Housing Market Recovery Uneven in StatesStateline“We're experiencing a true recovery” as home prices are consistently rising and foreclosures are falling closer to pre-housing bubble levels, said Daren Blomquist, vice president at RealtyTrac, which follows real estate trends. … But elsewhere in the …RealtyTrac Housing Market Recovery Index Identifies Markets Leading and …Marketwire (press release)all 7 […]
Monthly Archives:: August 2013
4 Examples Of Corporate Welfare In Action – Mintpress News
4 Examples Of Corporate Welfare In ActionMintpress NewsA University of California Berkeley report indicates the corporation's low-wage jobs were costing the state an estimated $86 million in taxpayer-funded public assistance programs. While boasting the necessity for low-wages, the corporation was … …read more
Bring back the condo conversions: Los Angeles apartment to condo conversions pick-up steam, just like it did in the last housing run.
By drhousingbubble Time to slap on some new paint, lay down some hardwood floors, and haul in some granite countertops because it is time to convert that funky apartment building into a condo project. Los Angeles and San Francisco are seeing a rise in apartment to condo conversions as the market is ripe for the […]
RealtyTrac Housing Market Recovery Index Identifies Markets Leading and … – DigitalJournal.com
RealtyTrac Housing Market Recovery Index Identifies Markets Leading and …DigitalJournal.comThe index was calculated based on seven different factors relating to the health of the real estate market: unemployment rate, underwater loans percentage, foreclosure activity percent change from peak, distressed sales percent of total sales … …read more
RealtyTrac Housing Market Recovery Index Identifies Markets Leading and … – Marketwire (press release)
RealtyTrac Housing Market Recovery Index Identifies Markets Leading and …Marketwire (press release)The index was calculated based on seven different factors relating to the health of the real estate market: unemployment rate, underwater loans percentage, foreclosure activity percent change from peak, distressed sales percent of total sales … …read more
China's Rising Home Prices Unstoppable – Forbes
China's Rising Home Prices UnstoppableForbesAny investor that bought a piece of real estate in China (especially Hong Kong) has got to be feeling like a genius right now. Even though Beijing has tried putting out the fire, the Chinese housing market is just too hot. Buckets of cold water and …and more …read more
Here's a quiz; you supply the answers – Stockton Record
Here's a quiz; you supply the answersStockton RecordDespite last week's refusal by the California Supreme Court to halt same-sex unions, do you think opponents are going to ever give up their fight? » 3. Mick Founts steps down as San Joaquin … Do we feel good, or bad, that the Stockton City Council … …read […]
Sacramento office market sees 'mind blowing' shift
During last decade’s housing boom, the Sacramento region went on a construction spree of office buildings to accommodate the financial, insurance and real estate businesses that served the housing sector. Designers work at the Wallrich Creative Communications office on Wednesday in Sacramento. Wallrich moved into the renovated midtown building in order to accommodate a growing […]
Local home inventory rises 21% in July
The number of homes on the market in Sacramento County and the city of West Sacramento jumped by more than 21 percent in July compared with June, helping to ease a severe inventory shortage that has forced up prices this year, the Sacramento Association of Realtors said in its latest report. …read more
Inside North Beverly Park, Beverly Hills' Mansion-Packed Billionaire Community – Forbes
Inside North Beverly Park, Beverly Hills' Mansion-Packed Billionaire CommunityForbes“It's the most prestigious enclave for high-end residential real estate in Los Angeles,” says Mauricio Umansky, Chief executive of The Agency, a luxury real estate firm. Accessible only through two guarded checkpoints, the paparazzi-proof development … …read more
SPDR Dow Jones Global Real Estate (RWO) Enters Oversold Territory – Forbes
SPDR Dow Jones Global Real Estate (RWO) Enters Oversold TerritoryForbesIn trading on Friday, shares of the SPDR Dow Jones Global Real Estate ETF (AMEX: RWO) entered into oversold territory, changing hands as low as $40.7065 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a … …read more
The majority of home purchases are now being done by cash buyers: Destroying the myth that cash buyers are a small portion of the market. 60 percent of homes sold in 2013 came from the all cash crowd.
By drhousingbubble There was an odd sort of myth floating around the market that the cash buyer crowd was somehow a tiny portion of the market, like a drop of water in the vast ocean of home buying. This delusional dream played into the fantasy that this housing market was naturally rising because of overall […]
Should Sellers Over or Under Price Homes?
I have always felt it is in the seller’s best interest to list a home at the higher end of market when inventory is low. Other agents underprice the home and hope for multiple offers to drive up the price and the seller’s net. A recent Wall Street Journal article confirmed it is better to […]
Real Estate Investment With Less Risk – Forbes
Real Estate Investment With Less RiskForbesIn many foreign countries, however, real estate is the whole ball of wax. Local stock markets are reserved for elites, are wildly illiquid or both. Often, foreign financial regulations are far from robust, so the security of real assets such as …and more …read more
Home-sales heat cranked up in July
As prices continued to soar, more homes were sold across the four-county Sacramento region in July than in any month in the past seven years, DataQuick reported Thursday. A home for sale sits behind a sign that reads, “sale pending,” Wednesday, Aug. 14, 2013, in San Diego. Southern California’s recovering housing market remains red-hot, with […]
RSI Alert For Top-Ranked Pennsylvania Real Estate Investment Trust – Forbes
RSI Alert For Top-Ranked Pennsylvania Real Estate Investment TrustForbesPennsylvania Real Estate Investment Trust (NYSE: PEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most “interesting” ideas that merit further research by investors. But making …and more …read more
Foreclosure: S.J. falls to 67th on dubious list as housing market across the country continues to turn corner
The U.S. is on track to end the year with the fewest homes repossessed by lenders in six years, a trend that should help limit the negative impact foreclosures have on home values. …read more
Proposal calls for west Lodi subdivision
LODI – A 331-home subdivision is being planned in west Lodi just south of a proposed Walmart Supercenter, city officials said. …read more
July home sales up 17 percent over June in state
SAN DIEGO (AP) — Housing sales are booming in California as pent-up demand finds increased supply. …read more
Homebuilder confidence nears 8-year high
(AP) – Confidence among U.S. homebuilders is at its highest level in nearly eight years, fueled by optimism that demand for new homes will drive sales growth into next year. …read more
Mintz Levin Attorney Jeffry A. Davis Named Best Lawyers' San Diego Bankruptcy … – Fort Mills Times
Mintz Levin Attorney Jeffry A. Davis Named Best Lawyers' San Diego Bankruptcy …Fort Mills TimesIndustries in which he has recently represented clients include real estate, health care, automotive, software, waste management, and food services. Most recently, he has been involved in the Chapter 9 case filed by the City of Stockton, California and …and more […]
California Trends Look Favorable – Just Don't Move There – Rental Equipment Register (registration)
California Trends Look Favorable – Just Don't Move ThereRental Equipment Register (registration)According to the Christian Science Monitor, the addition of hundreds of thousands of new jobs in the last two years and a booming real estate market are leading an economic recovery in California. … The agricultural-focused Central Valley, which has … …read more
Understanding The Three Rs: REITs, The Real Estate Recovery And Rising … – Forbes
Understanding The Three Rs: REITs, The Real Estate Recovery And Rising …ForbesHowever, the damage in the real estate investment trust (REIT) sector was already done as REITs, as measured by the Dow Jones Equity All REIT index, experienced a total return of -2.1% for the quarter, the weakest quarterly return for the index since … […]
Agriculture Secretary: US Farmers Need Immigration Reform From Congress – Mintpress News
Agriculture Secretary: US Farmers Need Immigration Reform From CongressMintpress NewsVilsack added that the California-based Western Growers Association has reported that 80,000 acres of fruit and vegetable production has already been outsourced to Mexico because that's where the farmers are able to find workers. House Republicans say …and more …read more
Sausalito In the News: August 11, 1917 – Marinscope Community Newspapers
Sausalito In the News: August 11, 1917Marinscope Community NewspapersFarm Lands — The Government needs Farmers as well as Fighters. Two million-three-hundred-thousand acres of Oregon and California, some of best land left in United States, will be opened for homesteads and sale. … John Thorburn has brought suit … …read more