by Phyllis Rockower | Sep 12, 2013 | Real Estate News, Uncategorized
Southern California home prices unchanged in July and August as I predicted. Sales hit a seven-year high for the month as more people could sell as they were not underwater any longer. The median sales price was $385,000 last month in the six-county Southland,...
by Phyllis Rockower | Aug 29, 2013 | Real Estate News
Not surprising since dopey hedge funds flooded the market with homes they overpaid for and putout for rent instead of re-selling.The median rent for single family homes in LA fell 4.1 %last quarter from last year at the same time. [note color=”#ffffff”]In...
by Phyllis Rockower | Aug 19, 2013 | Foreclosure Updates
Foreclosure activity accelerated in July [highlight bg=”#fc0″ color=”#000″]rising off of the 78 month low[/highlight] it reached in June, RealtyTrac said today. There were 130,888 foreclosure filings – including default notices, scheduled...
by Phyllis Rockower | Aug 10, 2013 | Real Estate News
The 9th District court of Appeals of San Francisco says that the banks were never interested in granting loan mods. under the HAMP (affordable modification program) so they are allowing the lawsuit against Wells Fargo to continue. [note color=”#ffffff”]The...
by Phyllis Rockower | Jul 29, 2013 | Real Estate News
This is interesting stuff. Certain cities in Texas, and Co hit highs in their home price index. They are almost back up to the highs hit in 2007. Of course, we in Southern California are still way off the peak. Hard to believe we went down so much. I remember having...
by Phyllis Rockower | Jul 22, 2013 | Foreclosure Updates
Mortgage delinquencies in May posted thelargest year-to-date drop seen since 2002, Lender Processing Services (LPS) said today. Delinquencies were down 15 percent from the end of December 2012 to a May rate of 6.08 percent. This was a drop of 2.11 percent from April....
