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Housing

Archived Posts from this Category

Wed 14 May 2008

Homes planned at Whittaker-Bermite munitions site

Posted by admin under City of Santa Clarita , Housing , Developement  No Comments 

A former munitions site that is still being cleaned up in the heart of the City of Santa Clarita could become a housing, retail and commercial project, (more…)

 

Tue 13 May 2008

Sales Increase as Home Prices Fall

Posted by admin under County of LA , Housing  No Comments 

Los Angeles County home sales continued their rebound in April as warmer weather and falling prices coaxed homebuyers back into the market. Sales for the month rose about 15 percent over March as the median price slid 2 percent to $456,000, according (more…)

 

Sun 11 May 2008

Fannie to Aid Underwater Loans

Posted by admin under Housing , National  No Comments 

Fannie Mae is preparing to introduce by midyear a program of refinancing mortgages for people who owe more than the current value of their homes, a situation known as being “underwater.” (more…)

 

Sun 11 May 2008

Northern CA Town of Brentwood is the poster child for housing bust

Posted by admin under Housing , State  No Comments 

ForeclosureSign.jpgRoger Abraham stands in his driveway, one hand holding the newspaper, the other sweeping across the homes on Brentwood’s Solitude Street. “This one,” he points, “this one, this one.” All empty. This farming community on the eastern edge of the Bay Area absorbed an outsize portion of the region’s growth during the prolonged housing and (more…)

 

Tue 6 May 2008

Doubts Raised on Big Backers of Mortgages

Posted by admin under Housing , National  No Comments 

As home prices continue their free fall and banks shy away from lending, Washington officials have increasingly relied on two giant mortgage companies — Fannie Mae and Freddie Mac — to keep the housing market afloat. (more…)

 

Wed 30 Apr 2008

Fall in US house prices accelerates

Posted by admin under Housing , National  No Comments 

US house prices continue to plunge by a record amount, a new report showed on Tuesday, adding to pressure on consumers and threatening to prolong a domestic (more…)

 

Tue 29 Apr 2008

Bill requires lenders to maintain homes in foreclosure

Posted by admin under Housing , State  No Comments 

California lawmakers want banks and other lenders to make sure foreclosed homes don’t become run down and a source of blight. If they fail to do that, they’ll face a $1,000-a-day (more…)

 

Tue 29 Apr 2008

Home foreclosures surging

Posted by admin under Housing , National  No Comments 

ForeclosureSign.jpgThe number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, (more…)

 

Fri 25 Apr 2008

Frank pushes for mortgage intervention

Posted by admin under Housing , National  No Comments 

Barney Frank, the powerful Democratic chairman of the House financial services committee, issued a stark warning at a breakfast meeting with reporters in Washington on (more…)

 

Wed 23 Apr 2008

Foreclosures highest since at least 1980s

Posted by admin under County of LA , Housing  No Comments 

ForeclosureSign.jpg   Foreclosure proceedings against California homeowners jumped by more than 140 percent in the first quarter of 2008, the result of risky loans during boom times, a real estate research firm said Tuesday. (more…)

 

Fri 18 Apr 2008

Mortgage plan could cost taxpayers $6bn

Posted by admin under Housing , National  No Comments 

A Democratic proposal to use public funds to guarantee up to $300bn in mortgages could cost the US taxpayer up to $6bn, according to a preliminary assessment (more…)

 

Wed 16 Apr 2008

Foreclosure glut further depresses housing prices

Posted by admin under Housing , Los Angeles  No Comments 

The traditional spring home-buying season is off to its worst start in 20 years, data released Tuesday show, with sales so weak that foreclosures now account for more than one-third of all market activity. (more…)

 

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