Shafter Real Estate

Featured Article

• Do New Mortgage Rules Make Borrowers Safer?

  Wednesday Jul 16 | via Realty Trac 

  You could hardly miss the headlines this week: More than 1,000 news outlets covered new rules from the Federal Reserve designed to "protect" America's mortgage borrowers.

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  Related Topix: Home, Foreclosures, Mortgage, Mortgage, Personal Finance

Local Headlines

• Local home sales up, prices down

  Yesterday | via Bakersfield Californian 

  Home sales shot up in Bakersfield during the month of June - so much so they got a nod in the National Association of Realtor's press release Thursday - but the median price dropped, figures from the ...

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  Related Topix: Housing, Bakersfield Metro, Bakersfield, CA, Real Estate

• Bakersfield No. 8 in nation for foreclosures

  Thursday Jul 10 | via Bakersfield Californian 

  The Bakersfield metro area's foreclosure rate is the eighth highest among the nation's largest 230 metropolitan areas, according to a report released today by Irvine-based real estate data firm RealtyTrac.

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  Related Topix: Bakersfield Metro, Bakersfield, CA, Foreclosures, Irvine, CA, Kern County, CA

• Defaults build in rose city

  Monday Jul 7 | via Bakersfield Californian 

  The foreclosed Poplar Pointe development in Wasco has fourteen finished homes sitting empty behind locked gates.

  Comment?

  Related Topix: Kern County, CA, Irvine, CA, Newport Beach, CA, Foreclosures, Wasco, CA

• Foreclosures surge in first half of year

  Thursday Jul 3 | via Bakersfield Californian 

  Kern County has been inundated by property foreclosures during the first six months of 2008, with totals already surpassing last year's record-breaking numbers by more than 1,000, Kern County Recorder's office ...

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  Related Topix: Kern County, CA, Foreclosures, Personal Finance, Mortgage

• New fee could hurt homebuyers

  Sunday Jun 29 | via Bakersfield Californian 

  An old debate is back in the spotlight, but this time the stakes are higher. Once again, Bakersfield and Kern County want to impose a fee on development to pay for roads.

  Comment?

  Related Topix: Home, Mortgage, Kern County, CA, Bakersfield Metro, Bakersfield, CA

Regional Headlines

• Editorial: The other shoe looms

  3 hrs ago | via Sacramento Bee Newspaper 

  The latest bad news factoid is that foreclosures in California are at a 20-year high.

  Comment?

  Related Topix: Foreclosures, California, Home, Mortgage, Opinion

• Broker drops lawsuit over sale of Southern California...

  3 hrs ago | via AMNY 

  Washington Mutual Inc., who was Rep. Laura Richardson's lender, announced Friday that James York's suit against her and the bank had been resolved, the Torrance Daily Breeze reported.

  Comment?

  Related Topix: Foreclosures, Financial Services, California, Banking, Washington Mutual, Home, Mortgage, Mortgage, Personal Finance

• Mayor backs out of gay rights event

  9 hrs ago | via L.A. Observed 

  I received an email statement Mayor Antonio Villaraigosa this morning that announced he would skip tonight's banquet in San Francisco for the Human Rights Campaign, a mainstream gay community group that raises ...

  Comment?

  Related Topix: California, Transgendered, Gay/Lesbian, Housing, Mortgage, Personal Finance

• State home sales up 18%

  19 hrs ago | via LA Daily News 

  Home sales across California jumped nearly 18 percent during June compared with a year earlier as discounted foreclosures lured buyers back into the real-estate market, a trade association said Friday.

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  Related Topix: Los Angeles Metro, Los Angeles Metro, Housing, California, Real Estate, Foreclosures

• Median home prices fall by 6.1% in county

  20 hrs ago | via Pasadena Star-News 

  Los Angeles County's median home price fell 6.1 percent last month to $396,560 and was off a record 32.3 percent from a year earlier, the California Association of Realtors reported Friday.

  Comment?

  Related Topix: Los Angeles County, CA, Real Estate, California, San Gabriel, CA, Hacienda Heights, CA

National Headlines

• Congress passes mortgage aid bill

  5 min ago | via North County Journal 

  It took fears of a market collapse to push President George W. Bush and Congress to compromise on election-year mortgage help for struggling homeowners.

  Comment?

  Related Topix: George Bush, Housing, Foreclosures, US Politics, US News, 2008 Presidential Election, Mortgage, Personal Finance

• Lawsuit dropped over SoCal congresswoman's home

  8 min ago | via Fox News 

  A man who paid $388,000 for a congresswoman's home dropped a lawsuit that claimed she got special treatment when a bank rescinded the foreclosure, it was reported Saturday.

  Comment?

  Related Topix: Foreclosures, Financial Services, Banking, Washington Mutual, Home, Mortgage, Housing

• Raise a glass of best Chateau Sucker

  8 min ago | via Irish Independent 

  Frankly, I've been getting tired of all the bad news. Every day brings new reports of job losses, price increases, industrial collapse, increasing debt, stock exchange plunges, pension erosion and general ...

  Comment?

  Related Topix: Housing, Train Disaster, Opinion

• US shuts down two more banks

  10 min ago | via Times of Oman 

  WASHINGTON: The US Treasury has shut down two affiliated western banks as the impact of the US real estate crash rolls through the country's financial institutions.

  Comment?

  Related Topix: Reno, NV, Financial Services, Home, Mortgage, Mortgage, Personal Finance

• A healthy market

  3 hrs ago | via The Daily Advertiser 

  The home buying boom in Lafayette is leveling off, and with national stories of lending disasters and foreclosures tempering the market, local builders are trying to assure potential buyers.

  Comment?

  Related Topix: Home Buying, Home, Baton Rouge, LA, Mortgage, Foreclosures, Lafayette, LA