Lafayette Real Estate News
Real Estate news for Lafayette, CA continually updated from thousands of sources.
Monday Jun 29 | via Pleasanton Weekly
The East Bay's luxury housing market closed out the spring home buying season on a roll with sales climbing more than 22% last month from a year ago. A report by Coldwell Banker Residential Brokerage, based on Multiple Listing Service data of all homes sold for more than $1 million in May in Alameda and Contra Costa counties, showed that a total of 485 luxury homes changed hands, up 22.7% from the 395 high-end sales in May 2014. Comment?
Thursday Jun 18 | via Vallejo Times-Herald
May's figures are in and home sales in Solano County far outpaced the rest of the Bay Area, likely at least in part because the median price here is half what it is in the rest of the region. The number of homes sold in the Vallejo-Fairfield area last month was up nearly 25 percent compared to May, 2014, while the next sharpest increase was Contra Costa County's nearly 5 percent rise, CoreLogic's latest report shows. Comment?
Monday Jun 8 | via Courthouse News Service
A Bay Area mortgage company runs illegally rewards employees for steering customers into higher interest loans, the Consumer Financial Protection Bureau claims in court. The Consumer Financial Protection Bureau sued RPM Mortgage and its CEO Erwin Robert Hirt in Federal Court. Comment?
May 22, 2015 | via East Bay Express
Stories you shouldn't miss: 1. A federal grand jury has opened a criminal probe into the cozy relationship between PG&E and the state agency that was supposed to regulate it - the California Public Utilities Commission , the Chron $ reports. As part of the probe, investigators served search warrants on the homes of former CPUC chair Michael Peevey and ex-PG&E executive Brian Cherry. Comment?
May 21, 2015 | via Santa Cruz Sentinel
April home sales in the Bay Area increased 13.5 percent from March totals and 2.4 percent from April 2014 sales. The 7,778 new and existing houses and condominiums sold in the region's nine counties is the second highest April total since 2006, only trailing April 2013, when 7,801 homes sold. Comment?
9 min ago | via Star-Progress
In this photo May 28 photo, California Gov. Jerry Brown speaks at a gathering of political, business and community leaders at the annual California Chamber of Commerce Host Breakfast in Sacramento. Several California lawmakers and community assistance groups are calling on Brown to repay more than $331 million in funds intended to help homeowners struggling with foreclosures that the state siphoned off to help deal with its budget crisis. Comment?
11 min ago | via The Daily Republic
Several California lawmakers and community assistance groups are calling on Gov. Jerry Brown to repay more than $331 million in funds intended to help homeowners struggling with foreclosures that the state siphoned off to help deal with its budget crisis. A Sacramento County judge found that the governor and state Legislature unlawfully diverted most of a fund that was part of a $25 billion settlement between five major banks and nearly every state in 2012. Comment?
6 hrs ago | via West north
The same divergence in fortunes appears to be accentuating price differentials between metropolitan sectors . In an economy where the rich are getting richer than everyone else, the rich side of town is also increasing its comparative advantage over everywhere else. Comment?
Thursday Jul 2 | via The Item Extra
It's one of the most common lies that home buyers tell mortgage lenders, and it may be on the upswing: In order to get a lower interest rate and down payment, applicants say they plan to occupy the house as a principal residence when in fact they have no such intention. The incidence of occupancy misrepresentation rose 20 percent between 2011 and 2013, according to giant investor Fannie Mae's latest sampling of loans involving known fraud. Comment?
Wednesday Jul 1 | via Dr. Housing Bubble Blog
The rise of inventory in Southern California: Inventory is up 70 percent from 2013 in Orange, Riverside, and San Bernardino counties. Real estate markets are notoriously slow when it comes to shifting momentum. Comment?
4 min ago | via Cape Gazette
Nearly every weekend, hundreds of signs go up throughout Sussex, directing traffic to new developments and realtors' open houses. While helpful to people looking for a new home, commercial signs do not belong in public rights of way. Comment?
20 min ago | via Curbed
This place used to be the guesthouse on Walt Disney's old estate near Palm Desert, and he'd come here to kick back with his famous friends , party, and maybe do a little ziplining . The one-bedroom, which sits on three acres of gloriously open desert, came up for sale in April 2014 asking $595,000, but apparently that went very poorly. Comment?
25 min ago | via Switched
For decades the idea of a financial transactions tax , in effect a modest sales tax on stock, bonds, derivatives and other financial assets, has been a fringe idea pursued by a small group of progressive politicians. While the concept had drawn the interest of many of the world's most prominent economists, including former Treasury Secretary Larry Summers, and Nobel laureates Joe Stiglitz, James Tobin, and Paul Krugman, few political figures in the United States were willing to go near an FTT. Comment?
30 min ago | via KMPH-TV Fresno
Some California lawmakers and community assistance organizations are calling on Gov. Jerry Brown to repay more than $331 million that was intended to help homeowners facing foreclosures. A Sacramento County judge ruled that the governor and state Legislature unlawfully diverted most of a fund that was part of a settlement between states and major banks after the mortgage crisis. Comment?
34 min ago | via Seeking Alpha
Shares have done well since initiation having appreciated 8.5% while investors have been paid a handsome 3.4% yield as well. Community Bank System continues to look like an excellent long position in its space of regional banking. Comment?
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