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 {...}

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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 {...}

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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 {...}

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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 {...}

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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 {...}

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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 {...}

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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 {...}

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Sales of Existing Homes Slump

Posted: 10/29/2013

The pace of the real estate recovery has hit a road bump as sales of existing homes last month dropped to a three year low. The National Association of Realtors reported this week that home sales slumped 5.6 percent during the month of September, {...}

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Housing Recovery Threatened

Posted: 10/03/2013

The government shutdown has begun influencing the mortgage market, which in turn is threatening the fragile housing market recovery. Although initially it was believed that the housing market would not be adversely affected by the government {...}

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29 percent of homes still underwater

Posted: 9/10/2013

While the US housing market continues with a slow, mending recovery, new reports from Zillow estimate that 12 million US homeowners still owe more on their mortgage than what their home is worth. Those 12 million US homeowners represent almost 30% of all Americans who hold a mortgage, and will likely still be underwater for years to {...}

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