Los Angeles Real Estate News and Rumors



*Rumor has it Glendale’s Americana condos will begin closing just before Christmas– is it true? Have they met presale requirements?

*FICO Reveals How Common Credit Mishaps Impact Scores

*The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery

*$6,500 Tax Credit for Move Up Buyers

*47% of all Americans who purchased homes this year had not owned one during the previous three years, according to a press release Friday from the National Association of Realtors (NAR). That was up from 41% of sales in 2008 and 36% in 2006

 

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