Tag archives for california

Santa Cruz Median Home Value Jumps $100,000

In Santa Cruz, California, median home prices are on the rise in a big way. In fact, the midpoint of what sold jumped a full $100,000 from May to June, rising from $435,000 to $535,000 in just one short month. Real estate agent Linda Burroughs calls the market “the weirdest...I’ve seen in 35 years,” while other agents predict that the Read full article »

SAFE Mortgage Originator Course in California

In California, in order to originate loans, real estate licensees must get a mortgage loan originator (MLO) license endorsement. This means that they must complete 20 hours of initial education, pass an exam and criminal background check and complete annual continuing education in order to maintain their MLO license endorsement. Failure to do so means that they will be unable Read full article »

Real Estate Scam of the Day: Bid Rigging in California Counties

Eight real estate investors in Alameda and Contra Costa counties in California will face felony charges for bid rigging and mail fraud at public real estate foreclosure auctions. The investors had agreed prior to the auctions not to bid against each other to keep the prices on properties low. Later, they planned to have a private auction in which they Read full article »

California Representative Introduces Mortgage Finance Reform Bill

At a recent policy summit, California representative Gary Miller (R-CA) announced that he will be introducing a bill to reform the country’s mortgage finance system. Miller believes that the key to successfully reforming the system will involve phasing out government-controlled GSEs and taking a “moderate approach” to overall reform. Other options, he says, like eliminating the GSEs outright, will “cut Read full article »

REO and Short Sales Make Up Nearly Half of California Pending Home Sales

If you are buying real estate in California, the odds are almost fifty-fifty that you are putting money down on some sort of distressed property, be it real estate owned (REO) property or a short sale home. According to the California Association of Realtors (CAR), around 48 percent of pending home sales in California are REO or short sales, with 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.