Palm Desert Real Estate News
Real Estate news for Palm Desert, CA continually updated from thousands of sources.
Friday Jan 23 | via Lake Elsinore Valley News
The median price of a home in Riverside County rose by 7.1 percent in December, compared with the same month a year ago, while the number of homes sold jumped by 13 percent, a real estate information service announced on Jan. 14. According to CoreLogic DataQuick, the median price of a Riverside County home was $300,000 last month, up from $280,000 in December 2013. A total of 3,466 homes were sold in the county, up from 3,068 during the same month the previous year. Comment?
Friday Jan 16 | via Patch.com
Foreclosure activity in Riverside County dropped 16 percent last year, but despite fewer houses going on the auction block, the county remained one of the leading foreclosure markets in the state, according to figures released Thursday by a real estate tracking firm. In 2014, a total 10,850 mortgage default notices, auction sale notices and bank repossessions were recorded countywide. Comment?
Friday Jan 16 | via The Press-Enterprise
Blomquist expects to see more homeowner confidence in the market in 2015 as a result, and it's likely that builders will be pouring more slabs for new home construction. "I think we're at a point where nobody is concerned that there is enough foreclosures lurking out there that it will derail the housing recovery," Blomquist said, adding this spoiler alert: One last gasp of foreclosure activity is at the doorstep, and likely to hit in the middle of the year. Comment?
Thursday Jan 15 | via CBS Local
RIVERSIDE - Foreclosure activity dropped markedly last year in Riverside County, but the region remains one of the leading foreclosure markets in the state, according to figures released Thursday by a real estate tracking firm. In 2014, a total 10,850 mortgage default notices, auction sale notices and bank repossessions were recorded countywide, a 16.29 percent drop from 2013 - and 84 percent lower than in 2009, the year market analysts agree was the worst of the Great Recession in many locations. Comment?
Wednesday Jan 14 | via The Orange County Register
The median home price - the price at the midpoint of all sales - was $591,000 for housing deals that closed in December. The Orange County housing market ended 2014 on a so-so note, with home prices up a little, sales trending downward and another lackluster year forecast for 2015. Comment?
4 hrs ago | 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?
7 hrs ago | 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?
15 hrs ago | via CNN
That's according to a new report from RealtyTrac, which estimates that 7.3 million so-called "boomerang buyers" will return to the U.S. housing market over the next eight years. Foreclosures and short sales skyrocketed after 2007 during the darkest years of the financial crisis and Great Recession. Comment?
Sunday | 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?
3 min ago | via Hotel Interactive
Azul Hospitality Group announced that Mark Crisci joined the company as Principal and Chief Investment Officer. As a seasoned industry veteran, Crisci will be responsible for expanding the company's property portfolio through direct investments and third party management relationships as well as assisting in charting overall future company direction. Comment?
5 min ago | via Business Journal
Solutionstar Holdings LLC, the Lewisville-based subsidiary of Nationstar Mortgage Holdings Inc., announced it has closed a $36 million deal to acquire Experience 1 Inc. Solutionstar, which provides technology to homebuyers, home sellers, real estate professionals and mortgage loan companies, announced in November its intention to purchase Title365, a subsidiary of Experience 1. The transaction allows Solutionstar to expand its technology offerings. "Acquiring Title365 underscores Solutionstar's commitment to significant, sustained investments in innovation resulting in new technologies, products and third-party business," said Solutionstar CEO Kal Raman . Comment?
6 min ago | via Business Journal
D.R. Horton is one of the homebuilders in North Texas building more speculative homes to keep up with demand in the region. Photographer: Daniel Acker/Bloomberg Despite some difficulties in the national housing market, Dallas area home prices continued to rise in November by 7.7 percent year-over-year, according to the latest S&P/Case-Shiller report. Comment?
Dec 31, 2013 | via Business Wire
Annualized return on average assets was 0.93% in December 2014 quarter compared with 0.81% in last year's quarter Annualized return on average common equity for December 2014 quarter at 10.91% versus 8.83% in December 2013 quarter Net interest income up 7% as the result of substantial loan growth partially offset by a decline in the net interest margin Mortgage revenues up 43% on increases in loans originated for refinancing and home purchase activity combined with an improvement in the net profit margin Non-interest income was bolstered by the partial insurance recovery of a fraud loss perpetrated by a commercial loan customer in fiscal 2013 and by increased profits on sales of SBA loans Deposits up $76.7 million, or 8%, on substantial growth in municipal and public entity deposits, and to a lesser extent, growth in commercial and retail deposits Book value per common share grew to ... (more) Comment?
9 min ago | via National Mortgage News
With conservatorship of Fannie Mae and Freddie Mac well into its seventh year, the government has now had control of the housing agencies longer than 47 members of the Senate have been office. This delay speaks volumes about the complexity and magnitude of the issue and the competing interests involved. Comment?
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