Carmel Valley Real Estate News
Real Estate news for Carmel Valley, CA continually updated from thousands of sources.
Friday Oct 2 | via Monterey County Herald
I read the article in the Thursday edition and was left shaking my head. My first thought was how unfair it is that this group of people should benefit from a windfall. Comment?
Thursday Oct 1 | via KSBW-TV
Home values are continuing to rise, but for many homeowners on the Central Coast, it's a mixed bag of news. ERIN: GOOD EVENING EVERYONE. Comment?
Tuesday Sep 8 | via Monterey County Herald
I don't know where Fred Nolan is coming from when he writes that a new hotel at the American Tin Cannery site is out of character for Pacific Grove . He claims that this hotel would not be used by locals to put up visiting relatives. Comment?
Monday Sep 7 | via Monterey County Herald
In 1994, 175 single family homes, available only to low and moderate income households, were approved by the Monterey County Board of Supervisors as the Moro Cojo subdivision. On Wednesday, the county Planning Commission will consider an application by 161 of the homeowners seeking to be released from the permanent deed restriction of affordability, thus allowing all of the homes to be sold at market rate, and permanently lost to the county's stock of truly affordable housing. Comment?
Aug 13, 2015 | via Wines & Vines
Finding the capital for expansion can be tough for smaller wineries, vineyards and wine-related businesses. Despite the wine industry's recovery back to pre-recession profitability, many banks shy away from complex, cyclical, commodity-driven businesses like wine. Comment?
Sunday | via Housing Wire
A California cooling effect could put a freeze on nationwide appreciation and a sustained housing recovery, according to the latest report from Clear Capital. Since 2012, the churn of California price appreciation has buoyed the West, and helped support nationwide appreciation. Comment?
Sunday Oct 4 | via The Fresno Bee
Keith Swinger and Latishia Sharer , a Fresno Wells Fargo home mortgage team, earned the top 10 percent award in the nation for July 2015. In data just released by the Centers for Medicare and Medicaid Services, HealthCare California achieved an Acute Care Hospitalization rate of 9.5 percent for July compared to a state rate of 19.5 percent and a national rate of 24.4 percent. Comment?
Friday Oct 2 | via Dr. Housing Bubble Blog
The Case Shiller Index is one of the better long-term measures of housing price changes. It looks at repeat home sales so you know what you are tracking versus say an area where new home sales are jacking prices up while old crap shack stucco boxes lag the market. Comment?
Friday Oct 2 | via RollingStone
Wells Fargo was forced under the terms of a robo-signing settlement to launch its much-lauded home-buyer assistance program. All over the country, Wells Fargo is making headlines for launching a multimillion-dollar homeowner assistance program called HomeLIFT, which among other things offers $15,000 down payment grants to prospective home-buyers. Comment?
Friday Oct 2 | via National Mortgage News
Rebecca Mairone scarcely deserves a mention in the annals of finance, except for this: She's the only executive of a major U.S. mortgage lender found liable for her part in the 2008 financial crisis. Mairone was chief operating officer for a division of Countrywide Financial Corp., the California giant that came to symbolize the excesses of the subprime era. Comment?
4 min ago | via DNA India
At 7.5%, growth to beat China's 6.3% in 2016; global growth next year is forecast at 3.1% Indian economy is expected to grow faster than other major emerging economies, said the International Monetary Fund has said, projecting a growth rate of 7.5% for India in 2016 as against China's 6.3%. "Growth in India is expected to rise above the rates in other major emerging market economies," the IMF said in its latest World Economic Outlook update. Comment?
11 min ago | via Reuters
Britain's financial watchdog said on Wednesday it has begun a review of the mortgage market to see if there are areas where competition may not be working well or could be improved. The regulator's action comes alongside increasing pressure on the British government over a housing shortage in parts of the country and rising house prices that have put owning a home out of reach of many people. Comment?
55 min ago | via The New Zealand Herald
One of Remuera's most glamorous homes has sold for $14 million - $4 million above its capital value determined just last year. The 3400m2 mansion belonged to former multimillionaire beer baron Sir Douglas Myer. Comment?
57 min ago | via Stuff.co.nz
"Divorce thrusts many mid-lifers back into the rental sector, suddenly pricing them out of ownership and back into the student digs they imagined they'd left behind." Dinner parties can often be a bore, but there are few things more tedious than being the lone renter at the table, forced to endure endless discussions about mortgage rates, housing bubble, and how Sam and Jennifer have been "clever" with their brand new purchase. Comment?
1 hr ago | via Reuters
JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including Bank of America view as risky. In the first half of 2015, the bank bought 62 percent of the $58 billion in home loans it added to its books, compared with 56 percent in 2014 and 37 percent in 2011. Comment?
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