Lafayette Real Estate News
Real Estate news for Lafayette, CA continually updated from thousands of sources.
Friday May 22 | via East Bay Express
Stories you shouldn't miss: 1. A federal grand jury has opened a criminal probe into the cozy relationship between PG&E and the state agency that was supposed to regulate it - the California Public Utilities Commission , the Chron $ reports. As part of the probe, investigators served search warrants on the homes of former CPUC chair Michael Peevey and ex-PG&E executive Brian Cherry. Comment?
Thursday May 21 | via Santa Cruz Sentinel
April home sales in the Bay Area increased 13.5 percent from March totals and 2.4 percent from April 2014 sales. The 7,778 new and existing houses and condominiums sold in the region's nine counties is the second highest April total since 2006, only trailing April 2013, when 7,801 homes sold. Comment?
Wednesday May 20 | via The Campbell Reporter
A for-sale sign is posted in front of a home for sale on Feb. 23, 2015, in San Rafael. How high does this ladder stretch? With spring buyers vying for a limited number of properties, the median price for Santa Clara County homes reached yet another all-time high in April, climbing to $905,000. Comment?
Thursday May 21 | via San Jose Mercury News
A for-sale sign is posted in front of a home for sale on Feb. 23, 2015, in San Rafael. April home sales in the Bay Area increased 13.5 percent from March totals and 2.4 percent from April 2014 sales. Comment?
Saturday May 16 | via CBS Local
Sen. Marco Rubio cashed out most of his retirement savings while preparing to launch his bid for the Republican presidential nomination, records released Friday show. Rubio, 43, sold six retirement funds in September 2014 for $68,241.09, according to his personal financial disclosure statement. Comment?
Friday May 22 | via Daily Herald
There's plenty you can do to affect how much money you make on a home sale or spend on a purchase, according to Consumer Reports' recent survey of real estate pros. In a typical transaction, the money you stand to gain from making smart moves -- or lose from making poor ones--can be substantial, from 11 percent to 20 percent of a home's value, according to the survey. Comment?
Friday May 22 | via Banker & Tradesman
A new report from real estate data collector RealtyTrac shows U.S. foreclosure filings were up 3 percent in April compared with March and up 9 percent from the same time last year, reaching their highest levels in over a year. The U.S. foreclosure rate in April was one in every 1,049 housing units with a foreclosure filing, according to RealtyTrac. Comment?
Thursday May 21 | via Monterey County Herald
The University Village Apartments, an affordable housing development off Second Avenue in Marina, are under contruction in March 2014. Monterey >> Rising home prices so far this year have kept Monterey County home affordability at near-record lows, contributing to an increase in rents. Comment?
Wednesday May 20 | via Palo Alto Weekly
Home sales are provided by California REsource, a real estate information company that obtains the information from the County Recorder's Office. Information is recorded from deeds after the close of escrow and published within four to eight weeks. Comment?
Wednesday May 20 | via JD Supra
Policyholders seeking insurance funds to settle a case often face an insurer's demand that some amount should be allocated to uncovered claims or parties. The issue arises often under directors and officers liability policies, when settlements resolve the liability of covered directors and the uncovered company. Comment?
1 hr ago | via MarketWatch
U.S. investors took a cautious stance early on Thursday, with stock futures inching lower, as concerns about the timing of the first Federal Reserve rate hike hampered appetite for riskier assets. Speeches from two Fed officials, as well as readings on weekly jobless claims and pending home sales, are on the docket. Comment?
17 min ago | via NAFCU
NAFCU voiced appreciation for letters signed by well more than half of U.S. House members and dozens of senators urging the Consumer Financial Protection Bureau to allow credit unions and others a grace period in complying with new mortgage lending disclosures that kick in Aug. 1. Late last week, 254 members of the House signed a letter to CFPB Director Richard Cordray recommending the agency allow credit unions and other financials a grace period for enforcement and liability for institutions striving to make good-faith efforts to comply with the the Truth in Lending Act/Real Estate Settlement Procedures Act integrated mortgage disclosures rule. A similar letter was sent by 41 senators. Comment?
27 min ago | via WBNS
The drill should be familiar by now: A company or government agency -- like the IRS -- announces it's been hacked. Next thing you know, scamsters strike again. Comment?
27 min ago | via GlobeSt.com
Here is an interesting factoid about the commercial real estate bank lending market: Currently bank lending for construction and development is growing faster than lending for completed buildings, according to a soon-to-be released independent analysis by Chandan Economics of call reports filed by banks with the Federal Deposit Insurance Corp. This is in marked contrast with recent history, Sam Chandan , president and Chief Economist of Chandan Economics and an adjunct professor in real estate and public policy at the Wharton School of the University of Pennsylvania, tells GlobeSt.com . "Over the last year," he says, "the balance of construction loans held by banks has grown by nearly 15%." Comment?
30 min ago | via Business News
Royal Bank of Scotland could pay as much as $4.5bn to resolve claims of misconduct in its handling of U.S. mortgage securities , according to Bloomberg Intelligence. The FHFA, suing on behalf of government-owned lenders Fannie Mae and Freddie Mac, is seeking to add to more than $19bn it's already collected in settlements from 16 other banks. Comment?
Copyright © 2015 Topix LLC