Monthly Archives: June 2011

California Economy Forecast To Grow Slowly

California, which once led the nation in recovery from economic downturns, is lagging this time, the Center for Economic Research and Forecasting reported today. “We think the economy’s going to be growing slowly,” said Bill Watkins, CERF executive director. Some … Continue reading

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Inside a high-end real estate deal gone bad

Scattered across 540 acres of San Diego County hills and ravines, the 235 opulent homes of the Bridges at Rancho Santa Fe flank a private golf course and country club with tile-roofed towers inspired by Tuscan villages. The placid panorama … Continue reading

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Tips for paring down your mortgage

Adzookie, a free advertising network for mobile devices, in April offered to pay the mortgage for homeowners in exchange for turning their houses into massive billboards. The response to the California startup’s promotional gimmick was swift. “It really blew my … Continue reading

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Manufacturing a drag on Ohio economy

Ohio and Michigan, once longtime industrial titans, are the only two states whose economies shrunk from 2000 to 2010, according to data from the U.S. Bureau of Economic Analysis. Passed by New Jersey, Ohio slipped from the seventh-biggest state economy … Continue reading

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Drop in conforming loan limits would raise cost of housing financing, hamper …

LOS ANGELES, CA – June 24, 2011 – (RealEstateRama) — More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration … Continue reading

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Retail properties generate very little interest – Press

Employers are not adding many jobs in Inland Southern California, and developers are in no hurry to build new homes. Until those things happen, there won’t be a surge in new retail development, a real estate market report found. The … Continue reading

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Stokley Properties Inc. Announces Increase in Business

SFGate June 24, 2011 04:00 AM Copyright SFGate. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Friday, June 24, 2011 Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/06/24/prweb8530576.DTL

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Lower Loan Limits: Let the Games Begin

The summer has barely started, but the fight is on against changes to loan limits that don’t take place until the first of October. Today the National Association of Home Builders released its own study claiming that lowering the loan … Continue reading

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REO and Short Sales Make Up Nearly Half of California Pending Home Sales

If you are buying real estate in California, the odds are almost fifty-fifty that you are putting money down on some sort of distressed property, be it real estate owned (REO) property or a short sale home[1]. According to the … Continue reading

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Hotel Buyers Inflate Property Prices as Values Outpace U.S. Lodging Demand

The Mondrian Hotel in Los Angeles. Photographer: Charley Gallay/Getty Images for Victoria’s Secret Record prices being paid by investors for U.S. hotels may be outpacing gains in room rates and stays as the slow economic recovery damps a lodging revival. … Continue reading

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