Why one investor bought land — instead of homes — during the housing bust
Washington Post (blog)
After the housing market tanked, real estate investors began snapping up foreclosures at bargain prices, betting they could rent them for a tidy profit and sell them when the market recovered. But not David Lichtenstein, 53. He went after the land ...
US home prices rise at slowest pace in 20 months
And unlike earlier in the recovery, they aren't dependent on foreclosures. More homes are being listed for sale by regular homeowners, many ... It has risen 38 percent in California and 33 percent in Arizona. That has helped slow price gains in those ...
Foreclosure rates tumble across Central Valley
Central Valley Business Times
Month by month, the nightmare of crashing home prices and thousands of foreclosures is slowly fading in the Central Valley and the latest foreclosure rate figures from financial information company CoreLogic Inc. (NYSE: CLGX) of Irvine pushes the ...
Hispanic Borrowers Diminishing in California Housing
... half what Ramos paid in 2004, according to public records. It sold again in January 2013 for $238,500 to Russell Ghorishy, an engineer and business consultant from Newport Beach, California, who owns three rental homes that went through foreclosure.
Modesto man gets nearly 2 years in prison for mortgage scam
A Modesto man was sentenced Monday to one year 10 months in federal prison for his role in a foreclosure rescue scam that bilked nearly $5 million from more than 1,000 victims throughout California. Brent Medearis, 48, and others preyed on people ...
Over-The-Top Home Theaters Are Back: 8 Of The Quirkiest Ones
I'm a staff writer at Forbes covering real estate: from ultra-luxury homes to foreclosures to the people making the deals happen. Until recently, I was a member of our Forbes wealth team, ... Over the last 18-24 months requests have been coming in from ...
We Need to Focus on Strategies for Building Generational Wealth
As foreclosures reportedly slow (pdf) in some parts of the country, we should champion efforts to make homeownership more affordable and sustainable while also creating opportunities for renters to have some of the same advantages for building wealth ...
The Desert Sun
Foreclosures rising in the Coachella Valley again
The Desert Sun
Foreclosure activity increased 27 percent from last August. California foreclosures follow three steps: notices of default, scheduled public auctions and finally bank repossessions, if the owner fails to pay what is owed during default. These are ...
Mid Columbia Tri City Herald
Foreclosures, Home Sales Fall
San Fernando Valley Business Journal
Even as foreclosures fell to more normal levels, home sales in Southern California slipped to a four-year low in August as would-be buyers faced inventory and affordability challenges, according to separate reports released Thursday. The median sale ...
Southern California home sales at four-year low, with prices at post-recession ...
California home sales drop to 4-year August low
Southern California housing market downshifts in August
California Home Foreclosures Increase In August
Capital Public Radio News
The report showed one in every 1,126 U.S. housing units with a foreclosure filing during August. Blomquist said California's foreclosure rate is slightly above the national average and was the 13th highest of states in August. "We haven't quite seen ...
U.S. Real Estate Foreclosure Activity Sees Rise in August
Chicago's foreclosure rate 5th among big cities
Year-Over-Year Foreclosures Down Nine Percent in August