Significantly higher home prices, particularly in the San Francisco Bay Area and coastal regions, shut out more home buyers in the state during the second quarter of 2013, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported. The percentage of home buyers who could afford to purchase a ... » Learn More about Higher Home Prices and Interest Rates Drive Down Affordability Index During Second Quarter
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Obama Does a Reversal, Signals Support for Easing Mortgage Rules
President Obama is now requesting an easing of regulations targeting mortgages. Everyone should want a stable mortgage system that allows qualified buyers to purchase real estate, but it’s becoming more obvious (even to politicians) the conflict between regulations, and governmental agencies (CFPB ... » Learn More about Obama Does a Reversal, Signals Support for Easing Mortgage Rules
Hedge Fund Blackstone Preparing to Unleash a Flood of Real-Estate Selling
This could be the start of the backing off of the large investment funds from their acquisition of Los Angeles real estate. Blackstone has been aggressively buying both residential and commercial real estate, but with the interest rates starting to go up, and appreciation already realized, they are ... » Learn More about Hedge Fund Blackstone Preparing to Unleash a Flood of Real-Estate Selling
16 Straight Months of Home Price Increases
Home prices increased in June on a monthly basis for the 16th consecutive month, according to the latest figures from CoreLogic. Including distressed sales,—short sales and real estate owned properties—the CoreLogic Home Price Index report jumped 1.9% from May to June. Although this is an ... » Learn More about 16 Straight Months of Home Price Increases
Real Estate Market Update San Fernando Valley, Los Angeles California July 24, 2013
Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for CAMP gives an overview of the present real estate market, inventory issues, and statistics for the San Fernando Valley region of Los Angeles California. Specialist in the Art of Real Estate Sales and ... » Learn More about Real Estate Market Update San Fernando Valley, Los Angeles California July 24, 2013