Home Prices Will See Triple-dip

Posted: 11/07/2011

The financial analytics company Fiserv is estimating that home values will fall another 3.6% by next June, pushing them to a median price of 35% below the housing peak from 2006. Many factors, including rising foreclosure activity and continuing high unemployment are working against an already weak housing market. The housing market {...}

Read full article...

Many Homes Could Be Upside Down Forever

Posted: 10/21/2011

Housing Market UnsteadyBuilding debt in the US and overseas is still fueling the negative and stagnant growth seen in the housing and consumers markets. The similarity between today's economic woes and those seen during the great depression and Japan's recession {...}

Read full article...

California Withdraws From Negotiations

Posted: 10/07/2011

HousesCalifornia withdrew from settlement negotiations with the major banks last week amid inadequate offers by the banks to help California homeowners. A potential deal would allow the banks to gain some legal protection against claims of {...}

Read full article...

Fed Tries to Revive Sluggish Economy

Posted: 9/22/2011

Mortgage ApplicationThe Federal Reserve announced this week that it will try to boost the economy by lowering long-term interest rates in a stimulus known as "Operation Twist". Operation Twist will allow the Fed to shuffle $400 billion of its {...}

Read full article...

Late Mortgage Payments Rise

Posted: 9/01/2011

The number of U.S. mortgages overdue by 30 days have risen to the highest levels in over a year as homeowners struggle to make their payments. In a normal housing market the number of homeowners who are delinquent is about 1.1 percent, according to the Mortgage Bankers Association. During the second quarter of this year however, that {...}

Read full article...

Home Prices and Sales Fall in July

Posted: 8/17/2011

California Home Pricing DropThe newest data released by DataQuick shows that the median price paid for purchased homes in California dropped 0.4% to $252,000 last month. Comparatively, this is a 6% drop compared to the July of last year. Distressed properties, {...}

Read full article...

August Market News

Posted: 8/04/2011


New Survey Finds Lenders Making Minimal Improvements

A new survey released by the California Association of realtors is showing that 77% of realtors classify closing a short-sale transaction as "difficult" or "extremely difficult". The survey, which is a followup to similar survey from December 2010, shows that little {...}

Read full article...

New Law Protects Short Sale Hopefuls

Posted: 7/21/2011

Sacramento Capital BuildingCalifornia Governor Jerry Brown signed a law this week further protecting homeowners that are pursuing short sales. Senate Bill 458 bars first and secondary mortgage holders from going after people for deficiency balances after a short {...}

Read full article...

Foreclosure Reprieve

Posted: 6/30/2011

Foreclosure SignDistressed homeowners who are facing foreclosure are getting a little breathing room as the illegal processing of foreclosure paperwork by their lenders has stalled many foreclosure proceedings. In April, regulators gave banks 60 days to put in {...}

Read full article...

Prices Stutter, Sales Drag

Posted: 6/15/2011

California continued to have a weak housing market last month, according to the newest data from DataQuick. Affluent areas such as San Francisco, San Mateo and Santa Barbara saw an increase in both median prices and sales, but as a whole the state is still in {...}

Read full article...