Coachella Real Estate News
Real Estate news for Coachella, CA continually updated from thousands of sources.
Thursday Jan 21 | via The Press-Enterprise
"December home sales, which were the highest for that month in six years, got a boost from a batch of transactions that normally would have closed in November," LePage said, "but were delayed by days or weeks as the industry adjusted to new federal mortgage rules that took effect in October." The company reported that 3,529 homes sold in Riverside County, a 30.2 percent increase over the 2,710 homes that sold in November. Comment?
Tuesday Jan 19 | via Patch.com
The median price of a home in Riverside County rose by 6.7 percent in December, compared with the same month a year ago, while the number of homes sold went up by 8.3 percent, a real estate information service announced Tuesday. According to CoreLogic, the median price of a Riverside County home was $320,000 last month, up from $300,000 in December 2014. Comment?
Tuesday Jan 12 | via KESQ-TV Palm Desert
According to new stats released by the California Desert Association of REALTORS, the Coachella Valley's real estate market closed 2015 on a positive note with a slight increase in the sales of existing homes in December. However, the median price of existing single-family home sales dropped to $307,750, down from $396,500 in December of 2014. Comment?
Dec 16, 2015 | via The Press-Enterprise
November was one of the slowest months for Southern California home sales in a quarter century, according to financial data company CoreLogic. The month's sales - a total of 16,122 new and existing homes and condos in six counties - were up from 2014 but 23.8 percent below the November average of 21,155 since the year 1988, CoreLogic's monthly report states. Comment?
Dec 4, 2015 | via The Press-Enterprise
The Federal Housing Finance Agency recently said it will keep the 2016 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000 on one-unit properties, and raised the cap to $625,500 in only four high-cost regions. California Association of Realtors president Ziggy Zicarelli said the state trade association is disappointed by the FHFA stance, saying it will hurt California's housing market. Comment?
Monday Feb 8 | via Pasadena Star-News
California is routinely ranked as one of the most expensive places to live in the nation, mostly due to our state's sky-high housing costs. In fact, the average price of a California home is roughly $440,000, more than double the national average of $179,000. Comment?
Jun 20, 2012 | via City Journal
Say this for the $92 billion budget that California's legislature sent to Governor Jerry Brown on Friday: at least it wasn't late. 'The deadline was met,' state senate leader Darrell Steinberg announced with little fanfare or much evident pride. Comment?
Oct 19, 2008 | via City Journal
Treasury secretary Hank Paulson has spent the past six months using the trillions of dollars in promises and loans that only the government is powerful enough to make to avert the immediate collapse of the insurance giant AIG and those two mortgage behemoths, Fannie Mae and Freddie Mac. Government officials had hoped that their actions would persuade the financial world's private lenders, trading partners, and customers to stop fleeing financial institutions in a Depression-style terror. Comment?
Friday Feb 5 | via Local TV Station KTVZ
The Oregon Department of Consumer and Business Services warned consumers Thursday not to seek loan modification services from Liberty One Mortgage, a California-based unlicensed and unregistered company that has engaged in mortgage fraud. The department, through its Division of Financial Regulation, has issued two orders requiring Liberty One Mortgage to stop all unlawful activity in Oregon and assessed $30,000 in civil penalties against the company. Comment?
Thursday Feb 4 | via Business Wire
A detailed list of rating actions follow... )--Fitch Ratings has affirmed 10 classes of UBS Commercial Trust 2012-C1 commercial mortgage pass-through certificates. A detailed list of rating actions follo... )--Westin Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc. , today announced that the highly-anticipated Westin Nashville will o... )--Second row in list of dates for release dated February 2, 2016, should read: Ex-date: 02/11/2016 . Comment?
Monday Feb 8 | via CKNW News Talk 980
The controversial real estate technique was uncovered in a bombshell Globe and Mail investigation this weekend, and has renewed the debate over what's driving housing prices in Vancouver. It allows realtors and investors to flip a property multiple times before a sale is even complete, jacking up the price along the way. Comment?
Monday Feb 8 | via AmericanBankingNews.com
According to Zacks, "Blackstone Mortgage Trust, Inc. is a real estate investment trust. It operates as a real estate finance and investment management company. Comment?
Monday Feb 8 | via AmericanBankingNews.com
According to Zacks, "Bankinter is in the financial services industry. They are a banking entity subject to the supervision of the Bank of Spain and the Spanish National Securities Market Commission. Comment?
Monday Feb 8 | via Seeking Alpha
Two Harbors Investment's stock is down ~26% over the last year as income investors turned their backs on the mortgage investment sector. Two Harbors retains potential to grow servicing income, though, and has a history of earning excess returns compared to the Pine River Mortgage REIT Index. Comment?
Monday Feb 8 | via The Globe and Mail
Vancouver MLA David Eby called for an independent inquiry Sunday. He credits The Globe investigation for pushing the government into doing something concrete about Vancouver's real estate woes. Comment?
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