September 16, 2013 |
A measure of the supply of California houses for sale expanded slightly in August from the month before, although inventory levels remain very tight, according to a new report. If sales continued at their August pace, the supply of existing single-family homes last month would last 3.1 months, the California Assn. of Realtors said Monday. That's up from 2.9 months in July but down from 3.2 months last year. The number of listings has been rising steadily in recent months and “has reached the highest level since mid-2012,” said the Realtor group's chief economist Leslie Appleton-Young.
September 14, 2013 |
WASHINGTON - The United States and Russia reached a surprise diplomatic breakthrough Saturday, agreeing to an ambitious deal that would strip Syria of chemical weapons by mid-2014 and shelve the prospect of a U.S. military strike but would require close cooperation from embattled Syrian President Bashar Assad. Secretary of State John F. Kerry, who announced the framework agreement after three days of intense negotiations in Geneva with Russian Foreign Minister Sergei Lavrov, said Assad would have one week to provide a full inventory of his poison gases, munitions and related facilities, and must allow international inspectors into Syria "no later than November.
August 23, 2013 |
WASHINGTON - Do you feel that hint of a chill starting to swirl through the housing market? The cooling is slight, but it's real. Home prices are not rising as fast in most metropolitan areas as they did earlier this year and much of 2012. Multiple-bid competitions - fierce in many places this spring and late last year - aren't as intense in many markets. Inventories of homes for sale have increased this summer, reversing near droughts of listings that helped fuel higher prices. Add in rising mortgage rates, and you've got a distinct, measurable momentum shift in the pace of the nationwide housing recovery.
August 9, 2013 |
Be patient. Hang in there. Keep trying. In one form or another, that's the advice some real estate experts give buyers in dealing with this overheated housing market. Yes, it is a good time to buy in terms of house prices and mortgage rates. If you find a good house at a good price and a loan at a good rate, go for it. But the inventory of available homes for sale is extremely low, for any number of reasons. In many markets, regular buyers are competing with investors who are willing to pay cash to turn properties into rentals.
July 24, 2013 |
The Angels claimed right-handed reliever J.C. Gutierrez on waivers from the Kansas City Royals, giving them another bullpen option. Gutierrez, 30, had a 3.38 earned-run average in 25 appearances in Kansas City. The Royals designated him for assignment last week. Gutierrez underwent Tommy John surgery in 2011. This is his first full season since the surgery. Gutierrez has a 4.58 ERA in 175 career appearances, most of them for the Arizona Diamondbacks from 2009-11. Angels General Manager Jerry Dipoto was a Diamondbacks executive then, including a short stint in 2010 as interim general manager.
July 18, 2013 |
Southern California home prices shot up 28% in June from a year earlier, a record gain surpassing any increase seen during the last decade's real estate bubble. The median sale price for all homes sold in the region reached $385,000 in June, DataQuick reported Wednesday, a 4.6% climb from May. Meanwhile sales declined 2.1% from June 2012, an indication that inventory remains tight and the first year-over-year drop since September. LIVE CHAT: Join us at 11 a.m. The eye-popping year-over-year price gain - just the latest in a series of steep increases across the six-county Southland - has raised questions over how long such increases can continue.