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 Hollywood has been replaced by many other great locations to make movies, and many real estate investors have more faith in the rebound capabilities of Texas, North Carolina,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 January New Home Sales Down in Southern CaliforniaFeb 26th, 2012
New-home builders are still feeling the pain in Southern California and throughout the Golden State. The number of new construction permits pulled for homes in Southern California slumped significantly in three key Southland counties in January when compared to the same month a year prior. Riverside County appeared to be a bright spot, up 50% from the same month a... read_more
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