California home sales increase in October

Home sales increased 8.5 percent to a seasonally adjusted annual rate of 493,240 units in October compared with a year earlier, C.A.R. reported.  On a month-over-month basis, home sales in the state rose 0.9 percent. “Based on preliminary analysis, it appears that the lower conforming loan limits has had a cooling effect on home sales …

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5 big mistakes to avoid when choosing a neighborhood

So you’ve found your dream home — but what about the community around it? If you make one of these common blunders, that home may not be so great after all.

Buyers spend months combing through real-estate listing sites looking for that perfect home: the dwelling that fits their budget and their dreams of a better lifestyle.

But how much time do they spend looking at the area around it? Not nearly enough, says Andrew Schiller, founder and CEO of NeighborhoodScout.

“Most people focus on the house … and only secondarily look at the neighborhood. It should actually be the reverse,” Schiller says.

You can have a glorious house, Schiller says, but you will find your lifestyle suffering if the neighborhood isn’t a good fit. The people, amenities, schools and a host of other factors are what help determine whether you’re living the American dream or just living.

Here are the five biggest mistakes people make in choosing a neighborhood, as well as some tips on scoping out your next community…

California expands ‘Hardest Hit’ eligibility for distressed homeowners

California has expanded the pool of borrowers who could qualify for three programs aimed at helping families at risk of losing their homes, by making those who tapped their home equity or who took out loans after Jan. 1, 2009, eligible for assistance. The California Housing Finance Agency (CalHFA) is administering nearly $2 billion in …

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