Burney Real Estate

Featured Article

• Top 7 Foreclosure Stories of Past Year

  Jun 19, 2008 | via Realty Trac 

  The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 2007, forcing many foreclosure investors to ratchet down their ...

  Comment?

  Related Topix: Financial Services, Housing, Foreclosures, Home, Mortgage

Regional Headlines

• State home sales up 18%

  3 hrs ago | via LA Daily News 

  Home sales across California jumped nearly 18 percent during June compared with a year earlier as discounted foreclosures lured buyers back into the real-estate market, a trade association said Friday.

  Comment?

  Related Topix: Los Angeles Metro, Los Angeles Metro, Housing, California, Real Estate, Foreclosures

• Median home prices fall by 6.1% in county

  3 hrs ago | via Pasadena Star-News 

  Los Angeles County's median home price fell 6.1 percent last month to $396,560 and was off a record 32.3 percent from a year earlier, the California Association of Realtors reported Friday.

  Comment?

  Related Topix: Los Angeles County, CA, Real Estate, California, San Gabriel, CA, Hacienda Heights, CA

• L.A. home sales up 1.7% in June

  15 hrs ago | via Daily Breeze 

  Home sales rose 1.7 percent in the Los Angeles area in June, compared with the same period a year ago, while the median home price fell 32.3 percent to $396,560, according to figures released today.

  Comment?

  Related Topix: Real Estate, Los Angeles Metro, Los Angeles Metro, Housing, California, Orange County Metro

• East West impacted by housing crisis

  17 hrs ago | via San Gabriel Valley Tribune 

  East West Bancorp, Inc. on Friday reported a $25.9 million loss for the second quarter, the bank's first shortfall since 1981.

  Comment?

  Related Topix: California, Home, Mortgage, Financial Services, IndyMac Bancorp, Banking, East West Bancorp

• Second quarter foreclosures up 121%

  21 hrs ago | via San Jose Business Journal 

  Foreclosure filings were reported on 739,714 U.S. properties during the second quarter, nearly 14 percent up from the previous quarter and 121 percent higher than the year-ago quarter, according to a report ...

  Comment?

  Related Topix: Foreclosures, California, Stockton Metro, San Bernardino, CA, Bakersfield Metro, Bakersfield, CA

National Headlines

• U.S. Senate to Vote on Housing Bill

  15 min ago | via RedOrbit 

  The U.S. Senate, meeting in a rare weekend session, was poised Saturday to pass a landmark housing bill meant to ease the effects of mortgage crisis.

  Comment?

  Related Topix: Home, Mortgage, Mortgage, Personal Finance

• U.s. Congress Passes...

  15 min ago | via 102.9 CKDS-FM 

  U.S. Congress passed a housing rescue bill Saturday aimed at sparing 400,000 struggling homeowners from foreclosure.

  Comment?

  Related Topix: Foreclosures, George Bush, US Politics, US News, Home, Mortgage, Mortgage, Personal Finance

• Bill heads to Bush for signature

  15 min ago | via WLOS 

  The Senate has overwhelmingly approved a bill aimed at helping thousands of struggling homeowners fight off foreclosure.

  Comment?

  Related Topix: Foreclosures, Home, Mortgage, Mortgage, Personal Finance

• Federal Regulators Close Two More Banks

  16 min ago | via Z 106.7 Jackson 

  Federal regulators have closed two banks in the West, saying they were undercapitalized due to the poor performance of home mortgage loans.

  Comment?

  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Reno Metro, Reno, NV

• Housing rescue bill heads to Bush for signature

  16 min ago | via Examiner.com 

  Jul 26, 2008 10:03 AM By JULIE HIRSCHFELD DAVIS, AP Newly built homes are offered for sale at the Brookville & Heirloom development by Lennar, in Valencia, Calif.

  Comment?

  Related Topix: George Bush, Foreclosures, US Politics, US News, 2008 Presidential Election, Home Listing, Home