Equity loan defaults estimated to rise

Posted: 10/10/2014

Many homeowners who purchased their property or took out a home equity line between 2004 and 2008 may be in for a shocking surprise. Those who received loans with interest only payments {...}

Read full article...

Chinese builder to invest in California Housing

Posted: 9/09/2014

Chinese home builder Landsea is taking steps towards investing over $1 billion into the US housing market. This new venture could be the first in a new wave of Chinese investors seeking what they believe to be a more stable US housing market. Individual Chinese investors have been pouring money into the California housing market in {...}

Read full article...

More help for Short Sales

Posted: 8/06/2014

Distressed California homeowners who wish to pursue a short sale may qualify for relocation funds under the Transition Assistance Program (TAP). The TAP program is a state funded venture through CalHFA, which offers up to $5000 in transition assistance. These funds may be used in addition to any other assistance programs such as the {...}

Read full article...

Spring cool-off eases new housing bubble fears

Posted: 7/01/2014

Real-estate marketplace Trulia released its quarterly "Bubble Watch" housing report last week, which showcases the top metro areas that are considered most overvalued. While the country as a whole appears to be in stable condition, prices in California have taken a large swing into overvalued territory. Eight of the ten most {...}

Read full article...

Home equity woes linger

Posted: 5/20/2014

Nearly 10 million homeowners in the US are still stuck in homes valued lower than what they owe on their mortgage. According to a new report released by real-estate information company Zillow, 18.8% of homeowners are still considered "under water", or owing more on their mortgage than what their home is worth. While this is a vast {...}

Read full article...

SoCal areas rank most overvalued

Posted: 4/04/2014

Orange County, Los Angeles and the Inland Empire are among the top five most overvalued housing markets in the US according to a new study published by Trulia. These areas are where the price of housing have far outpaced average income. Because of the rise in interest rates, new mortgage rules and slow growth in paychecks, many past {...}

Read full article...

Distressed sales rise in 2014

Posted: 3/04/2014

For seven straight months distressed properties, or those properties who are worth less than the amount owed on the mortgage, have made up roughly 20% of total property sales according to the newest data from the California Association of Realtors. Coastal counties have seen the greatest stabilization, with places like Los Angeles, San {...}

Read full article...

December sales down

Posted: 1/31/2014

California encountered a sleepy housing market for the month of December, according to the most recent data from the California Association of Realtors. While many areas saw a fury of sale and price increases during the summer months, as we entered the fall and winter period sales started to slump. Higher home prices and an uptick in {...}

Read full article...

California homeowners get holiday gift

Posted: 12/18/2013

The Mortgage Forgiveness Debt Relief Act (MFDRA), which is set to federally expire at the end of this year, has been circumvented by a clarification of California laws and statutes. The MFDRA is a government bill that offers relief to {...}

Read full article...

Loan resets could cause future trouble

Posted: 11/20/2013

Mortgage experts, the Federal Reserve and economists are starting to worry that billions of dollars of home equity credit lines taken out by homeowners during the housing boom will begin to reset starting next year. When the housing market {...}

Read full article...