Porterville Real Estate News
Real Estate news for Porterville, CA continually updated from thousands of sources.
Sep 15, 2016 | via Silicon Alley Insider
The number of people trying to flip homes is at the highest level in nine years, and they are increasingly using mortgages-rather than cash-to finance their investment. A total of 39,775 investors-which includes individuals and institutions--completed at least one home flip in second quarter, the highest amount since the second quarter of 2007, according to a new report from ATTOM Data Solutions . Comment?
Sep 13, 2016 | via The Fresno Bee
The group, which will operate under the Tulare County association name, now has a membership of 1,044 Realtors, up from around 865 as I reported in May when the merger was in process. The decision to join forces has been in the works for several years to provide Realtors with accurate real estate information and data from the Multiple Listing Service to better serve clients, Darcy Staberg, president of the Tulare County group, said in May. Staberg, of DS Realty , will share the board presidency with Michael Gutierrez, of Century 21 Jordan-Link Porterville , the current Orange Board president, the organization announced on Monday. Comment?
Aug 17, 2016 | via The Fresno Bee
Fresno County home sales and price stumbled in July as housing affordability continued to erode making it harder for buyers to afford a home. In Fresno County, home sales fell 13 percent month-over-month, but was up a slight 1.2 percent compared to last year, according to the California Association of Realtors . Comment?
May 19, 2016 | via The Fresno Bee
Realtor associations in the central San Joaquin Valley are merging to provide members and clients with better services while meeting new national operating standards. There has been a feeling over the past five years that the Tulare and Orange Belt groups, which have members in common, should join to provide Realtors with accurate real estate information and data from the Multiple Listing Services which would better serve clients in the area, said Darcy Staberg, president of the Tulare County board. Comment?
21 min ago | via RecordNET
The cost of renting a home in the Stockton-Lodi area is going up faster than most other metropolitan areas in the country, according to an independent market and analytics survey firm. RentRange Data Services reported that the Stockton-Lodi area experienced a 10.2 percent increase in the cost of renting a home in the third quarter of 2016 - July through September - from the year before to rank 13th in the nation in a report released Wednesday. Comment?
1 hr ago | via The Fresno Bee
Perhaps it's because the proposed solutions - sprawling construction, denser construction, granny flats, affordable housing mandates and regulation exemptions - are all built on the same flawed premise: that housing must exist solely on land. And California's combination of strict regulation and anti-density NIMBYism makes it impossible to build enough housing on land to serve our population. Comment?
12 hrs ago | via GlobeNewswire
Ocwen Financial Corporation , a leading financial services holding company, and NeighborWorksA HomeOwnership Center Sacramento Region , a California non-profit focused on strengthening communities and providing education and financial resources to homeowners, are reaching out to approximately 1,400 Ocwen customers in California who are behind on their mortgage payments and could benefit from a loan modification. The outreach effort is targeted at customers in the metro areas of Los Angeles, San Bernardino, and Riverside and is designed to encourage struggling homeowners to explore mortgage modification options, including those offered by the Home Affordable Modification Program prior to its expiration at the end of 2016. Comment?
Tuesday | via TheStreet.com
The luxury homebuilder reported sales that beat expectations and announced plans to launch a new product aimed at affluent first time buyers Toll Brothers on Tuesday reported fiscal fourth quarter results that topped analyst estimates and forecasted a strong 2017 thanks in part to anticipated sales to millennial buyers. Horsham, Pa.-based Toll said it sold 2,224 homes in the fourth quarter, up from 1,820 a year prior, at an average price of between $834,300. Comment?
Monday | via Indybay.org
In this piece I am discussing the difficulties and challenges Sonoma County residents face with the increasing housing prices. I am analyzing a Press Democrat article that looks at the negative effects of this housing crisis. Comment?
4 min ago | via Business Journal
Sales of condos in coastal Miami and Fort Lauderdale have been slow in the first 11 months of 2016, but reports of a huge inventory overhang are mostly exaggerated, according to a report by brokerage ISG World. Comment?
13 min ago | via Reuters
Czech central bank board member Lubomir Lizal to attend conference "Expected development of the real estate market and development projects" with speech "Expected development of the economy and monetary policy" - 0800 GMT. CAPE TOWN - South Africa central bank governor Lesetja Kganyago will be speaking at a Conference on "Financial Intermediation in Emerging Markets" at the UCT Graduate School of Business - 1000 GMT. Comment?
14 min ago | via The Washington Post
A group set up by the Federal Reserve to identify an alternative to Libor may make its selection next year, a sign of momentum behind efforts to move away from the borrowing gauge that became mired in an interest-rate-rigging scandal. Potential alternatives for the London interbank offered rate have been narrowed to two by the Alternative Reference Rates Committee, a group comprising regulators and financial firms convened by the Fed in 2014. Comment?
15 min ago | via Denver Post
According to a report published last month, the average U.S. home price for September was 0.1 percent above the record high in 2006. Home prices have - on average, across the nation - climbed back to the peak in 2006 where they sat before the bubble burst and everything came crashing down. Comment?
15 min ago | via AmericanBankingNews.com
According to Zacks, "Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Savings Bank is the only operating subsidiary. Comment?
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