Lexington Hills Real Estate News
Real Estate news for Lexington Hills, CA continually updated from thousands of sources.
Yesterday | via Inman News
Among 40 counties with a population of at least 1 million people, those with the highest gross rental yields were Wayne County, Michigan, in the Detroit metro area ; Cuyahoga County, Ohio in the Cleveland metro area ; Allegheny County, Pennsylvania, in the Pittsburgh metro area ; Philadelphia County, Pennsylvania ; and Franklin County, Ohio in the Columbus metro area . Counties with the lowest annual gross rental yields were Arlington County, Virginia, in the Washington, D.C., metro area ; Williamson County, Tennessee, in the Nashville metro area ; Santa Cruz County, California ; Norfolk County, Massachusetts, in the Boston metro area ; and Santa Clara County, California, in the San Jose metro area . Comment?
Wednesday Mar 15 | via Santa Cruz Sentinel
SANTA CRUZ >> Historic winter storm damage left 20 Santa Cruz County dwellings unfit for habitation. The county expects to learn this week whether such uninsured losses qualify for low-interest Small Business Administration disaster loans. Comment?
Friday Mar 10 | via Santa Cruz Sentinel
If your goal is to buy a replacement home before you sell your current home or if you plan to keep your current home as a rental and buy a move-up home, your lender will have to use the PITI of both houses when calculating your debt-to-income ratio. The debt on your current home will negatively impact your purchasing power for your next home. Comment?
Monday Feb 27 | via Santa Cruz Sentinel
Median price: $810,000 Listings: 263 Sales volume: 115 Unsold Inventory Index: 2.3 months Median price: $486,000 Listings: 68 Sales volume: 38 Unsold Inventory Index: 1.8 months SANTA CRUZ >> For all those wannabe homebuyers who wonder why so few homes are for sale, veteran Santa Cruz appraiser Glenn Fuller offers this explanation. “So many properties are in held in trust,” he said. Comment?
Feb 10, 2017 | via Santa Cruz Sentinel
Despite their popularity, FHA loans remain somewhat of a mystery for most prospective homebuyers. There are many myths that surround these loans because loan approvals were once much more stringent than they are today. Comment?
13 hrs ago | 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?
Monday Mar 20 | via Credit.com
Millennials in Ohio are getting the most affordable mortgages, with Toledo, Akron, Lakewood and Dayton claiming four of the top 10 cities with the lowest average mortgage amounts for the age group, according to LendingTree. California, however, is on the opposite end of the spectrum, with four of the 10 cities with the highest average mortgage amounts: San Francisco, San Jose, Los Angeles and San Diego. Comment?
Sunday Mar 19 | via Pasadena Star-News
Lifelong Californian Lori Thompson is well aware of the state's dire affordable housing problem. She's just wondering why she's the one who has to pay to fix it. Comment?
5 min ago | via Fox News
When most people think of safe places to put their money, their minds leap to classic low-risk investments like Treasury bonds, or to simply stashing cash under the proverbial mattress. If you plan to hold on to that money for a long time, though, those options are going to lose the battle with inflation. Comment?
33 min ago | via The Globe and Mail
Two days before Wednesday's federal budget, Ontario Finance Minister Charles Sousa threw one of his government's hottest potatoes into the lap of the federal government. Facing outrage in the Toronto area about runaway house prices, Mr. Sousa said on Monday that he had written to federal Finance Minister Bill Morneau urging him to raise the amount of capital-gains tax that investors must pay when they sell a house that is not their principal residence, arguing it would curb speculation in Toronto's market. Comment?
1 hr ago | via Fox News
Homeowners who refinanced a $200,000 mortgage in the first quarter of 2015 have already saved thousands of dollars, according to Freddie Mac. Unfortunately, many other homeowners have not taken advantage of the recent low interest rates -- and their inaction has come at a big cost: A study published in Journal of Financial Economics revealed that homeowners missed out on $5.4 billion in savings because 20% of homeowners who would have benefited from refinancing did not pursue the option . Comment?
1 hr ago | via Inman
Carlo Siracusa is the new head of residential sales for Weichert, Realtors. "In this role, Siracusa will be responsible for leading sales production and sales force growth for Weichert, Realtors, while delivering Weichert's full-service value proposition to all of its customers," said the company in a release. Comment?
1 hr ago | via Reinke Faces Life
The desire to pay off the mortgage before retiring is based on a false paradigm and a obsolete meme. The false paradigm is that it's "safe" not to have a payment in retirement when your earnings are reduced. Comment?
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