Fewer Mortgage Defaults For the 8th Straight Month
First mortgages defaulted at a 1.4% rate in August, down from 1.92% one year ago, according to S&P and Experian. Fewer borrowers defaulted on their first mortgage than for the eighth straight month, according to consumer credit data from Standard &...
Reese Witherspoon Selling Ojai, CA Spread…$10 Million and it’s Yours
Reese Witherspoon’s Ojai retreat has hit the market for $10 million. The horse property was not only a getaway for Witherspoon and her family, but also a rumored escape for actor Robert Pattinson. According to reports, Pattinson headed to...
5 Mistakes Home Sellers Make!
This article is offered up by Zillow and a good article at that! After years of dead open houses, price reduction after price reduction and failed attempts to sell homes, many real estate markets are picking up. This could be welcome news to someone who has been...
NBC News Reports Short Sales on the Rise in California
Here's some scary stuff from NBC The pace of completed home foreclosures slowed a bit in August nationwide, as banks increasingly turned to so-called short sales to avoid the lengthy process of seizing, maintaining and selling properties. The pace of home seizures...
Napa Wineries Part of $269 million Sale-Lease Deal…We're Doing This for Homeowners
If you've been to NAPA...Northern end, you have seen this beautiful villa elevating from the surrounding Oaks... Iconic Napa wineries part of $269 million sale-lease deal THE PRESS DEMOCRAT Sterling Vineyards near Calistoga is part of Diageo alcohol conglomerate's...
$56Million, 112 Acres, Brentwood, CA …Actually a Steal
Robert Taylor Ranch Listed for $56 Million How can we say a "a steal"? Brentwood, CA is one of the most expensive zip codes in the US and high ranking in the world. When you consider that the average home in this part of Beverly Hills, Holmby Hills, etc... will sell...
It's Official…New Buyers Must Meet June 30 Close Deadline to Get Tax Credit
It seems our illustrious government representatives can't find a common ground to on which to meet...what's new? With the recent defeat of HR 4213 on The Hill...it leaves an uncertain feeling in the mouths of buyers that are trying to take advantage of the $8,000.00...
Nixon’s Former San Clemente, California Estate Gets Another Price Cut
It appears that not even the title of The President of The United States can salvage an offer in todays Southern California home market. This exquisite example of a Spanish Revival...predominant on So Cal's Gold Coast during the 1920's and '30's...wreaks of a relaxed...
Charlize Theron Renting Her Malibu Beach House for $50,000/Month
I'm wondering if the home is a beautiful as she is? For the price of a brand-new car, you can rent a home in Malibu. It’s not just any Malibu home, but the home of actress Charlize Theron. The South Africa native is renting it out for $50,000 per month, according to...
What? Prisoners Buying Homes And Getting Tax Credit!
Home Tax Credit….Dead…No Extension
The proposal was simple and necessary: Extend the closing date for the home buyer tax credit from June 30th to September 30th — not the tax credit itself, which required buyers to sign a contract by April 30th, just the closing date. Anybody who has ventured into the...
Fannie Mae To Penalize Walk Aways…Better Known As Foreclosure!
Pull Back On Housing? CEO Of Redfin and Others Are….
How often to you hear a real estate broker bash housing? For me it's twice in two days. I had a chance today to sit down this morning, via satellite, with the CEO of online real estate brokerage Redfin, Glenn Kelman, who is one of the few people actually making money...
Consumer Spending Up…Paying Mortgages Down…Strategic Short Sales
The numbers are telling us some crazy things... It seems that Americans are placing themselves in a unique conundrum. With housing prices continuing to drop, many Americans are turning to loan mods and short sales to reduce their liabilities. As many are aware,...