Monday, October 31, 2005

Mortgage Defaults on the Rise in California

Mortgage defaults in California rose for the first time in more than three years during the third quarter, as slower price gains and riskier loans gave struggling homeowners less margin for error, data released Thursday showed. A separate report released Thursday showed other signs of a cooling housing market, as inventories of unsold new homes nationwide rose to a record. During the July-September ...


Real Estate: Urban villages welcome

Across the street from Freedom Elementary School are the beginnings of Clovis' innovative southeast urban village.


Sunday, October 30, 2005

Metro: Fair offers tools to owning a home

First-time home buyer Judy Lopez of Fresno can describe exactly what she and husband Omar are looking for in a home.


Monday, October 24, 2005

Metro: San Joaquin flood plain to expand

Proposed Federal Emergency Management Agency guidelines about how far floodwaters might reach could hinder building and farming and spike flood insurance rates along the San Joaquin River.


More Homeowners With Good Credit Stuck With Higher-Rate Loans

Low interest rates and aggressive marketing campaigns have driven home lending to record levels. But increasingly Americans with good credit are being saddled with loans designed for high-risk borrowers. These higher-cost loans have been the fastest-growing segment of the mortgage market — accounting for 20% of the home loans issued last year, up from 10% a decade ago. Freddie Mac, the government ...


Metro: Clovis gears up for new schools

Clovis Unified School District's new education complex is under way at International and Willow avenues, the booming district's latest push into vineyards and orchards as it tries to keep pace with growth in northeast Fresno and Clovis.


Saturday, October 22, 2005

Real Estate Agents May Face Big Shakeout

The easy money may be disappearing. In recent years, Sacramento's high-priced housing market has lured thousands to train as real estate agents, many hoping to cash in on the real estate boom. But now that homes are taking longer to sell and the market appears to be cooling off, many real estate professionals are predicting a shakeout that will force new agents to leave the business and veteran sellers ...


Tuesday, October 18, 2005

Sunday, October 16, 2005

No time for greed

Economist and Sarasota resident John Tucillo puts it bluntly. "Sellers are always the last to know" when the market has turned, says the former chief economist of the National Association of Realtors.


Metro: Justice has new home in Fresno

The heart of California has a stunning new federal courthouse worthy of the region's growing national stature.


Thursday, October 13, 2005

Fearing peak is near, more homeowners selling

With some homeowners fearing prices are peaking, the number of local homes for sale jumped 23 percent in September compared to the previous month, according to Multiple Listing Service statistics.


Wednesday, October 12, 2005

Home Prices Place Harsh Demands On Would-Be Buyers

Record-breaking home values have jeopardized the American dream for more and more Southern Californians who aspire to the security and stability of homeownership but find the prices and sacrifices too much to bear. The hot real estate market has generated unimaginable wealth for homeowners but has left others priced out of the market, feeling they'll never get their piece of the dream. Five years ...


Monday, October 10, 2005

Valley becomes more costly for home buyers

The latest consumer alert reveals it's getting tougher to find affordable housing in the valley.


Sunday, October 09, 2005

Metro: Dispute clouds casino proposal

A dispute between two local Indian tribes each claiming to have historical ties to a piece of land in the Fresno County foothills could jeopardize plans for a new $250 million casino and hotel.


Tuesday, October 04, 2005

New city fees to increase housing costs

Fresno is imposing a new fee on developers. That means if you're looking to buy a new home, you could be charged an extra $3,200.


Fresno in talks with development company

The city of Fresno met with Forest City Development Friday. Officials hope to bring some big name stores to Downtown Fresno.


Read Those Homeowner and Flood Insurance Policies Before It Is Too Late

Actual cash value versus replacement costs; deductibles, and valued policies are only a few of the things you need to know as an informed consumer of homeowner and flood insurance.

People who do not fully understand their homeowner's or flood insurance policies would be wise to invest in a good life insurance policy as well. If a disaster strikes, the truth could kill you.

Even if you have both a homeowners' policy and a flood policy on your home, you may be less protected than you think. There are restrictions that can affect the amount you collect from either following a disaster.


The first loophole is the deductibleRead More Now


Sunday, October 02, 2005

Metro: Fresno panel backs land-use changes

Fresno planning commissioners are recommending changes in land-use plans and zoning for three new subdivisions proposed in rapidly developing southeast Fresno.


Saturday, October 01, 2005

Note to amateur "flippers": Know IRS rules

Dow Jones Newswires Amateur "flippers" in the real-estate market have more to worry about than a bubble burst.