investment property. Missing any

Buying Investment Property, RichDad.com Get the book that started it all. The #1 New York Times Bestseller Rich Dad Poor Dad is the book that "rocked" the financial world, J.P. Morgan declares. The Wall Street Journal calls "Rich Dad Poor Dad a must-read for Millionaires" and USA TODAY says it's "A starting point for anyone looking to gain control of their financial future." Learn how to have your money work for you and why you don't need to earn a high income to be rich. ARE YOU READY T O G E T O U T O F THE RAT RACE? Rich Dad's Roads to Riches : 6 Steps to Becoming a Successful Real Estate Investor - Cassette/VHS This program, developed in conjunction with Time Life, will teach you about buying investment property. Missing any of this program can, and will create an investing nightmare when buying investment property. The program includes: - 5 Audio Cassettes -104-page Hands-on Workbook - 2 VHS Video Tapes Bonus Gifts - The book: '101 Ways to Massively Increase the Value of your Real Estate without Spending much Money' by Dolf De Roos - The Mortgage Calculator - Rich Dad's Real Estate Evaluator Rich Dad's Roads to Riches : 6 Steps to Becoming a Successful Real Estate Investor - CD/VHS This program, developed in conjunction with Time Life, will teach you about buying investment property. Missing any one of these steps can, and will, create an investing nightmare when buying investment property. The program includes: - 5 CDs -104-page Hands-on Workbook - 2 VHS Video Tapes Bonus Gifts - The book: '101 Ways to Massively Increase the Value of your Real Estate without Spending much Money' by Dolf De Roos - The Mortgage Calculator - Rich Dad's Real Estate Evaluator. Rich Dad's Roads to Riches : 6 Steps to Becoming a Successful Real Estate Investor - CD/DVD This program, developed in conjunction with Time Life, will teach you about buying investment property. Missing any one of these steps can, and will, create an investing nightmare when buying investment property. The program includes: - 5 CDs -104-page Hands-on Workbook - 1 DVD Bonus Gifts - The book: '101 Ways to Massively Increase the Value of your Real Estate without Spending much Money' by Dolf De Roos - The Mortgage Calculator - Rich Dad's Real Estate Evaluator Home | Sign Up | Events | Buy Products | About Rich Dad | Sitemap RealEstate Investment | RealEstate Investors | RealEstate Investing | Real Estate Investing FAQ | Getting Rich in Real Estate | Real Estate Books | How to Invest in Real Estate | Sample Articles of Incorporation | Buying Property | Biography of Robert Kiyosaki | Robert Kiyosaki Products | Success System | Financial Independence | Real Estate Courses | Passive Income Builders | Acquiring Passive Income | Passive Income Business | Types of Passive Income | Rich Dad Poor Dad Reviews | Rich Dad Poor Dad Book | RichDad | Rich Dad Poor Dad | Summary of Rich Dad Poor Dad | Examples of Personal Financial Statement | Personal Financial Statement | Financial Statement Example | Financial Statement Sample | Managing Money Tips | Cash Flow Notes | Winning in the CASHFLOW Business | CASH FLOW Quadrant Game | CASHFLOW Quadrant | CASH FLOW 101 Game | CASHFLOW 202 | CASHFLOW Game | CASHFLOW 101 Game | CASHFLOW for Kids | Financial Definitions | Cash Flow Definition | Achieve Financial Freedom | Financial Freedom Services | Manage Your Financial Freedom | Books on Financial Freedom | Get Out of the Rat Race | Rat Race Board Game | Escape the Rat Race | Give Up the Rat Race 2002-2003 | CASHFLOW is a Registered Trademark of CASHFLOW Technologies, Inc. CASHFLOW THE E-GAME Whatever your dream may be, CASHFLOW THE E-GAME teaches you money managing tips and how to get out of the Rat Race. Learn about money and finance in a fun, interactive environment. First Name Last Name E-mail Address --

home equity lines of

Home Equity Lending Gaps in Texas The Texas Economy March 2003 "Texans need and deserve the right to take out home equity lines of credit.This simple change will pump $741 million back to Texas homeowners." -- Carole Keeton Strayhorn, Texas Comptroller Home Equity Lending Gaps in Texas The number of Texans with home equity loans has more than doubled since 1997 when changes in the Texas constitution made it easier for Texans to borrow against the equity they have in their homes. [1] Yet, Texans are still not taking as many home equity loans as residents in other states. In the traditional home equity lending market—the segment that involves a lump-sum payout of equity to be repaid over a set term—Texans seem to have caught up with the rest of the nation. Indeed, the estimated 6.4 percent of Texas home-owners with traditional home equity loans in 2001 is not only up considerably from 2.5 in 1997 but may well be higher than the average for the other 49 states of 5.7 percent (Figure 1). [2] This most likely reflects the fact that one portion of the home equity loan market—the home equity line of credit market—remains unavailable to Texans. An estimated $12.7 billion in higher-cost, non-tax-deductible loans that currently exist could be supplanted if home equity lines of credit were available and Texans used these financial options at the same rate as other consumers in the country. By taking advantage of a substantially untapped resource, Texas consumers could save $741 million annually using home equity lines of credit instead of other loans. These savings could be pumped into the Texas economy through lower interest rates and additional federal income tax deductions. The gains would be realized in the Texas economy if existing loans were merely paid off by homeowners through home equity lines of credit. This need not expand homeowners’ overall debt burden. Home Equity Lending in Texas For more than 160 years, access to the home equity that owners had built up in their residences was largely untapped. As a direct result of the Panic of 1837, Texas prohibited the forced sale of homesteads for all but a very limited number of reasons. When Texas became a state, these protections became part of the state constitution and effectively barred foreclosing on a person’s residence for reasons other than non-payment of taxes, the original mortgage or a home improvement loan. These same provisions also effectively barred tapping into home equity for purposes other than home improvement. But on November 4, 1997, Texas voters approved a constitutional amendment allowing more leeway in home equity lending and for reverse mortgages. [3] These loans became available to Texans in 1998, but some technical issues limited the availability of home equity loans for homesteads larger than one acre and from reverse mortgages. Subsequent amendments addressed these legal concerns. [4] Changes in the Texas Constitution expanded the conditions under which homeowners could obtain a traditional home equity loan. These closed-end loans extend for a specified length of time and generally require repayment of interest and principal in equal monthly installments. Interest rates on these loans are ordinarily fixed for the life of the loan. Growth in Home Equity Lending in Texas Since changing the Texas constitution to allow wider use of home equity loans, Texans have steadily increased their reliance on these loans. According to American Housing Survey (AHS) data on nine Texas metropolitan areas that cover 68 percent of Texas’ owner-occupied homes, only 2.5 percent of Texas homeowners had any form of home equity loan in 1997, substantially less than the 14.5 percent for all U.S. homeowners outside of Texas that same year. By 1999, the proportion of Texas homeowners with a home equity loan had risen to 4.5 percent. While this represents nearly a doubling of home equity loan usage in just two years, this was still slightly less than the estimated 5 percent rate for home equity loan usage in the nation and substantially less than the 12.9 percent estimated by the AHS that year for both home equity loans and lines of credit. By 2001, the proportion of Texas households with home equity loans had reached 6.4 percent. At this level, the usage in Texas actually exceeded the usage rate of fixed-term closed-end loans in the U.S., indicating that Texans may have reached the saturation point with traditional home equity loans. These loans typically are written for a set amount to be repaid in equal installments over a specified time, just like a traditional mortgage. Based on a survey conducted for the Comptroller of Public Accounts of home equity lenders in Texas, from 1998 to 2000, the amount of the average home equity loan was about $36,750. In 2001 and 2002, the average home equity loan jumped to more than $47,000. [5] Closing the Gap Although Texans’ reliance on home equity loans has grown substantially since the passage of the constitutional amendment, further gains may be unlikely. Other states’ average usage of 14 percent in 2001 included both traditional home equity loans and home equity lines of credit, financial instruments not now available to Texas homeowners. The possibility that the usage rate of traditional home equity loans in Texas exceeded the usage rate of similar loans in the nation probably indicates that without the home equity line of credit option, more homeowners are opting for the fixed term loans—their only other choice. During much of the 1990s, about 8 percent of U.S. homeowners had a home equity line of credit whereas about 5 percent of homeowners had a traditional loan. [6] In 2001, AHS data indicated an estimated 8.4 percent of homeowners had a home equity line of credit (HELOC) and 5.7 percent had traditional home equity loans. This newer form of home equity lending has become the preferred choice by homeowners in other states. A HELOC is a revolving account that permits borrowing from time to time, at the account holder’s discretion, up to a set credit limit. HELOCs also typically have more flexible repayment schedules than traditional home equity loans and have a variable interest rate. Most consumers think home equity lines of credit are more convenient than traditional home equity loans. While about 40 percent of consumers cited the tax advantages of both types of home equity credit as an important consideration, 43 percent of HELOC users cited convenience of use as an advantage, compared with only 1 percent of those using the traditional home equity loans. [7] Many of the major lenders in Texas make HELOC loans to homeowners in other states. Their experiences underscore how attractive this option is to consumers. Figure 2 presents the percentage of the amount of home equity loans and lines of credit written in Georgia, Florida and California by three major Texas lenders. [8] About 88 percent of the consumers in these states choose HELOCs compared with about 12 percent choosing traditional home equity loans. Potential Economic Impact of HELOCs in Texas One approach to examining what expanded home equity lending might mean in Texas is to estimate what consumers would save if they had access to HELOCs. Three issues are crucial when estimating this impact: what savings could be expected from lower interest costs; how much would HELOCs lower federal income tax bills; and how large total borrowing might become. Underlying this assessment is the assumption that if Texans had access to HELOCs the total home equity usage in Texas would approach the U.S. average. This implies that consumer use of both home equity lines of credit and traditional loans would reach about 14 percent, 7.6 percentage points up from the 2001 level, which was 6.4 and consisted of only traditional home equity loans. The true economic value of HELOCs to consumers lies in low interest rates and as a deduction from federal income taxes. For example, recent data from February 2003 show that the average interest rate on credit card debt is 13.8 percent, the rate for new auto loans is 5.8 percent and on home equity lines of credit, 4.4 percent. [9] This implies that on a $1,000 loan, annual credit card interest charges would be $138 whereas these charges would amount to only $44 for the home equity line of credit. On $1,000 in outstanding credit card debt, conversion of this debt to a HELOC would save $94 in interest payments annually. But even this neglects the fact that HELOC interest costs are deductible from federal income taxes, whereas credit card interest charges are not deductible. Although each individual’s exact marginal tax rate paid depends on adjusted gross income, the National Bureau of Economic Research estimates that, on average, in 1999 interest deductions reduced income taxes 24.5 cents per dollar of interest paid. [10] This implies that, on average, the $44 in HELOC interest payments would generate an estimated $10.78 in federal income tax savings so that the total consumer savings per $1,000 in credit card debt replaced by HELOC would be $104.78 annually. Savings from other loans would be less dramatic. Based on current rates, car loans would cost $58 in interest charges per $1,000 borrowed, or only $14 more than HELOC. But tacking on the deductibility of HELOC raises this savings to $24.78 annually per $1,000 borrowed. The loans likely to be displaced by HELOC would be a mixture of credit card loans and other consumer loans such as car loans. According to Federal Reserve loan data, consumer debt nationwide at the end of 2002 was divided into $738.9 billion in revolving loans, of which credit card debt is a large part, and $1,017.9 billion in non-revolving loans. [11] Assuming Texas consumers have a similar debt profile, about 42 percent of Texas consumer debt would be in revolving credit and 58 percent in non-revolving. Based on these shares, the average consumer would save an estimated $58.38 in interest and tax payments per $1,000 owed by switching from other consumer credit sources to HELOC. [12] How much Texans could save depends on the volume of consumer loans displaced. Using 2001 commercial bank data to update national figures indicates that the traditional home equity loan market in the U.S. reached $352.7 billion, up from $267 billion in 1997. Considering Texas’ share of home equity loans and the average per loan value, Texans account for an estimated 8.4 percent of the U.S. market for traditional home equity loans. Based on this percentage and assuming that Texans would use both traditional and HELOC loans at the national rate, Texas consumers would exchange $12.7 billion in existing loans for HELOC. In doing so, Texas homeowners would save $741 million in interest charges and federal income taxes annually. This would be a modest level of savings. The Federal Reserve Board estimates that households spend about 8 percent of their disposable personal income servicing the debt on revolving loans. [13] The $741 million annual savings from increased use of HELOCs would be about 1.7 percent of the annual amount Texans spend on debt service for revolving loans. [14] Home Equity Delinquencies If Texas consumers relied more on home equity lines of credit and followed national trends, loan delinquencies would likely fall. Based on American Bankers Association data (Table 1), Texas averages fewer loan delinquencies for closed-end home equity loans than consumers at the national level. Loan delinquencies did rise in Texas from 1999 to 2001, but dropped off in 2002. Table 1: Texas Home Equity Delinquency Rates Compared to All Other States Home Equity Delinquency Rates and All States First Mortgage Delinquency Rates* Closed-End** Home Equity Loans(1) Home Equity Lines of Credit(1) All States - First Mortgages(2) Texas All States All States Conventional FHA VA 2002 0.99% 1.30% 0.59% 3.06% 11.55% 7.87% 2001 1.17 1.28 0.73 2.96 10.78 7.67 2000 0.88 1.20 0.75 2.50 9.10 6.80 1999 0.77 1.26 0.62 2.60 8.60 6.80 * Delinquency Rates are based on the number of Loans Past Due 30 Days or More as a Percentage of Loans Outstanding. ** "Closed End" includes home equity and second mortgages (but not home improvement). SOURCES (1)Home equity delinquency rates obtained from "Consumer Credit Delinquency Bulletin" published quarterly by American Bankers Association. (2)First mortgage delinquency rates obtained from "U.S. Census Bureau, Statistical Abstract of the United States, 2001" and Mortgage Bankers Association of America "Quarterly Delinquency Surveys." But nationwide, loan delinquencies for lines of credit are slightly more than half the rates seen for closed end home equity loans. Based on this pattern, a shift towards using home equity lines of credit from traditional home equity loans should lower overall home equity delinquency rates. Compared with first mortgages, the delinquency rates for both home equity loans and lines of credit are substantially lower. Summary The use of home equity loans in Texas has risen dramatically following constitutional changes in Texas in 1997. Use of closed-end traditional home equity loans in Texas exceeds nationwide use. The fact that home equity lines of credit are not available in Texas contributes to a higher reliance on traditional home equity loans. But the strong consumer preference expressed for HELOCs in other states and consumer preference for their ease of use may indicate that continued expansion of lower interest, tax deductible home equity financing by consumers in Texas may slow without access to these loans. If Texans were to use home equity financing only up to the national average through HELOCs, lower interest payments and lower federal taxes would save Texas consumers $741 million. Making HELOCs available to Texas consumers would require passing another constitutional amendment and legislation proposing such amendments will likely be introduced during the current legislative session. If the nature of consumer safeguards and other requirements on lending institutions in Texas making HELOC loans were significantly more restrictive than national practices, interest rates on these loans in Texas could be higher than national rates, and the economic impacts less. Data Collection While banking and finance are two of the most heavily regulated industries, this level of scrutiny does not always result in the availability of detailed information. Since 1987, banks and finance companies have reported home equity lines of credit under receivables on quarterly Call Reports and since 1991 have also separately reported their holdings of traditional closed-end home equity loans. Mutual savings banks also report these data on Federal Reserve Board Call Reports. Other segments of the financial industry report this information to varying degrees. Savings and loan associations and federal saving banks report credit line receivables on Call Reports, but they do not separate home equity loans from first mortgages. Since June 1996, finance companies have reported commercial and residential mortgages separately but do not distinguish between loans under lines of credit and traditional loans. Credit union data is available on both types of home equity debt from the Credit Union National Association. At the national level, some data track the degree to which consumers utilize the various home equity loan alternatives. Every two years the Federal Reserve Board surveys consumers’ use of credit. This data, while instructive on overall trends and the use of home equity loans and lines of credit, does not contain information about practices in particular states. Moreover, much of the state-specific data collected from financial institutions is available primarily for the location of the financial institution involved, and not where the loan was made. Where this data are available, coverage by type of financing (home equity loan versus line of credit) is limited. The Texas-specific data in this analysis is derived largely from two sources. First, the U.S. Bureau of the Census surveys about 60,000 Americans every two years about housing conditions. This survey includes questions about the usage of home equity loans, but only the most recent survey, from 2001, elicits responses on traditional home equity loans separately from home equity lines of credit. Because this survey is national, there is only partial coverage of Texas. Specifically, publicly available data from the survey identifies only responses coming from nine metropolitan areas in Texas. Although the sample does contain responses from non-metropolitan areas, these are not identified by state. The Census survey covers about 68.2 percent of the Texas population. The second source of data is internal surveys of lending activity conducted by lending institutions doing business in Texas. These institutions cover more than 10 percent of the Texas market for commercial financial institutions and financial companies. These data are used to identify the potential to expand home equity lending in Texas if lines of credit became available. Endnotes [1] In 1997 and before, availability of home equity loans in Texas was limited to home improvement loans, loans to pay outstanding taxes and loans allowing one spouse to “buy out” another in the case of divorce. Such loans were typically known as a second lien against the property. Homeowners could not secure a loan backed by the equity in their home and use the proceeds of the loan for purposes other than those specified in law. Outside of Texas, using home equity loan proceeds for whatever purpose and even the more flexible home equity line of credit (a revolving line of credit secured by home equity) have been widely available for years. [2] The tentative nature of this statement stems from what seems to be respondent confusion to the American Housing Survey (AHS). In the 2001 AHS, 14 Texas households identified themselves as having a home equity line of credit in 2001. Since these lines of credit currently cannot be offered in Texas, the most likely explanation for this is that these respondents misunderstood the “line of credit” option in the survey as describing the “draw down” feature of a home improvement loan during construction when, in fact, these instances were almost certainly traditional “closed end” loans. Placing these responses in that category indicates that 6.4 percent of the homeowners in the survey in Texas had a closed-end home equity loan as compared to only 5.7 percent in states outside of Texas. [3] House Joint Resolution 31 (HJR 31) passed by the 1997 Legislature that, upon passage, became effective January 1, 1998. [4] On November 2, 1999, Texas voters approved constitutional amendments proposed by the 1999 Legislature to address these problems, Senate Joint Resolutions 12 and 22 (SJR 12 and 22). [5] Data submitted by lenders in early 2003. For number and amount of loans in Texas, the survey included five large Texas lenders. [6] Glenn B. Canner, Thomas A. Durkin and Charles A. Luckett, “Recent Developments in Home Equity Lending,” Federal Reserve Bulletin, April 1998, p. 243. [7] Canner, Durkin and Luckett, pp. 241- 251. [8] From data submitted by lenders. Together these three lenders serve more than 10 percent of the commercial banking market in Texas. [9] These rates and those of HELOCs are from http://www.bankrate.com/ on February 18, 2003. The credit card rate is for a standard card (not gold or platinum) at a fixed annual rate. The auto loan figure refers to a 48-month loan for a new car. The HELOC rate is for a $10,000 or minimum amount. [10] http://www.nber.org/~taxsim/mrates/mrates2.html , February 20, 2003. [11] Federal Reserve Board Statistical Release, G.19, Consumer Credit, February 7, 2003. http://www.federalreserve.gov/releases/g19/current/ . [12] This is a fairly conservative assessment on two points. First it assumes that consumers would replace current borrowing in proportion to the amount borrowed of each type without consideration of the interest rates charged for each type of borrowing. A more rational approach would be to replace all of the most costly borrowing first. Secondly, new car financing rates are among the lowest cost loans available and this probably underestimates the interest costs of non-revolving loans. [13] http://www.federalreserve.gov/releases/housedebt/default.htm , February 19,2003. [14] Disposable personal income in Texas is estimated to be $535.2 billion in 2001. Carole Keeton Strayhorn Texas Comptroller of Public Accounts Window on State Government Contact Us Privacy and Security Policy

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Real Estate Prices

DQNews - DataQuick Real Estate Headlines and Statistics -- December 29, 2005 DQNews Home | DataQuick | Forums | -- Release | Custom Reports Search -- i Updated: December 27, 2005 -- -- -- Real Estate News -- . -- DQNEWS HOME -- RECENT RELEASES Monthly for SoCal Monthly for Bay Area New! -- CA Monthly City Chart ZIP CODE CHARTS Updated Monthly: LA Times Zip Chart SD Union Tribune Chart OC Register Chart SF Chronicle Chart Sacramento Bee Chart Annual Charts: CA 2004 City Chart LA Times 2004 Chart OC Register 2004 Chart SD Tribune 2004 Chart SF Chronicle 2004 Chart Sac Bee 2004 Chart Updated Weekly: SJ Mercury News Chart California SoCal Area Bay Area -- REGIONAL CHARTS Phoenix 3Q05 Honolulu 3Q05 Las Vegas 3Q05 Portland 3Q05 Seattle 3Q05 Nashville 3Q05 Miami/Palm Bch 3Q05 Jacksonville, FL 3Q05 Denver 3Q05 Chicago 3Q05 CURRENT HEADLINES Home Sale Trends Mortgage Trends -- Foreclosures Million Dollar Homes Building Activity Other Feature Articles NATIONAL NEWS -- WEB SITE EXTRAS ARCHIVED ARTICLES -- Customized News Services -- -- Custom Reports Archived Zip Code Charts Archived Articles -- Enter your email address to receive DQNews Headlines by email: -- Who We Are -- -- -- Find Out More About DQNews -- -- California November Home Sales Report A total of 51,250 new and resale houses and condos were sold statewide last month. That's down 4.6 percent from 53,700 for October and down 3.8 percent from 53,250 for November 2004. A decline from October to November is normal for the season. full story Slower Bay Area home sales, steady price increase -- Bay Area home sales continued to slow on a year-over-year basis while prices continued to climb. . . full story -- -- Southland home sales strong, prices hit new peak -- Southern California home sales remained at near-record levels last month as prices continued their climb to new heights, the result of continued demand and the expectation that mortgage interest rates will continue to increase... full story California Foreclosures Edge Up Foreclosure activity in California showed a year-over-year increase during the last quarter for the first time in more than three years, the result of lower appreciation rates and riskier loans. . . full story Million-Dollar Home Sales Rise in Golden State -- More million-dollar homes were sold in California last year than in the two previous years combined . . . full story California's home buyers increasingly choose ARMs A rising portion of California's home buyers are financing with adjustable-rate mortgages as rising prices and rate increases earlier this year make it harder to buy. . . full story -- California Home Buyer Surnames for 2002 TOP TEN Most Common Last Names of California Home Buyers Name Rank Median Price Garcia 1 $197,000 Smith 2 $250,000 Nguyen 3 $300,000 Lopez 4 $195,000 Lee 5 $325,000 Hernandez 6 $189,000 Rodriguez 7 $189,000 Martinez 8 $197,000 Gonzalez 9 $192,000 Johnson 10 $242,000 **2002** Metropolitan Area Home Sale Charts Look up the median home price in your zip code Record sales to Hispanic home buyers Hispanic home buyers accounted for a record portion of California's home purchase activity during the third quarter, the result of socio-demographic gains and available mortgage financing. . . full story Homebuyers CA YTD2001 Rank Last Names 1 Garcia 2 Smith 3 Lee 4 Martinez 5 Hernandez -- DQNews Quick Data: $280 billion was added to the value of California's housing stock in annual appreciation last year. The median homeowner is 'making' $2,384 monthly just by owning a home. -- CALIFORNIA'S TOP HOMEBUYER LAST NAMES 2000 Rank Last Name Median price paid 2000 1990 Rank 1 Garcia $145,500 (4) 2 Smith $189,000 (2) 3 Lee $262,000 (1) 4 Johnson $182,000 (3) 5 Lopez $144,500 (7) 6 Martinez $146,000 (8) 7 Hernandez $141,750 (14) 8 Rodriguez $145,000 (6) 9 Nguyen $246,000 (13) 10 Gonzalez $140,750 (10) 11 Williams $175,000 (12) 12 Brown $183,000 (9) 13 Sanchez $145,000 (18) 14 Miller $205,750 (11) 15 Jones $179,750 (15) 16 Ramirez $138,000 (22) 17 Kim $265,000 (5) 18 Perez $148,500 (20) 19 Davis $178,000 (19) 20 Anderson $197,500 (17) 21 Martin $176,000 (23) 22 Flores $146,000 (30) 23 Gomez $147,000 (31) 24 Wilson $190,500 (25) 25 Tran $252,000 (43) CC Coming Up: Coming Up: Equity lending in Florida Washington state's $million home market Crunch for entry-level buyers - or not? Fannie, Freddie and the conforming limit (yawn...) Most boring neighborhoods: the list Texas home buyer names -- Foreclosure Sales: The number of home foreclosure sales in California was a low 709 in the third quarter of 2005. Last year there were 1,007 home foreclosure sales in the same time period. Top Lender Update: Wells Fargo Bank was California`s most active home mortgage lender in the third quarter of 2005, followed by Washington Mutual and Countrywide Home Loans - (ranked by residential loan $). Least Expensive Communities: In the 3rd quarter of 2005, the three CA cities with the lowest median price (and over 50 sales) were: Taft at $120,000, Twentynine Palms at $140,000 and Barstow at $142,000. Most Expensive Communities: In the 3rd quarter of 2005, the three CA cities with the highest median price (and over 50 sales) were: Rancho Santa Fe at $2,372,500, Newport Coast at $1,914,750, and Belevedere Tiburon at $1,765,000. Million Dollar Home Sales: 30 communities in CA had a median home price of over $1 million in the 3rd quarter of 2005 (with 50+ sales). There were eighteen cities in that category in 3Q04. Refi Trend: California residential refinancing activity in the third quarter of 2005 was up 9.8% from the third quarter of 2004 and up 8.0% from the second quarter of 2005. " -- . DATAQUICK IN THE NEWS -- Sacramento Bee Homes sales fall 21 percent Orange County Register O.C. housing prices back near peak The median sales price was $616,000 last month, $1,000 shy of August's record, and more gains will come next month, according to market tracker DataQuick. Los Angeles Times Southland Housing Sustains Solid Gains San Francisco Chronicle Bay Area boom easing Home sales slow a bit but price growth is still strong San Jose Mercury News Home price spiral eases MEDIAN PRICE IN SANTA CLARA COUNTY JUMPS ONLY $750 FROM MONTH AGO AS SALES DROP 5.8% San Diego Union Tribune Home sales have seen better days Prices up, but seasonal activity down for 17th straight month San Francisco Chronicle Foreclosures in Bay Area down 13% to a 14-year low Rapid increase in prices has helped reduce rate of default Los Angeles Times Loan Default Notices Rise for First Time in 3 Years New York Times Do Try This at Home: Assess Your Area's Real Estate Bubble Forbes Real Estate Strong Despite Higher Interest Money Magazine Cuckoo for Condos! USA Today Got $75M? Here's the house for you USA Today 'New urbanism' embraces Latinos Can't Find Sunday's Newspaper? Find your zip code here! LA Times 2001 Chart LA Times Zip Chart SD Tribune Chart OC Register Chart SF Chronicle 2001 Chart SF Chronicle Chart Sac Bee 2001 Chart Sacramento Bee Chart Updated Weekly: SJ Mercury News Chart -- DQNews Forums -- enter here -- -- View the DQNews News editorial policy. -- Contact us at info@DQNews.com | DQNews Home | DataQuick Homepage

Las Vegas Real Estate

Las Vegas Real Estate Agents - Commerical Property & New Homes for Sale Las Vegas Nevada Guide to Real Estate Listings and Real Estate Agents Las Vegas, Nevada is one of the fastest growing cities in the world. As a result, the real estate and home market is nothing short of extraordinary. The great expanse of undeveloped land in the surrounding communities make for afforable housing as there is no shortage of space for new development. Las-Vegas.cc presents our recommended list of real estate agents, brokers and property management companies will take the guess work our of your search for a new house or commercial property. Flamingo Las Vegas Great Rates from $75/NT The Ultimate Vegas Getaway $89 per night! Luxury at The Mirage Winter Destination from $89! Fine Dining & Entertainment at Caesars Palace New York New York Web Specials from $89/night! » Realty Executives, Direct! 1903 S. Jones Blvd. Suite #100, Las Vegas, NV 89146 » Prudential Americana Group, REALTORS 871 Coronado #100, Henderson, NV 89052 » Elite Realty 2880 E. Flamingo Rd. Suite# A, Las Vegas, NV 89121 » Acres Real Estate 3960 Howard Hughes Pkwy 5th Floor, Summerlin, NV 89109 » Liberty Realty - Nevada's Largest Real Estate Brokerage 2451 So. Buffalo Drive, Suite 145, Las Vegas, NV 89117 » Coldwell Banker Premier Realty 10120 S. Eastern Ave. Suite 300, Henderson, NV 89052 Las Vegas Las Vegas Weather 28 F » Las Vegas Home » Casino Hotels » Hotels » Shows » Weddings » Vacation Packages » Golf » Guides » Travel » Car Rentals » Gambling » Tours » Attractions » Restaurants » Spas & Salons » Shopping » Real Estate » Conventions » Weather » Maps » Business Directory » Sitemap Home | Contact | Sitemap © 2004 Las-Vegas.cc, LLC. - All Rights Reserved. Terms of use and Privacy Policy © 2005 Las-Vegas.cc, LLC. Las Vegas Hotel Deals