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Home Sales Report

Tracking foreclosures in: Highland Park

I thought I'd give Redfin's new foreclosure listings database a spin, so I plugged in the ZIP for Highland Park (90042) to see what would pop up. It's good stuff — it shows six bank-owned properties, and the information on each listing is pretty extensive, especially for a free, no-registration service. Highlights

4210 Via Arbolada #216
Last sale: June 2006, $460K.
Now listed: $329,900

6420 La Riba Way
Last sale: Oct. 2004, $325K
Now listed: $285K

6140 Mesa
Last sale: Sept. 2006, $525K
Now listed: $309K

719 Milo Terrace
Last sale: 1995, $160K
Now listed: $380K

5105 Stratford
Last sale: 2001, $170K
Now listed: $429,900

Trends in buying and selling real estate

The Real Estate Journal

Condo-Hotel Buyers See Investments Sour
Many investors who purchased condo hotel rooms during the real-estate boom are wishing they hadn't. Some frustrated owners are bringing these projects to the attention of regulators.

Five Questions to Ask Before Remodeling
Before you redo your home make sure you know how big a renovation you can afford and how long you will remain in your residence.

Mortgage Relief Programs Aren't Helping Much
Up until now, state efforts to help distressed homeowners refinance have had negligible results. A new federal bill may give them additional tools.

Selling History By the Square Foot
In a backlash against vinyl-clad McMansions developers are creating communities with houses that look like they were built centuries ago, but with modern trappings.

FHA Loans Grow Costly As Banks Add Fees
Lenders that make loans insured by the Federal Housing Administration are adding costs and restrictions that make those mortgages more expensive for consumers and less widely available.

States Move Fast On Mortgage Aid
Local governments are acting more aggressively to help homeowners avoid foreclosure, frustrated by what they view as the federal government's inadequate response to the mortgage crisis.

Fine Tuning the Picture On the Foreclosure Mess
It's not always easy to get an accurate sense of how many foreclosures there actually are and which U.S. locales are the hardest hit. June Fletcher explains why.

Real Estate and Mortgage News

RealNews

Foreclosure freezes announced amid mixed housing news
The housing news this week has been a mixed bag, with good news on interest rates and a decline in new housing starts offset by a drop in new mortgage applications and with Freddie Mac and Fannie Mae following the lead of Citigroup, JP Morgan Chase and Bank of America in announcing a foreclosure freeze. Thursday [...]

Mortgage applications rebound, slowing economy brings rates down
Both the Mortgage Bankers Association and Freddie Mac reported a drop in Fixed Rate Mortgage (FRM) rates in their latest surveys, with Freddie Mac reporting an increase in 1-year Adjustable Rate Mortgage (ARM) rates and the Mortgage Bankers Association reporting a drop. The Mortgage Bankers Association also reported that new mortgage applications rose last [...]

Mortgage rates drop back below last years levels
Freddie Mac reported Thursday that Fixed Rate Mortgage (FRM) and Adjustable Rate Mortgage (ARM) rates all fell this week after spiking last week. FRM rates are now slightly below year ago levels as are 1-year ARM rates, but 5-year Treasury Indexed hybrid ARMS are slightly above the rate from the same week in 2007. [...]

Mortgage applications dropped as rates spiked last week
New applications for home purchase mortgages dropped 13.9% and refinance applications dropped 27.8% last week as 30-year and 15-year Fixed Rate Mortgage (FRM) rates increased according to the Weekly Mortgage Applications Survey from the Mortgage Bankers Association. The 1-year Adjustable Rate Mortgage (ARM) rate fell slightly, but points paid on 1-year ARMs doubled and [...]

Housing market hits the trifecta
This is what we’ve been waiting several months for - real estate markets hit the trifecta the last four days, with existing home sales, new home sales and mortgage applications all increasing. The National Association of Realtors reported Friday that existing home sales rose in September, with sufficient mortgages closing in the middle of [...]

Mortgage rates below year ago levels
Freddie Mac reported lower Fixed Rate Mortgage (FRM) rates this week and a slight increase in Adjustable Rate Mortgage (ARM) rates, while RealtyTrac reported that home foreclosures fell 12% in September. Freddie Mac’s weekly Primary Mortgage Market Survey showed 15-year FRM, 30-year FRM and 1-year ARM rates all at least a quarter percent lower than [...]

Mixed news continues as mortgage applications drop
Wednesday brought more mixed news in the housing market as the Mortgage Bankers Association reported that mortgage applications fell last week despite a drop in rates and the National Association of Home Builders predicted housing demand would pick up early next year. The Weekly Mortgage Applications Survey showed a decline of 10.9% in new [...]

News for Homebuyers and Sellers

Inman News

Fidelity calls off LandAmerica merger
LandAmerica's future in doubt

Money can buy end to 'spiral'
Commentary: Decadence will give way to anger

Breaking the financial crisis
A proposal for 'mortgage payment insurance'

Redefining full-service real estate
Essay: Roadmap to the Future

Replacing kitchen range difficult in older home
Fix likely a matter of updating electrical wiring