| • |
01/25/2007 California foreclosures rise to 8-year high in Q4
|
|
Mortgage default notices filed against California homeowners
hit the highest level in about eight years in the final quarter of 2006, real
estate research company DataQuick
Information Systems reported Wednesday.
|
|
|
| • |
01/25/2007 Home Improvement Spending Up Marginally
|
|
According to the Joint Center for Housing Studies at Harvard, Americans spent $168.7 billion on home improvements and repairs in 2006, 1.5 percent more than in 2005.
|
|
|
| • |
01/25/2007 More Rental Market Uncertainty
|
|
A second report, in as many days, about apartment market jitters says too many unsold condos could gum up the works my mid-year in what was considered a hot rental market.
|
|
|
| • |
01/25/2007 Recreational Condos Take Off in Ontario
|
|
Ontario's The Village at Blue Mountain resort had no snow and no skiing during the Christmas holidays due to unseasonably warm weather, but that's not discouraging investors. At the halfway point of its development, Blue Mountain is generating the second-highest occupancy rate and the second-highest rental revenue in the Intrawest network, and because of those numbers, it's generating a lot of interest among investors. Just as the condominium market has been booming in recent years in Ontario's urban centres, the recreational condo market is also strong.
|
|
|
| • |
01/24/2007 Inman Blog challenge: Share your weirdest real estate deal
|
|
Editor's
note: The following excerpt comes from the Inman News Blog. Click
here to join a discussion and offer input on your weirdest real estate
transaction.
|
|
|
| • |
01/24/2007 First American Title pays $10M to settle illegal rebate charges
|
|
First American Title Insurance Co. has quietly agreed to pay
$10 million to settle allegations by California regulators that the company
illegally drummed up business by making cash payments and other inducements to
real estate professionals that included free software, tickets to rock
concerts, chartered fishing trips, riverboat dinner cruises, and trips to
racetracks and casinos.
|
|
|
| • |
01/24/2007 RE/MAX reports big home-price gains in Canada
|
|
A RE/MAX report on Canadian
markets found that the average home price in that country increased 264
percent in a 25-year span, or 11 percent per year.
|
|
|
| • |
01/24/2007 South Florida home sales up, prices down
|
|
Home sales in South Florida's Broward County edged up in December, as a massive selection of inventory and lower prices lured buyers into the market, according to statistics provided by the Realtor Association of Greater Fort Lauderdale.
|
|
|
| • |
01/24/2007 Home loan apps drop 8.4%
|
|
Another round of rising interest rates last week sent
mortgage application volume tumbling, the Mortgage Bankers Association reported
today.
|
|
|
| • |
01/24/2007 National City still holds $7.3 billion in subprime loans
|
|
National City Corp. reported
a $622 million after-tax gain on the sale of its First Franklin subsidiary, but
is still trying to unload $7.3 billion in loans made by the subprime lender
before the sale.
|
