Lakewood Real Estate News
Real Estate news for Lakewood, CA continually updated from thousands of sources.
Friday | via American Reporter
Readers who see three YouTube videos on our front page this past week must be curious. Has The Americzan Reporter become tabloid? Is the editor out of his mind? There is a simple explanation, and it is a news-related one. Comment?
Monday Jan 19 | via Dr. Housing Bubble Blog
Rents and housing prices unaffordable to middle class in Los Angeles: The typical LA renter needs to earn $33 an hour just to afford a basic apartment. Last year there was a report highlighting that LA and Orange County ranked number one in being the bubbliest housing markets in the US. Comment?
Wednesday Jan 14 | via Pasadena Star-News
Southern California's housing market fizzled in 2014 with sales falling 9 percent from a year earlier and price gains narrowing, CoreLogic DataQuick said Wednesday. December did bring some encouragement though, as sales of new and previously owned houses and condominiums rose 4 percent from a year earlier, the company said. Comment?
Wednesday Jan 14 | via Patch.com
The median price of a home in Los Angeles County rose by 7 percent in December, compared with the same month a year ago, while the number of homes sold jumped by 3.5 percent, a real estate information service announced today. According to CoreLogic DataQuick , the median price of a Los Angeles County home was $460,000 last month, up from $430,000 in December 2013. Comment?
Mar 12, 2013 | via The Daily Breeze
Tired of unfulfilled promises to redevelop Ports O' Call on San Pedro's waterfront, a group of real estate agents has banded together to form a new nonprofit advocacy group in hopes of putting more pressure on the port to get it done. The group contends the waterfront - especially Ports O' Call - is ultimately the linchpin to raising the status and economic well-being of the port town. Comment?
Yesterday | via Seeking Alpha
Royal Bank of Canada just announced another big move into the US. In a deal expected to close in the fourth quarter of 2015, Royal is acquiring City National Bank, a California-based full-service bank catering to high net worth clients across a wide variety of industries. Comment?
Thursday Jan 22 | via National Mortgage News
Rising home prices have helped the nation's homeowners by increasing equity and lifting more of them out of 'underwater' mortgage situations - where the combined loan amount owed is higher than the home's estimated market worth. According to a new report released today by RealtyTrac Inc., a California-based real estate data firm, the number of properties in the United States that were 'seriously underwater,' that is, where the loan amount owed is at least 25 percent higher than the home's market value, dropped to 13 percent at the end of 2014. Comment?
Dec 19, 2013 | via Electrical Construction and Maintenance
A multi-institutional research team of scientists led by the U.S. Department of Energy's Lawrence Berkley Laboratory, in partnership with Sandia National Laboratories, universities, and appraisers found that home buyers consistently have been willing to pay more for homes with host-owned solar photovoltaic energy systems - averaging about $4 per watt of PV installed - across various states, housing and PV markets, and home types. This equates to a premium of about $15,000 for a typical PV system. Comment?
Sunday Jan 18 | via Pleasanton Weekly
California's regional housing markets ended the year with mixed results as statewide home sales inched up from a year ago for the first time in nearly a year and a half. According to a report by the California Association of Realtors, home sales were down on a statewide basis, with pockets of gains in sales activity, especially in Southern California and the Central Valley, where home sales were higher than the prior month and year. Comment?
Thursday Jan 15 | via GlobeSt.com
Due to its high quality modern design and construction, Tuscany Ridge is an ideal candidate for a value-add repositioning strategy, says one source. TEMECULA, CA-GlobeSt.com has exclusively learned that San Diego-based MG Properties Group has purchased the Tuscany Ridge Apartments in Temecula, CA for $39 million. Comment?
7 min ago | via Inman Real Estate News
For 15 years, you've heard about how the Internet was going to change everything in the real estate industry. Not too much has happened yet, right? Just wait - it will. Comment?
8 min ago | via Housing Wire
It appears that the "frustrating skirmish" between the State of California and Ocwen Financial over California's threat to suspend the mortgage license is over, at least for now. In a filing with the Securities and Exchange Commission, Ocwen confirmed that it reached a settlement agreement with the California Department of Business Oversight , which was threatening to suspend Ocwen's mortgage license because the company failed to turn over documentation showing that it complies with the state's laws. Comment?
8 min ago | via Housing Wire
The nonbank stands accused by mortgage bond investors of failing to properly collect payments on mortgage loans thereby breaching its bond covenants, but the company issued several statements Monday, in which the company strongly denies the charges and says it plans to "vigorously" defend itself against the claims. The nonbank also says that the group of investors, which reportedly includes BlackRock , MetLife , and Pimco, have a far different goal than it appears. Comment?
13 min ago | via Bloomberg
Royal Bank of Canada is the first major lender to lower mortgage rates after five-year bond yields fell in the wake of a surprise cut by the Bank of Canada last week, according to rate-monitoring websites. Royal Bank, the country's second-biggest lender by assets, offered a five-year fixed rate of 2.84 percent on Jan. 24, down from 2.94 percent last week, according to rate-tracking website Ratespy.com . Comment?
14 min ago | via ARLnow.com
Arlington's residential real estate assessments rose by 4.9 percent on average for 2015, but some of Arlington's lowest-income neighborhoods, which can least afford the corresponding rise in property taxes, are experiencing the biggest spikes. According to the trend map provided by the county's Department of Finance, the area hit hardest by the assessment rise was the southwestern-most part of the county, from Columbia Pike to the border with Alexandria . Comment?
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