Davenport Real Estate News
Real Estate news for Davenport, CA continually updated from thousands of sources.
19 min ago | via Santa Cruz Sentinel
SANTA CRUZ >> In mid-June, after sales of million-dollar homes in Santa Cruz County took off, Aptos real estate broker Sebastian Frey sounded a cautionary note. "You know what they say: What goes up, must come down ... the real estate market has been on a real tear for some time now ... but is this crazy seller's market finally starting to peter out?" he wrote to clients in his newsletter, Santa Cruz Home Prices. Comment?
Friday Sep 19 | via Santa Cruz Sentinel
Borrowers have choices when they apply for a mortgage. They may go to a bank such as Wells Fargo, Bank of America or Chase or they may apply for a loan at a mortgage company. Comment?
Aug 20, 2014 | via Santa Cruz Sentinel
With a VW bus harkening back to a bygone era passing on 41st Avenue, the house at 4100 Opal Cliffs Drive, which is listed for 5.35 million, rises in the background in the real estate reality of 2014. Comment?
Aug 15, 2014 | via Santa Cruz Sentinel
Habitat For Humanity volunteers work on Los Esteros Court in Live Oak, as the first of seven units begins to take shape Tuesday. Comment?
Jul 31, 2014 | via Scotts Valley Banner
The Brookdale Lodge's new owner Pravin Patel, a Santa Cruz-based hotelier, plans to revive the troubled landmark. Comment?
7 hrs ago | via Business Journal
This marks the third office in the region for Seattle-based bank, which for nearly two years has been opening mortgage loan production offices in California. The new office is at 3017 Douglas Blvd., and it will be managed by Brook Baker , a 23-year banking veteran, most recently with Provident Bank Mortgage and JP Morgan Chase . Comment?
17 hrs ago | via Jewish World Review
Eight years after one of the most severe housing market downturns in history, the slow recovery has finally stanched the bleeding of existing home values. In the past year have experienced the largest increases, ranging from 11.4% to 20.5%, in existing single-family home prices among cities with population of more than 250,000 for the year ending . Comment?
Sunday | via Post and Courier
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound while drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry analysts expect strong growth as the housing market improves, particularly in once-hard-hit Sun Belt areas including Phoenix, Miami and San Diego, and aging Americans find value in growing old in their homes. Comment?
Friday Sep 19 | via Business Journal
Comstock, which has 16 offices and 180 employees, originated $600 million in mortgages in 2013. For the past several years, Comstock has been acquiring other mortgage companies. Comment?
Thursday Sep 18 | via LA Daily News
Southern California has been called the Silicon Valley of toxic lending since many of the mortgage companies that originated problematic mortgages were headquartered here. Now the successor of one of the biggest culprits of the financial crisis that devastated California communities is poised to take part in a $70 billion bank merger. Comment?
14 min ago | via Iol.co.za
US stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the rate of growth in the economy. Equities were also pressured after China's finance minister indicated the country would not increase stimulus measures in response to some weak data of its own. Comment?
18 min ago | via Barron's
Shanghai Securities News today said China's four largest policy banks - ICBC , Bank of China , Agricultural Bank of China and China Construction Bank - may relax the standard for "first-home purchases" to support China's sliding property market. Those qualified as "first-home purchases" only need to put down 30% down payment and enjoy relatively cheap mortgage. Comment?
25 min ago | via Townhall
With cash-paying investors on full retreat, existing home sales dropped 1.8% in August , according to the National Association of Realtors. Lawrence Yun, NAR chief economist says that's a good thing because "first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country." Comment?
28 min ago | via Credit.com
There's a consensus in the student loan world that students and their families should consider taking out federal loans before applying for private ones , and there are sound reasons behind that logic: Many federal student loans have benefits like a repayment grace period, the option of applying for income-based repayment and loan-forgiveness programs . Federal loans are easier to get for undergraduate students , and they tend to carry lower interest rates than private loans. Comment?
28 min ago | via Natl. Relocation & Real Estate
Overall, Americans are more confident in their housing market than at the start of the year, buoyed by optimism among millennials but with tempered expectations in general for future market performance, according to the latest ZillowA Housing Confidence Index . The headline U.S. ZHCI rose to 64.2 over the summer, up from 63.7 in January, and housing confidence increased among residents of 11 of the 20 major metro areas surveyed. Comment?
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