Foothill Ranch Real Estate News
1 hr ago | via Dr. Housing Bubble Blog
The Los Angeles and Orange County area becomes even more unaffordable when it comes to housing: In last two years home prices up 28 percent while wages are up 2 percent. L.A. is the most unaffordable housing market in the entire country. Comment?
Yesterday | via Los Angeles Times
Mortgage rates fell this week, with lenders offering a 30-year fixed loan at an average of 3.69%, down from 3.78% a week ago, Freddie Mac said. The mortgage giant's weekly survey, released Thursday, showed the average rate on a 15-year fixed mortgage fell to 2.97% from 3.06% last week. Comment?
Yesterday | via Los Angeles Times
Home prices have grown far faster than wages in Southern California over the last two years, a new report says. Home prices have grown far faster than wages in Southern California over the last two years, a new report says. Comment?
Wednesday Mar 18 | via The Orange County Register
Californians spend an average of 27 percent of their income on housing, compared to a national average of 23 percent, a state report said. Orange County needs to build 7,000 more homes a year than it is currently building to make housing more affordable, the state Legislative Analyst's Office reported this week. Comment?
Tuesday Mar 17 | via The Wave
That tops the pre-recession peak by $45,000, spurred by sky-high land costs, heftier construction costs and rising demand from Chinese buyers and move-up home shoppers with large down payments, experts said. "It's getting more and more difficult to build a new home for under $800,000," said Irvine housing consultant John Burns. Comment?
Wednesday | via Natl. Relocation & Real Estate
Freddie Mac recently released its updated Multi-Indicator Market IndexA showing that the U.S. housing market experienced some winter doldrums. While an improving labor market and attractive mortgage rates continue to promise a strong spring homebuying season, housing market stability stumbled a bit due to the cold winter and a softening of economic growth. Comment?
Wednesday | via The Heartland Institute
Important attention has been drawn to the shameful condition of middle income housing affordability in California. The state that had earlier earned its own "California Dream" label now limits the dream of homeownership principally to people either fortunate enough to have purchased their homes years ago and to the more affluent. Comment?
Wednesday | via The Auto Channel
March 25, 2015: Every day is Earth Day during the month of April along the 101 mile California Highway 1 Discovery Route. Visitors can participate an entire month of stewardship travel adventures, wine and culinary events, and lodging deals from more than 500 hotels, motels, B&Bs and vacation rentals along 10 destinations located along Coastal San Luis Obispo County. Comment?
Tuesday Mar 24 | via Independent Women's Forum
The middle class is the backbone of our country. It's been an aspiration for the poor or those new to our shores. Comment?
Wednesday | via The Signal
Keep Your Home California recently announced a new pilot program to help low- and moderate-income senior homeowners avoid foreclosure on their reverse mortgages. Senior homeowners who are at risk of losing their home to foreclosure due to delinquent property expenses associated with their Federal Housing Administration insured reverse mortgages could qualify for as much as $25,000 in assistance. Comment?
5 min ago | via Canada.com
You love it - so we're extending it! The massive likeitbuyitvancouver.com online sale presented by the Vancouver Sun and Province will be extended two days, due to huge shopper demand. Lilies and dahlias. Comment?
9 min ago | via The Big Picture
2. Consumer prices rose 0.2% in February, in line with expectations. 3. Initial jobless claims fell to 282k, 8k less than expected. Comment?
6 hrs ago | via Financial Times
Cluster of towers is reshaping the city's skyline as well as the market for top-tier residential real estate When 432 Park Avenue opens in New York later this year it will be the tallest condominium building in the US. At 1,396ft and with 96 storeys, the slender tower in Midtown Manhattan will be 146ft higher than the Empire State Building and the tallest residential building in the western hemisphere, its developer says. Comment?
13 hrs ago | via National Mortgage News
Housing affordability has shrunk as the issuing of new housing permits has failed to keep pace with population growth in cities across the country, according to research from Zillow. The cities that have maintained affordability the best are those that have either experienced low rates of population growth or have kept in step with that growth by building more housing units, according to the report published March 27 by Zillow. Comment?
11 min ago | via Housing Wire
B2R Finance , a lender for single-family residential rental property investors, announced the first multi-borrower SFR securitization transaction in the industry. The new transaction is expected to consist of $230 million aggregate principal balance pass-through certificates rated by at least two rating agencies and backed by 144 mortgage loans. Comment?
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