Colton Real Estate News
Real Estate news for Colton, CA continually updated from thousands of sources.
Friday Jul 17 | via Patch.com
The median price of a home in Riverside County rose by 5.5 percent in June, compared with the same month a year ago, while the number of homes soared by 17.6 percent, a real estate information service announced. According to CoreLogic, the median price of a Riverside County home was $315,000 last month, up from $298,500 in June 2014. Comment?
Thursday Jul 16 | via Patch.com
Foreclosure activity in Riverside County dropped by double digits in the first half of the year, but the county remained among the leading foreclosure markets in the state, according to figures released today by a real estate tracking firm. Between Jan. 1 and June 30, 5,375 mortgage default notices, auction sale notices and bank repossessions were recorded countywide. Comment?
Thursday Jul 9 | via The Press-Enterprise
The Riverside County property assessment roll has been valued at $242.7 billion, nearly the pre-recession total valuation reached in 2008, county officials announced. The 5.78 percent increase from 2014, the third consecutive year of growth in property values, put Riverside County closer to its 2008 peak assessment roll of $242.9 billion, according to a report released by Assessor-County Clerk-Recorder Peter Aldana. Comment?
Tuesday Jul 7 | via The Press-Enterprise
Restitution checks that will collectively total $820,000 will be mailed to 121 victims, among them some from the Inland area, of a foreclosure avoidance scheme that put William Hutchings and nine others behind bars, San Diego County prosecutors say. The case, prosecuted in 2009, had Hutchings and others convincing people who wanted to avoid foreclosure to turn over grant deeds to their homes in Riverside and San Diego counties. Comment?
Jun 24, 2015 | via Housing Wire
A new study from RealtyTrac and Down Payment Resource shows the top 10 and bottom 10 markets in the U.S. in terms of affordability and accessibility for low down payment borrowers. According to RealtyTrac and Down Payment Resource, the study reviewed 370 counties, and ranked each based on how it scored in five metrics: affordability of house payment in April 2015 relative to its historical average; maximum income allowed for homeownership programs relative to median income; maximum home price allowed for down payment help relative to median home prices; average down payment program benefit relative to median home prices; and number of homeownership programs available relative to total housing units. Comment?
Monday | via Los Angeles Times
Welcome to California Inc., the weekly newsletter of the L.A. Times Business section. I'm assistant Business editor Nancy Rivera Brooks filling in for David Lazarus. Comment?
Saturday Jul 25 | via The Alpenhorn News
Local Farmer's Insurance Agent Shelli Wimmer told those attending a recent meeting of Crestline Connect, a networking group of businesses and community leaders, that most California admitted insurance companies working under the rules of the California Insurance Commissioner are not writing any new homeowners policies until the Lake Fire in the San Gorgonio Wilderness Area is declared 100 percent contained. That may be a while; a long while, according to fire officials who say full containment on the devastating wildland fire isn't expected until winter. Comment?
Monday Jul 20 | via Vallejo Times-Herald
Only 23 U.S. cities are worse than Vallejo for first-time home buyers, according to a new WalletHub study. The study found half the 10 worst cities for first-time home buyers - and none of the top 10 best - are in California. Comment?
Thursday Jul 23 | via Natl. Relocation & Real Estate
California pending home sales continued to gain steam in June, registering seven months of continued annual increases and the fifth consecutive month of double-digit increases, according to the CALIFORNIA ASSOCIATION OF REALTORSA . In a separate report, California REALTORSA responding to C.A.R.'s June Market Pulse Survey saw a reduction in floor calls, listing appointments, and open house traffic, compared with May. The Market Pulse Survey is a monthly online survey of more than 300 California REALTORSA , which measures data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year. Comment?
Thursday Jul 23 | via Dr. Housing Bubble Blog
Los Angeles one of the top area Americans are ditching: Areas losing Americans but gaining people from outside the country. I've talked about the reality that many native Californians have been leaving the state in droves over the past decade. Comment?
18 min ago | via Reuters
Canadian mortgage lender Home Capital Group said it had suspended contracts with 18 independent brokers and two brokerages, or 45 individual brokers, after an investigation found they had falsified information about borrowers' incomes. There was no evidence that these brokers had falsified credit scores or property values, Home Capital said on Wednesday, adding that it had released the information after a request from the Ontario Securities Commission. Comment?
1 min ago | via MarketWatch
Even though Felix Salmon thought I shouldn't be, I was so very proud of this column each time it was published. Every column. Comment?
10 min ago | via The Age
Debt can feel like an anchor tied to your feet. Credit cards and payday loans can drown borrowers in interest charges, student loans can ruin graduates' post- college plans, and underwater mortgages can trap homeowners. Comment?
13 min ago | via Freshnews
E Mortgage Management's Kevin Crichton shares Insight on how to make the right housing decision. The choice between buying a home and renting one is among the biggest financial decisions that many adults make. Comment?
45 min ago | via Mortgage News Daily
Bottom Right Default State Name: State Name underscore: State Name dash: State Name lower underscore: State Name lower dash: State Name lower: State Abbreviation: State Abbreviation Lower: It is a continuously updated stream of news from around the web Visit throughout the day for the latest breaking news. For many in the "boomerang generation," the young adults who moved in with their parents after the recession hit, a job and a paycheck have not proved reason enough to fly the coop. Comment?
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