Calabasas Real Estate News
Wednesday Apr 22 | via LA Daily News
Showing surprising gusto, home sales in the San Fernando Valley soared 30 percent in March, giving the spring and summer buying season its best start in six years, according to a trade association. Last month sales of previously owned houses increased from 414 a year ago to 537, said the Van Nuys-based Southland Regional Association of Realtors. Comment?
Monday Apr 20 | via American Reporter
Readers who see three YouTube videos on our front page this past week must be curious. Has The Americzan Reporter become tabloid? Is the editor out of his mind? There is a simple explanation, and it is a news-related one. Comment?
Monday Apr 20 | via GuruFocus.com
MDC Holdings recently disclosed its financial results. Its results missed the analyst estimates on both the top as well as bottom lines for the quarter. Comment?
Thursday Apr 16 | via LA Daily News
Some green shoots finally sprouted in Southern California's housing market in March, as sales increased 11 percent from a year earlier and the median price hit its highest level in more than seven years, a market tracker said Thursday. Last month, sales of new and previously owned houses and condominiums in the six-county region rose from 17,638 in March 2013 to 19,603, the company said - a jump of 44 percent from February's 13,650. Comment?
Friday Apr 17 | via Pacific Business Times
It's worth noting that Volume 1, Issue 1 of the Business Times, written slightly more than 15 years ago, featured a story about the first plans for reconstructing the Miramar. With the final opposition fading away and his project tweaked a bit on issues such as beach club membership, the estimated $200 million Miramar Hotel & Resort project finally got its approval on April 14. It's worth noting that Volume 1, Issue 1 of the Business Times, written slightly more than 15 years ago, featured a story about the first plans for reconstructing the Miramar. Comment?
22 hrs ago | via Quebec Chronicle-Telegraph
California's housing prices plummeted after the bubble burst in 2008 , but now are approaching levels not seen since the market's height-especially along the Southern California coast and around San Francisco Bay. This has reignited the perennial question: What should policy makers do to promote "affordable" housing? Earlier this month, the state Supreme Court heard arguments in a Northern California case that could have statewide impact, given that it ponders the constitutionality of one way officials promote the construction of lower-cost housing. Comment?
Thursday | via Business Journal
Seven years after the housing bubble popped, there are still homeowners who owe the bank more than their house is worth. But rising prices have put many long-term homeowners in the comfortable ranks of the "equity rich." Comment?
Wednesday Apr 22 | via Bloomberg
In the aftermath of the housing crisis, it seemed like millennials might give up on homeownership in favor of a lifetime spent renting squalid apartments in gentrifying urban centers. Fears of that grim scenario have mostly passed, and it's not uncommon to hear of young faces at open houses, or to read surveys in which renters say they're finally ready to fork over a down payment. Comment?
Tuesday Apr 7 | via Inside Bay Area
The California Supreme Court on Wednesday will consider how far cities can go in trying to provide more affordable housing across the state as housing prices and rents continue to soar. In a challenge to San Jose's five-year-old affordable housing ordinance, the state's high court will hold arguments in Los Angeles in a case that tests a policy tool now in place in cities stretching from Santa Monica to Napa. Comment?
Tuesday Mar 31 | via Inside Bay Area
The statewide housing crunch is raising prices and putting lower income groups into deeper financial straits as they attempt to keep up with housing costs, according to a new state report. "California's High Housing Costs: Causes and Consequences," released March 17 by the state Legislative Analyst's Office, examines the shortage of housing and says the state needs to revamp policies to build several hundred thousand new dwellings. Comment?
7 min ago | via Independent.ie
The proposal is remarkably similar to the Special Saving Incentive Account scheme which was introduced by Fianna Fail in 2001. The SSIA scheme was open to all savers but the new initiative will only be available to those saving for mortgage deposits. Comment?
1 hr ago | via Insurance News Net
"This was an attempt to embarrass us and continue to pressure us to write enormous size checks to settle to make them go away, and to admit things that did not occur." lawsuit contained numerous factual errors and omissions and took quotations from internal Quicken e-mails out of context simply for shock value. Comment?
1 hr ago | via USA Today
Save for down payment or buy a home now? Maybe you SHOULD make that big move now. Here's why. Comment?
1 hr ago | via The San Diego Union-Tribune
Q: After a slow 2014, does the March jump in sales mean that San Diego County will have a peak real-estate season this year? Why or why not? a Murtaza Baxamusa, directs planning and development for the Family Housing Corporation, of the San Diego Building Trades in Mission Valley : Yes. Increasing home sales and prices reflect a strong real-estate market all along the coast. Comment?
1 hr ago | via Seeking Alpha
Redfin and CNBC claim that the housing inventory problem is exacerbated by a poor supply of fresh inventory . Yet, without directly addressing the issue of pricing of "stale inventory," the true market dynamics at work are left unclear and even confounding. Comment?
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