Yearly Archives: 2013

WASHINGTON, D.C. - July 25, 2013 - (RealEstateRama) -- Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee released the following statement in response to committee passage of the inaptly-named “Protecting American Taxpayers and Homeowners Act” or “PATH Act” (H.R. 2767). H.R. 2767 is a Republican bill that would unwind Fannie Mae and Freddie Mac and remove any government support from the secondary mortgage market. However, because the bill would remove a government guarantee, it would end the affordable 30-year fixed rate mortgage and have negative impacts on the middle class, community banks and credit unions, the housing market, and America’s taxpayers

LOS ANGELES, CA - July 24, 2013 - (RealEstateRama) -- The share of equity home sales in California continued to expand in June, comprising four of every five home sales, thanks primarily to a drop in distressed sales. Meanwhile, sales of REOs fell into the single-digits for the third straight month and registered levels not seen since September 2007, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today

WASHINGTON, D.C. - July 23, 2013 - (RealEstateRama) -- While up from the first quarter, the number of California homeowners entering the foreclosure process was at its second-lowest level in seven years last quarter, largely the result of a steep rise in home values, a real estate information service reported.

IRVINE, CA - July 23, 2013 - (RealEstateRama) -- The RealtyTrac Network (RTN) recently announced the addition of Seller LeadTrac, a unique technology application that screens and sorts millions of properties nationwide for its RealtyTrac Network members. The application provides a platform that combines six integrated databases consisting of: public record data, tax record data, distressed property data, bankruptcy data, for-sale listing data, postal record data and an automated valuation model.

PALM DESERT, CA - July 23, 2013 - (RealEstateRama) -- Restoring Prop. 90 to allow homeowners 55 and older to transfer their property's base tax value to a new home in Riverside County will boost the economy and create jobs, the California Desert Association of REALTORS® said today in urging Riverside County Board of Supervisors to approve the measure

PALM DESERT, CA - July 23, 2013 - (RealEstateRama) -- The average price of an existing home in the Coachella Valley rose $140,000 in June over June 2012 , the sixth consecutive home sales increase in this year, the California Desert Association of REALTORS® reported today.

EUGENE, OR - July 23, 2013 - (RealEstateRama) -- The constantly growing group of real estate professionals creating easy-to-use websites has grown yet again, as IDX, Inc. welcomes Mammoth Village Properties, Patricia Koepsell to the team. Located just outside of Mammoth Lakes, California, Mammoth Village Properties boasts a wonderful relationship with Mammoth Lakes MLS (MLBOR). Thanks to the thousands of listings on the MLBOR database, Koepsell is able to integrate area listings with his own properties, creating a unique pool of homes for his clients to search.

EUGENE, OR - July 23, 2013 - (RealEstateRama) -- Today's addition of realtor Linda Robinson with First Fairway Realty to the IDX, Inc. family is a great one for both parties. Robinson’s Menifee, California community listings are paired with the California Regional MLS (CRMLS), to bring her clients the most up-to-date and extensive property listings in the area. Her custom IDX solution gives Robinson the opportunity to grant potential home buyers access to thousands of homes online.

IRVINE, CA - July 22, 2013 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that William B. Asher and Kevin T. Fryman represented the seller in the sale of a two-tenant NNN ground lease investment occupied by Jiffy Lube and Rally’s Hamburgers in Hawthorne, Calif. The purchase price was $3,435,000, which represented a 6.0% capitalization rate

Washington, D.C. - July 22, 2013 - (RealEstateRama) -- This morning, Rep. Mike Honda (D-Calif.) announced the awarding of $2.8 million in grants from the Department of Veterans Affairs to aid homeless and at-risk veterans and their families in Silicon Valley. The funding will be spread across three organizations in the region – the Emergency Housing Consortium of Santa Clara County, Goodwill Industries of Santa Clara County, and Abode Services in Fremont.

Washington, DC - July 19, 2013 - (RealEstateRama) -- House Democrats, led by Financial Services Committee Ranking Member Maxine Waters, today released a “set of critical core principles” they believe should be part of legislative efforts to address the future of housing finance reform. Since the beginning of the 113th Congress, Democrats on the Financial Services Committee have held a series of briefings, roundtables, and caucuses on housing finance reform. As a result of this work, Committee Democrats have developed principles to guide their consideration of any housing finance reform proposals.

WASHINGTON, D.C. - July 19, 2013 - (RealEstateRama) -- An estimated 41,027 new and resale houses and condos sold statewide last month. That was down 6.9 percent from a revised 44,087 in May, and down 3.5 percent from 42,513 sales in June 2012, according to San Diego-based DataQuick.

EUGENE, OR - July 19, 2013 - (RealEstateRama) -- The IDX, Inc. team is pleased to welcome their newest client addition of Veneeta Chan with Veneetarealty.com in La Mesa, California, in conjoining with the growing list of elite rank real estate professionals using their primary application, IDX Broker. These innovative and advanced IDX search tools, once integrated into Chan’s website, will grant potential home buyers direct and immediate access to an abundant amount of the most current and up-to-date property listing information within her local Multiple Listing Service (MLS), the San Diego Regional MLS (Sandicor), and all without ever having to veer from her web pages

EUGENE, OR- July 19, 2013 - (RealEstateRama) -- Linda Marcum with Troop Real Estate Inc. in Simi Valley, California, has chosen to employ IDX, Inc. to give her website a more personalized, user-friendly and simple look and feel. Setting her above and beyond her competitors, this custom IDX solution will enable potential home buyers to execute the most comprehensive and helpful online real estate search possible, with the way that this Internet Data Exchange (IDX) software extracts raw data from the California Real Estate Technology Services (CARETS), and then formats the information to be viewed by consumers as though it is a seamlessly integrated and easily searchable part of Marcum’s web pages

LOS ANGELES, CA - July 18, 2013 - (RealEstateRama) -- Today Los Angeles County Chief Deputy Assessor Santos Kreimann released the 2013 Los Angeles County Assessment Roll. The assessment roll reflects the value of all taxable property in Los Angeles County in accordance with the California Constitution.

LOS ANGELES, CA - July 18, 2013 - (RealEstateRama) -- Demonstrating the proliferation of mobile technology into nearly every facet of our lives, more than eight out of 10 home buyers are accessing home information on their smart phones and computer tablets, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Survey of California Home Buyers.”

Torrance, CA - July 17, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed the $17 million sale of a 202,838-square-foot industrial building

LOS ANGELES, CA - July 16, 2013 - (RealEstateRama) -- California home sales pulled back in June as home prices continued to climb, with most regions posting healthy double-digit year-over-year gains and the statewide median price maintaining above the $400,000 mark for the third straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.

EUGENE, OR - July 16, 2013 - (RealEstateRama) -- IDX, Inc. brings its time-saving and easy-to-navigate search tools to Simone Koga with Paragon Real Estate Group website in San Francisco, California, enabling her to provide her clients with the most unique, resourceful and user-friendly online real estate search on the web. This custom IDX solution incorporation provides Koga with a mode for instantly linking potential home buyers to an endless amount of the most current and up-to-date property listing information on the San Francisco market. IDX Broker has the technology to extract raw data from the San Francisco MLS (SFARMLS), and then formats the information to be viewed as though it is a seamlessly integrated part of Koga’s web pages.

WASHINGTON, D.C. - July 16, 2013 - (RealEstateRama) -- The Riverside office of Lee & Associates, the nation’s largest broker-owned commercial real estate firm,...