Lake Elsinore Real Estate News
Real Estate news for Lake Elsinore, CA continually updated from thousands of sources.
Friday Jan 16 | via Patch.com
Foreclosure activity in Riverside County dropped 16 percent last year, but despite fewer houses going on the auction block, the county remained one of the leading foreclosure markets in the state, according to figures released Thursday by a real estate tracking firm. In 2014, a total 10,850 mortgage default notices, auction sale notices and bank repossessions were recorded countywide. Comment?
Friday Jan 16 | via The Press-Enterprise
Blomquist expects to see more homeowner confidence in the market in 2015 as a result, and it's likely that builders will be pouring more slabs for new home construction. "I think we're at a point where nobody is concerned that there is enough foreclosures lurking out there that it will derail the housing recovery," Blomquist said, adding this spoiler alert: One last gasp of foreclosure activity is at the doorstep, and likely to hit in the middle of the year. Comment?
Thursday Jan 15 | via CBS Local
RIVERSIDE - Foreclosure activity dropped markedly last year in Riverside County, but the region remains one of the leading foreclosure markets in the state, according to figures released Thursday by a real estate tracking firm. In 2014, a total 10,850 mortgage default notices, auction sale notices and bank repossessions were recorded countywide, a 16.29 percent drop from 2013 - and 84 percent lower than in 2009, the year market analysts agree was the worst of the Great Recession in many locations. Comment?
Wednesday Jan 14 | via The Orange County Register
The median home price - the price at the midpoint of all sales - was $591,000 for housing deals that closed in December. The Orange County housing market ended 2014 on a so-so note, with home prices up a little, sales trending downward and another lackluster year forecast for 2015. Comment?
Wednesday Jan 14 | via Lake Elsinore Valley News
The median price of a home in Riverside County rose by 7.1 percent in December, compared with the same month a year ago, while the number of homes sold jumped by 13 percent, a real estate information service announced today. According to CoreLogic DataQuick, the median price of a Riverside County home was $300,000 last month, up from $280,000 in December 2013. Comment?
18 hrs ago | via OpEdNews
Homeowner's Associations, created by deed provisions to serve homeowners in condominium developments, are often at odds with individual owners of units. Just last week, news out of New York reported that an HOA was suing a homeowner for parking his own pickup truck in his own driveway. Comment?
20 hrs ago | via WTHR-TV Indianapolis
Several dozen people with candles and protest signs gathered near the alley where Denver police officers fatally shot a 16-year-old girl, recalling her bright smile and demanding answers about the deadly encounter. Some residents are calling for a special prosecutor to investigate the Denver officers who shot and killed a 16-year-old girl who police say hit an officer with a stolen car. Comment?
Yesterday | via CNN
That's according to a new report from RealtyTrac, which estimates that 7.3 million so-called "boomerang buyers" will return to the U.S. housing market over the next eight years. Foreclosures and short sales skyrocketed after 2007 during the darkest years of the financial crisis and Great Recession. Comment?
Sunday Jan 25 | via Seeking Alpha
Royal Bank of Canada just announced another big move into the US. In a deal expected to close in the fourth quarter of 2015, Royal is acquiring City National Bank, a California-based full-service bank catering to high net worth clients across a wide variety of industries. Comment?
Thursday Jan 22 | via National Mortgage News
Rising home prices have helped the nation's homeowners by increasing equity and lifting more of them out of 'underwater' mortgage situations - where the combined loan amount owed is higher than the home's estimated market worth. According to a new report released today by RealtyTrac Inc., a California-based real estate data firm, the number of properties in the United States that were 'seriously underwater,' that is, where the loan amount owed is at least 25 percent higher than the home's market value, dropped to 13 percent at the end of 2014. Comment?
6 min ago | via Florida Trend
Scott has already announced key portions of his budget recommendations, including his push to cut roughly $500 million in taxes. State lawmakers will use the proposed budget as a framework for a final budget. Comment?
9 min ago | via Sydney Morning Herald
Mortgage delinquencies have dropped across the nation over the past year, but lower-income earners on the fringe suburbs of Melbourne, Sydney and Brisbane are still doing it tough, a new report shows. Ratings agency Fitch says low and stable interest rates have helped home owners make the required monthly payments on their loans. Comment?
14 min ago | via Warsaw Business Journal
The results of a survey on a sample of 1521 companies, conducted by the central bank of Poland , show that as much as 40 percent of the companies are planning to start investment projects this year. "The percentage of companies, which aim to invest in Q1 2015 and in the whole 2015 has improved This content is for Silver 6 months, Gold 1 Year and Bronze 2 weeks members only. Comment?
22 min ago | via Business World
The pace of home price growth will slow drastically this year to between 5pc and 10pc after today's figures showed a national rise of 16.3pc and 22.3pc in the Dublin area. That's according to the DNG Annual Review 2014 and Outlook 2015 report today, which also welcomed the fact that the Central Bank has now clarified its intentions as the uncertainty was not good for the market over the last number of months. Comment?
22 min ago | via Independent Weekly
I was unable to attend the World Economic Forum , held each January at Davos in the Swiss Alps. The crme de la crme were there, of course, and concerned about the stagnant state of the global economy, which is in a rut of slow growth and lagging wages despite the fabulous wealth of a few. Comment?
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