California Real Estate Investing News

Time Allowed for Foreclosure Proceedings Extended By Fannie Mae in 33 States

September 3rd, 2015

  Today’s News Synopsis:   With the increase in mortgage lending, organizations not associated with banks are having more regulations placed on them, both consumer and financial.  The amount of time a foreclosure can be completed was just extended by Fannie Mae in 33 states.  The amount of mortgage credit available increased

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Three Big Banks Facing Lawsuits Again Over Predatory Lending

September 2nd, 2015

  Today’s News Synopsis:   The Mortgage Bankers Association reported an 11.3% increase in mortgage applications from last week.  Reports were positive for both economic and real estate activity according to the latest Federal Reserve Beige Book.  It looks like three large banks may be facing lawsuits again over predatory lending practices.   In

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Herald Examiner Building to Be Converted Into Multiple Creative Offices for Various Uses

September 1st, 2015

  Today’s News Synopsis:   CoreLogic reported a 6.9% increase in home prices in July.  Spending on construction increased by $1,083.4, or 0.7% to its highest in seven years.  The Herald Examiner building in downtown L.A., which now sits unused will be converted into different creative offices and used for multiple purposes.   In

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WalletHub Releases Newest Analysis of Healthiest Housing Markets

August 31st, 2015

  Today’s News Synopsis:   WalletHub just released their latest analysis report with the housing markets showing the healthiest signs.  It is expected that over a trillion dollars will be poured into the housing market over the next five years, and the majority is expected to come from: millennials.  In the wake

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China Leading the International Market As More International Buyers Enter Housing Market

August 28th, 2015

    Sources: Sales of New Homes in U.S. Increased 5.4% in July to 507,000 FHFA: June 2015 house prices rose 5.6% from June 2014 July pending sales and Market Pulse Survey Fannie Mae economic outlook for the second half of 2015 less upbeat Recent Stock Market Losses Cause Many to Doubt that the Fed Will Raise

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M. Lance Coyle, President of the Appraisal Institute Joins Bruce Norris on the Real Estate Radio Show #449

August 28th, 2015

  M. Lance Coyle President of the Appraisal Institute (Full Bio) On Friday, October 16, the Norris Group proudly presents its 8th annual award-winning black-tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds

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Communities Given Over $100M for Hazard and Lead Paint Removal

August 27th, 2015

  Today’s News Synopsis:    Existing-home sales still on the market increased by a slight 0.5% last month according to the National Association of Realtors.  GDP increased to 3.7% in the second quarter according to the latest Bureau of Economic Analysis report.  Communities have been given over $100 million by HUD to

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Tesla Hopes to Move Towards More Energy Efficient Economy, Thus Benefiting the Real Estate Market

August 26th, 2015

  Today’s News Synopsis:   The Tesla company is moving towards creating a more electronic-based economy, eliminating the need for natural fuels, and in turn benefit the real estate market.  Zillow reported home values dipped into the negative range, but this could actually be a good thing in that it should take

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MBA Expects Housing Demand To Increase Greatly Over Next Decade

August 25th, 2015

  Today’s News Synopsis:   The Mortgage Bankers Association expects housing demand to increase greatly over the next decade with between 13.9 and 15.9 million new household formations by 2024.  New home sales in the US saw their biggest increase this year of 5.4%, putting them now at 507,000.  At the same

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Many Question If Fed Will Continue With Plan to Raise Rates

August 24th, 2015

  Today’s News Synopsis:   The outlook for economic growth in the second quarter was below positive expectations according to Fannie Mae, primarily due to a decrease in equipment and structure investments on nonresidential properties.  Many are beginning to question if the Fed will continue with their plan to raise rates after

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