Temecula Real Estate News
Real Estate news for Temecula, 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?
Friday Nov 21 | 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?
Friday Nov 21 | 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 RecordNET
Thus the state-managed Unemployment Mortgage Assistance Program can provide as much as $54,000 in financial aid to low-and moderate-income homeowners, while they look for work. “We're always looking at ways to improve the program and we are confident these changes will help more homeowners get much-needed help,” said Tia Boatman Patterson, executive director of the California Housing Finance Agency, which oversees Keep Your Home California. Comment?
Friday | via Mortgage News Daily
Bottom Right Default State Name: State Name underscore: State Name dash: State Name lower underscore: State Name lower dash: State Name lower: State Abbreviation: State Abbreviation Lower: It is a continuously updated stream of news from around the web Visit throughout the day for the latest breaking news. CR Note: The consensus is that on Monday, the NAR will report 5.20 million existing home sales for November, on a seasonally adjusted annual rate basis . Comment?
Thursday Dec 18 | via The Fresno Bee
Keep Your Home California has made a change to one of its four foreclosure relief programs to help homeowners struggling to find a job. The Unemployment Mortgage Assistance Program has expanded from 12 months to 18 months. Comment?
Thursday Dec 18 | via Contra Costa Times
By most measures, the housing market these days is a bit sluggish. Prices are flat. Comment?
Thursday Dec 18 | via Mortgage News Daily
"Congress extends Mortgage Debt Forgiveness Act " - hey, that's good news, right? In fact the Senate approved a bill that would retroactively extend over 50 expiring tax provisions for one year, including the one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale. The latest Issue of Arch MI's Housing and Mortgage Market Review with a new version of the Arch MI Risk Index is currently available. Comment?
Thursday Dec 18 | via Mercury-Register
The Fackrell family, Karl, holding infant Conner, Angie and 4-year-old Haiden receive the keys to their new home from Kathie Sowa, West region senior vice president for Bank of America, and Scott Syphax, president of The Nehemiah Companies on Thursday, Dec. 18, 2014, during an event in which a veteran received a free home from Nehemiah Community Reinvestment Group and Bank of America in Oroville, California. Oroville >> Outside a mocha-colored residence in South Oroville there's a sign above its door that welcomes people to the home of the Fackrells. Comment?
11 min ago | via NBR Newsroom
New Zealand consumer confidence fell in the fourth quarter, particularly in rural and provincial areas as prospects for a low dairy payout take their toll despite falling petrol prices and lower mortgage rates. The Westpac McDermott Miller Consumer Confidence Index fell to 114.8 in the December quarter, from 116.7 three months earlier, its lowest level in over a year and a gradual slide from the peak of 121.7 recorded in March. Comment?
12 min ago | via Daily Reporter
A southeastern Indiana woman who pleaded guilty to bank fraud has been ordered to repay more than $48,000 to a bank where she was once a loan manager. Tammy M. Hayes of Vevay pleaded guilty to fraud on a financial institution in August in exchange for prosecutors dropping a theft charge she had faced. Comment?
28 min ago | via The Daily Star
DUBAI: The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash. As the global financial crisis slashed oil and equity prices in 2008, Dubai's real estate market began a collapse that roughly halved residential prices in 12 months and forced the restructuring of tens of billions of dollars of corporate debt. Comment?
38 min ago | via Memex 1.1
This just in from Mark Anderson , the guy who told me about the sub-prime mortgage racket nine months before the collapse : When Dalian Wanda, China's largest commercial real estate and entertainment firm, bought the US' second-largest theater chain, AMC, a few years ago, I wondered what the result would be. Already, we had started to see the effects of China's desire to move its censorship efforts offshore and into the US film industry, with the increase in various levels of pandering to Chinese censors by US studios in an effort to get Chinese domestic distribution. Comment?
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