Yearly Archives: 2010

SACRAMENTO, CA - September 1, 2010 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (CA-05) issued a letter in response to the most recent display of uncertainty by the Federal Housing Finance Agency (FHFA) in their handling of the Property Assessed Clean Energy (PACE) program – a program funded by the American Recovery and Reinvestment Act (ARRA) which could have provided thousands of good American jobs and helped meet our nation’s energy efficiency goals – if properly enacted

LOS ANGELES, CA - August 30, 2010 - (RealEstateRama) -- A former mortgage broker who helped orchestrate a massive mortgage fraud scheme that caused well over $40 million in losses was sentenced today to 78 months in federal prison

ONTARIO, CA - August 27, 2010 - (RealEstateRama) -- CT Realty Investors (www.ctrinvestors.com) of Aliso Viejo, Calif., has acquired the Archibald Business Center in Ontario, Calif., for $9.5 million. The property was purchased from Bixby Land Co. through a joint venture between CT Realty and Dallas-based Behringer Harvard Opportunity REIT II Inc

LOS ANGELES, CA - August 25, 2010 - (RealEstateRama) -- California home sales decreased 20.8 percent in July compared with the same period a year ago, while the median price of an existing home rose 10.4 percent from July 2009, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

SACRAMENTO, CA - August 24, 2010 - (RealEstateRama) -- Housing production in California continued to increase in July as a result of strong performance in the multifamily sector, the California Building Industry Association announced today.

EUGENE, OR - August 24, 2010 - (RealEstateRama) -- Morgan Lane Marin and Tracy McLaughlin have enabled the IDX, Inc. premier IDX Broker software on her professional real estate website, giving her clients a unique and comprehensive online property search process. With the homes on the Bay Area Real Estate Info Services (BAREIS) seamlessly integrated onto her website, McLaughlin offers home seekers a specialized home buying experience, beginning with the dynamic tools synced on her website. Never before has finding a home in Marin County, California been easier or quicker than now on the IDX enabled search page of McLaughlin

SACRAMENTO, CA - August 23, 2010 - (RealEstateRama) -- Congresswoman Doris Matsui (D-CA) announced that the Government Accountability Office (GAO) released a report on the current situation of mortgage foreclosure scams occurring around the country, and an analysis of the government’s efforts to prohibit such deceptive financial practices.

SACRAMENTO, CA - August 23, 2010 - (RealEstateRama) -- The pace of new-home sales across California continued to see lackluster demand conditions in June, the California Building Industry Association reported today

EUGENE, OR - August 20, 2010 - (RealEstateRama) -- Kathy Chan of Parc Bay Real Estate and IDX, Inc. have teamed up to create a real estate search page designed to deliver the perfect property to home seekers, fast. Her dedication to her clients and their successful property search is only reinforced by her adoption of the customizable IDX solution for her website. San Francisco, California home seekers can search is now on a simplified site, thanks to Chan, her website and IDX Broker

LOS ANGELES, CA - August 20, 2010 - (RealEstateRama) -- The California State Assembly today approved SB 1178 (D-Corbett) by a 49 to 14 vote, extending anti-deficiency protection for consumers who have refinanced their original mortgage loans and now are facing foreclosure. The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is the sponsor of the consumer-protection legislation.

SACRAMENTO, CA - August 20, 2010 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (D-Sacramento) announced that Sacramento Neighborhood Housing Services has received $750,000 to help provide financing for low-income housing projects in Sacramento. Awarded through the Treasury Department’s Community Development Financial Institution Program (CDFI), this funding is awarded to nonprofit certified community development financial institutions that serve low-income people and communities that lack adequate access to affordable financial products and services.

EUGENE, OR - August 19, 2010 - (RealEstateRama) -- San Jose, California real estate professional Christine Perry, from the Sereno Group, has chosen to employ the IDX, Inc. premier IDX Broker software, in an effort to deliver her clients with a more professional and efficient online property search. The tools clients of Perry can now utilize on her website make finding a home on the Northern California coast simple and quick. With a custom IDX solution real estate professionals, like Perry, can relax as their professional websites attract and hook new clients and potential buyers.

EUGENE, OR - August 19, 2010 - (RealEstateRama) -- Harold Watts, Realtor from Scott Lyle Realtors has upgraded his real estate website with the IDX, Inc. premier IDX Broker software. Desert MLS listings are now available with the click of a mouse on the website of Watts, bringing thousands of properties to home seekers around Palm Springs, California. The customizable IDX solution Watts has now enabled on his website simplifies the online home search process for both potential buyers and real estate professionals, like Watts

LOS ANGELES, CA - August 19, 2010 - (RealEstateRama) -- The percentage of households that could afford to buy an entry-level home in California stood at 64 percent in the second quarter of 2010, compared with 67 percent for the same period a year ago, according to a report released today by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)

SACRAMENTO, CA - August 19, 2010 - (RealEstateRama) -- After posting a slight increase last quarter, housing affordability in California decreased in the second quarter of 2010 with 15 of the state’s 28 metropolitan areas included in the report showing affordability levels creeping downward, the California Building Industry Association said today

August 17, 2010 - (RealEstateRama) -- Latinos and African Americans in California have experienced significantly higher foreclosure rates than non-Hispanic borrowers in the state, according to first-of-its-kind research released today by the Center for Responsible Lending.

SACRAMENTO, CA - August 16, 2010 - (RealEstateRama) -- An updated version of The Economic Benefits of Housing report released today by the California Homebuilding Foundation (CHF) in conjunction with the Center for Strategic Economic Research (CSER), confirms that the housing industry’s economic output has fallen approximately 80 percent since 2005, representing a loss of tens of billions of dollars and hundreds of thousands of jobs to the state’s economy.

SAN DIEGO, CA - August 16, 2010 - (RealEstateRama) -- CT Realty Investors Corp. of Aliso Viejo, Calif., (www.ctrealtycorp.com) announced that longtime San Diego real estate veteran Jim Kelly has joined the company as managing partner and executive vice president of the company’s San Diego Division. Kelly will head up the company’s San Diego regional operations located at 10650 Treena St., Suite 111, in San Diego

EUGENE, OR - August 12, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce that David Reading of Ventura Premier Realty has chosen to upgrade his professional real estate website by utilizing a customized IDX solution to transform his online business. Ventura County Regional Data Share (VCRDS) listings are now seamlessly integrated onto his website thanks to IDX Broker, which extracts raw listing data and displays it effortlessly on his search pages. The powerful tools synced online help Reading and his clients to have a better overall experience throughout the online property search.

LOS ANGELES, CA - August 12, 2010 - (RealEstateRama) -- CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) subsidiary California MLS, Inc., doing business as calREDD®, and the Multi-Regional Multiple Listing Service, Inc. (MRMLS), last week signed an agreement to merge the efforts of calREDD® and MRMLS. calREDD® is the C.A.R. initiative to create one Multiple Listing Service (MLS) accessible to real estate agents throughout the state. The new yet-to-be-named entity will serve more than 33,000 real estate professionals and 25 REALTOR® associations throughout California.