Items Tagged with 'California housing market'


  • California man admits to running $24 million real estate Ponzi scheme

    Used investors’ money to pay personal expenses, fund gambling activities
    A California man admitted in court this week that he ran a massive real estate Ponzi scheme and defrauded investors out of $24 million by falsely promising that he planned to use their money to purchase residential properties and either manage the properties for rental income or flip the properties and resell them for a profit.
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  • Real estate startup Reali will help buy or sell your California home for only $950

    Rolls out flat fee for homes priced under $250,000
    Reali, a tech-focused real estate startup that charges flat fees for both homebuyers and sellers, is now offering one of the nation’s smallest transaction fees in one of the nation’s most expensive real estate markets. Reali announced this week that it is rolling out a new program that will help certain California buyers and sellers buy or sell their home for only $950.
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  • California home sales start 2017 on a strong note

    Median sales price drops below $500,000 for first time since March 2016
    While winter usually means a decline in home sales, California just saw its first increase in home sales between December and January since 2012, a sign that the Golden State could be in for a strong housing year.
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  • California regulator reveals what Ocwen did wrong

    Auditor found "hundreds" of violations of law
    Ocwen Financial announced late last week that it successfully extricated itself from the mortgage servicing restrictions placed on it by the California Department of Business Oversight. The final settlement total included $198 million in debt forgiveness. So why was the settlement so big? Turns out that Ocwen’s operations weren’t exactly squeaky clean for the last few years.
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  • California Realtors getting nervous about housing market future

    CAR's 2016 housing predictions came true, now what?
    Now more than half a year into 2016, and the California Association of Realtors’ predictions that a shortage of available inventory and continued high costs would limit improvements in 2016 are coming true. And looking at the latest CAR report, it appears to be getting to Realtors.
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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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  • California home sales explode in June

    Post first double-digit monthly growth since 2011
    The Golden State experienced a very good month for real estate in June, as California existing home sales hit a nearly four-year high, according to a new report from the California Association of Realtors. But it's not all good news. Here's the full story.
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  • LA demolishes affordable housing to build luxury homes

    More than 20,000 units taken off the market since 2001
    There is already a huge gap when it comes to income as well as finding a place to stay in California, especially in Los Angeles. In the city, instead of helping low income families, investors are demolishing rent-controlled buildings in favor of luxury homes.
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  • California housing positioned for strong 2016

    New report shows pending home sales increase in December
    A new report from the California Association of Realtors shows that California pending home sales continued to progress through 2015 with solid gains, which will position the market for a modest increase in home sales in 2016.
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