Palm Desert Real Estate News
Real Estate news for Palm Desert, CA continually updated from thousands of sources.
Thursday Jan 21 | via The Press-Enterprise
"December home sales, which were the highest for that month in six years, got a boost from a batch of transactions that normally would have closed in November," LePage said, "but were delayed by days or weeks as the industry adjusted to new federal mortgage rules that took effect in October." The company reported that 3,529 homes sold in Riverside County, a 30.2 percent increase over the 2,710 homes that sold in November. Comment?
Tuesday Jan 19 | via Patch.com
The median price of a home in Riverside County rose by 6.7 percent in December, compared with the same month a year ago, while the number of homes sold went up by 8.3 percent, a real estate information service announced Tuesday. According to CoreLogic, the median price of a Riverside County home was $320,000 last month, up from $300,000 in December 2014. Comment?
Dec 16, 2015 | via The Press-Enterprise
November was one of the slowest months for Southern California home sales in a quarter century, according to financial data company CoreLogic. The month's sales - a total of 16,122 new and existing homes and condos in six counties - were up from 2014 but 23.8 percent below the November average of 21,155 since the year 1988, CoreLogic's monthly report states. Comment?
Dec 4, 2015 | via The Press-Enterprise
The Federal Housing Finance Agency recently said it will keep the 2016 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000 on one-unit properties, and raised the cap to $625,500 in only four high-cost regions. California Association of Realtors president Ziggy Zicarelli said the state trade association is disappointed by the FHFA stance, saying it will hurt California's housing market. Comment?
Nov 12, 2015 | via The Orange County Register
A study by the online real estate site Trulia shows Millennials who buy a median-priced home in Orange County would spend over 57 percent of their gross income on the mortgage in the first year, and it would take 17 years for the home to become affordable -- ie, costing 31 percent or less of their income. In the Inland Empire, by contrast, they would spend 36.1 percent of their income in the first year of the purchase and because of expected income gains, the house would meet the affordability criteria after only 3 years. Comment?
19 hrs ago | via Local TV Station KTVZ
The Oregon Department of Consumer and Business Services warned consumers Thursday not to seek loan modification services from Liberty One Mortgage, a California-based unlicensed and unregistered company that has engaged in mortgage fraud. The department, through its Division of Financial Regulation, has issued two orders requiring Liberty One Mortgage to stop all unlawful activity in Oregon and assessed $30,000 in civil penalties against the company. Comment?
Thursday | via Business Wire
A detailed list of rating actions follow... )--Fitch Ratings has affirmed 10 classes of UBS Commercial Trust 2012-C1 commercial mortgage pass-through certificates. A detailed list of rating actions follo... )--Westin Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc. , today announced that the highly-anticipated Westin Nashville will o... )--Second row in list of dates for release dated February 2, 2016, should read: Ex-date: 02/11/2016 . Comment?
Thursday | via US News & World Report
In competitive housing markets where multiple offers are common, buyers who express their love for a home can stand out. In competitive housing markets where multiple offers are common, buyers who express their love for a home can stand out. Comment?
Thursday | via Mortgage News Daily
Lenders should know that the FDIC indicates it expects banks to evaluate and manage cyber risk as it does any other business risk and to do so as an enterprise-wide initiative involving all employees. That certainly goes beyond telling employees not to leave loan files on their desk when they go home at night. Comment?
Jun 20, 2012 | via City Journal
Say this for the $92 billion budget that California's legislature sent to Governor Jerry Brown on Friday: at least it wasn't late. 'The deadline was met,' state senate leader Darrell Steinberg announced with little fanfare or much evident pride. Comment?
5 min ago | via The Florida Times-Union
Tim Ferguson University of North Florida Republican presidential candidate Sen. Marco Rubio recently spoke to workers at the Timberland Co. headquarters in Stratham, N.H. "Boots on the ground." Comment?
15 min ago | via Independent.ie
Fianna FA il environment spokesperson Barry Cowen at the party's launch of its plan to secure home ownership and to tackle homelessness. Photo: Damien Eagers Fianna FA il has said it will introduce measures to "beat" banks into slashing variable rates for mortgage customers in a move that has placed the party on a collision course with the Central Bank. Comment?
18 min ago | via Contra Costa Times
Elizabeth Maulick thought her 19-year-old son, Gregory, was up-to-date with all his shots -- including meningitis -- before he started at Santa Clara University in September. But like thousands of other SCU parents, Maulick was furious to discover this week that the regimen didn't include the shot for the strain of the potentially deadly infection that has so far infected three students at the university and forced thousands more to wait hours for emergency vaccines. Comment?
23 min ago | via AmericanBankingNews.com
Ellington Residential Mortgage REIT CIO Michael W. Vranos bought 2,966 shares of the company's stock in a transaction on Thursday, February 4th. The shares were bought at an average price of $11.59 per share, with a total value of $34,375.94. Comment?
23 min ago | via Orange Live
In the market for a 3 bedroom home in Orange? Join Realtor Wayne Hugendubel at 239 Old Tavern Road, on Sunday, Feb. 7 for an open house from 12-3 p.m. Spacious Bi-Level with hardwood floors in most rooms. Open Living Room and Dining Room provides great flexibility in use. Comment?
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