate tunnel

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.

Donate to Charity when Buying or Selling Your House

When buying or selling your home, you have the chance to give big to the cause of your choice.I’ll admit it: I am one of those Californians that everyone loves to hate. I left the “Golden State” and am considering buying a house in another state because, as radio host might say, outside of California, “all the women are strong, the mountains are good-looking, and all the Real Estate prices are below California’s average.”

Real estate still booming in Koreatown

Developers and realtors in pockets of Southern California are channeling a new stream of South Korean investment money to stave off the slump that's hit much of the U.S. housing market. Lenora Chu has the story.

More homeowners to receive tax breaks because of falling house values

As the residential real estate market cooled and the commercial sector heated up, the total assessed value of property in Santa Clara County grew 8.25 percent last year, to a record $283.51 billion, county assessor Larry Stone said today.

Wannabe Buyers Welcome Housing Slump

LOS ANGELES -- Kurt Montufar isn't stressing over the housing slump. He's actually hoping things get worse. Like many wannabe homebuyers who were priced out of the market during the last boom, Montufar spends time these days scanning real estate ads and news reports to determine if it's time to take the plunge and buy.

FSBOs do better than agent listings in Wisconsin town

A new study based on data in Madison, Wis., concludes that sellers in the city do not get a higher price for their homes when using an agent and the local multiple listing service. But with a relatively low FSBO market share, that could mean that either more sellers are willing to pay agent commissions regardless of the sale price or that homeowners aren't aware of the FSBO Internet option.

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Bill to Extend Solar Thermal Program Passes Assembly

The Assembly passed AB 797 (Irwin) by a vote of 48 to 22 yesterday afternoon. The bill would extend consumer incentives for solar thermal technologies that reduce natural gas use in homes and buildings. The bill is part of the state’s ongoing efforts to reduce natural gas use, meet greenhouse gas reduction goals, and support economic development

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Rep. Roybal-Allard Statement on President Trump’s FY 2018 Budget

Congresswoman Lucille Roybal-Allard (CA-40), the ranking Democrat on the House Homeland Security Appropriations Subcommittee, issued the following statement regarding President Trump’s fiscal year 2018 budget proposal