Home Prices Rise as Short Sales Increase

Posted: 9/11/2012

Revised data provided by the California Association of Realtors shows a shift in the housing market as foreclosures drop and short sales rise. Home prices during the first half of 2012 showed the strongest gains in six years, a clear sign that the US housing market has hit or is very near the bottom. The housing market remains far from {...}

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Has California truly bottomed out?

Posted: 8/20/2012

California's median home price has posted gains for the fifth consecutive month according to the newest data from real estate firm DataQuick. While sales fell 3.7%, which is attributed to a normal seasonal decline, the median home price rose 2.6% in July compared to the previous month of June. Even though the new numbers are {...}

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Older Americans Hit Hardest

Posted: 8/03/2012

A new report published by the AARP shows that older Americans have been the hardest hit during the sluggish economy and brutal housing market. More than 1.5 million older Americans have lost their homes to foreclosure, with roughly another {...}

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New Forecast Hints at Recovery Next Year

Posted: 6/20/2012

Economists at UCLA have released a new report forecasting that the housing market won't begin a full-fledged recovery until next year. A large increase in sales with a small jump in values is not enough to make economists believe that the market has already turned {...}

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One Third of LA County Homes Underwater

Posted: 5/24/2012

New housing data released by the real estate website Zillow shows that nearly 1 out of 3 homes in Los Angeles County owe more on their mortgage than their home is worth. Areas further away from city hubs show a larger portion of homes, up to 60% or more, {...}

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New Laws Set to Help Short Sales

Posted: 5/03/2012

New federal rules are set to help the short sale process become quicker for buyers and sellers. An estimated 11 million homeowners are underwater on their home and in June new policies will be put into place to keep banks from delaying short sale {...}

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CA Congressional Members Against Bulk REO Sales

Posted: 4/09/2012

Eighteen members of the California State Congress signed off on a letter to the Federal Housing Finance Agency urging acting director Edward J. DeMarco to not implement a bulk REO purchasing program. The program would allow more than 600 Fannie Mae owned foreclosed homes in Los Angeles and Riverside counties to be sold to investors, who {...}

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Have We Hit Bottom?

Posted: 3/22/2012

Have we hit the bottom of the marketWhile the question "have we hit bottom?" has sneaked its way to front page of every newspaper at some point for the past three years, new signs could indicate we are near the bottom of the housing market crisis. Home sales across {...}

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Good Financial Decisions

Posted: 3/05/2012

DecisionsAs the housing market started to fall into crisis between 2005 and 2006, many homeowners stopped paying on their monthly mortgage. Some homeowners simply could not afford their payments while others, who could afford their home mortgage but chose not to {...}

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Home Prices Drop in 4th Quarter

Posted: 2/24/2012

Home prices across the US fell 2.4 percent in the fourth quarter compared from a year earlier. Home prices in California fell 4.6 percent compared to the previous year, which means the state's home prices have dropped 44 percent on average in the past five years. With continuing home value woes, California ranks 9th as the worst home {...}

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