Moraga Real Estate News
Real Estate news for Moraga, 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?
Yesterday | 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?
Wednesday Jul 1 | via National Mortgage News
After it all but stopped making real estate and development loans following the housing crash, the $5.6 billion-asset bank over the last two years has increased its total real estate loans by more than 61%, to $3 billion as of March 31. It is a figure that is likely to keep rising as California's real estate market heats up and the bank continues to add commercial real estate, construction and mortgage lending specialists to keep pace. "The commercial market is growing very strong here in California, more so than in other states," said Chairman and Chief Executive Daniel Walker. Comment?
Wednesday Jul 1 | via Mortgage News Daily
The Fourth of July is nearly here our very own Census Bureau has dished up some tasty numerical facts. The estimated U.S. population for July Fourth this year is 321 million, whereas in July 1776 the estimated number of people living in the newly independent nation was 2.5 million. Comment?
Sunday Jun 28 | via San Gabriel Valley Tribune
The Southern California real-estate market is feeling the sting of a changing climate, as a pair of new reports finds renters, would-be homebuyers and black households losing ground in the face of competition from investors and a widening racial wealth gap. In a survey of 80 community-based nonprofits, the California Reinvestment Coalition found that long-term tenants are being displaced by high rents while potential first-time homebuyers are losing out to all-cash offers from investors. Comment?
1 hr ago | via Planetizen
The focal point of California's vast Inland Empire, the suburban city of San Bernardino was brought to its knees by the Great Recession. Its civic bankruptcy and its emergence as a suburban slum is perhaps America's most tragic story of urban sprawl. Comment?
1 hr ago | via Patch.com
As you look back at the birth of the nation, why not take a look back at historic sites in our state Comment?
1 hr ago | via The Columbian
The chief executives of Fannie Mae and Freddie Mac could collect up to $4 million a year in pay as a result of new government rules that ease restrictions on the leaders' compensation six years after the mortgage finance giants received massive bailouts to cover losses suffered during the housing bust. New filings with the Securities and Exchange Commission detail the pay package for Fannie Mae CEO Timothy Mayopoulos and for Freddie Mac CEO Donald Layton. Comment?
1 hr ago | via Alabama Live
Enjoy the WiRE compliments of the ACRE Corporate Cabinet. Click link in article to see the corporations that are building Alabama's real estate multimedia network. Comment?
1 hr ago | via Patch.com
As you look back at the birth of the nation, why not take a look back at historic sites in our state Edward Hospital Sued Over Boy's Brain Damage / DUI, Hit-and-Run Chase / Mariano's in 2016 / 'Glee' Star in Naperville Miss a day, miss a lot. Comment?
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