October 25th, 2009 by roostblog in Local Market Insight
From the Santa Monica Mountains to the Pacific Ocean, from Topanga Canyon to the borders of Ventura County, home sales and values in the City of Malibu are treading water.
Lower sales prices and a dramatic reduction in the number of sales have been noted, along with home values that continue to diminish. Median home sales prices have dropped over 30 percent this year. Even with the drop in the list price of homes on the market, buyers are [...]
October 25th, 2009 by roostblog in Foreclosure, Local Market Insight
In the battle against foreclosure and loan modification fraud, Attorney General (AG) Jerry Brown ordered over 380 mortgage foreclosure consultants to register with the AG’s office and post a $100,000 bond each. Letters were sent to each to post the required bond and register within 10 days, or provide justification as to why they should be exempt.
If the companies don’t register, post bond, or show good reason not to, criminal penalties could be imposed for up to one year in [...]
October 25th, 2009 by roostblog in Local Market Insight
Secession. A word we’ve all heard tossed around at times, but not exactly an action we’ve seen taken in recent years in America.
Secession is the topic of interest for government entities in regards to Imperial Estates and Island Village, two Long Beach communities. Proposed by the Orange County Local Agency Formation (OCLAF), the OC Register reported that the reason for the secession was due to the shifting of the Coyote Creek Flood Channel, which changed the county border. [...]
October 23rd, 2009 by roostblog in Local Market Insight
A close eye is being kept on the Fortune 500 company Kaufman & Broad, better known as KB Homes, by some very unhappy homeowners in Hesperia. They are anticipating an investigation of KB Homes by the California Attorney General’s (AG) Office in regards to the company’s previous joint venture with Countrywide.
Herein lies the rub for the homeowners – flaws in construction that were never repaired and unscrupulous marketing initiatives by the former joint venture of KB Homes with Countrywide. [...]
October 23rd, 2009 by roostblog in Local Market Insight
Kidney dialysis diva DaVita is spying out two locations in Denver’s Lower Historic Downtown (LoDo) district, but also considering a custom build. Relocating the company’s corporate headquarters, DaVita is moving to Denver from El Segundo, California.
Local real estate professionals noted that DaVita is considering a location on 16th Street and the Gates Corporation building on Wewatta Street. A plot on 16th Street and two parcels near Union Station are sites DaVita is considering for new construction.
According to the [...]
October 23rd, 2009 by roostblog in Homes for Sale, Local Market Insight
Chandler’s own Factory Expo Home Center (FEHC) proudly announced their 2009 success of a new manufactured homes model series. Introduced in October of 2008 by another Chandler business, Champion Homes, the Escape Series Cottage Homes are all available for under $100,000.
The intent was to create a concept for landowners desiring an aesthetic off the beaten path from traditional mobile homes. The Escape Series presents a more modern look that fits naturally into lake areas, mountains or rural environments, presenting a [...]
October 20th, 2009 by roostblog in Local Market Insight
With a name like “Tuba City,” I was thinking the city might have an interesting background and maybe even some interesting real estate. So, I took a gander at it on the Internet, searched out some photos and locked in on some of the local real estate.
What I found is that, unlike the name, the city is not full of tubas. On the contrary, the city’s name has nothing to do with tubas at all. In Navajo, [...]
October 16th, 2009 by roostblog in Local Market Insight, Real Estate
Roofs on Sun City West Homes are showing wear and getting repaired.
Tiles on many of the homes are beginning to loosen and slide down possibly enabling water to seep in and sun to degrade the underlining. Preventive measures are being applied to repair and prevent further, more extensive and expensive damage.
Approved by the Sun City West Property Owners and Residents Association, contractors are mending the tiles and repairing the roofs. When resetting the tiles, a special tile adhesive [...]
October 9th, 2009 by roostblog in Local Market Insight
In June, based on statistics from the Minnesota Department of Employment and Economic Development, joblessness reached 8.1 percent in St. Cloud, Minnesota.
John Eggers wants to hear from the unemployed.
He wants to know what you’re thinking and how you’re feeling. Egger is offering himself as a resource for those in St. Cloud who want to vent and tell their stories.
Counseling and psychological services director at St. Cloud State University (SCSU), Eggers is part of a group of university leaders who [...]
October 9th, 2009 by roostblog in Local Market Insight
Plagued by deterioration and stalled redevelopment plans, it looks like the Frederick Towne Mall is being poised for a revival. Can I hear an “Amen?”
Excitement is brewing as new life is being breathed into the dilapidated mall by a New York company that specializes in shopping mall renovation nationwide. DLC Management Corporation, a company with a history of redevelopment success, will be reviving redevelopment plans for the mall.
Original 2006 redevelopment plans were to leave three major anchors in [...]
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