Palm Desert Real Estate News
Real Estate news for Palm Desert, CA continually updated from thousands of sources.
Friday Jul 22 | via Los Angeles Times
Much like other parts of the Southland, Riverside County saw its median home price tick up again in May, climbing to $328,000, or nearly 7% over the same month a year ago. That amount won't buy much in L.A., but it does stretch further in cities such as Indio, Murrieta and Winchester. Comment?
Tuesday Jul 19 | via Los Angeles Times
Southern California home prices jumped in June as prospective buyers bid higher, fighting over a meager supply of homes for sale. The six-county region's median price rose 5% from a year earlier to hit $464,000 in June, data firm CoreLogic announced Tuesday. Comment?
Jun 20, 2016 | via JD Supra
If a property owner loses their property through a foreclosure sale initiated by someone who did not validly own the debt, has the property owner automatically suffered enough "prejudice" to pursue a claim for wrongful foreclosure? Or does the property owner also need to show that it would have been able to avoid foreclosure by paying the debt to the true lender? The California Supreme Court's recent Yvanova decision only partially addressed the "prejudice" issue. In Yvanova , the Supreme Court discussed prejudice, but only "in the sense of an injury sufficiently concrete and personal to provide standing," not "as a possible element of the wrongful foreclosure tort." Comment?
May 31, 2016 | via Inman
California has some of the highest real estate prices in the country, and it also has more than its fair share of expensive rentals. Financial experts routinely tell the masses that it's best not to spend more than a third of your take-home pay on a mortgage or rent, but that's not easy in The Golden State. Comment?
May 24, 2016 | via Examiner.com
Wouldn't it be great if you had a special account to save for a home ? If you want to receive future articles, click on SUBSCRIBE. Starting with tax year, 2017, California renters can now add income to a Home Savings Account and withdraw it when they're ready to buy a home. Comment?
Tuesday Jul 26 | via New York Sun
The battle over Airbnb is taking center stage at the Democratic National Convention. The fight is emblematic of the dispute between Republicans and Democrats over who should steer the economy: government regulators, on the one hand, or consumers and business innovators on the other. Comment?
Monday Jul 25 | via Inman News
The California Association of Realtors filed a federal lawsuit against Massachusetts-based PDFfiller Inc., alleging the tech firm has copied, published and sold at least 64 of CAR's copyrighted real estate forms "many hundreds of thousands of times, and possibly millions of times" through its website without authorization. Apartment List released its July rent report for Los Angeles, finding rents were flat over June, but L.A. continues to be one of California's most expensive cities for renters. Comment?
Sunday Jul 24 | via The Wave
Jennifer and Bob Hochstadter of Dana Point no longer needed five bedrooms' worth of space, so they sold their Laguna Niguel home and moved into their smaller Dana Point rental, pocketing cash for travel and retirement. Lake Forest agent Jenean Hill has had at least five clients seeking to cash out their California homes over the past several years. Comment?
Wednesday Jul 20 | via The Wave
For more than a generation, opportunistic California politicians have barraged voters with woeful tales about how the most productive, inventive, wealthy and enterprising Californians are leaving this state in droves to avoid high taxes and excessive government regulation. These stories, used successfully by the likes of Pete Wilson and Arnold Schwarzenegger while running for governor, and unsuccessfully by failed candidates from Bill Simon to Meg Whitman and Neel Kashkari, tell of rich Californians seeking greener pastures in more laissez faire states like Texas and Idaho. Comment?
Tuesday Jul 19 | via Inside Bay Area
President Obama and Vice President Joe Biden on Tuesday announced they are backing state Attorney General Kamala Harris, a longtime political ally of the president, in California's historic Democrat-on-Democrat U.S. Senate race. The president praised Harris as a "lifelong courtroom prosecutor" who has fought international gangs, oil companies and the big banks responsible for the mortgage crisis. Comment?
8 min ago | via The Moultrie News
TD Bank recently added three new hires to their team on the coast. Aaron Brewer joins TD Bank as Charleston city executive, Scott Warren as senior commercial relationship manager and Suzanne Lynch as commercial real estate manager. Comment?
20 min ago | via Fox News
Steady loan growth and low costs have been a huge driver of BofI's profits for years. Image source: Getty Images. Comment?
40 min ago | via Daily Political
They currently have $19.00 target price on the financial services provider's stock. According to Zacks, "Sterling Bancorp is the holding company for Sterling National Bank, a financial services firm. Comment?
1 hr ago | via The Island Packet
At least two gated golf communities are attempting a work-around to their $1-lot problem, purchasing homes within their gates and building spec homes on them. Belfair and Berkeley Hall, two Bluffton communities, are using the new strategy in hopes of ending the cycle of lots being put up for sale at Beaufort County's annual tax sale for $1, then sold to buyers who are unaware of the exclusive neighborhoods' fees and dues. Comment?
1 hr ago | via Business Journal
Filled with "must read" stories, industry news and reporter insights, exclusive interviews with local business leaders, and expanded Top 25 Lists . Comment?
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