Sierra Madre Real Estate

Featured Article

• Top 7 Foreclosure Stories of Past Year

  Jun 19, 2008 | via Realty Trac 

  The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 2007, forcing many foreclosure investors to ratchet down their ...

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  Related Topix: Financial Services, Housing, Foreclosures, Home, Mortgage

Local Headlines

• A new low in the high life

  14 hrs ago | via Arizona Daily Sun 

  A couple of front-page stories in Tuesday's papers -- one from the East Coast, the other from the West -- frame a pretty effective portrait of these United States in this election year.

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  Related Topix: Housing, Foreclosures, Los Angeles County, CA, San Bernardino, CA, Home Listing, Home, Opinion

• Mosquito reports soar after article

  19 hrs ago | via The Signal 

  Canyon Country residents Thursday reported a surge in both the number of "green pools" and of mosquitoes following initial reports of countywide efforts to stop the spread of West Nile virus.

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  Related Topix: Canyon Country, CA, Los Angeles County, CA, Epidemic, Natural Disasters, Real Estate

• House Hunt: For Some, Now May Be the Right Time

  Thursday | via Hispanic Business 

  Hispanics are expected to drive the first-time homebuyer market in the coming decade.

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  Related Topix: Home Buying, Home, Mortgage, Real Estate, Los Angeles County, CA

• Home foreclosures hit record high

  Thursday | via LA Daily News 

  Home foreclosures across the San Fernando Valley hit another record high during the year's second quarter as the housing crisis intensified, a research center said today. 1 comment

  Related Topix: Glendale, CA, Calabasas, CA, Northridge, CA, Education, Housing, Los Angeles County, CA

• Spelling's widow buys condo for $47 million

  Thursday | via Pleasant Hill Record 

  The top two floors of a residential tower still under construction have been sold for a record $47 million to Candy Spelling, the widow of TV mogul Aaron Spelling.

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  Related Topix: Housing, Foreclosures, Los Angeles County, CA, Beverly Hills, CA, Home Listing, Home

Regional Headlines

• Median home prices fall by 6.1% in county

  11 min ago | via San Gabriel Valley Tribune 

  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.

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

• L.A. home sales up 1.7% in June

  7 hrs ago | via Daily Breeze 

  Home sales rose 1.7 percent in the Los Angeles area in June, compared with the same period a year ago, while the median home price fell 32.3 percent to $396,560, according to figures released today.

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  Related Topix: Real Estate, Los Angeles Metro, Los Angeles Metro, Housing, California, Orange County Metro

• East West impacted by housing crisis

  8 hrs ago | via San Gabriel Valley Tribune 

  East West Bancorp, Inc. on Friday reported a $25.9 million loss for the second quarter, the bank's first shortfall since 1981.

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  Related Topix: California, Home, Mortgage, Financial Services, IndyMac Bancorp, Banking, East West Bancorp

• Second quarter foreclosures up 121%

  13 hrs ago | via San Jose Business Journal 

  Foreclosure filings were reported on 739,714 U.S. properties during the second quarter, nearly 14 percent up from the previous quarter and 121 percent higher than the year-ago quarter, according to a report ...

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  Related Topix: Foreclosures, California, Stockton Metro, San Bernardino, CA, Bakersfield Metro, Bakersfield, CA

• Home sales up, inventory index down statewide

  14 hrs ago | via Sacramento Business Journal 

  As sales increased 17.5 percent in June, the unsold inventory index for existing homes in California during the month dropped to 7.7 months from 10.2 months for the same period a year ago, according to a report ...

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  Related Topix: Housing, Real Estate, California, Sacramento, CA, Sacramento Metro, Sacramento Metro

National Headlines

• U.S. Senate seen backing housing bill, Bush to sign

  6 min ago | via Reuters 

  The U.S. Senate was expected to approve a massive housing market rescue bill on Saturday and President George W. Bush was ready to sign it soon, amid questions about how much it will help.

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  Related Topix: Housing, George Bush, Foreclosures, Home, Mortgage, Mortgage, Personal Finance

• Two candidates for state Legislature have been sued for debts

  7 min ago | via Kansas.com 

  Two Wichita women running for seats in the Kansas Legislature have been sued for debts worth thousands of dollars apiece, according to Sedgwick County District Court documents.

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  Related Topix: Sedgwick County, KS, Home, Mortgage, Mortgage, Personal Finance, US News, Wichita Metro, Wichita, KS

• Dreier, Miller back housing legislation

  8 min ago | via San Gabriel Valley Tribune 

  Editor's note: It's Politics reports Saturdays on the ins and outs of San Gabriel Valley-area politics and city government.

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  Related Topix: Housing, Diamond Bar, CA, San Gabriel, CA, US Politics, US News, David Dreier, Republican, US House of Representatives, Gary Miller, Foreclosures

• Banks rally as CEOs hold off on issuing shares

  8 min ago | via Myrtle Beach Online 

  With many banks still reporting massive writedowns and even quarterly losses from bad mortgage investments, it certainly seems like an odd time for financial stocks to rally.

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  Related Topix: Banking, Financial Services, Citigroup, Home, Mortgage, Mortgage, Personal Finance, Wachovia Corporation, Merrill Lynch and Co, Investment Services

• Senate close to passing housing aid

  9 min ago | via The Boston Globe 

  Homeowners struggling to make their house payments could get government mortgage relief under a rescue plan that seeks to revive the chaotic housing market and help reverse the economic downturn.

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