Sherman Oaks Real Estate, San Fernando Valley Real Estate

Today's Real Estate News

2M borrowers avoid foreclosure
8/27/2008 10:50 AM
Hope Now has helped more than 2 million at-risk borrowers stay in their homes during the past 13 months, according to numbers released by the coalition on Wednesday. ......

Unlocking your home equity
8/27/2008 10:01 AM
The housing rescue package that Congress scrambled to pass in July was aimed primarily at stemming foreclosures and shoring up Fannie Mae and Freddie Mac. But it also contains provisions that make reverse mortgages a better deal for older homeowners who want to turn their equity into cash. Housing fix backfires
8/27/2008 9:44 AM
Back in February, Congress passed into law a quick fix for the housing market. Unfortunately, it hasn't done much good. ......

Home prices plummet in a new record
8/26/2008 10:55 AM
National U.S. home prices fell a record 15.4% in the second quarter compared with last year, according to a report out Tuesday. ......

Mortgage volume rises
8/27/2008 6:34 AM
Read full story for latest details. ......

Latest home prices - first quarter
5/19/2008 11:09 AM
Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982. ......

Where home prices are headed next
5/19/2008 11:23 AM
The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions. ......

Mortgage fraud still soaring
8/26/2008 5:03 AM
With the housing market in turmoil and lending standards tougher than ever, you'd think that the kind of unscrupulous activity that helped plunge the industry into crisis would be a thing of the past. ......

New home sales rise, but grim news lurks
8/26/2008 1:11 PM
The housing sector offered another mixed bag of news Tuesday, as new home sales rose slightly in July only after June sales were revised downward, according to a key government report. ......

Five-fold jump in Thornburg profit
8/26/2008 8:59 AM
Read full story for latest details. ......

Today's Real Estate News

Hochfelder Accused of Larceny in Deals
8/28/2008 9:06 AM
New York real-estate investor Adam Hochfelder has been arrested for allegedly "stealing more than $17 million from a panoply of banks and individuals.......

Learning to Embrace the Change Order
8/27/2008 9:21 AM
Nancy Keates discovers that the human desire to re-think decisions inevitably leads to changes in homebuilding plans. Those changes often mean big cost overruns – but sometimes, they can also translate to big savings......

Fannie Names New CFO, Risk Chief
8/28/2008 7:59 AM
Fannie Mae shook up its top ranks, announcing its chief business officer and two others are leaving as it moves to save capital. Shares surged 15%......

Housing Market Still Under Pressure
8/27/2008 8:01 AM
Home prices are improving in some parts of the country but still falling sharply in hard-hit places like Phoenix, as the weak housing market and shaky consumer confidence continue to weigh on the battered U.S. economy......

FHA Raises Premiums for Home Loans
8/27/2008 8:00 AM
The Federal Housing Administration raised the premiums it charges for insuring that mortgages will be repaid to 1.75% of the loan amount......

S&P Cuts Mortgage-Insurer Ratings
8/27/2008 7:51 AM
S&P downgraded its credit ratings on the units of three mortgage insurers, reflecting its expectations for increased claims and concerns about the profitability of insured mortgages originated this year......

Housing Recession Just Builds
8/26/2008 7:44 AM
With each economic release related to the state of the housing market comes the hope that this one, finally, will prove that the residential real-estate market is on the way to recovery......

In a Slow Market, Builders Offer Big Incentives
8/27/2008 9:23 AM
There's no guarantee that the housing market will turn around soon—but some builders are offering discounts that make it worth jumping now. June Fletcher offers tips on how to negotiate for a great deal......

China to Alter Insurers' Rules
8/26/2008 7:25 PM
Chinese regulators will give the nation's insurers greater leeway to invest in real estate, a move that could help these big investors diversify their holdings and could open a new source of capital for the weakened domestic property market......

Mortgage Fraud Jumped 42% in Year
8/25/2008 9:35 PM
Reported incidents of mortgage fraud jumped 42% nationwide, with Florida reporting the highest number of cases, according to industry data......