Palm Springs Real Estate News
Real Estate news for Palm Springs, 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?
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?
Dec 19, 2013 | via Electrical Construction and Maintenance
A multi-institutional research team of scientists led by the U.S. Department of Energy's Lawrence Berkley Laboratory, in partnership with Sandia National Laboratories, universities, and appraisers found that home buyers consistently have been willing to pay more for homes with host-owned solar photovoltaic energy systems - averaging about $4 per watt of PV installed - across various states, housing and PV markets, and home types. This equates to a premium of about $15,000 for a typical PV system. Comment?
Sunday Jan 18 | via Pleasanton Weekly
California's regional housing markets ended the year with mixed results as statewide home sales inched up from a year ago for the first time in nearly a year and a half. According to a report by the California Association of Realtors, home sales were down on a statewide basis, with pockets of gains in sales activity, especially in Southern California and the Central Valley, where home sales were higher than the prior month and year. Comment?
Thursday Jan 15 | via GlobeSt.com
Due to its high quality modern design and construction, Tuscany Ridge is an ideal candidate for a value-add repositioning strategy, says one source. TEMECULA, CA-GlobeSt.com has exclusively learned that San Diego-based MG Properties Group has purchased the Tuscany Ridge Apartments in Temecula, CA for $39 million. Comment?
5 min ago | via The Times
With the local economy improving - job growth and productivity are up - the housing market is beginning to return to form. Inventory is down and sales prices are up. Comment?
12 min ago | via Blown Mortgage Blog
If you have purchasing a home on your to-do list in the next five years or so, the time to start getting ready is now. You might wonder why you should be so concerned with something that is not going to happen for several years, but proper planning will help you reach your goals. Comment?
19 min ago | via AmericanBankingNews.com
New York Community Bancorp announced a quarterly dividend on Monday, January 26th, American Banking and Market News reports. Shareholders of record on Monday, February 9th will be given a dividend of 0.25 per share on Friday, February 20th. Comment?
27 min ago | via South Bend Area Blog
HGTV is a major influence on how popular culture thinks of real estate and helps shape popular design trends with shows that include Love It Or List It , Property Brothers and House Hunters . They've made my job easier by giving buyers a script to follow when looking at homes and bringing entertainment and enthusiasm to real estate sales. Comment?
30 min ago | via Independent.ie
THE mortgage-switcher war has intensified, with Bank of Ireland planning to give cash back to those who move their home loan to it. The bank said it would give owner-occupiers 1pc of their mortgage amount when they switch as a contribution towards the fees involved in the process. Comment?
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