Menlo Park Real Estate News
Real Estate news for Menlo Park, CA continually updated from thousands of sources.
Tuesday | via Pacifica Riptide
Recently, a few $4 million homes have been constructed in Pacifica. I understand the lure of it: a beautiful view up on a hill that overlooks a gorgeous ocean. Comment?
15 hrs ago | via Business Wire
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 376,480 units in November, according to information collected by C.A.R. from more than 90 local REALTORA associations and MLSs statewide. Sales in November were down 5.3 percent from a revised 397,400 in October and down 3.4 percent from a revised 389,580 in November 2013. Comment?
Yesterday | via The Bennington Banner
This Monday, July 14, 2014 file photo shows a home for sale in Alameda, Calif. A booming economy has minted crowds of would-be homebuyers, drawn by low interest rates and pushed by rising rents, but the latest home sales report shows they're stuck once again in a competitive market marked by bidding wars and all-cash buyers, pushing prices ever higher. Comment?
Monday | via Patch.com
Los Altos leads the nation as the most expensive housing market, compared with almost 2,000 other markets across the U.S. Recent numbers for communities throughout the country puts Los Altos home prices at an average of $1,963,099. #1 Los Altos: $1,963,099 #3 Saratoga: $1,867,979 #4 Redwood City/Woodside: $1,430,329 #5 Los Gatos: $1,307,408 #7 Sunnyvale: $1,267,184 #9 San Mateo: $1,093,346 Only one of the top 10 communities was located outside California - #10 Wellesley, Mass., where the average home price is $1,090,088. Comment?
Tuesday | via Contra Costa Times
This Monday, July 14, 2014 file photo shows a home for sale in Alameda, Calif. November home sales across the Bay Area slid to the lowest level in six years while the median price buyers paid for all types of homes barely moved, according to a report Tuesday. Comment?
9 hrs ago | via Housing Wire
An opposite day version of Christmas comes early to the U.S. Department of Housing and Urban Development , as community groups in several cities including Los Angeles, San Francisco, and Boston will present local HUD officials with their "Grinch of the Year" award for refusing to fix a controversial program that auctions off the ownership of homes of troubled borrowers, which the advocates say is driving foreclosures. The community groups are calling for changes to the Distressed Asset Stabilization Program, created in 2012 by the Federal Housing Administration. Comment?
16 hrs ago | via Business Wire
Designed to ... )--Fifth Third Bancorp today announced the appointment of Katherine B. Blackburn, executive vice president of the Cincinnati Bengals, to the Bancorp Board o... )--The Maryland Health Care Commission has recognized Cigna as the top-performing Preferred Provider Organization-type plan in 2014, based on f... )--Hershey is the first to bring a 3-D chocolate candy printing exhibit to the public. Comment?
Tuesday | via Los Angeles Times
The California Assn. of Realtors is predicting prices will grow 5.2% statewide next year, the slowest pace since 2011. Comment?
Monday | via News Max
California's Department of Motor Vehicles is bracing for a massive increase in demand when it begins issuing driver's licenses to illegal immigrants starting Jan. 2. The agency has hired close to 900 new workers, expanded its hours and opened four new field offices in order to deal with the more than 1 million applications that are expected from illegals. Gov. Jerry Brown signed legislation authorizing the change in October 2013, and since then, state officials have been urging residents who are illegally in the country to apply for driver's licenses. Comment?
Thursday Dec 11 | via San Bernardino County Sun
First-time home buyers have caught a break, thanks to a 3 percent down payment program re-introduced by mortgage giants Fannie Mae and Freddie Mac. They have accepted 5 percent down payments but larger ones have been the general rule since funky mortgages issued during the last decade helped trigger the Great Recession. Comment?
6 min ago | via Business World
The U.S. credit union regulator said on Wednesday it filed a lawsuit against U.S. Bank and Bank of America over mortgage securities sold in the years leading up to the financial crisis. The National Credit Union Administration said the banks broke state and federal laws by failing their duties as trustees for 99 residential mortgage-backed securities trusts. Comment?
7 min ago | via Community Advocate Newspaper
I want to wish you all a happy holiday season and prosperous new year! As I look back, the 2014 real estate market showed signs the market is back! Our housing inventories have decreased and buyers are looking for new inventory, indicating that 2015 will be a robust and great year for real estate. A special thank-you to all my clients for choosing me as their Realtor, and for making 2014 another successful year. Comment?
2 hrs ago | via This Is Money
Fixing at a low rate for a decade sounds tempting but long term fixed rate mortgages can be off-putting because of early repayment charges. Lenders will often charge an exit fee if you want to leave your mortgage before the end of the deal period. Comment?
2 hrs ago | via This Is Money
Nationwide Building Society has come under fire from a commercial property owner in Somerset who feels it is bullying him after a recent damning valuation. Richard Hearn owns Lobsgrove Park, an industrial business park site mainly used by firms in the motor industry in Wellington, just outside of Taunton. Comment?
4 hrs ago | via Sydney Morning Herald
The housing market is heading into the end of the year with "substantial momentum", but faces a geographical shift in 2015. "While values are still rising at a healthy rate, at least at a high level and in trend terms, we anticipate that 2015 will see the housing market dynamic shift geographically," Tim Lawless, head of research at CoreLogic RP Data, said on Thursday. Comment?
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