Items Tagged with 'California housing'

ARTICLES

House flipping is back…in California, at least

Wall Street Journal reports on return of flippers
House flipping, which served as one of the canaries in the coal mine before the house collapse, is apparently back on the map, in California, at least. In the words of one flipper, “the floodgates have opened” when it comes to finding financing for flipping.
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California home sales decline as market moves into autumn

Follows seasonal trends
Summer is over, and the housing market is transitioning into the fall and winter months. As a result, California home sales followed typical seasonal trends in September and decreased. Madeline Schnapp, director of Economic Research for PropertyRadar, takes a longer-term view to give a better picture of the market.
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Will California real estate experience the toughest year yet in 2017?

Projected to have lowest housing affordability in six years
The trials that plagued the California housing market in 2016 aren’t expected to get too much better in 2017. The California Association of Realtors' forecast for 2017 is out and some parts of it look very familiar. Once again, the real estate market is projected to face a major supply shortages and affordability constraints.
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Is California's housing boom finally coming to an end?

CAR: Affordability and inventory tightens
Not too long ago, California’s housing market reached a nearly four-year high, but that momentum came to a halt in July when sales fell from the previous year for first time in 18 months. Now, according to the August report from the California Association of Realtors, the market is likely to stay down.
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California home sales come tumbling back down to earth

Home values remain strong
Just one month after posting a nearly four-year high, home sales in California took a step backwards in the month of July, with year-to-date sales falling from the previous year for first time in 18 months, according to a new report from the California Association of Realtors.
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Mortgage brokerage CEO jailed for stealing homes, renting them back to struggling homeowners

Direct Money Source CEO guilty of conspiracy, loan fraud, aggravated identity theft
The former owner and chief executive officer of a California mortgage brokerage will spend nearly the next eight years in federal prison after pleading guilty to charges that he falsely promised to help distressed homeowners avoid foreclosure. But instead of actually helping the struggling homeowners keep their homes, David Singui, and his company, Direct Money Source, stole the equity in the homes and served as the homeowners' impostor landlord for a period of years.
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California AG backs expansion of Homeowners' Bill of Rights

Throws support behind bill that would help widowed spouses keep their homes
California Attorney General Kamala Harris is throwing her support behind a bill that expand the state’s Homeowners’ Bill of Rights to include a provision designed to help widowed spouses and children stay in their homes after the primary mortgage holder passes away.
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