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Negative equity remains a drag on housing market

FSBO — Fri, 25 May 2012 01:55:45 +0000

Nearly 1 in 3 homeowners with a mortgage in L.A. County owes more than the property is worth, new data show. These underwater loans hinder mobility and hurt prices because they tend to stymie the important move-up market.

Even as a tentative housing recovery in the Southland appears underway, a big stumbling block remains: the vast number of underwater homeowners.

Read the original post on L.A. Times – Real Estate News

US sales of new homes rose 3.3 percent in April

FSBO — Thu, 24 May 2012 13:54:29 +0000

Sales of new homes rose solidly last month, adding to evidence of gradual improvement in the housing market.

Read the original post on The Seattle Times: Real Estate

Home resales rise in April

FSBO — Wed, 23 May 2012 09:55:36 +0000

Americans are buying more homes in every region of the country, the latest indication that the housing market could be on the mend.

Read the original post on L.A. Times – Real Estate News

Mastro creditors unlikely to recoup more money in near future

FSBO — Wed, 23 May 2012 01:56:03 +0000

Creditors of bankrupt former real-estate magnate Michael R. Mastro probably won’t get more than a penny on the dollar for several years, the court-appointed trustee in the case said in a report this week.

Read the original post on The Seattle Times: Real Estate

Ellen Degeneres downsizes into 8,500-square-foot Beverly Hills home

FSBO — Mon, 21 May 2012 17:56:08 +0000

The daytime show host has sold her 3-acre Beverly Hills compound, which includes four structures, to Ryan Seacrest.

Cyberspace was a-twitter this week with the news that Ryan Seacrest is buying Ellen DeGeneres’ Beverly Hills compound for $37 million, and that she and spouse Portia de Rossi are moving no farther than a Hal Levitt-designed midcentury — also in Beverly Hills.

Read the original post on L.A. Times – Real Estate News

Downtown Seattle condos are finally filling up

FSBO — Mon, 21 May 2012 13:56:55 +0000

The glut of condos that hit downtown Seattle right during the real-estate downturn is disappearing as buyers move back into the market.

Read the original post on The Seattle Times: Real Estate

Celebrity sellers have little effect on home prices

FSBO — Sun, 20 May 2012 01:59:47 +0000

A famous name can boost buyer interest in a home, but it doesn’t necessarily pump up the price.

Their internationally recognized names sell music and movie tickets. They promote perfumes and presidents. But when it comes to selling their own houses, celebrities often find that their cachet doesn’t pull in the cash.

Read the original post on L.A. Times – Real Estate News

Appraisals overvalue real estate, study finds

FSBO — Sun, 20 May 2012 01:59:46 +0000

Using data from thousands of securitized real-estate bonds in which the properties were foreclosed on and liquidated, a study found a wide discrepancy between the appraisal values and the eventual sales prices of the properties.

Read the original post on The Seattle Times: Real Estate

Foreclosures decline in U.S., King County in April

FSBO — Fri, 18 May 2012 13:55:41 +0000

The number of U.S. homes taken back by lenders in April declined 7 percent from March and 26 percent from April 2011, RealtyTrac reported. In King County, the number of homes repossessed was down 19 percent from March and a whopping 65 percent from last April

Read the original post on The Seattle Times: Real Estate

California home prices and sales volume rise in April

FSBO — Fri, 18 May 2012 09:55:08 +0000

California’s housing market showed strength in April as median prices rose and sales outperformed the same month last year.

Read the original post on L.A. Times – Real Estate News