February 23, 2014 |
WASHINGTON - If you're planning to shop for a home in the next few weeks, here's an early spring buying season come-on that just might save you some money if you qualify. Fannie Mae, the largest mortgage investor in the country, has a bulging portfolio of houses acquired through foreclosures nationwide. About 31,000 of these properties are listed on its HomePath (www.homepath.com) resale marketing site. To move them quickly out of inventory, Fannie temporarily is offering qualified owner-occupant purchasers - but not investors - cash incentives toward closing costs of 3.5% of the purchase price.
February 12, 2014 |
Southern California home buyers continue to turn their backs on an expensive market with few houses for sale. Home prices fell 3.8% in January compared with December, though the median price remained up sharply compared with January of last year, research firm DataQuick reported Wednesday. The price decline, coupled with falling sales, revealed a market that has lost momentum after an explosive price run-up in the first half of 2013. "Buyers are not overpaying," said Broker Derek Oie, owner of Century 21 the Oie Group in the Inland Empire.
January 16, 2014 |
California home sales plunged to a six-year low in December, while home prices rose, indicating a meager supply of homes on the market. Buyers across the Golden State purchased an estimated 34,949 new and resale houses and condos last month, 12.1% fewer than a year earlier and the lowest level for a December since 2007, research firm DataQuick said Wednesday. Prices, meanwhile, rose 1.4% from November to $365,000 last month. The state's median - the point at which half the homes sold for more and half for less - was 22.1% higher than in December 2012.
January 15, 2014 |
San Francisco Bay Area home sales tumbled to a six-year low in December, indicating a meager supply of houses on the market, according to a new report. Buyers in the nine-county region purchased 6,714 new and resale houses and condos last month, the lowest December level since 2007 and 12.7% below December 2012, research firm DataQuick said Wednesday. Sales fell in all counties, except San Mateo, where sales rose 18% from a year earlier. QUIZ: How much do you know about mortgages?
December 12, 2013 |
With holiday spending on clothes and toys off to a chilly start, worried retailers are plying shoppers with an early gift: Black Friday-style bargains extended into the first weeks of December. Merchants get nervous each year during the dreaded early-December shopping lull, when consumers rest their wallets before swarming back into malls at the last minute - if they return at all. But this time, shoppers are splurge-shy, there's a dearth of hot new fashion trends and the key Thanksgiving weekend failed to deliver hoped-for sales.
December 4, 2013 |
There will be plenty of cars and beer being hawked in the Super Bowl but fewer Hollywood movies. Fox, which has the rights to this season's NFL championship, said it has sold all the commercial inventory for the game. Although Fox won't say how much it got for 30-second spots, Madison Avenue sources said the average price was around $4 million and some went for as much as $4.5 million. The Super Bowl is the most-watched television event in the United States. Last February's game between the Baltimore Ravens and the San Francisco 49ers on CBS averaged more than 108 million viewers, according to Nielsen.