DataQuick report a 1.1% rise in median home prices in Southern California. This means a median home is priced at $283,000 in October as up market homes kept the median from appreciating much over last year’s prices. According to the tracking firm last month’s median price increased $3,000 from last year’s October median price, when [...]
Home sales dropped last month in Southern California as loans were harder to get and foreclosure properties did not represent high interest for home buyers. According to the latest data released by MDA DataQuick, sales dropped 24% from a year prior to 16,744 home in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange [...]
Home sellers, bankers, Realtors and everyone involved in the housing market can now think positive. analysts predict a less hostile 2011. "There’s good news, with some caution," said Robert Kleinhenz, deputy chief economist for the California Association of Realtors. "The valley’s real estate market is moving in the right direction. Affordability is close to a [...]
The state’s federal funding program named ‘Keep Your Home’ has grown from $700 million to $2 billion, but lenders haven’t officially agreed to participate in the principal reduction part of the program. The new fund is enough to potentially help more than 100,000 troubled homeowners, but the formal agreements – with the nation’s largest banks [...]
There are some areas in California that need five more years to pull themselves out of the recession hole. In order to perform well they have to take care first of all the foreclosure problem and deal with the huge number of lis pendens properties – these are the primary factors that influence the upcoming [...]
Inland Empire ranked sixth on the national foreclosure ranking list. The list tracked foreclosure filings in the third quarter of this year, according to the latest reports. The real estate tracking firm registered 35,863 mortgage default notices, auction sale notices and bank repossessions between July and September. RealtyTrac translated this number into households and the [...]
MDA Dataquick published its latest report regarding the third quarter foreclosure proceeding. The report show an increase in mortgage default on a quarter-to-quarter basis for the first time since early last year. Meanwhile the number of homeowners who went through the process of foreclosure are down from the previous quarter and a year ago. The [...]
Jim Ferguson, Palm Desert City Councilman received a foreclosure notice, which is the first step of the foreclosure process. Ferguson, an incumbent facing re-election November 2, said there is a pending offer for more than what is owed on the house, and quickly added "the sale of the house should not reflect on my ability [...]
