Palm Springs Real Estate News
Real Estate news for Palm Springs, CA continually updated from thousands of sources.
Monday Dec 15 | via San Gabriel Valley Tribune
Home sales across Southern California sank to their lowest level for a November in seven years and prices showed more signs of flattening as the market's slump dragged on, according to data released Monday from CoreLogic DataQuick. Sales of new and previously owned houses and condominiums fell 9.5 percent from a year ago in the six-county region with Los Angeles, San Bernardino and Riverside counties posting the biggest declines at 10 percent. Comment?
Friday Dec 5 | via Lake Elsinore Valley News
The strong Pacific storm that hit Southwest Riverside County this week caused power outages to almost 7,000 homes in Menifee, Canyon Lake, and Lake Elsinore, as well as other surrounding cities in Riverside County. The outage left 5,886 homes without power in Menifee, as well as businesses, strip malls, commercial buildings, and Mount San Jacinto College. Comment?
Wednesday Nov 26 | via Victorville Daily Press
A drop in distressed housing stock could be a partial reason for the modest decline in Inland Empire home sales over the past year, according to a report by Chmura Economics & Analytics presented this week. The County of San Bernardino Workforce Investment Board commissioned the Richmond, Virginia-based consulting firm to prepare an analysis of economic trends and forecasts for San Bernardino and Riverside counties over the next two years. Comment?
Nov 21, 2014 | via Lake Elsinore Valley News
Realtors across the country were recently called upon to take action with their Congressional representatives urging leaders in the House and Senate to bring H.R. 2994, "The Mortgage Debt Forgiveness Tax Relief Act," to a vote as soon as possible in the "lame duck"' session of Congress. Every day that Congress fails to bring certainty on the expired tax provisions, more homeowners are faced with the awful choice between a tax bill they are unable to pay and losing their home to foreclosure. Comment?
Nov 21, 2014 | via Lake Elsinore Valley News
The median price of a single-family home in Riverside County edged up 2 percent last month, while sales of existing homes remained flat, the California Association of Realtors reported today. On a year-to-year level, the October 2014 price was roughly 9 percent higher than the $296,640 median price in October 2013, according to CAR. Comment?
Yesterday | via San Diego NewsCape
A Northern California real estate investor pleaded guilty for his role in bid rigging and fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced. Charles Rock was indicted on Dec. 3, 2014, in the U.S. District Court for the Northern District of California in Oakland, California. Comment?
Wednesday | via Inside Bay Area
Antioch City Council recently voted to take steps that will create an additional incentive for residents to make home improvements that reduce their water and electricity consumption. Once the city has completed some paperwork, homeowners will be able to install such amenities as heat-reflective roofing, insulation or artificial lawns without having to shell out tens of thousands of dollars upfront or wait decades to recoup their investment through energy savings. Comment?
Tuesday Dec 23 | via Business Wire
California pending home sales dropped in November, with the Pending Home Sales Index * falling 13.4 percent from a revised 104.8 in October to 90.7 in November, based on signed contracts. The monthly decline was on par with the average October-to-November monthly change of -13.1 percent observed in the last six years. Comment?
Monday Dec 22 | via Business Wire
1, 2005 and maturing Aug. 1, 2021 and 2022 , 2031, 2033 and 2035 . These bonds were refunded on Nov. 25, 2014 with proceeds of the State's Tax-Exempt Various Purpose General Obligation Refunding Bonds. Comment?
Sunday Dec 21 | via San Bernardino County Sun
The Inland Empire's housing market - dormant for the better part of the past decade - appears to be stirring, with new construction sites sprouting throughout the region, and sales are underway in the first post-recession development in Ontario's ambitious New Model Colony , where as many as 50,000 new homes are expected to be built over the next 20 years. “In 2014, a lot of people have been sitting on the sidelines, and 2015 is the year they're going to get back in the game,” said Randall Lewis, executive vice president of the Lewis Group of Cos., a major Inland Empire developer. Comment?
1 min ago | via Patch.com
Santander Bank is under scrutiny while Massachusetts Attorney General Martha Coakley investigates the bank's records for evidence of fraudulent behavior. The Massachusetts Attorney General's Office has subpoenaed Santander Bank's U.S. auto finance company for its borrowers credit histories, the interest rates they were charged and loan risks, according to The Boston Globe. Comment?
8 min ago | via WTSP-TV Saint Petersburg
A son handed his mother and father a present that made them weep: A note letting them know he'd paid off their mortgage. Son's Christmas gift leaves parents in tears A son handed his mother and father a present that made them weep: A note letting them know he'd paid off their mortgage. Comment?
8 min ago | via GuruFocus.com
Recently I have written about the head-scratching, never-ending, multi-decade decline in long-term interest rates . Who should care? Well, just about anybody, if you bear in mind the structure of interests rates impacts the cost of borrowing on mortgages, credit cards, automobiles, corporate bonds, savings accounts, and practically every other financial instrument you can possibly think of. Comment?
11 min ago | via Patch.com
Two Palm Springs International Film Festival sponsors are holding travel contests for festival-goers, the event's organizers announced Friday. Attendees at the festival, which runs from Jan. 2 through Jan. 12, can enter to win a trip to Mexico from Alaska Airlines or a trip to the 2016 film festival from Vacation Palm Springs, which handles vacation rentals. Comment?
18 min ago | via Mediaite.com
A foundation dedicated to taking care of injured or fallen service members and their families is raising money for the families of Rafael Ramos and Wenjian Liu , the two NYPD officers who were fatally shot last week. The Stephen Siller Tunnel to Towers Foundation announced this week they would be raising money to help the Ramos and Liu families pay for the mortgages on their homes, with the aim of raising a total of $800,000. Comment?
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