Los Gatos Real Estate News
Real Estate news for Los Gatos, CA continually updated from thousands of sources.
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?
Feb 9, 2017 | via Santa Cruz Sentinel
SANTA CRUZ >> As yet another curtain of heavy rain was drawn over Santa Cruz County on Thursday afternoon, mudslides and downed trees continued to block roads, destroy property and threaten lives. On the banks of the San Lorenzo River in Boulder Creek, Kirk and Valerie Hollen's Irwin Way home sagged under tons of mud. Comment?
9 hrs ago | 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 | 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?
Sunday Mar 19 | via Fox News
"We all need to save money to send our kids to college, to buy our first house, and to retire. But the truth is that most of us don't save very much." Comment?
6 min ago | via Business Wire
Revenue for the third quarter was $1.2... )--Cherry Hill Mortgage Investment Corporation announced today that it is offering 4,500,000 shares of its common stock in an underwritte... )--Orion Engineered Carbons S.A. announced today that Kinove Luxembourg Holdings 1 S.a.r.l. and certain other se... )--Ruby Tuesday, Inc. will release results for its fiscal third quarter after the close of financial markets on Thursday, April 6, 2017 which will be followed... )--Research and Markets has announced the addition of the "World Baking Powder Market - Opportunities and Forecasts, 2014 - 2022" report to their offering. Comment?
7 min ago | via Business Wire
Neo uniquely brings together Synechron's digital, business and technology consulting to allow financial institutions to deploy cutting-edge, AI solutions that solve complex business challenges. Synechron has built 14 reusable applications - Accelerators - that allow financial institutions to reduce time-to-market when applying AI to enhance business operations, reduce operating costs, and create better client experiences. Comment?
1 hr ago | via Financial Times
What does this show? This shows the share price of the start-up digital estate agency Purplebricks since November 1. Its share price has more than doubled to 289p over that period - while those of two rival estate agencies, using the traditional branch-based model, have fallen. Why are investors so keen on Purplebricks? This company, launched by former lawyer Michael Bruce and his brother Kenny in 2014, is backed by the well-known equity investor Neil Woodford , who owns a 26 per cent stake. It aims to disrupt the estate agency market using a "hybrid" model in which vendors of homes pay a fixed fee, rather than the percentage-based charges of traditional agencies. Comment?
15 min ago | via Credit.com
If you're expecting a big tax refund this year, you've probably already decided what you're going to do with that money. Whether it's a vacation, a new jet ski or a nice boost to your retirement savings, you're probably pretty excited about the extra cash. Comment?
23 min ago | via The Washington Post
The Manhattan tower co-owned by the family of Jared Kushner, President Donald Trump's son-in-law, has been losing money for three years and faces increasing loan fees in 2017, which may explain why the family has been negotiating with Chinese insurance behemoth Anbang on new financing. The fees, at 666 Fifth Avenue, kicked in last month and escalate with each payment until the loan is repaid, a 2011 refinancing agreement shows. Comment?
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