Hughson Real Estate News
Jan 27, 2015 | via RecordNET
Boomerang buyers, homeowners who fell into foreclosure or sold homes short during the housing crisis, may well emerge as a new force in the U.S. housing market over the next eight years as their credit report black marks fade into the past, RealtyTrac surmised Tuesday. The Irvine-based residential information firm estimated 7.2 million boomerang buyers may re-enter the home market this year through 2022, including 50,000 in San Joaquin County. Comment?
Nov 13, 2014 | via RecordNET
San Joaquin County foreclosure activity remained slow in October, nearly unchanged from September and down sharply from a year ago, real estate data firm RealtyTrac reported Thursday. It tallied 225 foreclosure-related legal filings - notices of default, trustee sales and bank repossessions - in October, just one more than the month before and more than 40 percent less than the 376 filings seen in October 2013. Comment?
Oct 28, 2014 | via RecordNET
San Joaquin County home prices are up from a year ago even though the share of distressed housing sales is among the highest in the country, RealtyTrac Inc. reported Tuesday. It's the result of solid demand and a short supply of available housing in San Joaquin County, known demographically as the Stockton metropolitan area, said Daren Blomquist, RealtyTrac vice president. Comment?
Tuesday Apr 7 | via Inside Bay Area
The California Supreme Court on Wednesday will consider how far cities can go in trying to provide more affordable housing across the state as housing prices and rents continue to soar. In a challenge to San Jose's five-year-old affordable housing ordinance, the state's high court will hold arguments in Los Angeles in a case that tests a policy tool now in place in cities stretching from Santa Monica to Napa. Comment?
Tuesday Mar 31 | via Inside Bay Area
The statewide housing crunch is raising prices and putting lower income groups into deeper financial straits as they attempt to keep up with housing costs, according to a new state report. "California's High Housing Costs: Causes and Consequences," released March 17 by the state Legislative Analyst's Office, examines the shortage of housing and says the state needs to revamp policies to build several hundred thousand new dwellings. Comment?
19 hrs ago | via Housing Wire
A mortgage loan officer in California was indicted by a federal grand jury on six counts of bank fraud relating to a mortgage fraud scheme wherein he allegedly submitted false and fraudulent loan applications to lenders. According to the indictment, in 2005 and 2006 while working for National City Mortgage , then a division of National City Bank , in Stockton, Mark F. Friend, 60, arranged loans for borrowers that contained numerous falsehoods. Comment?
Saturday Apr 18 | via Daily Kos
As Capital & Main explained : "It happens every spring: The start of baseball season and the Chamber of Commerce's assault on legislation designed to improve the lives of Californians - many of them our most vulnerable residents." This time, The California Chamber of Commerce put Assembly Bill 244 on their "Jobs Killer" list. Comment?
Friday Apr 17 | via WTVM
Are you considering selling your house this spring? Trulia is out with a list of hot and not so hot cities for home sales. The real estate website Trulia looked at the number of homes for sale on Feb. 5 and then the number still on the market April 5 and here's what they found. Comment?
4 min ago | via The New Zealand Herald
Getting a mortgage isn't always straightforward. The answer for many buyers is to use a mortgage broker or adviser. Comment?
6 min ago | via Business Journal
The mortgage for 1818 Market St. has officially been sold and a transaction to sell the Center City office tower for $203 million is scheduled to be finalized today, according to people close to the matter. The deal will mark a return to the Philadelphia market for Shorenstein Properties, a San Francisco company buying the building. Comment?
7 min ago | via South China Morning Post
CEO Raymond Li said the HKMC would cut the interest rate and increase the size of loans offered under the scheme. Photo: Dickson Lee The government-owned Hong Kong Mortgage Corp will extend its loan scheme for people starting up businesses for three years to June 2018, its chief executive, Raymond Li Ling-cheung, said on Tuesday. Comment?
34 min ago | via 900 CHML AM
Derek Doyle says he trained to be a real estate agent during the recession with the mind set that if he could survive during a down economy, then he would be well situated when the economy bounced back. From working for a corporation, to launching his own business, Ambitious Realty Advisors, Doyle, hasn't let his fear get in the way of success. Comment?
35 min ago | via Ago.state.co.us
In honor of National Crime Victims' Rights Week , Colorado Attorney General Cynthia H. Coffman today announced a $1 million grant was awarded to the Rose Andom Center to finance its capital campaign. Funds from the National Mortgage Settlement are being allocated to complete Colorado's first-ever center dedicated to addressing the well-being, self-sufficiency, and housing needs of thousands of domestic violence victims. Comment?
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