Home Prices Continue to Slide

Data released last week by Standard & Poor’s indicates the fourth quarter of 2011 started with broad-based declines in home prices. The 20-city composite of S&P’s closely watched Case-Shiller index was down 1.2 percent in October versus September, while the 10-city composite reading registered a 1.1 percent drop. Home prices fell in 19 of the …

Continue reading ‘Home Prices Continue to Slide’ »

California Activists Call for Foreclosure Moratorium

Two California divisions of the Occupy Wall Street movement – Occupy LA and Occupy Santa Cruz – are beginning to focus their efforts on halting foreclosures. Mario Brito, leader of Occupy LA, announced a plan this week to pressure both banks and government officials to impose a foreclosure moratorium, according to the Associated Press. Brito’s …

Continue reading ‘California Activists Call for Foreclosure Moratorium’ »

Stronger Lure for Prospective Home Buyers

Owning Continues to Become More Affordable Relative to Renting, but Several Obstacles Prevent Many From Biting Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number …

Continue reading ‘Stronger Lure for Prospective Home Buyers’ »

Short Sales Offer Significant Discounts in Several Major Cities

Short sales are growing throughout the nation as distressed homeowners and servicers continue to seek alternatives to foreclosure and home buyers increasingly opt for the significant discounts that come with short sales. With 9,145 completed short sales, the Los Angeles area had more short sale transactions than any other metropolitan statistical area (MSA) in the …

Continue reading ‘Short Sales Offer Significant Discounts in Several Major Cities’ »