Tag archives for california real estate

Cold, Hard Numbers: 585,000

585,000: The median home price in San Francisco for Q3 2011. That’s $409,000 more than the national median home price for Q3 2011, and just $100,000 less than Q4 median home prices in 2009. Read full article »

Foreclosed Homeowner Succeeds in Reclaiming Home Through Adverse Possession and Public Demonstration

It appears that with enough dedication and effort, a homeowner may be able to literally embarrass a lender into reversing a foreclosure. Tanya Dennis, the disgruntled borrower who made headlines several months ago by barging into a Wells Fargo shareholder meeting and publicly berating the participants, has succeeded in getting a principal write-down and having her mortgage – and her Read full article »

California Short Sale Rule Signed Into Law

In California, it is official: lenders who agree to short sales must accept the diminished payment as “payment in full for all loan balances.” This means that junior lien –holders cannot sue sellers after the fact for the full balance of the loan. Governor Jerry Brown of California recently signed SB 458, the bill dealing with this issue, into law Read full article »

Data Firms Predict Earliest Housing Recovery to Come in 2013

Although reports earlier this year projected that the housing market might start to make a slow but significant recovery sometime in 2012, the “recent spate of bad economic news that has been making headlines over the past several weeks” has quashed that hope, according to Fiserv/Case-Schiller Indexes. Now, the recovery likely will not occur until “well into the first quarter Read full article »

Citizen-Led Movement in California Proposes to Outlaw Foreclosures

In Sacramento, California, one citizen is taking on the lenders directly, using his “Foreclosure Modification Act” to demand that lenders provide principal and interest rate reductions in order to keep borrowers in their homes. And according to the author of the proposal, David A. Benson, the best way to make this happen is to leave banks with no other option Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.