Sacramento Real Estate News
Tuesday | via Noozhawk
Even though housing prices fell on the South Coast during the Great Recession, home prices are now back up with the median single-family home price over $1 million and the median condo price over $500,000. The vast majority of South Coast residents continue to struggle to find adequate, affordable housing. Comment?
Tuesday Mar 24 | via CBS Local
CBS13 CBS13 is getting answers. See latest Sacramento, Stockton and Modesto news and weather from CBS13 News. Comment?
Tuesday Mar 24 | via Business Journal
Marketplace 99 in Elk Grove sold for about $42.5 million. Tenants include Anna's Linens, Hobby Lobby, Ross Dress For Less, Famous Footwear and Staples. Comment?
Monday Mar 23 | via Sonoma Index Tribune
The on-going local effort to rein in vacation rentals - or at least get them to pay their fair share - reached the state level last week when state Sen. Mike McGuire, whose district includes much of Sonoma Valley, introduced legislation in Sacramento to make it easier to collect so-called "bed taxes" on short-term renters. The measure, Senate Bill 593 , is titled the Thriving Communities and Sharing Economy Act, and according to McGuire the premise is simple: to "reinforce local laws already on the books." Comment?
Friday Mar 20 | via News10.net
It's the spring real estate season in greater Sacramento. The last few years have been so up and down it's made buyers and sellers dizzy. Comment?
8 hrs ago | via Mountain View Voice
Although the practice is completely legal and widely accepted in California, it seems impossible for one real estate agent to zealously represent both the buyer and the seller in the same transaction, even when the situation is properly disclosed. Simply too much conflict of interest exists. Comment?
Tuesday | via Contra Costa Times
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?
Tuesday | 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?
Tuesday | 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?
Tuesday | 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?
11 min ago | via KIMA
The wow factor for Miami's skyscraper condos no longer comes from a dazzling Atlantic Ocean view. It takes something more audacious to sell beachfront property these days to the global ultra-wealthy who arrive in Miami with millions to spend on second or third homes. Comment?
14 min ago | via Alaska Journal of Commerce
More than 90 percent of homebuyers begin their search online. The overwhelming site they rely on is Zillow which today produces over 100 million "Zestimates" of home values based upon available public information and reports from the real estate industry on sales. Comment?
17 min ago | via West Australian
Perth-based AFG, the nation's biggest mortgage broker, says it processed a record $5.2 billion in mortgages last month covering 11,235 home loans. The figure represents a massive 29 per cent increase on the same month last year and was driven by soaring property investment activity in Sydney and Melbourne. Comment?
18 min ago | via Los Gatos Weekly-Times
Photograph by Rose MeilyJohn Woodfin, a loan officer with EverBank, and Nancy Simon, a loan officer with Princeton Capital, recently informed agents on requirements of the TILA RESPA Integrated Disclosure rule, which goes into effect August 1. Both Woodfin and Simon are affiliate members of the Silicon Valley Association of Realtors. Members of the real estate industry are getting ready for a new regulation scheduled to take effect this summer that requires changes to the traditional mortgage loan acquisition process. Comment?
18 min ago | via Business Wire
A conference call wil... )--AXIS Capital Holdings Limited today announced that AXIS Accident & Health has acquired Ternian Insurance Group LLC, a leading pro... )--Horsehead Holding Corp. today issued an update on operations at its Mooresboro, North Carolina zinc production facility. The Company reported that the fa... )--Anthem, Inc. will release first quarter 2015 financial results on April 29, 2015, at 6:00 a.m. Eastern Daylight Time . Comment?
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