SACRAMENTO, Calif. – Sept. 18, 2008 – Short sales are a financial tactic that appears only in real estate downturns. Such sales are supposed to be a win-win that gets the seller out of a tight spot, a buyer a good deal and the bank off the hook.
But what sounds like a logical alternative to [...]
Nearly half of the 19,366 homes sold in the six-county region in August were foreclosures. Sales rose 9.1% from the previous August, but the median price dropped 34%, MDA DataQuick reports.
The slumping housing market, which has fallen 30 percent since its peak in late 2005, should provide a boost to San Diego’s traditionally tight rental market, according to Marketpointe Realty Advisors.
The local market research firm said 71 new home and condo conversion projects totaling 4,930 units have been taken off the market since 2006, including [...]
Tighter credit and a slowing economy have slowed real estate sales across the region this year. But, while sales volume is down everywhere, the average price of homes in Garfield and Summit counties is still on the rise.
Those numbers were displayed on a giant screen at last week’s Mountain Real Estate Update in Vail. The [...]
So the boarded-up, foreclosed house across the street finally sells at a fire-sale price, saddling the entire block with a new reality: prices are falling, and so are property values up and down the block. Right? And that means property taxes on that block should be reduced accordingly, right?
Er, wrong, according to the assessor’s office [...]
Californians rave about year-round sunshine, temperate climate and easy access to surfing, snowboarding and everything in between. But when it comes to getting the most out of their homebuying dollar, they’ve got nothing on homeowners in the Midwest, a new study suggests.
Eight out of the top 10 most expensive housing markets in the U.S. are [...]
As Southern California faces the clean up of the new home market crisis, Capitol investors are looking for opportunities to invest. MarketPointe Realty Advisors, Inc. analysts went back to January of 2006 to identify all Southern California distressed projects, those whose initiative to complete their original plan didn’t come to fruition. The second quarter update [...]
Jackson Hole Auction Company (www.jacksonholeauctions.com) announces the Annual Fall Real Estate Auction from Eastern Idaho to Jackson Hole and across Wyoming on September 20, according to William F. Burke CAI AARE, auctioneer and president of the company.
Burke said, “We are actively seeking property owners in the Jackson Hole market areas who want to auction their [...]
The Bankruptcy Court in Phoenix has been very busy the last couple months trying to come to a conclusion on the Mortgages Limited Securities case. Some parties ended up with smiles of relief, while the majority of investors are taking a major loss. A quick history lesson and recap of the current situation:
MLS (short for [...]
Home foreclosures may be slowing, and though prices continue dropping, sales are up, possibly indicating a bottom to the national housing crisis may be nearing, some experts say.Home sales in Solano County were up more than 45 percent in July over last year, according to DataQuick Information Services. At just over 47 percent, only Napa [...]