According to the Associated Press yesterday, rates for 30-year home loans edged up last week, but remain close to record lows reached over the spring.
The average rate for a 30-year fixed mortgage was 5.14 percent, up from 5.12 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates, while above the record low of [...]
Continue reading about 30-year rates edge up, still entice buyers
Mark Glover writes in the Sacramento Bee:
The California Association of Realtors’ latest report of monthly home sales offered a mixed bag.
CAR said Tuesday that statewide home sales increased 12 percent in July compared with July 2008, while the median price of an existing home declined 19.6 percent.
It was the 11th straight month that existing home [...]
Continue reading about Realtors say home sales rose 12 percent in state
Julie Johnson writes this in the Sacramento Bee:
Many of the subprime lenders that issued the shaky loans responsible for the nation’s mortgage meltdown are now receiving billions of taxpayer dollars intended to help homeowners avoid foreclosure, according to a report from the Center for Public Integrity being released today.
The Washington, D.C.-based nonprofit investigative journalism organization [...]
Continue reading about Many subprime lenders collect federal money to fix problem
Darrell Smith writes in the Sacramento Bee today, Thursday, Aug. 27, 2009:
A major credit reporting company predicts mortgage delinquency rates will continue rising in the Sacramento area – with 12 percent of homeowners falling at least two months behind on their payments by year’s end.
That’s nearly twice the national projection and a dramatic jump from just [...]
Continue reading about Deeper Sacramento housing crisis is forecast
Published today, August 26, 2009 in the Sacramento Bee by Mark Glover:
The price Californians are paying for a prolonged recession and housing crisis hit home with a thud Tuesday.
For the first time since the California Board of Equalization began keeping records in 1933, the value of all assessed property statewide declined in a year-to-year comparison.
Amid [...]
Continue reading about California property assessment values fell for first time since 1933
Mark Glover writes today in the Sacramento Bee that home sales increased 12 percent in July in California compared with the same period a year ago, while the median price of an existing home declined 19.6 percent, the California Association of Realtors reported today.
It marked the 11th straight month that existing home sales in California [...]
Jim Wasserman writes today in the Sacramento Bee the following:
Some day this housing crash will end. Judging from history, Sacramento’s ranks of developers will snap right back into growth mode – building a fresh wave of new homes.
The big question: Will this new wave of growth create a more urban, compact Sacramento, as many community [...]
Continue reading about When the housing crash ends, how will Sacramento grow?