Housing prices in November 2011 remained level or dropped by 1-2 index points in all three home-pricing tiers in California’s three largest cities, according to the Case-Shiller price indexes (shown below). Pricing for high-tier homes has remained mostly flat and weak throughout 2010 and 2011, after a brief “dead cat bounce” rise in mid-2009. Average [...]
This article looks at home sales volume through and beyond the current recovery.
2010 2009 2008 Estimated Pop. Aged 25-34 5,317,877 5,204,067 5,290,256 SFR Construction 25,502 25,454 164 Apt/Condo Construction 19,423 10,967 161 Chart last updated 7/10/11 Data courtesy of the Construction Industry Research Board (CIRB) and the US Census Bureau All forecasts are made by first tuesday based on current data, influential factors and market trends. This [...]
This report discusses the advantages and disadvantages of bankruptcy for troubled current homeowners and would-be future homeowners.
A digest of recent court cases affecting real estate.
‘Short-Refi Program’ application numbers are rising as lenders sign up to participate, the Federal Housing Administration (FHA) reported last week. The Department of Housing and Urban Development (HUD) received 387 applications and endorsed 89 cases as of March 11, 2011, close to double the volume from the previous week. The FHA commissioner also confirmed 23 [...]
Charts with up-to-date information and predictions about the course of the California real estate market.
This article discusses the existing and potential incentives for lenders to renegotiate the balance of a homeowner’s loan in order to avoid foreclosure, and asks why lenders have traditionally been so reluctant to undertake such renegotiations.
A digest of recent court cases affecting real estate.
A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For an archive of Legislative Watch years, click here.
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