Monterey Park Real Estate News
Real Estate news for Monterey Park, CA continually updated from thousands of sources.
11 hrs ago | 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?
20 hrs ago | via Lowell Sun
Sales of single-family homes in the region posted solid gains in December, wrapping up a year in which sales were challenged by low inventory levels. The Northeast Association of Realtors said this week that 272 single-family homes were sold last month in the 15-community region it covers along I-495 from Boxford to Littleton. Comment?
Tuesday Jan 27 | via Los Angeles Times
Home prices in Los Angeles and Orange counties climbed 5.1% in November from a year earlier, according to a leading gauge. The 12-month gain, seen Tuesday in the widely followed Case-Shiller index, is an acceleration from October, when L.A.-area prices rose 4.9%. Comment?
Monday Jan 26 | via Business Journal
Pending home sales in California achieved annual growth in December for the first time in two years, and realtors expect market conditions to improve this year, according to the California Association of Realtors. Pending home sales grew 2.6 percent last month to an index of 70.9 from the 69.1 index recorded in December 2013. 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?
7 hrs ago | via The Wave
In what has seemingly become an annual tradition, the New Year brought Californians more than just a hangover. 2015 welcomed an additional 930 new regulations, up from 2014. Comment?
15 hrs ago | via Hotel Business
Strategic Hotels & Resorts, Inc. has acquired the 250-room Montage Laguna Beach in California from an affiliate of Ohana Real Estate Investors LLC for $360 million, plus customary working capital adjustments. The company funded the acquisition, in part, through the issuance of 7,347,539 shares of common stock to an affiliated designee of the seller, priced at $13.61 per share, or an implied valuation of $100 million. Comment?
Yesterday | via Saratoga News
Photograph by Rose MeilySilicon Valley Association of Realtors 2015 president, Chris Isaacson, takes the oath of office, administered by California Association of Realtors 2013 president Don Faught, as the associationA s 2015 board directors look on. The Silicon Valley Association of Realtors' 2015 leadership team was installed on Jan. 14 at the Menlo Circus Club in Atherton. Comment?
Tuesday Jan 27 | via OpEdNews
Homeowner's Associations, created by deed provisions to serve homeowners in condominium developments, are often at odds with individual owners of units. Just last week, news out of New York reported that an HOA was suing a homeowner for parking his own pickup truck in his own driveway. Comment?
Tuesday Jan 27 | via WTHR-TV Indianapolis
Several dozen people with candles and protest signs gathered near the alley where Denver police officers fatally shot a 16-year-old girl, recalling her bright smile and demanding answers about the deadly encounter. Some residents are calling for a special prosecutor to investigate the Denver officers who shot and killed a 16-year-old girl who police say hit an officer with a stolen car. Comment?
7 min ago | via Digital Trends
The 100,000 visitors expected to travel to the Phoenix are for Sunday's Super Bowl will need a place to stay, likely for more than one night. Lots of hotels close to the stadium are sold out, and others just cost a lot of money. Comment?
8 min ago | via Independent.ie
Less than 400 family homes in Dublin are on sale for or under the Central Bank's new a 220,000 mortgage threshold for first-time buyers. Following the publication of new lending rules by the Central Bank earlier this week, first-home buyers are finding that the revised figures are the least of their worries as the lack of affordable housing in the capital comes to the forefront. Comment?
23 min ago | via Reuters
Call it old-school thinking but despite all the regulatory scrutiny and public slamming of the top three global rating agencies for their roles during the last real estate bust, their rating calls on the riskiest tranches of conduit commercial mortgage bond deals are still influential enough to impact pricing outcomes on transactions. Just last week when two competing deals priced their D classes with a 20bp differential, issuers, investors and analysts said the difference was simply because one had a Triple B minus rating from the one of the main credit rating agencies, while the other did not. Comment?
22 min ago | via Reuters
Romania's central bank rejected calls on Friday for a broad solution to cushioning Swiss franc borrowers, saying proposals such as intervening to strengthen the leu currency would hurt economic growth. The remarks by Governor Mugur Isarescu appeared designed to caution lawmakers against hurtling into unrealistic measures or putting pressure on the central bank to act, after the franc's sharp appreciation in January threatened hundreds of thousands of borrowers across Central and Eastern Europe. Comment?
23 min ago | via Business Wire
Investment Objective: The Fund seeks to provide a hi... )--Western Asset Emerging Markets Income Fund Inc. announces its portfolio composition as of December 31, 2014. Investment Objective: The Fund seeks high current... )--Western Asset Variable Rate Strategic Fund Inc. announces its portfolio composition as of December 31, 2014. Comment?
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