First gain for Calif. prices in 16 months

REALTORS®: First gain for Calif. prices in 16 months The median price for an existing, single-family home in California rose 1.6 percent in March compared with the year before, marking the first year-over-year increase in 16 months, the CALIFORNIA ASSOCIATION OF REALTORS® reported Monday. Making sense of the story The statewide median price of an …

Continue reading ‘First gain for Calif. prices in 16 months’ »

California targets property-tax payers

Beginning with the 2012 tax bill (due in April 2013), the state Franchise Tax Board will require property owners to break down their property taxes into deductible and non-deductible portions. As many as 5 million California property-tax payers who have been taking the entire amount they pay off their state income taxes could see a …

Continue reading ‘California targets property-tax payers’ »

Will Year of Dragon be good for real estate?

If  past history is any guide, the new lunar year could be when the housing recovery really gets under way. Prices U.S. Calif. O.C. 1976 +7.9% +16.9% na 1988 +4.3% +18.4% +24.9% 2000 +4.3% +11.0% +12.6% Sales 1976 +23.7% +23.0% na 1988 +2.2% +10.0% +7.9% 2000 -1.0% -0.4% +2.2% The Year of the Dragon officially …

Continue reading ‘Will Year of Dragon be good for real estate?’ »

REOs: Where Are They Now?

Five years into the housing crisis, and foreclosures remain elevated. We’ve seen temporary lulls in home repossessions that coincided with the implementation of new state and municipal mediation efforts, moratoria enacted as federal programs ramped up, and suspensions of filings as lenders initiated paperwork reviews last fall. But by all accounts, the foreclosure tide has …

Continue reading ‘REOs: Where Are They Now?’ »