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California Housing Market Downturn News

California Housing Market Downturn News is an EIN News Service for real estate professionals. Constantly updated news and information about California Real Estate.

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Latest California Housing Market Downturn News

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2010 area forecast: 'Doom and gloom': Sacramento real estate ranks near bottom 7 Dec 2009 05:34 GMT
... construction expected to begin in May. The downtown project calls for 12,000 homes, 2.3 million ... of that so far. In a typical housing market, 12 percent of buyers purchase new ... securities, which are predicted to make a slow comeback starting next year. Until then, borrowers ...
Pletschet: REITs offer investors real estate liquidity 4 Dec 2009 19:57 GMT
... record has been adorned by the booming housing market, supported by the American dream of ... feet for very long before getting knocked down again. Some people, wary of the risks ... less attractive to investors. The real estate slump has spread far and wide. Those popular ...
REITs offer investors real estate liquidity 4 Dec 2009 21:05 GMT
... record has been adorned by the booming housing market, supported by the American dream of ... feet for very long before getting knocked down again. Some people, wary of the risks ... less attractive to investors. The real estate slump has spread far and wide. Those popular ...
Real estate expert sees good and bad going forward 5 Dec 2009 08:14 GMT
... Real-estate consultant Al Gobar's confidence in the housing market is surrounded by a cloud of ... possibly into 2011, before starting a very slow rise. And when they go up, don't ... price for Southern California's seven counties has dropped to what it was in early 2003 ...
Real estate still reeling 29 Nov 2009 00:16 GMT
... new realities of the Inland Empire's commercial real estate market are still sinking in. A consistent ... in 2010, with retail and office space slowly following suit, panel members said. "The economists ... white-collar employers "cheap" rental prices during the housing market boom, until rates peaked in 2007. ...
Housing crisis cuts taxes for some Sonoma County homeowners 2 Dec 2009 17:10 GMT
... Housing crisis cuts tax bills for 140,000 in ... The state Board of Equalization said the drop is the first since the passage of ... the price index, your bill will go down to about $4,988. That's worth $12 to ...
Underwater homeowners better off walking? 7 Dec 2009 17:50 GMT
... is hitting a nerve as the nation's housing crisis enters its fourth year. White is ... mortgages during the boom, often without demanding down payments or checking to see if borrowers ... billions in taxpayer money, yet now are slow to modify troubled mortgages. The government's efforts ...
ALL BUSINESS: No help for underwater mortgages could drive more to foreclose on their homes 4 Dec 2009 19:27 GMT
... is hitting a nerve as the nation's housing crisis enters its fourth year. White is ... mortgages during the boom, often without demanding down payments or checking to see if borrowers ... billions in taxpayer money, yet now are slow to modify troubled mortgages. The government's efforts ...
ON CHRISTMAS morning in some homes in northwest Ohio and southeast Michigan, a lump of coal will be a source of warmth, not a punishment for naughty children. Several dozen customers in the region served by Dennis Coal & Stove in 29 Nov 2009 10:36 GMT
... Slowly, but steadily, the local housing market is improving. Housing prices in the Toledo area dropped 2.26 percent in the third quarter compared to a year ago, a figure that ...
NewsWatch: CapitalSource sells off nursing homes for $100M 4 Dec 2009 10:13 GMT
... ... and our anticipated net [Department of Housing and Urban Development] mortgage financing proceeds of ... at 8.42 percent as of Sept. 30, down from 10.77 percent a year earlier, according ... The data showed that nonresidential construction spending slumped to $652 billion, an 11 percent decline ...
Mass. gov. pledges $150 affordable housing fund 1 Dec 2009 00:45 GMT
... people who work hard to provide cheap housing to unwed mothers, pimps, drug dealers, and ... 5 years and I don't believe the rental/home prices have come down significantly in that time. 10:36 AM MST on ...
Mass. pledges $150 million affordable housing fund 1 Dec 2009 00:54 GMT
... people who work hard to provide cheap housing to unwed mothers, pimps, drug dealers, and ... 5 years and I don't believe the rental/home prices have come down significantly in that time. 10:36 AM MST on ...
Trying to modify home loan? 6 Dec 2009 22:15 GMT
... the Ochoas win a permanent modification, their housing payments will be cut roughly in half, ... home. The outlays began with a $120,000 down payment, and since have included significant home ... as renters. As a result of the slumping real estate market, county tax officials this ...
Housing data point to rocky rebound nationally 30 Nov 2009 04:32 GMT
... Taken together, the data show that the housing market's recovery is still in its infancy ... pace, that's a 6.7 months of supply, down from last winter's peak of more than ... of homes $275,000 and above are still slow. "Hopefully, when more good reports come out, ...
Report: Nearly 70 percent of LV homeowners underwater on mortgage 30 Nov 2009 16:53 GMT
... often referred to as "underwater" or "upside down," means that borrowers owe more on their ... equity was concentrated in four states where housing markets boomed during the mid 2000s -- ... prices this past spring and summer has slowed the increase in negative equity, but it ...

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Pictures of the Day

reuters.com:
Quarter in U.S. Foreclosure Plan Late on Payments
United States Foreclosures News

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Australia Real Estate News

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UK Real Estate News

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Buying and Selling News

Pending Home Sales Best In 3 1/2 Years As Factories Expand and China's Reluctance To Let Yuan Rise Is Mixed Bag For U.S. [08 Dec 2009 - 03:33]
The Winnipeg real estate market recorded its second-best November for home sales in the organization's 106-year-history. [08 Dec 2009 - 02:06]
Jamie Oliver enjoys tasty home sales [08 Dec 2009 - 00:34]
Ireland - Lakeside Home with Private Marina for Sale [07 Dec 2009 - 23:10]
C.A.R. Reports October Home Sales Increased 1%; Median Home Price Declined 3.2% [07 Dec 2009 - 23:08]

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Housing Market News

Home prices dive [08 Dec 2009 - 04:56]
Peel residents get hand with housing market [08 Dec 2009 - 04:37]
Foreclosure auction finds buyers for 75 SWFL homes [08 Dec 2009 - 04:36]
Court grants lenders 13 orders for repossession [08 Dec 2009 - 02:44]
Survey: Decline in housing market halting [08 Dec 2009 - 02:06]

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Institutions News

Buyers Protection completes acquisition of 2 LandAmerica units [07 Dec 2009 - 23:57]
Federal Housing Administration's condo financing rules already scuttling projects [07 Dec 2009 - 23:35]
Raleigh Regional Association Of REALTORS® Names Hall of Fame Award Recipients [07 Dec 2009 - 18:34]
Buyers Protection Group in LandAmerica deal [07 Dec 2009 - 16:37]
South Florida Green Realty Realtor® Achieves National Association of Realtors® Green Designation [07 Dec 2009 - 10:16]

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Mortgage Lenders News

Fannie Mae to redeem about $265M of securities [08 Dec 2009 - 01:23]
Bank of America says 600,000 mortgages modified [08 Dec 2009 - 01:01]
Bank of America says it modified 600,000 mortgages since January 2008 [07 Dec 2009 - 20:10]
Bank of America says 600,000 mortgages modified [07 Dec 2009 - 20:07]
Freddie Mac, FHLB, Fannie Mae 2009, 2010 note calendar [07 Dec 2009 - 16:42]

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Property Developers News

Agile Property obtains US$150-mln loan from HSBC [07 Dec 2009 - 07:31]
Bellway warns housing market remains weak [05 Dec 2009 - 10:14]
Builder Bellway finding it tough in the North [05 Dec 2009 - 07:31]
Bellway blames dull sales on lending dearth [05 Dec 2009 - 04:30]
Bellway optimistic as reservations soar [05 Dec 2009 - 01:34]

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Real Estate Brokers News

Coldwell Banker Caine buys Greer-based ERA Riverside [07 Dec 2009 - 20:39]
Coldwell Banker Residential Brokerage Agent Named South Bay Chinese Women Association's Businesswoman of the Year [07 Dec 2009 - 20:11]
Eddie Sharp Racing's Justin Lofton Earns 2009 ARCA RE/MAX Series Championship: Honored at Championship Awards Banquet [07 Dec 2009 - 15:41]
RedFin Network Launches New Website [07 Dec 2009 - 06:50]
Liniger created unique real estate model with Re/Max [07 Dec 2009 - 06:32]

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Real Estate Financing News

Ellington's Vranos to bet $208M IPO on mortgage bonds [08 Dec 2009 - 04:31]
Difference between Second Mortgage and Home Equity Loan [07 Dec 2009 - 22:14]
IAT Air Cargo Facilities Income Fund announces unitholder approval of proposed combination with Huntingdon Real Estate Investment Trust [07 Dec 2009 - 21:29]
IAT Air Cargo Facilities Income Fund announces unitholder approval of proposed combination with Huntingdon Real Estate Investment Trust (CNW) [07 Dec 2009 - 21:28]
SEC accuses 3 ex-New Century executives of fraud over subprime mortgage collapse [07 Dec 2009 - 21:02]

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Real Estate Miscellaneous News

Mortgage execs face fraud charges [08 Dec 2009 - 04:56]
Herman Miller's Embody Chair Receives FX International Interior Design Award [08 Dec 2009 - 01:18]
Weak Real Estate Market Has Many Paying Less Property Tax This Year [07 Dec 2009 - 23:32]
Court Upholds Sentence In Mortgage Fraud [07 Dec 2009 - 23:05]
Appeals Court Upholds Sentence in Mortgage Fraud [07 Dec 2009 - 21:26]

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