Palm Springs Real Estate News
Real Estate news for Palm Springs, CA continually updated from thousands of sources.
Monday Feb 13 | via Inland Valley Daily Bulletin
New single-family home construction is far below demand, and while new-home prices in Riverside and San Bernardino counties are lower than other Southern California areas, costs are still difficult for many Inland residents to meet. A recent draft report from California's Department of Housing and Community Development outlined the statewide woes reflected in the Inland area. Comment?
Thursday Feb 9 | via Seeking Alpha
CVB has a remarkable low-cost deposit base and a strong commercial lending franchise in Southern California, not to mention an uncommonly efficient expense structure and a very healthy balance sheet. Management's discipline with respect to underwriting could limit loan growth, but loan growth hasn't been bad recently and the company is focusing on organic growth in the San Diego market. Comment?
Tuesday Jan 24 | via The San Diego Union-Tribune
View of the new development by Davidson Communities called The Estates at San Elijo Hills. In December, the median home price was $495,000, real estate tracker CoreLogic reported Tuesday. Comment?
Jan 15, 2017 | via Lake Elsinore Valley News
A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that's best for you. No matter which way you look at it, buying a home is a major investment. Comment?
Jan 13, 2017 | via The Wave
"Affordability will be a top concern during 2017, particularly in the West, where rapid price growth during the housing recovery has pushed prices out of the affordable range for most buyers," says Alex Villacorta of Clear Capital. "Affordability will be a top concern during 2017, particularly in the West, where rapid price growth during the housing recovery has pushed prices out of the affordable range for most buyers," says Alex Villacorta of Clear Capital. Comment?
6 hrs ago | via Vallejo Times-Herald
The Vallejo area is back in the number one spot as the hottest housing market in the United States in February, according to the latest data from realtor.com, released Thursday. In January, the area ranked third, with a median inventory age of 59 days. Comment?
12 hrs ago | via Builder
California's housing market posted strong numbers to start out the years, as existing, single-family home sales totaled 420,100 in January on a seasonally adjusted annualized rate, up 2.1% from December and 4.4% from January 2016. The figures are from the California Association of Realtors, which noted that statewide sales figure represents what would be the total number of homes sold during 2017 if sales maintained the January pace throughout the year. Comment?
Tuesday Feb 21 | via New University
Every family has its ups and downs. Living in a typical suburban neighborhood of Santa Clarita, California, the Hammonds of the Netflix original "Santa Clarita Diet" are the definition of the American nuclear family. Comment?
Sunday Feb 19 | via The Real Deal
The affordable-housing crunch worsened last year. In the final quarter of last year, Americans spent the highest share of their incomes on mortgage payments since 2010, according Zillow. Comment?
Saturday Feb 18 | via San Mateo Daily Journal
A mortgage services company signed a $225 million settlement with California regulators on Friday to settle allegations it overcharged active-duty military members, was late in providing key information for some civilian borrowers seeking to modify their loans and violated other laws. Florida-based Ocwen Loan Servicing agreed to pay $20 million to reimburse borrowers and make $198 million in loan modifications over three years that will lower costs for thousands of California borrowers. Comment?
6 min ago | via Reuters
LONDON, Feb 24 Royal Bank of Scotland reported a sharp rise in losses on Friday as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank rescue. RBS, which has not made an annual profit since 2007, booked 6.96 billion pounds of losses for 2016, against a 1.98 billion pound loss in the same period a year earlier. Comment?
7 min ago | via This Is Money
SIMON LAMBERT: It's not just about being 'considerably richer than you'... are you on the right side of the savings divide? Can you save 32k for a deposit by the age of 25? One of our banks thinks so - but you might be forgiven for questioning its sums... Could you join the T-shirt millionaires? The site that lets you create designs for free and earn money if they're a hit Who needs an estate car? We take a Jaguar XF to the Alps and back for a 1,300-mile test of its family credentials John Lewis cafe staff get the chop as firm ditches its popular 'home-cooked' meals to buy in dishes from caterers Car manufacturing continues to boom with January production at nine-year high - but only a fifth of the vehicles remain in the UK Want an electric car charge point on the street outside your house? There's a 2.5m pot, but the catch is you have to apply though your council Remember the Citroen ... (more) Comment?
10 min ago | via UnionLeader.com
An hour after Donald Trump took the oath of office last month, his administration caught the attention of the real estate industry when it abruptly suspended a planned cut in Federal Housing Administration mortgage-insurance premiums. Comment?
14 min ago | via Live Charts
Stocks in London were set for a marginally weaker open on Friday as investors braced for another round of earnings from the likes of RBS and Pearson. The FTSE 100 was called to open four points lower than Thursday's close at 7,267. Comment?
17 min ago | via Independent.ie
Ulster Bank's operating profit in Ireland fell by a 338m last year as a result of costs paid to thousands of its customers affected by the tracker mortgage scandal. Ulster Bank's operating profit in Ireland fell by a 338m last year as a result of costs paid to thousands of its customers affected by the tracker mortgage scandal. Comment?
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