Is Real Estate Recovery Imminent in California?Apr 12th, 2012
California has a big problem. It is no longer exempt from the economic hardships of the rest of the US. Silicon Valley is not the high tech monopoly it once was. Hollywood has been replaced by many other great locations to make movies, and many real estate investors have more faith in the rebound capabilities of Texas, North Carolina, Massachusetts,... read_more Ten US States With the Highest Rates of ForeclosureMar 15th, 2012
Distressed sales accounted for nearly a quarter of all U.S. home sales in the last three months of 2011, with an increasing share made up of short sales, according to a report from foreclosure data firm RealtyTrac released today.
Sales of homes in some stage of foreclosure or bank-owned made up 23.7 percent of sales overall last quarter, down from 26.4... read_more California Housing Market Improves, Unemployment DropsMar 11th, 2012
A solid national jobs report this morning -- 227,000 new jobs added, unemployment rate steady at 8.3 percent -- was followed by a psychologically significant California report, from the state's Employment Development Department. At long last, we're below 11 percent -- 10.9 to be exact, for January 2012.
Bear in mind that 10.9 percent is still much higher than the national... read_more Barrons' Twenty Best Places to Buy a Second Home: North Lake Tahoe, CaliforniaMar 9th, 2012
For second homes in America's most affluent locations, the past year was ugly. No way else to describe it. Median home prices were down 50% in North Lake Tahoe, and 44% on Martha's Vineyard, to cite two examples.
Last year was brutal for second homes in the nation's most affluent areas. But the market is firming up again. Here's our list,... read_more
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