Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things
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Items Tagged with 'California'

ARTICLES

Plutos Sama acquires The Fisher Law Group

Firm’s largest acquisition
Brena Swanson
Plutos Sama completed the acquisition of The Fisher Law Group, a default law firm practicing in Maryland and the District of Columbia, resulting in an increase of projected revenue from $54 million to $64 million.
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California housing market slows considerably

Non-distressed sales drop for the first time since 2005
Brena Swanson
California’s massive housing market is slowing down in almost every way imaginable. “With the exception of a few counties, price increases have slowed considerably,” said Madeline Schnapp, director of economic research for PropertyRadar.
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Three American cities score high on global luxury list

San Francisco, Los Angeles and Miami land in the top ten
Allison Tester
What do San Francisco, Los Angeles and Miami have in common besides beaches and tourist attractions? Real estate. All three cities are all on the list of the top ten luxury real estate markets in the world released by Knight Frank.
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Here’s where California went all wrong with the National Mortgage Settlement

Other states need to make amends, too
Jacob Gaffney
Everyone was on board and the national mortgage settlement money was meant to flow to distressed homeowners in hopes of staving off more foreclosures. It was a feel good moment, one we could all get behind. Then the state stepped in and had to ruin this nice thing for everyone.
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Mortgage modification scammers bilked homeowners out of millions

California group found guilty of operating nationwide scam
Ben Lane
Three California residents are facing between 60 and 170 years in federal prison after they were convicted of running a nationwide mortgage modification scam that defrauded thousands of distressed homeowners out of millions of dollars.
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Michael Jackson’s Neverland Ranch hits the market for $100 million

Sadly, the amusement park rides are gone
Ben Lane
The California manse that was once the home of the late, great Michael Jackson is now available for sale. The price tag for the property once known as “Neverland Ranch”? $100 million.
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Los Angeles spec home to list for record $500 million

Is spec home demand growing?
Brena Swanson
The $500 million price tag of this new home in Los Angeles makes it one of the most outrageous speculative homes built to date, featuring 360-degree views of the Pacific Ocean, Beverly Hills, downtown Los Angeles and the San Fernando Valley. Are spec homes the next big thing?
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PropertyRadar: California home sales up 9%

Homebuyers stepping up to the plate
Brena Swanson
California single-family home and condominium sales were up 9% in April mostly due to the 9.2% gain in non-distressed property sales. But before you get too excited, it is still too early in the year to say the California real estate market is off to the races.
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California Realtors: Golden State finally becoming more affordable?

Housing starts to turn a corner
Brena Swanson
While California still has its fair share of hurdles to overcome, the state is making progress. In fact, a new report from the California Association of Realtors shows that this is the second consecutive quarter of improvements for the state.
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3 ways homebuyers can win bidding wars

You need more than a cover letter
Brena Swanson
After a recent article generated a lot of buzz on how buyers are winning bidding wars, the biggest takeaway from the comments: everyone and everywhere is different. So here are three different tactics a real estate agent uses that go beyond the standard letter.
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