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Low-ball offers decline in some housing markets

Helen Rivard — Wed, 09 May 2012 02:43:25 +0000

Los Angeles Times

A year ago, 1 out of 10 REALTORS® surveyed said houses were receiving low-ball offers. In the latest survey, there were hardly any. Instead, the focus ha shifted to declining inventory levels.

Read the full story
http://www.latimes.com/business/realestate/la-fi-harney-20120422,0,7259627.story

Aid for troubled mortgages has been revamped

Helen Rivard — Tue, 01 May 2012 06:20:03 +0000

The Sacramento Bee
Nearly five years after the housing bust began, government programs to help those who are underwater on their mortgages, unemployed, or unable to make their payments are kicking into gear.
Read the full story
http://www.sacbee.com/2012/04/22/4430747/aid-for-troubled-mortgages-has.html

New housing scam emerges in California

Helen Rivard — Tue, 13 Mar 2012 02:54:53 +0000

San Diego Union-Tribune
State officials have noticed an emerging scam: Callers say they will help homeowners apply for Keep Your Home California benefits for fees of up to $900. The calls are happening statewide. Applying for the program is free.
Read the full story:
http://www.utsandiego.com/news/2012/mar/07/new-housing-scheme-emerges-california/

State targets property-tax payers

Helen Rivard — Tue, 24 Jan 2012 03:09:11 +0000

Orange County Register

Beginning with the 2012 tax bill (the one due in April 2013), the state Franchise Tax Board will require property owners to break down their property taxes into deductible and non-deductible portions.Read the full story:
http://economy.ocregister.com/2012/01/09/state-targets-property-tax-payers/101799/

Fast Facts

Helen Rivard — Thu, 20 Oct 2011 03:09:05 +0000

Calif. median home price: September 2011: $287,440 (Source: C.A.R.)
Calif. highest median home price by region/county September 2011: Marin: $786,590 (Source: C.A.R.)
Calif. lowest median home price by region/county September 2011: Siskiyou County: $113,330 (Source: C.A.R.)

Calif. Pending Home Sales Index: August 2011: 125.3, an increase of 12.6 percent compared with a prior year.

Calif. Traditional Housing Affordability Index: Second quarter 2011: 51 percent (Source: C.A.R.)

Mortgage rates: Week ending 10/13/2011 30-yr. fixed: 4.12 fees/points: 0.8% 15-yr. fixed: 3.37 fees/points: 0.8% 1-yr. adjustable: 2.90% Fees/points: 0.6% (Source: Freddie Mac)