Los Angeles Real Estate Blog: Real Estate News

Phyllis' LA Real Estate Blog

Real Estate News

*Counter tops, granite, engineered stone, glass and more

*Visit Ha rb’s Real Estate Digest for pertinent real estate information

*Roughly 10.4 million mortgages, or one in five outstanding home loans in the U.S., will likely default if Congress refuses to implement new policy changes to prevent and sell more foreclosures. Read the rest here:

*In the housing market inhabited by most Americans, prices have fallen 30 percent or more since the peak in 2007. That's a steeper decline than during the Depression.

*….typical foreclosure costs local governments almost $20,000 in increased safety inspections, trash removal, and police and fire calls.

*Visit my Oc t ober Homeowner’s Newsletter

*More short sales bring new scam: flopping: In 'flopping,' a home is purchased by insiders at a steep discount, then immediately sold for a big profit.

*Not necessarily real estate news, but for those of you looking to make repairs and improvements to your home, have you checked out my local service providers list? Fi nd it here

*Jumbo loans, will the world end if they go away? Well surprisingly (to me) the loan amounts were reduced. Read the article here