Venice Real Estate News
Real Estate news for Venice, CA continually updated from thousands of sources.
Sunday | 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?
Sunday | via Dr. Housing Bubble Blog
California home prices plateau and sales fall: Inventory slowly rising in L.A. County and back in a big way for Orange County. At the start of the year, discussing a year-over-year drop in California home prices seemed unrealistic. Comment?
Friday Jun 19 | via The American Prospect
Federal Reserve Chair Janet Yellen speaks during a news conference following a Federal Open Market Committee meeting in Washington, Wednesday, June 17, 2015. coalition of California community groups and a local legal aid agency have come up with a novel way to hold a major L.A. area bank accountable for the devastation it has caused Southern California communities as a result of its risky and predatory practices. Comment?
Wednesday Jun 17 | via LA Daily News
The region's housing market gained some momentum in May, with sales increasing 5 percent from a year ago, a market tracker said Wednesday. It's the fourth consecutive year-over-year sales gain, said Irvine-based CoreLogic. Comment?
Wednesday Jun 17 | via Pasadena Star-News
Two advocacy groups have come up with a novel way to hold a major Los Angeles-area bank accountable for the devastation it has caused Southern California communities as a result of its risky and predatory practices. The California Reinvestment Coalition and Neighborhood Legal Services of Los Angeles County have asked Janet Yellen - chair of the Federal Reserve, the country's top bank regulator - to halt a planned takeover of Pasadena-based OneWest Bank by the New Jersey-based CIT Group until these banks pay reparations for the damage they caused. Comment?
16 hrs ago | via Almanac
Home sales are provided by California REsource, a real estate information company that obtains the information from the County Recorder's Office. Information is recorded from deeds after the close of escrow and published within four to eight weeks. Comment?
Saturday | via Holtville Tribune
A federal grand jury in San Francisco returned an indictment against a Northern California real estate investor for his role in bid-rigging and fraud conspiracies at public foreclosure auctions in Northern California, the Department of Justice announced. A two-count indictment has been filed in the U.S. District Court of the Northern District of California in Oakland, charging Ramin Rad "Ray" Yeganeh of San Mateo, California, with participating in conspiracies to rig bids and defraud mortgage holders and others in Alameda County. Comment?
Thursday Jun 25 | via SFGate
In this Sept. 12, 2013 file photo, Consumer Financial Protection Bureau Director Richard Cordray testifies on Capitol Hill in Washington. Comment?
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?
Wednesday Jun 24 | via Natl. Relocation & Real Estate
RealtyTracA has released a joint analysis with Down Payment Resource that examined affordability, median income, median home price and homeownership program availability in 370 U.S. counties with a population of at least 100,000 and where sufficient data was available. The report then ranked each county based on its affordability and accessibility for low down payment buyers such as first-time homebuyers and boomerang buyers. Comment?
7 min ago | via Medincine Hat News
Sarah Fehr is photographed with her dogs Werner and Bowser at her home which previously contained a drug grow-op in Winnipeg, Sunday, June 28, 2015. Fehr and her husband bought the home knowing of it's history. Comment?
9 min ago | via Inman News
But he knows that at some point in the not-too-distant future, a real estate winter is coming that will cool off the city's still red-hot housing market. Some of DiMeco's clients are getting priced out of the picked-over parts of the city and are starting to look for emerging neighborhoods where they can add value through rehab and then profit off an eventual flip. Comment?
37 min ago | via KDWN
Interest rates on short-term Treasury bills rose in Monday's auction, with rates on six-month bills climbing to the highest level since late March. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, up from 0.010 percent last week. Comment?
53 min ago | via The Harbor Times Soup
Private, waterfront, park-like setting with 3.8 acres & commercial marina on the Kennebec River, walk to downtown historic Bath; 10 minutes from private jetport. Custom contemporary, 5600+/- s.f. highest quality construction with open living & river views. Comment?
1 hr ago | via NWAonline
The rental management company, owned by Jill Judy and her husband, Mark Brown, was the only one to bid for the Kramer School Lofts on Monday at the Pulaski County Circuit Courthouse. The couple own several properties in downtown Little Rock and offered $455,000 for the former school at 715 Sherman St. The pending sale of the building will allow the tenants to stay for the foreseeable future. Comment?
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