Items Tagged with 'California housing'

ARTICLES

Is San Francisco in a housing bubble?

Fitch Ratings suggests Bay Area home prices are at 'unsupportable' level
San Francisco often ranks among the "hottest" housing markets due to its rapidly rising housing prices. But how hot is too hot? A new report from Fitch Ratings suggests that San Francisco is reaching that point, with the dreaded "b" word being thrown around now.
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St. Louis Rams sacked by real estate reality as team moves to Los Angeles

Moving from modestly priced Midwest to high-cost California
When the National Football League announced last week that the St. Louis Rams are moving back to Los Angeles, it seemed that everyone involved got what they wanted, except Rams’ fans in St. Louis, of course. But for those moving from St. Louis to Los Angeles with the team, they are about to take a big financial hit thanks to the vastly different costs of living from St. Louis to Los Angeles.
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Thanks to TRID, California home sales exploded in December

Delays led to highest monthly sales increase in five years
After November 2015 turned out to be California’s worst home sales performance for the month since 2007, several observers were quick to point to the implementation of TRID as the cause. But November 2015 is looking like a mere speedbump for California. That's because December proved all that wrong. Here are the numbers.
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Buy this super-green California home, get a free Tesla

Desperate times call for desperate measures?
Over the years, we’ve seen some creative efforts when it comes to trying to sell a home. About this time last year, the owner of a 16,000-square-foot mansion in Dallas offered up a free 2015 Bentley to the real estate agent or Realtor who secured a buyer for their home – in addition to their normal commission. But a new listing in California takes the automobile sweetener to a higher, and greener, level.
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Are we seeing the end of California's housing juggernaut?

Except for Silicon Valley, home-price appreciation has all but stopped
Home sale volume in the state of California continues to remain relatively low due to lack of available housing inventory and a decline in affordability, a report from PropertyRadar shows. And when it comes to home-price appreciation on a county-by-county basis, the news isn't quite so rosy.
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What’s California real estate going to do in 2016?

Sales expected to rise; price growth will slow down
While California’s housing market is expected to improve in 2016, a shortage of available inventory and continuing high costs are expected to limit it, according to a report released by the California Association of Realtors.
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Oakland sues Wells Fargo for mortgage discrimination

Becomes latest city to sue for allegedly steering minorities into high-cost loans
The city of Oakland, California is the latest municipality to sue one of the nation’s largest banks. The city accuses Wells Fargo of allegedly steering minority borrowers into higher-cost loans, which led to rampant foreclosures and neighborhood blight.
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Lawsuit: Ocwen sent false reports to consumer credit agencies

Homeowner wants court to revive suit alleging servicer violated consumer law
A homeowner in California is asking the Ninth Circuit to revive his putative class action lawsuit against Ocwen Loan Servicing for submitting false information to credit agencies. Judges seemed skeptical, suggesting Ocwen technically stayed in the confines of the law. You decide.
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