Archive for December, 2011
Hot Property: Dennis Quaid sells Pacific Palisades estate
The actor’s property, which sells for $9.5 million, came on the market in March at $16.5 million. Actor Dennis Quaid has sold his equestrian estate in Pacific Palisades for $9.5 million.
A year of tumult
Economic distress continued to ripple across the North Coast in 2011, with angst over job losses, home foreclosures and business malaise.
Home values down; insurance costs up? – MyFox Tampa Bay
TAMPA – If you own a home, chances are your property value went down this year. But for thousands of homeowners who have Citizens Insurance, their premiums are still going up. That’s because the state-run insurance company says the replacement …
Group led by Oakland A’s owner buys Sainte Claire hotel
An investment group headed by Oakland A’s owner and realty entrepreneur Lew Wolff has snapped up the Sainte Claire hotel, a purchase that signals rising confidence by investors in downtown San Jose. “Cities like San Jose and Oakland are in the path of growth,” said Wolff.
Bank of America finds few takers in short-sale program in Florida
The short-sale program, announced in October, has riled some homeowners because Bank of America will not tell them how much money they will receive until the sales are nearly complete, real-estate agents say.
Va. homeowners face foreclosures during the holidays
The house will be gone soon. For Jenny and Robert Click, the loss of their Dale City home, scheduled to be sold at a foreclosure auction Jan. 6, has loomed over their holidays. The sense of sorrow was so intense that Jenny Click considered ignoring Christmas and New Year’s, then changed her mind and put [...]
Toll of home foreclosures is too high to fight alone – Vindy.com
The assault on the AMERICAN dream of home ownership remains a haunting aftereffect of the Great Recession. Foreclosures continue to rise at an alarming rate, with banks shuttering the doors on a record 3.8 million homes last year. As Vindicator Staff …
New high-end realty offices opening despite real estate downturn
Boutique firms in high-end niches are continuing to open even as the number of licensed agents statewide shrinks. Despite the tanking of the housing market, posh new realty offices have continued to open their doors, particularly in upper-priced Los Angeles-area communities where agents need only a few sales a year to make a living.
North Carolina Farm Bureau Weighs Cutback in Homeowners Policies – Insurance Journal
it would lose about 20 percent of its homeowners’ book of business. According to the department of insurance, the North Carolina Farm Bureau is the third largest homeowners’ insurer in the state with a 13.9 percent market share.
Realtors Lower 2007-2010 Home-Sales Estimates by 14% – Wall Street Journal
Other factors leading to the downward revision included a decline in “for sale by owner” transactions that were completed without a real estate agent, some new-home sales also being reported by real estate listing services and some sales …
