Monterey Park Real Estate News
9 hrs ago | via Castanet.net
Los Angeles County coroner's investigators say the death of Getty oil heir Andrew Getty is most likely via natural causes or an accident. Coroner's Assistant Chief Ed Winter says the death Tuesday at a home in the Hollywood Hills appears to be natural, but it has been tentatively ruled an accident because of medication found at the scene. Comment?
13 hrs ago | via Glendale News-Press
Clear leaders in garnering endorsements from key Glendale organizations have emerged in the three upcoming races leading up to election day on April 7. In the race for Glendale City Council, real estate broker Vartan Gharpetian has been endorsed by 11 groups, while incumbent Councilwoman Paula Devine, a retired teacher, has secured backing from nine organizations. Both are endorsed by the Glendale Assn. Comment?
Thursday Mar 26 | via Los Angeles Times
Home prices have grown far faster than wages in Southern California over the last two years, a new report says. Home prices have grown far faster than wages in Southern California over the last two years, a new report says. Comment?
Wednesday Mar 25 | via The Heartland Institute
Important attention has been drawn to the shameful condition of middle income housing affordability in California. The state that had earlier earned its own "California Dream" label now limits the dream of homeownership principally to people either fortunate enough to have purchased their homes years ago and to the more affluent. Comment?
Wednesday Mar 25 | via Los Angeles Times
A Metro Gold Line train travels east from the city center as dusk descends on Los Angeles in October. The agency is considering a proposal to set aside some of its property for affordable housing development. Comment?
13 hrs ago | 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 San Diego Mortgage Report
I've probably funded over 400 VA home loans this decade; over 60 of those loans funded for condominium complexes not approved by the Veterans Administration. In Southern California, it's quite common along the coastal communities for buyers to look at condos, townhomes, or PUDs as lower-cost alternatives to single-family homes. Comment?
22 hrs ago | via Dr. Housing Bubble Blog
Pasadena and the art of marketing old homes: Los Angeles has many areas with very old homes and unsuspecting buyers purchasing into future cash outflows. People are desperately trying to find great deals on crap shacks . Comment?
Yesterday | via Mortgage News Daily
Home prices flattened on a month-over-month basis in January even as annual prices continued to increase S&P Dow Jones Indices said today. The Case-Shiller indexes for national as well as selected metropolitan areas changed only minimally from December, partially attributable to usually cold and wet weather according to the S&P monthly report. Comment?
Yesterday | via Forbes.com
I'm a staff writer at Forbes covering real estate: from ultra-luxury homes to foreclosures to the people making the deals happen. Until recently, I was a member of our Forbes wealth team, crunching numbers for our Forbes 400 and World's Billionaires lists. Comment?
9 min ago | via TheStreet.com
On Feb. 22, HLSS agreed to sell itself for $18.25 per share, or about $1.3 billion, to New Residential in an effort to diversify its funding sources as at least one major debt holder, Blue Mountain Capital Management, claims the mortgage servicer is in default on certain of its debt issues. While HLSS shares traded at a slight premium to that price for some three weeks after the deal was announced, they started slipping on March 17 and hit a post-merger announcement low of $16.23 on Friday. Comment?
11 min ago | via Worcester Telegram & Gazette
Even before the remnants of eastern Massachusetts' snowiest winter have melted, second-home buyers flocking to Cape Cod's beach towns have helped Steve Clay's team of agents break their sales record. Clay, an agent with Keller Williams Realty, said he and his four agents have 17 properties under contract, more than at any one time since the team formed in 2009. Comment?
12 min ago | via Business Journal
The site Bentley is buying on Vandenburg Boulevard is close to Route 23 and Allendale Road in King of Prussia, Pa. Known for its well-appointed million-dollar manses throughout the Main Line and Chester County, a homebuilder is taking a stab at apartment development. Comment?
15 min ago | via Miami Today
Despite four record-breaking years, residential prices are only now regaining their 2004 highs, according to Teresa King Kinney, CEO of the Miami Association of Realtors. During an address at the Greater Miami Chamber of Commerce South Florida Real Estate Summit last week on Jungle Island, Ms. Comment?
16 min ago | via Business Journal
Sales of vacation homes in 2014 surged to the highest level since at least 2003, when the National Association of Realtors began keeping track, jumping 57.4 percent from the previous year. Comment?
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