Parking garage: Public, private?Foster’s Daily DemocratThis commercial parking enterprise must include paying Dover real estate taxes for the value of the improved real estate. Dover residents today are surrounded by many excellent shopping areas and restaurants with free parking. These include … It is … …read more
Monthly Archives:: August 2013
Our Views: More action needed to update Merced County jails – Merced Sun-Star
Our Views: More action needed to update Merced County jailsMerced Sun-StarAfter that inspection, the owners decided to replace Fresno-based Manco Abbott with BLR Commercial Real Estate of Stockton. The owners are … Given California’s size and the frequency of its fires, that is a startling number. Although the blaze is not … …read more
Court Denies Bank of America’s Petition for Re-hearing in Glaski Decision
By Mandelman Late last week, Bank of America petitioned the California Court of Appeals for a re-hearing of the Glaski case, which the court had recently decided, subsequently publishing its written opinion. The filing for petition for re-hearing should not have been surprising, as it was based in large part on several fairly obvious flaws […]
US property sales see biggest monthly increase so far this year – Property Wire
MarketWatch US property sales see biggest monthly increase so far this yearProperty Wire‘Low inventory of homes available for sale is proving to be a double edged sword in many local housing markets that have bounced back quickly from the real estate slump,’ said Daren Blomquist, vice president at RealtyTrac. ‘Home prices are accelerating …RealtyTrac: July […]
Leaving Las Vegas – Press of Atlantic City
Leaving Las VegasPress of Atlantic CityThe house is located on Stockbridge Court, a secluded cul-de-sac neighborhood carved into the pines off Jimmie Leeds Road, just down the street from the Stockton Seaview Hotel and Golf Club. It was two … They’re all in Vegas and California. I’m not … …read more
National Median Price Hits $174500 in July, Up Six Percent Over Last Year – National Mortgage Professional Magazine
National Mortgage Professional Magazine National Median Price Hits $174500 in July, Up Six Percent Over Last YearNational Mortgage Professional MagazineThose four states also posted the four biggest annual increases in median home prices in July: California (up 31 percent); Nevada (up 27 percent); Arizona (up 21 percent); and Georgia (up 20 percent). The national median […]
RealtyTrac: SD-area market home sales volume down 19% in July – San Diego Source (subscription)
MarketWatch RealtyTrac: SD-area market home sales volume down 19% in JulySan Diego Source (subscription)“Low inventory of homes available for sale is proving to be a double-edged sword in many local housing markets that have bounced back quickly from the real estate slump,” said Daren Blomquist, vice president at RealtyTrac. “Home prices are accelerating …RealtyTrac: Nevada […]
RealtyTrac: SD area market home sales volume down 19 percent in July – San Diego Source (subscription)
RealtyTrac: SD area market home sales volume down 19 percent in JulySan Diego Source (subscription)“Low inventory of homes available for sale is proving to be a double-edged sword in many local housing markets that have bounced back quickly from the real estate slump,” said Daren Blomquist, vice president at RealtyTrac. “Home prices are accelerating … […]
RealtyTrac: July Home Sales Up 4% Compared To June – Mortgageorb
RealtyTrac: July Home Sales Up 4% Compared To JuneMortgageorbCorresponding with that, the four states that posted the biggest annual increases in median home prices in July included California (up 31%), Nevada (up 27%), Arizona (up 21%) and Georgia (up 20%). … “Low inventory of homes available for sale is … …read more
Stories planned for the Thursday, Aug. 29, 2013, Herald-Whig – Quincy Herald Whig
Stories planned for the Thursday, Aug. 29, 2013, Herald-WhigQuincy Herald WhigTRUMP UNIVERSITY-STUDENTS: Bob Guillo spent almost $35,000 hoping to learn some of Donald Trump's real estate secrets. Instead, he says, he left the sessions of Trump University cash-poor, with little more than a photo of himself next to a life-size …and more …read more
Why Double-Digit Unemployment Persists in Pockets – 24/7 Wall St.
Why Double-Digit Unemployment Persists in Pockets24/7 Wall St.In the central part of California, which sits in from the coast, unemployment is above 10% in Stockton, Fresno, Madera, Merced, Modesto, Visalia and Yuba City. Among … Literacy rates are low, crime rates high and real estate values have cratered …and more …read more
FHA increases as investors buy less in Sacramento
By Ryan Lundquist The “force” is growing stronger with FHA lately in Sacramento. Yes, that was a Star Wars reference. The latest stats over the past couple of months show an uptick in FHA loans by 2% when considering the entire county and 4% when looking at sales under $200,000. As you can see, less […]
The investor trade is crowded: Median price for homes purchased with cash financing reaches highest level ever.
By drhousingbubble Investor demand for housing is largely responsible for the feeding frenzy in real estate over the last couple of years. Yet this unrelenting demand is unsustainable and it looks like cracks are forming in the investor trade. First, the median price paid by those using “cash” financing has reached an all-time peak. Not […]
US RealtyTrac: July Home Sales Up 4% Vs June, Up 11% Vs Yr Ago – MNI News
US RealtyTrac: July Home Sales Up 4% Vs June, Up 11% Vs Yr AgoMNI NewsWhile sales volume continued to increase nationwide, eight states posted annual decreases in total sales, including California (down 17 percent), Arizona (down 11 percent), Nevada (down 7 percent), and Georgia (down 2 percent). Those four states also … …read more
Cash Purchases Jump to 40 Percent of All Sales in July as Sales Volume Drops … – DigitalJournal.com
Cash Purchases Jump to 40 Percent of All Sales in July as Sales Volume Drops …DigitalJournal.comWhile sales volume continued to increase nationwide, eight states posted annual decreases in total sales, including California (down 17 percent), Arizona (down 11 percent), Nevada (down 7 percent), and Georgia (down 2 percent). Those four states also … …read more
Cash Purchases Jump to 40 Percent of All Sales in July as Sales Volume Drops … – Marketwire (press release)
Cash Purchases Jump to 40 Percent of All Sales in July as Sales Volume Drops …Marketwire (press release)While sales volume continued to increase nationwide, eight states posted annual decreases in total sales, including California (down 17 percent), Arizona (down 11 percent), Nevada (down 7 percent), and Georgia (down 2 percent). Those four states also … […]
RealtyTrac: Nevada Home Prices Jump But Sales Fall – KLAS-TV
RealtyTrac: Nevada Home Prices Jump But Sales FallKLAS-TVThe median home price in Nevada last month shot up 27 percent over July 2012 but total sales were down 7 percent over the same period, according to the real estate analytics company from Irvine, Calif. California led the way with a 31 percent hike in … …read […]
Remembering basic economics in real estate
By Ryan Lundquist Have you ever watched the TV show Antiques Roadshow on PBS? Once in a while I’ll catch an episode since it’s always interesting to see what people’s stuff is worth. If only I had that type of “junk” lying around my house. While watching the other day with my sons, it was […]
Golden Return: Serge Pun Constructs A Real-Estate Empire In Myanmar – Forbes
Golden Return: Serge Pun Constructs A Real–Estate Empire In MyanmarForbesA roadside billboard welcomes me to “A Model City of Tomorrow.” After a bumpy ride in monsoon rains the real estate showroom comes as a relief and something of a mystery. As a salesman clicks on interactive screens showing condominium designs and … …read more
County: State to retain group home oversight | Recordnet.com – Stockton Record
County: State to retain group home oversight | Recordnet.comStockton RecordSTOCKTON – Responding to a grand jury investigation critical of the oversight of group homes, local government officials said the state agency responsible for monitoring group homes would provide more information to the San Joaquin County agencies … …read more
RECENT HOME SALES – Palo Alto Online
RECENT HOME SALESPalo Alto OnlineHome sales are provided by California REsource, a real estate information company that obtains the information from the County Recorder's Office. Information is recorded from deeds after the close of escrow and published within four to eight weeks … …read more
Home Price Growth Beginning To Slow Down, Says S&P/Case-Shiller – Forbes
Home Price Growth Beginning To Slow Down, Says S&P/Case-ShillerForbesHe noted that housing has been a “speculative market” thanks to the prevalence of real estate investors that include Wall Street institutions and house flippers. Last week he warned that rising rates will hurt home prices as the increasing cost of …and more …read more
Bullish on the US, and Bullish on ETFs – Barron’s
Bullish on the US, and Bullish on ETFsBarron’sIn California, there have been challenges in Stockton, San Bernardino, and other strapped cities to the primacy of the claim that Calpers—the California Public Employees’ Retirement System—has on their revenue. Calpers has the power to force … …read more
Real Estate And REITS As An Investment – Forbes
Real Estate And REITS As An InvestmentForbesIndividual real estate properties meet none of the usual tests for market efficiency: Each parcel is unique, transaction costs are very large, sales occur only occasionally, and market knowledge is often local and restricted, making this an insider's …and more …read more
Lawsuit Alleges Trump Defrauded 'Students' In Seminars Meant To Teach … – Forbes
Lawsuit Alleges Trump Defrauded 'Students' In Seminars Meant To Teach …ForbesA lawsuit filed Saturday by New York Attorney General Eric T. Schneiderman alleges that Donald Trump defrauded more than 5,000 people of $40 million, handed over for what was supposed to be the opportunity to learn Trump's real estate investment magic …Trump defends his school, […]