MLS Real Estate & Listings Blog

Single-family housing starts, as measured by building permits issued, plunged 59.8 percent in February compared to the same month last year, the California Building Industry Association trade group reported this week, and total housing starts dropped 27.9 percent.  more…

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Federal officials announced the indictments of 20 people Thursday in two California-based foreclosure rescue and equity-stripping schemes that allegedly netted more than $12 million from more than 100 victims who were left without their homes.

A 33-year-old Los Angeles resident, Charles Head, is accused of orchestrating both schemes, which allegedly used straw buyers to obtain title to the homes of troubled borrowers.  more…

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California home sales decreased 28.5 percent in February compared with the same period a year ago, while the median price of an existing home fell 26.2 percent, the California Association of Realtors reported today.  more…

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California’s foreclosure rate fell in February compared to January but was up from the fourth-quarter 2007 average, research and data company ForeclosureRadar reported Wednesday.

Foreclosure sales at auction in the state fell 15 percent compared to January, with 16,931 sales at a combined loan value of $6.85 billion. Notices of default dropped 7.6 percent to 37,362, and notices of trustee sale (which set the auction date and time) fell 20 percent.  more…

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U.S. foreclosure activity rose 59.8 percent in February compared to the same month last year, data provider RealtyTrac reported today, and Nevada led the nation with a foreclosure rate of one filing for every 165 households — more than three times the national average.  more…

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California members of the Women’s Council of Realtors are participating in a new blog network that combines content at a single Web site from bloggers throughout the state.

The new portal, at WCRblogs.com, is the latest in a series of aggregated blog sites planned by Domus Consulting Group and Realivent, a company that offers tools for collaboration and marketing.  more…

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Loans entered the foreclosure process at a record rate during the fourth quarter, and things are likely to get worse before they get better, the chief economist for the Mortgage Bankers Association said today.

Although reductions in short-term interest rates have lessened the shock of interest-rate resets for many borrowers with adjustable-rate mortgage (ARM) loans, falling home prices are leaving more homeowners with little or no equity in their homes — and less incentive to keep up on their mortgage payments, said MBA Chief Economist Doug Duncan.  more…

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Even as the California Association of Realtors pursues a statewide real estate data-sharing effort that could evolve as a statewide multiple listing service, regional collaborations among multiple listing services are pushing forward with their own plans.  more…

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