Monterey Park Real Estate News
Real Estate news for Monterey Park, CA continually updated from thousands of sources.
8 hrs ago | via Los Angeles Times
Home prices in Los Angeles and Orange counties jumped 6.1% in May compared to a year earlier, according to a closely watched gauge released Tuesday. Nationally, home prices rose 4.4%, a slight pickup from the 4.3% increase recorded in April, the Standard & Poor's/Case-Shiller index showed. Comment?
Wednesday Jul 22 | via Los Angeles Times
Low-wage earners packed the Los Angeles County Board of Supervisors meeting, which ended with a vote to raise the minimum wage to $15 an hour by 2021. Low-wage earners packed the Los Angeles County Board of Supervisors meeting, which ended with a vote to raise the minimum wage to $15 an hour by 2021. Comment?
Thursday Jul 16 | via Whittier Daily News
Home sales across Southern California jumped 18 percent in June from a year ago, reaching their highest level since the summer of 2006 and indicating that the long-awaited residential real-estate market comeback is gaining traction, a tracking firm said Thursday. Sales rose by double digits percentage-wise in all six counties last month, said CoreLogic, and it was the biggest year-over-year jump in three years. Comment?
Jun 16, 2015 | via Whittier Daily News
Fueled by an increase in home sales, the assessed value of all taxable property in Los Angeles County rose 6.13 percent in 2015 - the largest jump since 2010 - the county assessor reported Thursday. Assessor Jeffrey Prang released the 2015 Assessment Roll, which showed the county's taxable properties were valued at a net total of $1.264 trillion, a $73.1 billion increase from last year. Comment?
Thursday Jul 16 | via Patch.com
The median price of a home in Los Angeles County rose by 8.7 percent in June, compared with the same month a year ago, while the number of homes soared by 18.2 percent, a real estate information service announced today. According to CoreLogic, the median price of a Los Angeles County home was $500,000 last month, up from $460,000 in June 2014. Comment?
Yesterday | via Los Angeles Times
Welcome to California Inc., the weekly newsletter of the L.A. Times Business section. I'm assistant Business editor Nancy Rivera Brooks filling in for David Lazarus. Comment?
Saturday Jul 25 | via The Alpenhorn News
Local Farmer's Insurance Agent Shelli Wimmer told those attending a recent meeting of Crestline Connect, a networking group of businesses and community leaders, that most California admitted insurance companies working under the rules of the California Insurance Commissioner are not writing any new homeowners policies until the Lake Fire in the San Gorgonio Wilderness Area is declared 100 percent contained. That may be a while; a long while, according to fire officials who say full containment on the devastating wildland fire isn't expected until winter. Comment?
Monday Jul 20 | via Vallejo Times-Herald
Only 23 U.S. cities are worse than Vallejo for first-time home buyers, according to a new WalletHub study. The study found half the 10 worst cities for first-time home buyers - and none of the top 10 best - are in California. Comment?
Thursday Jul 23 | via Natl. Relocation & Real Estate
California pending home sales continued to gain steam in June, registering seven months of continued annual increases and the fifth consecutive month of double-digit increases, according to the CALIFORNIA ASSOCIATION OF REALTORSA . In a separate report, California REALTORSA responding to C.A.R.'s June Market Pulse Survey saw a reduction in floor calls, listing appointments, and open house traffic, compared with May. The Market Pulse Survey is a monthly online survey of more than 300 California REALTORSA , which measures data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year. Comment?
Thursday Jul 23 | via Dr. Housing Bubble Blog
Los Angeles one of the top area Americans are ditching: Areas losing Americans but gaining people from outside the country. I've talked about the reality that many native Californians have been leaving the state in droves over the past decade. Comment?
53 min ago | via Freshnews
CHERRY HILL, N.J., July 28, 2015 /PRNewswire/ -- Kevin Crichton of E Mortgage Management discussed housing affordability and low-down payment program options. Crichton said: "Housing affordability is a critical factor for all residential homebuyers, especially in today's economic environment. Comment?
1 hr ago | via JD Supra
On July 20, 2015, Judge Scheindlin of United States District Court for the Southern District of New York denied HSBC Bank USA, NA's motion to dismiss claims brought by the National Credit Union Administration related to the administration of mortgage-backed securities worth $2 billion. NCUA alleges that HSBC failed to perform its duties as the indentured trustee for 37 RMBS trusts. Comment?
1 hr ago | via JD Supra
A mortgage lender has standing to foreclose even when it obtains assignment of the underlying promissory note after the note has been discharged in bankruptcy, a New York appellate court has ruled. The case arose after the borrower filed for Chapter 7 bankruptcy and named the servicer of the original lender as a creditor in the bankruptcy case. Comment?
10 min ago | via The New Zealand Herald
The price increases remain modest, but they are the largest since the Great Recession ended six years ago. These increases actually reflect a healthier economy as many businesses have finally grown confident enough to pass their own higher costs on to consumers without fear of losing customers. Comment?
12 min ago | via Business Journal
KeyBanc Capital Markets hasbrought on board a three-member lending team in San Francisco to focus on mid-sized companies. The move is part of a larger expansion effort in California. Comment?
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