Palm Desert Real Estate News
Real Estate news for Palm Desert, CA continually updated from thousands of sources.
Wednesday Jun 24 | via Housing Wire
A new study from RealtyTrac and Down Payment Resource shows the top 10 and bottom 10 markets in the U.S. in terms of affordability and accessibility for low down payment borrowers. According to RealtyTrac and Down Payment Resource, the study reviewed 370 counties, and ranked each based on how it scored in five metrics: affordability of house payment in April 2015 relative to its historical average; maximum income allowed for homeownership programs relative to median income; maximum home price allowed for down payment help relative to median home prices; average down payment program benefit relative to median home prices; and number of homeownership programs available relative to total housing units. Comment?
Thursday Jun 18 | via KESQ-TV Palm Desert
"Palm Springs has always been a destination for the gay community nationally and internationally," said Miceli. "When we bought this house it was a foreclosure property. Comment?
Wednesday Jun 17 | via Business Wire
A detailed list of rating ... Research and Markets: Global Proximity Sensors Market Expected to Increase to $4.42 Billion by 2018 at a CAGR of 7.55% Over the Period 2014-2020, New Report Says )--Research and Markets has announced the addition of the "Global Proximity Sensors Market - Growth, Trend... )--New website finds Inland Bank ranked in the bottom 10% of peer banks according to key performance indicators, details serious financial misreporting and government interve... )--Research and Markets has announced the addition of the "Postherpetic Neuralgia - Pipeline Review, H1 2015" ... )--Fitch Ratings has published a report on Lake Hospital System, OH. The report is available at 'www.fitchratings.com'. Comment?
Wednesday Jun 17 | via The Orange County Register
Workers raising frames on new homes in Brea in this file photo. High prices may help explain why sales of new homes in Orange County declined in May even as sales of resale homes and condos rose. Comment?
May 5, 2015 | via Seeking Alpha
First Mountain Bank's deposit base became stronger than last year when the bank was offered $9.00 per share. We think the potential merger between First Mountain Bank and Premier Business Bank is likely to happen because the deal will provide significant benefits to both banks. Comment?
Thursday Jul 2 | 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?
3 min ago | via Yahoo!
The number of property investor loans processed by Australia's largest mortgage broker fell in June, with a big slide in investment loans in the booming Sydney market. AFG processed a record 11,056 mortgages worth $5.1 billion in June, but only 36.9 per cent were for property investment, down from 40.9 per cent in May. The sharpest fall in investor loans was in NSW, sliding to 41.6 per cent in June from 49.8 per cent in May, amid ongoing concerns of overheating in Sydney's house market. Comment?
1 hr ago | via Sydney Morning Herald
The former occupants having long since moved on, the demolition of 81 Sternberg Crescent in Wanniassa on Monday proved a dry-eyed affair, watched only by government officials, ACT WorkSafe inspectors and neighbours. Most of those present, however, would have had some inkling that the demolition of the former public housing property portends significant changes ahead for Canberra. Comment?
20 min ago | via Inman Real Estate News
When someone you know receives a terminal cancer diagnosis or loses everything in a fire or flood, your compassion as a human being coupled with your skills as a Realtor can be a blessing for everyone involved. Even in the best of times, agents walk the tightrope of balancing the emotions, fears and actions of their clients plus all the other individuals involved in closing the transaction. Comment?
20 min ago | via The Citizens' Voice
HEATHER MCCRACKEN / PUBLICSOURCE Carlton J. Brown III, 29, explores the yard of the three-bedroom, $50,000 house he is purchasing in McKees Rocks, a borough northwest of Pittsburgh. The 29-year-old is buying a three-bedroom house with a yard and a two-car garage in McKees Rocks, a borough northwest of Pittsburgh. Comment?
33 min ago | via RTE.ie
German industrial orders, a key measure of demand for goods in Europe's top economy, slipped slightly in May, the economy ministry said today. Provisional official data showed a decrease of 0.2% month-on-month, following an increase of 2.2% in April. Comment?
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