California Housing still flat

California’s housing market continues to be bifurcated both geographically and demographically, with the San Francisco Bay Area and high-end housing markets outperforming other regions and market segments,” said California Association of Realtors chief economist Leslie Appleton-Young. “A strong job market and barriers to building new housing are creating an imbalance between supply and demand in … Continue reading California Housing still flat

Los Angeles housing most expensive in the nation

A new study by the University of California, Los Angeles concludes that LA has the least affordable rental homes in America, and other reports rate California as the worst state both for renters and mortgage-payers (see map). The UCLA study reports that tenants in LA spend on average 47% of their gross income on rent—a … Continue reading Los Angeles housing most expensive in the nation

Orange County still trying to shake the real estate blues

Zillow shows residents living in Orange County lose about half their income paying their rent or mortgage to live in the least affordable housing market in the U.S., see Orange County Zillow. Everything is still down. The direction of the housing industry can be seen in the direction of median household incomes, labor force participation and … Continue reading Orange County still trying to shake the real estate blues

Flipping Houses is no longer profitable

The monetary appeal of flipping a home is starting to dissipate as the market returns to historical trends. Back in the second quarter of 2013, 6.2% of homes were flipped, compared to just 4.6% in the second quarter of 2014, according to that newest Residential Property Flipping Report from RealtyTrac.   This is also down … Continue reading Flipping Houses is no longer profitable

Blast from the Past- Principal Reductions Resulting From Short Sales Will End the Las Vegas Real Estate Crises 2009

WHAT A LONG STRANGE YEAR ITS BEENIn the Spring of 2008, Las Vegas homeowners stopped paying their mortgage, and filed predatory lending lawsuits against their lenders alleging mortgage fraud including RESPA and TILA violations. Hundreds of those cases were filed in the Clark County State and Federal Courts. The year following those filings, testy Las … Continue reading Blast from the Past- Principal Reductions Resulting From Short Sales Will End the Las Vegas Real Estate Crises 2009

U.S. home prices increase for three years

Home prices continue their slow upward climb in most U.S. counties.  Despite a weak start to real estate transactions in the first quarter, home prices continued to trend higher and increased for the eleventh consecutive quarter, rising 1.3% in the first quarter of 2014, according to the Federal Housing Finance Agency House Price Index.Compared to last year, … Continue reading U.S. home prices increase for three years