Palo Alto Real Estate News
Real Estate news for Palo Alto, CA continually updated from thousands of sources.
Sunday | via Builder
RealtyTrac vp Daren Blomquist has one of his good-news-only data releases, as he offers topline commentary on the RealtyTrac 2017 U.S. Home Sales Report, which looks at what home sellers realized in terms of gains from their original purchase price. Blomquist notes that 2015, like 2014, was a year for the average residential property seller to make a gain vs. the price he or she had paid to own in the first place. Comment?
Saturday Feb 6 | via Mountain View Voice
The big sale in Mountain View on this week's list was a 29,600 square foot lot with a home in the Martens-Carmelita neighborhood, which went for $3,600,000. Read the details of this sale and others, below. Comment?
Friday Feb 5 | via Palo Alto Weekly
At the beginning of 2015, I wrote the column "A long-term cyclical view" and pointed out the high probability of a temporary correction in property pricing in Palo Alto, assuming everything is cyclical and looking back at the two price declines of the past 17 years. The median home price in Palo Alto for all sold transactions in 2015 actually rose by another 14 percent to reach $2.485 million. Comment?
Thursday Feb 4 | via MarketWatch
Home sellers in this Silicon Valley county raked in the most dough of residents anywhere: They saw a 65% difference between the price they paid for their homes when they bought them and what they sold them for in 2015, according to an analysis released Thursday by real-estate analytics firm RealtyTrac . The main reason sellers saw such large profits is that the area is popular with tech executives and high-paid employees, says Daren Blomquist, the vice president of RealtyTrac. Comment?
Wednesday Feb 3 | via Los Altos Town Crier
Participating Mountain View businesses will offer special deals through Sunday as part of Chamber of Commerce Mountain View and the Central Business Association's Super Bowl 50 festivities. At a ceremony Jan. 14, California Association of Realtors 2013 President Don Faught administered the oath of office to new president-elect Denise Welsh, a realtor with Alain Pinel Realtors Los Altos, and new treasurer Phyllis Carmichael, a realtor with Coldwell Banker Residential Brokerage Los Altos. Comment?
Yesterday | via Pasadena Star-News
California is routinely ranked as one of the most expensive places to live in the nation, mostly due to our state's sky-high housing costs. In fact, the average price of a California home is roughly $440,000, more than double the national average of $179,000. 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?
Oct 19, 2008 | via City Journal
Treasury secretary Hank Paulson has spent the past six months using the trillions of dollars in promises and loans that only the government is powerful enough to make to avert the immediate collapse of the insurance giant AIG and those two mortgage behemoths, Fannie Mae and Freddie Mac. Government officials had hoped that their actions would persuade the financial world's private lenders, trading partners, and customers to stop fleeing financial institutions in a Depression-style terror. Comment?
Friday Feb 5 | 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 Feb 4 | 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?
Yesterday | via CKNW News Talk 980
The controversial real estate technique was uncovered in a bombshell Globe and Mail investigation this weekend, and has renewed the debate over what's driving housing prices in Vancouver. It allows realtors and investors to flip a property multiple times before a sale is even complete, jacking up the price along the way. Comment?
Yesterday | via AmericanBankingNews.com
According to Zacks, "Blackstone Mortgage Trust, Inc. is a real estate investment trust. It operates as a real estate finance and investment management company. Comment?
Yesterday | via AmericanBankingNews.com
According to Zacks, "Bankinter is in the financial services industry. They are a banking entity subject to the supervision of the Bank of Spain and the Spanish National Securities Market Commission. Comment?
Yesterday | via Seeking Alpha
Two Harbors Investment's stock is down ~26% over the last year as income investors turned their backs on the mortgage investment sector. Two Harbors retains potential to grow servicing income, though, and has a history of earning excess returns compared to the Pine River Mortgage REIT Index. Comment?
Yesterday | via The Globe and Mail
Vancouver MLA David Eby called for an independent inquiry Sunday. He credits The Globe investigation for pushing the government into doing something concrete about Vancouver's real estate woes. Comment?
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