Sales of existing, single-family homes rose 1.7 percent in December, while the median price rose 8.4 percent compared with the prior year, according to C.A.R.’s latest sales and price report. The median price of an existing, single-family detached home in California during December 2009 was $306,820, an 8.4 percent increase from the revised $283,060 median [...]
Posts from ‘January, 2010’
Case Shiller Index improves in November
The annual rate of home-price decline improved in November in the 10-City and 20-City Composites tracked as one of the S&P/Case-Shiller Home Price Indices released yesterday. The 10-City and 20-City Composites declined 4.5 percent and 5.3 percent, respectively, in November compared with the same month last year. All 20 metro areas and both composites showed [...]
STANDARD FORM “AS IS” CONTRACT FRAUDULENTLY CLAIMS TO BE C.A.R. APPROVED
Members have reported that certain investor buyers use a standard form “As-Is Contract for Sale and Purchase” which fraudulently purports to be approved by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). This standard form agreement has been used by Greenhills Financial Investment, LLC, among others. C.A.R.’s Legal Department is vigilantly pursuing this matter, which includes issuing [...]
Beach Villas close out sale reception event hosted at a Four Seasons, February 23 Four Seasons Beverly Hills 5:30pm-7:30pm
“Aloha! The beautiful Beach Villas at Ko Olina are going to be REDUCED TO SELL (all available inventory), May 2010. After a successful sales event in September, the Beach Villas at Ko Olina are 80% sold. We are excited to announce our Final Developer Close-Out Sale!!! You are invited to attend a reception event, [...]
SFGate: Investors dominate home flipping, auctions
House flipping, a quick-buck scheme pursued by amateurs and professionals alike during the real estate boom, now is dominated by investors willing to pay all cash, who troll auctions for foreclosures that banks are gradually trying to siphon off their books. This trend, which took hold more than a year ago, gained more ground last [...]
10 Cities Where It’s Smarter to Buy
For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices [...]
The coming “green” tax credit: what you need to know
The government is expected to unveil a new program in the next couple of months that, if approved, may reimburse homeowners for up to half the cost of making their homes more efficient. Through the program, homeowners will receive the largest return from simple upgrades like caulking windows, adding insulation, and changing incandescent light bulbs [...]
LA Times: Going to sell the house? Don’t wait for ‘spring’ in February
The busiest season for home sales traditionally begins the day after the Super Bowl. But putting off getting the word out about your property would probably be a mistake, some experts say. Traditionally, the “spring” home buying season, theoretically the busiest time in the marketplace, begins the day after the Super Bowl. Why this is [...]
