Palm Desert Real Estate News
Real Estate news for Palm Desert, CA continually updated from thousands of sources.
Thursday Nov 12 | 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?
Oct 20, 2015 | via Realtor Magazine
Complaints are growing from home owners and those in the real estate industry in California about a government-sponsored program that helps to fund energy-saving home improvements that critics argue is making homes more difficult to sell. More than 50,000 California home owners have enrolled in Property Assessed Clean Energy also known as PACE financing since 2008. Comment?
Oct 19, 2015 | via GreenBuildingAdvisor
Reuters has a story this morning under the headline "Green financing has hobbled home sales in California." I found it at . Comment?
Oct 2, 2015 | via Lake Elsinore Valley News
Annually the numbers are positive. The numbers of listings and closings, as well as selling prices are up in Riverside County. Comment?
Sep 16, 2015 | via The Press-Enterprise
Southern California homebuying in August shifted down from July, but remained strong enough to help the six-county region chalk up the longest stretch of year-over-year home sales gains in three years. Data from a new CoreLogic report says 21,352 new and existing homes and condos were sold in Southern California in August, down 12 percent from July sales but up 8 percent from 19,765 sales recorded in August 2014. Comment?
Yesterday | via WTHR-TV Indianapolis
Government estimates show U.S. traffic deaths rose 8 percent for the first six months of this year, following a slight decrease in 2014. Government estimates show U.S. traffic deaths rose 8 percent for the first six months of this year, following a slight decrease in 2014. Comment?
Saturday Nov 21 | via Recordpub.com
Ohio Attorney General Mike DeWine today announced a lawsuit against a California company accused of failing to deliver promised mortgage loan modification services to Ohio consumers. Comment?
Thursday Nov 19 | via Go Local
Morningstar conducted their annual ranking of the states' different 529 college savings options. The criteria include five P's Performance, Price, Parent, Process, and People. Comment?
Wednesday Nov 18 | via Monterey County Herald
Eric Tarallo, superentendent of the Spreckels Union School District, and other school officials listen as Dr. Jamie Valenzuela-Mumau, MCOE assistant superintendent of Educational Services, gives a presentation on the new California Assessment of Student Performance and Progress system during a Monterey County Education Leadership Summit on Wednesday in Pebble Beach. PEBBLE BEACH >> It may not please real estate agents, but California top education officials are reluctant to establish a new school accountability system that relies on just one measure. Comment?
Saturday Nov 14 | via Patch.com
As any good Californian knows, the West Coast is the Best Coast, but now it's also the most expensive coast. So which lucky city is the most expensive to buy a home? That honor goes to Newport Beach, with an average four-bedroom, two bathroom home going for $2.29 million. Comment?
8 min ago | via KDWN
Average U.S. long-term mortgage rates ticked slightly lower this week. Here's a look at rates for fixed- and adjustable-rate mortgages this week and over the past year: Comment?
9 min ago | via KDWN
Average long-term U.S. mortgage rates slipped this week after they rose recently on expectations that the Federal Reserve may soon raise its key short-term interest rate. Mortgage buyer Freddie Mac said Wednesday the average rate on a 30-year fixed-rate mortgage slipped to 3.95 percent from 3.97 percent a week earlier. Comment?
10 min ago | via Swindon Advertiser
This is a $10 trillion market in which companies sell debt to investors for set terms averaging about eight years. The market has doubled in size in the past decade, swelled by cheap money after years of low interest rates. Comment?
15 min ago | via The Coastal Courier
From left, the Lisa Scales Team/Homes for Heroes members Takarra Brigges, Shannon Anthony, Brianne Felton, Porcha Corew, Felicia McCormick, Lisa Scales and Britney Montgomery pose at their open house Nov. 9. The Lisa Scales Team/Homes for Heroes, in conjunction with the Liberty County Chamber of Commerce, held an open house Nov. 9 at the Liberty County Performing Arts Center. The open house was held to officially introduce the Lisa Scales Team's Homes for Heroes Program in Liberty County, as well as congratulate them on being the top Homes for Heroes Program affiliate nationwide in 2014. Comment?
16 min ago | via LBC 97.3
Lloyds Banking Group will unveil plans to cut another 1000 jobs on Thursday in the latest phase of the state-backed lender's restructuring. Sky News has learnt that Lloyds will make an announcement about the job losses, which will be spread across its operations - including in its branch network. Comment?
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