El Segundo Real Estate

Featured Article

• Wachovia Changes The Lending Game

  Wednesday Jul 2 | via Realty Trac 

  With assets of more than $800 billion, Wachovia is the nation's fourth-largest banking institution .

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

Local Headlines

• Median home prices fall by 6.1% in county

  4 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.

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

• A new low in the high life

  23 hrs ago | via Arizona Daily Sun 

  A couple of front-page stories in Tuesday's papers -- one from the East Coast, the other from the West -- frame a pretty effective portrait of these United States in this election year.

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  Related Topix: Housing, Foreclosures, Los Angeles County, CA, San Bernardino, CA, Home Listing, Home, Opinion

• Mosquito reports soar after article

  Yesterday | via The Signal 

  Canyon Country residents Thursday reported a surge in both the number of "green pools" and of mosquitoes following initial reports of countywide efforts to stop the spread of West Nile virus.

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  Related Topix: Canyon Country, CA, Los Angeles County, CA, Epidemic, Natural Disasters, Real Estate

• House Hunt: For Some, Now May Be the Right Time

  Thursday | via Hispanic Business 

  Hispanics are expected to drive the first-time homebuyer market in the coming decade.

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  Related Topix: Home Buying, Home, Mortgage, Real Estate, Los Angeles County, CA

• Home foreclosures hit record high

  Thursday | via LA Daily News 

  Home foreclosures across the San Fernando Valley hit another record high during the year's second quarter as the housing crisis intensified, a research center said today. 1 comment

  Related Topix: Glendale, CA, Calabasas, CA, Northridge, CA, Education, Housing, Los Angeles County, CA

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.

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

• L.A. home sales up 1.7% in June

  16 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.

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  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.

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

• Second quarter foreclosures up 121%

  22 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 ...

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

• California home sales in June up 17.5%, unsold inventory index drops to 7.7 months

  Yesterday | via San Jose Business Journal 

  As sales increased 17.5 percent in June, the unsold inventory index for existing homes in California during the month dropped to 7.7 months from 10.2 months for the same period a year ago, according to a report ...

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  Related Topix: Real Estate, Housing, California, Santa Clara County, CA, Monterey County, CA

National Headlines

• Senate Passes Housing Rescue Bill, Bush to Sign

  1 min ago | via WCOH-AM Newnan 

  The Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac, creating a new regulator for the mortgage titans and setting up a $300 billion ...

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

• Bill heads to Bush for signature

  3 min ago | via Kndu.com 

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

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

• Alexander Backs Housing Bill, Which Passes 72-13

  4 min ago | via Chattanoogan.com 

  He said the Foreclosure Prevention Act of 2008 includes the following provisions: Provides a refundable tax credit of up to $7,500 for first-time homebuyers, and a standard property tax deduction for taxpayers ...

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

• Mike's Blog Roundup

  4 min ago | via Crooks and Liars 

  Years of proxy wars with the USSR created demons that US arrogance thought could never turn and rend it.

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Des Moines, IA, Des Moines Metro

• How they voted: Senate roll call on housing bill

  5 min ago | via Alabama Live 

  The 72-13 roll call Saturday by which the Senate passed a bill that aims to help homeowners facing foreclosure and to prevent mortgage companies Fannie Mae and Freddie Mac from failing.

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