Excerpts from the latimes.com and dataquick.com: Southern California's housing market couldn't shake off the doldrums in February despite record demand from investors and all-cash buyers. The median home price increased 1.9% in February from January to $275,000. That...
From HW: House prices in the S&P/Case Shiller index fell 5.3% over the last two quarters of 2010, wiping out the 4.9% growth seen in the previous year and a half and sending the housing market into a double-dip, analysts at Capital Economics said Tuesday. Not...
From Alejandro Laso at the latimes.com: More than 100,000 struggling homeowners could get help from a $2-billion program that California is launching, including about 25,000 borrowers who owe more than their properties are worth and could see their mortgages shrink....
From RISmedia and fanniemae.com: Thanks to strengthening in consumer spending and growing policy clarity at the end of 2010, the economy is finally poised to accelerate and sustain above-par, less volatile growth, according to the January 2011 Economic Outlook...
There's a company called Local Market Monitor, who claims on their website that they have "over twenty years of proven expertise and trend analysis in evaluating residential property values". Lately they have been ranking which towns across America have the best...
Here's my 2-part MERS settlement. 1. Have the banks fund Sheila's "foreclosure claims commission" to dole out settlements to those who were harmed, and 2. Have the servicers pay all the back recording fees owed (or settlement). MERS is then allowed to continue...
She doesn't say it specifically, but this should be the first step in resolving the MERS/robo-signing debacle with well-rounded settlements for all - from MND: Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair called today for a "foreclosure claims...
From the WSJ: SALEM, Mass.—There's a certain look and feel to a foreclosed home, and 31 Arbella St. has it: fraying carpet, missing appliances, foam insulation poking through cracked walls. That doesn't faze buyer Tony Barletta since he plans a gut renovation anyway....
Alejandro Lazo from the L.A. Times is doing his best to sort through the excuses about why homes aren't selling, but it's not easy. He found the usual psycho-babble was to blame - 'economic woes', 'tax credits', 'household formation', and 'job creation'. Except one...
Click here for Dataquick's latest press release - some excerpts: La Jolla, CA---Southern California home sales dropped in October to their lowest level in three years amid doubts about the drawn-out market recovery, tight mortgage lending policies and expired...
