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CA Tax break disappears as housing values rise

The recovering housing market has a downside. Tens of thousands of homeowners will see their property taxes go up significantly this year as rising home values restore some or all of their homes’ lost...

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Home Value Appreciation Exceeds Five Percent for Sixth Consecutive Month

Home values continued to climb in April, increasing 0.5 percent from March to a Zillow Home Value Index of $158,300, according to the April Zillow Real Estate Market Reports.  Home values were up 5.2...

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More Than 13 Million Homeowners Underwater in Q1

The national negative equity rate fell in the first quarter, to 25.4 percent of all homeowners with a mortgage, according to the first quarter Zillow Negative Equity Report. But another 18.2 percent of...

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Bay Area real estate market is hot even in hardest-hit areas

With Bay Area home prices at levels not seen in nearly five years, the communities hit hardest by the housing crash are starting to boom again. From Oakley and Antioch to East Oakland, East Palo Alto...

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Flippers Ride Housing Wave

Rising home prices have fueled the return of a practice that some blamed for inflating the bubble: house flipping. In California, the number of homes sold in recent months that had been flipped—or...

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CA & TX: Watch Out! Overvalued Housing Markets in America

Home prices are rebounding so much in some U.S. cities that property values have actually risen beyond what local economic fundamentals justify, market watcher Trulia.com says. “These are [generally]...

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More Than 70 Percent of Metro Markets Showing Signs of Improvement

The number of U.S. housing markets on the mend rose by five to a total of 263 in June, according to the National Association of Home Builders/First American Improving Markets Index (IMI). The list...

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8 Housing Markets That Will Cost You an Arm and a Leg (CA has 7 of the 8)

The housing market may be surging, but so, too, are home prices. In fact, Trulia trends reveal that year-over-year, prices are up 9.5 percent nationally and are higher than one year ago in 98 of the...

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Housing-Inventory Crunch Could Be Easing

Housing inventory has jumped by 25% so far this year, outpacing normal seasonal increases, according to figures released Thursday by Realtor.com. There were some 1.85 million homes listed for sale at...

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California Home Sales Highest Since 2006, Affordability Twice As High

The California housing market heated up a little more in May with resales of houses and condominiums rising by 8.3 percent from resales in April. A total of 42,293 units sold during the month compared...

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CA Housing inventory is showing signs of life as prices soar

Sellers are waking up to the fact that it happens to be their market. The latest data from MLSListings Inc. indicate inventory is improving and home prices are continuing their upward trend in Silicon...

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California Home Price Increases Double National Gains

Home prices continue to make substantial gains in most areas of the country with some areas in California seeing an increase of as much as 3 percent in the Lender Processing Service (LPS) Home Price...

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Vacant ‘zombie’ homes vex neighbors

Has a house near yours become vacant and fallen into disrepair? Maybe it’s a zombie, spawned when a struggling homeowner becomes resigned to losing the house and moves out. But the lender doesn’t...

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California passes bill to forgive debt

The California Senate passed the California Association of Realtors-sponsored tax relief bill without a single “no” vote on June 20. SB 30 (Calderon, D-Montebello) protects homeowners from having to...

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Phoenix housing market sees ‘boomerang buyers’ sooner than expected

Early in the housing crisis, financial experts estimated it might take up to seven years for people who lost a home through a foreclosure or short sale to qualify for a mortgage to buy again. Thousands...

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Housing prices soar across Calif.

California housing prices increased by more than 30 percent in June, with inventory rising slightly in what is considered an encouraging sign for the market, a trade association said Tuesday. Last...

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Longer Term Investors Outnumber Flippers 2 to 1 in California

Investors have played a major role in California real estate since the financial crisis began and are continuing to fuel the housing recovery in that state. The California Association of Realtors®...

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Sellers’ Market For Now, but Home Price Surge Will Not Last

Home prices increased during the first quarter of 2013 by 10.2 percent, the first double-digit quarterly increase since the “bubble” peaked seven years ago. However CoreLogic, which issued its...

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Home Prices Rise by 10.2 Percent in Q1, First Double-Digit Gain in Seven Years

CoreLogic has released an analysis of home price trends during the first quarter of 2013 in more than 380 U.S. markets based on the CoreLogic Case-Shiller Indexes. The indexes are owned and generated...

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America’s Hottest Housing Markets

The nation’s housing market continues to show a promising turnaround. Home prices rose by more than 5% between the second quarter of 2012 and the second quarter of 2013. Homes also are selling faster,...

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