East Palo Alto Real Estate News
Real Estate news for East Palo Alto, CA continually updated from thousands of sources.
Saturday | via San Mateo Daily Journal
The median price for a home in the Bay Area increased 7.6 percent in February compared to the same month last year, according to the real estate research firm CoreLogic. February 2017 posted the largest year-over-year price hike since last fall as sales slowed by 3.3 percent for the month, which posted the lowest sales rates in nine years. Comment?
Friday | via Lake County Record-Bee
Bay Area home sales dipped in February, but median prices rose once again from the year before as buyers competed for the region's chronically thin supply of homes. There were 4,767 homes sold last month, down 3.3 percent on a year-over-year basis. Comment?
Thursday Mar 23 | via Pacifica Tribune
Photo shows a house for sale in Oakland in 2016. A new report says Bay Area home sales dipped in February, though median prices rose for the 59th consecutive month on a year-over-year basis. Comment?
Thursday Mar 23 | via Bloomberg
As rents and home prices in the most productive megacities continue to climb, the obvious question is whether this is sustainable. Will New York, San Francisco and London become unstoppable juggernauts, soaking up more talent and becoming more expensive each year? Maybe not. Comment?
Friday Mar 17 | via Mountain View Voice
February stats are out for home sales in San Mateo and Santa Clara counties. For San Mateo County, single-family homes under $1 million, the median price was $828,000 and for single-family homes more than $1 million, the median price was $2,280,000. Comment?
6 hrs ago | via GlobeSt.com
Wallick & Volk Mortgage, the oldest privately held mortgage company in the United States, is pleased to announce the official opening of its newest branch in Irvine, California, March 27, 2017. Senior Vice President Bill Lawton leads the Irvine office and Wallick & Volk's California team. Comment?
11 hrs ago | via San Mateo Daily Journal
Some like to claim that Proposition 13 has decimated local government revenue and made California a low property tax state, but this is hardly the case. While Proposition 13 has succeeded in preventing property tax hikes as large as many big-government proponents might wish , local governments are far from starved for revenue. Comment?
Friday Mar 24 | via The Fresno Bee
Home builders, housing advocates and Fresno leaders say a new law making its way through the California Legislature could raise home prices, widening the gap of housing affordability for central San Joaquin Valley families. Assembly Bill 199 , authored by Assemblyman Kansen Chu, D-San Jose, and the California Building and Construction Trades Council , a labor group, would require workers to be paid the prevailing wage rate on new, privately constructed homes built with any sort of public money or government agreement. Comment?
Wednesday Mar 22 | via The Wave
Attom reported 11,148 homes were flipped last year in the four-county region, down 3 percent vs 2015. Flips were 6.8 percent of all sales in the region. Comment?
Tuesday Mar 21 | via Los Angeles Times
Southern California home prices jumped in February, posting the largest increase in more than a year, as buyers rushed to outbid one another for a meager selection of homes for sale. The six-county region's median price for new and resale homes hit $460,000 last month, up $5,000 from January, real estate firm CoreLogic said Tuesday. Comment?
20 min ago | via Home
A 49-year-old Lowell man, who was already under indictment for allegedly stealing over $165,000 from homeowners facing foreclosure, was indicted on additional counts by a statewide grand jury Monday, as was his real-estate company. Attorney General Maura Healey said in a press release that Taing -- a Cambodian-American who speaks Khmer -- persuaded 11 homeowners of Cambodian descent to send their mortgage payments to his company instead of the holders of their mortgages. Comment?
25 min ago | via The Fresno Bee
The recognition helps the community development organization obtain the resources and coordination it needs to deliver and expand homeownership opportunities in the San Joaquin Valley. Self-Help serves as a "one-stop shop" for homebuyers helping them to navigate mortgage rates, the effect of credit scores on loans, down payments, and more through Gateway: Your Path to Homeownership program. Comment?
26 min ago | via The Age
Local stocks are set to edge higher, despite Wall Street's Dow Jones index falling for an eighth session and iron ore continuing to crumble. In case you missed it, a mystery buyer snapped up a near-10 per cent stake in Myer late yesterday afternoon, triggering a 14 per cent rally in the stock. Comment?
32 min ago | via The Chronicle-Journal
Premier Kathleen Wynne has said her government is working on a "comprehensive set of plans," to deal with rising home prices in the Greater Toronto and Hamilton Area , as well as rising rental rates. There is a "suite of options" available to Ontario, but the province must be careful to avoid "unintended consequences" from those measures, he said. Comment?
32 min ago | via The Chronicle-Journal
Kevin P.D. Smith, chair of the board of directors, said in a statement Monday that the Toronto-based mortgage lender requires leadership that can bring a renewed operational discipline, emphasis on risk management and controls, and focus on improving performance. The announcement comes two weeks after the company said it had received an enforcement notice from the Ontario Securities Commission relating to its disclosure that some loan applications had been falsified. Comment?
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