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Category Archives: Real Estate Trends
California Housing still flat
California’s housing market continues to be bifurcated both geographically and demographically, with the San Francisco Bay Area and high-end housing markets outperforming other regions and market segments,” said California Association of Realtors chief economist Leslie Appleton-Young. “A strong job market … Continue reading
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Los Angeles housing most expensive in the nation
A new study by the University of California, Los Angeles concludes that LA has the least affordable rental homes in America, and other reports rate California as the worst state both for renters and mortgage-payers (see map). The UCLA study … Continue reading
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Orange County still trying to shake the real estate blues
Zillow shows residents living in Orange County lose about half their income paying their rent or mortgage to live in the least affordable housing market in the U.S., see Orange County Zillow. Everything is still down. The direction of the housing … Continue reading
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Flipping Houses is no longer profitable
The monetary appeal of flipping a home is starting to dissipate as the market returns to historical trends. Back in the second quarter of 2013, 6.2% of homes were flipped, compared to just 4.6% in the second quarter of 2014, … Continue reading
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Blast from the Past- Principal Reductions Resulting From Short Sales Will End the Las Vegas Real Estate Crises 2009
WHAT A LONG STRANGE YEAR ITS BEENIn the Spring of 2008, Las Vegas homeowners stopped paying their mortgage, and filed predatory lending lawsuits against their lenders alleging mortgage fraud including RESPA and TILA violations. Hundreds of those cases were filed … Continue reading
U.S. home prices increase for three years
Home prices continue their slow upward climb in most U.S. counties. Despite a weak start to real estate transactions in the first quarter, home prices continued to trend higher and increased for the eleventh consecutive quarter, rising 1.3% in … Continue reading
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California Senate Bill 458 CA SB 458 Forgives All Debt After a Short Sale
Stout Law Firm July 18, 2011: A new California law will further protect homeowners pursuing short sales by barring first and second lien holders from going after sellers for money owed after the short sales close. Gov. Jerry Brown signed … Continue reading
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I Just Got Sued For A Deficiency Judgment, Now What?
Stout Law Firm Stout Law Firm DEFICIENCY JUDGMENT LAWSUITS ARE SPEEDING UPAugust 24, 2010: Lenders are ramping up their efforts to sue former homeowners for deficiency judgments. Lenders are suing homeowners sometimes after foreclosure and sometimes after short sales, on … Continue reading
All cash house buyers at all time high
CASH RealtyTrac reported Thursday that the percentage of all-cash buyers has soared in the past year, with 42.7% of all U.S. residential property sales in the first quarter all-cash purchases, up from 37.8% in the previous quarter and up from … Continue reading
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Housing still flat
Housing Wire reports that the latest edition of the Obama Administration’s housing scorecard shows that there are positive overall trends in the housing market, but notes that the recovery from the “Great Recession” isn’t yet complete. The housing scorecard, prepared … Continue reading
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