5 Articles match "2006","Homes","Long Beach"

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• When Foreclosure Is Not Politically Correct
  
  But the topic of foreclosure recently became much more personal for one Long Beach, Calif ., Laura Richardson has lost, via foreclosure, the 1,600 square-foot, two-story Sacramento home with three bedrooms and 1.5 bathrooms on a 4,800 square-foot lot she purchased after being elected to the state assembly back in 2006. Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures. politician. Multiple media outlets are reporting that U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
  
  LONG BEACH, Calif. — At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Clash of Cultures at CAR Expo
  
  LONG BEACH, Calif. — The opening session of what is billed as “Tech Tuesday” at the California Realtor Expo 2006 provided a somewhat unvarnished glimpse into how some Realtors are responding to real estate websites that are lifting the veil on home valuations and other previously hard-to-find real estate data. Dalton had just finished comparing online home valuations to parlor games and sarcastically suggested that maybe someone should look into the astrological consequences of house value. “I In short, some Realtors take offense at such sites, which they see as giving consumers a false belief that much of the research involved in a real estate transaction can be done without the help of a Realtor. “I
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• California Tops PMI's Risk Index
  
  Seven out of the 10 riskiest housing markets in the nation for home price deflation over the next two years are located in California, according to the Winter 2007 PMI U.S. percent chance of lower home prices nationwide over the next two years. Of the top 50 metros, 19 face a more than 50 percent chance of declining home prices through the end of 2008. Market Risk Index just released by the PMI Mortgage Insurance Co. Studying the 50 largest Metropolitan Statistical Areas (MSAs) in the nation, scores increased for 34 out of the nation’s top 50 over a year earlier, with
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Won't Break the Market Next Year
  
  Delivering the results of his research as part of an economists’ panel on the last day of California Realtor Expo 2006 in Long Beach last week, Christopher Cagan, Ph.D., Still, the bottom line is no matter how you divide up the data, you can expect foreclosure levels to increase over the next few years as the various forms of adjustable mortgages utilized to fund purchases of more home than most people could afford ratchet up their interest rates. The ups and downs of every economic cycle have always been directly impacted by the health of the real estate sector.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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