The Economy

Bizarre Claim for $1 Trillion

Bizarre Claim for $1 Trillion

An American expatriate in Bulgaria claims the United Nations, the World Economic Forum, the Office of International Treasury Control and the Italian government conspired with a host of others to steal more than $1.1 trillion in financial instruments intended to support humanitarian purposes. The 111-page federal complaint involves a range of entities common to conspiracy [...]

O.C. business owners expect 2012 rebound

O.C. business owners expect 2012 rebound

After years of merely trying to hang on, nine out of 10 Orange County business owners who responded to a Register survey expect their business revenues to grow in 2012, and more than 7 out of 10 expect to be more profitable too. However, they are much more cautious about the economy in general with [...]

Federal Reserve, U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks

Federal Reserve, U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks

This article was published on July 21, 2011 but since the mainstream media wouldn’t touch it, we are posting it here as it may be the biggest story to come out of the financial crisis as of yet… By Bernie Sanders The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how [...]

Southern California

L.A. County luxury home prices make up some lost ground in 2011

L.A. County luxury home prices make up some lost ground in 2011

Last year brought a dose of real estate reality to San Marino, which alone among Los Angeles County’s wealthy areas had managed to avoid the housing bust. The San Gabriel Valley town endured a 7.2% decline in its median home price, erasing gains of the previous two years. Overall, 2011 turned into a battle of [...]

Hollywood Needs More than Window Dressing and Bogus Claims to Boom Again

Hollywood Needs More than Window Dressing and Bogus Claims to Boom Again

WHAT NCs AND PLANNING PROS KNOW – The Update of the Hollywood Community Plan is not only opposed by nearly every neighborhood council and resident group in Hollywood, but also by city planning professionals like myself. Community groups, in fact, understand Los Angeles’s legally adopted city plans and the planning process better than LA’s elected [...]

Video: Jennifer Aniston Buys Bel-Air Mansion For $21 Million

Video: Jennifer Aniston Buys Bel-Air Mansion For $21 Million

Submitted by Celebrity Mound on Feb 2, 2012 Jennifer Aniston is shelling out $21 million for a magnificent California Modern dwelling in the hills of Bel Air. With an original listing price of $24.9 million, it seems that the real estate juggling actress got quite the bargain on the mid-century mod designed by architect A. [...]

Finance

Federal Reserve, U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks

Federal Reserve, U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks

This article was published on July 21, 2011 but since the mainstream media wouldn’t touch it, we are posting it here as it may be the biggest story to come out of the financial crisis as of yet… By Bernie Sanders The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how [...]

Mortgage Rates Sink; 30-Year Reaches 4.12%

Mortgage Rates Sink; 30-Year Reaches 4.12%

By AMY HOAK Mortgage rates hit record lows this week, reflecting continued market and U.S. employment concerns, Freddie Mac’s chief economist said Thursday. Rates on 30-year fixed-rate mortgages averaged 4.12% for the week ending Sept. 8, down from 4.22% last week and 4.35% a year ago. The mortgage’s previous low was set the week ended Aug. [...]

Drop in Conforming Loan Limits Would Raise Cost of Housing Financing, Hamper Housing Recovery, C.A.R. Reports

Drop in Conforming Loan Limits Would Raise Cost of Housing Financing, Hamper Housing Recovery, C.A.R. Reports

More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are reduced beginning October 1, 2011, according to analysis by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). “By reducing the [...]

Central California

Leadership California Selects SLO Real Estate Guru into its 2012 Class

Leadership California Selects SLO Real Estate Guru into its 2012 Class

San Luis Obispo realtor Kim Conti joins 60 women leaders from across the state of California to participate in a prestigious program designed to enhance her competitive knowledge about key public and private sector issues. Kimberly Conti, a top-producing local real estate broker with an extensive global realty background, will join 60 distinguished women leaders [...]

Bay Area Real Estate Sales Slump

Bay Area Real Estate Sales Slump

The Bay Area housing market logged another month of lackluster activity in October as some of the recent signs of incremental market improvement began to fade. High-end sales dropped markedly, likely the result of changes to “conforming loan” limits, a real estate information service reported. A total of 6,444 new and resale houses and condos [...]

Underwater mortgages mount in Richmond area

Underwater mortgages mount in Richmond area

Nearly a quarter of all houses in the Richmond area were underwater or close to it in the second quarter… …meaning borrowers owe more than their houses are worth, according to a report released Tuesday by CoreLogic, a California-based real estate data and analysis company. The report showed 19.5 percent, or 44,307 of all residential properties with mortgages, [...]

Investing

Real Estate Investment Concentrated in 30 Cities

Real Estate Investment Concentrated in 30 Cities

More than half of all real estate investments are concentrated in 30 major cities across the world, according to a new study. Twenty-five percent of property investments are in five metropolitan areas, including New York. The study, conducted by commercial real estate company Jones Lang LaSalle, found that major cities house most real estate investments [...]

Newport Beach Firm Buys $158M Loan Portfolio

Newport Beach Firm Buys $158M Loan Portfolio

By JANE YU Wednesday, September 14, 2011 Newport Beach-based distressed-debt specialist Sabal Financial Group LP has acquired a $158 million portfolio of performing and nonperforming commercial loans of the failed FirsTier Bank of Louisville, Colorado. The portfolio is made up of commercial real estate loans and commercial acquisition, development and construction loans. It includes 116 loans, with [...]

MIG Real Estate Acquires 164,300-Square-Foot Scottsdale Centre

MIG Real Estate Acquires 164,300-Square-Foot Scottsdale Centre

Newport Beach, Calif.-based firm completes acquisition of Class A office building with recent $5.1 million upgrade NEWPORT BEACH, Calif. & SCOTTSDALE, Ariz.–(BUSINESS WIRE)–MIG Real Estate (Merage Investment Group Real Estate), a Newport Beach, Calif.-based real estate investment company formerly known as Stoneridge Capital Partners, acquired Scottsdale Centre, a Class A office property comprised of five, two-story buildings [...]

Northern California

Home sales in Shasta County still up from 2010

Home sales in Shasta County still up from 2010

By David Benda Shasta County’s two-month string of rising home sales ended in May. But the 170 closed escrows last month were higher than a year ago, continuing a trend that has overall sales activity in 2011 up 9 percent from 2010, DataQuick Information Systems reported. Buyers — most of them investors and families in [...]

CB Richard Ellis Group Achieves Carbon Neutrality Goal

CB Richard Ellis Group Achieves Carbon Neutrality Goal

Fortune 500 and S&P 500 real estate company CB Richard Ellis Group, Inc. (CBRE) has achieved carbon neutrality for its 2010 global operations. The goal to become carbon neutral kicked off in 2007 when CB Richard Ellis adopted a company-wide Environmental Stewardship policy, making the real estate company the first global commercial real estate services [...]

Re/Max Gold opens new location in Colusa, CA

Re/Max Gold opens new location in Colusa, CA

Re/Max Gold in Colusa has been basking in the success of its new downtown location since January. But its after-hours mixer with the Colusa County Chamber of Commerce on Wednesday officially launched the real estate business as a place that is “above the crowd.” “We love our new location,” said Deeneen Torres, who co-owns theMarket [...]

Recent Articles

California REALTORS® applaud Obama’s proposal to help troubled homeowners

California REALTORS® applaud Obama’s proposal to help troubled homeowners

The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) applauds President Obama’s proposal to help millions of underwater homeowners who are current on their mortgage to refinance. “We are pleased that President Obama understands that a recovery in the housing market is essential to a recovery in the nation’s economy,” said C.A.R. President LeFrancis Arnold. “Allowing homeowners whose [...]

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California not among states that OK bank settlement

California not among states that OK bank settlement

More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms. Reporting from Los Angeles and Washington— More than 40 states signed onto a proposed $25-billion settlement with major mortgage servicers over faulty foreclosure procedures, [...]

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Realtors are biggest campaign givers to Californians in Congress

Realtors are biggest campaign givers to Californians in Congress

Reporting from Washington—The National Assn. of Realtors is the largest campaign contributor to members of Congress from California in recent years, according to a watchdog study that depicts the nation as a sort of United States of Special Interests. The analysis by MapLight, a nonpartisan research organization focused on the influence of money in politics, [...]

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