Dave Thurman's Real Estate Blog

For Sale – Open Sundays! $275,000

Raymus Built Home in Linden! Spacious single story 3 bedroom 2 bath on 70×115 lot. Fully landscaped front and back, lots of concrete with RV/boat parking and gazebo with a Catalina Spa. Open living room, formal dining room and kitchen with 10′ high ceilings, brick gas fireplace, built-in book cases on ceramic tile flooring. Master suite was extended with double sinks and walk-in closet. Also includes private office/den, inside laundry and 2-Car garage. Owner is licensed real estate broker. Virtual Tour

Number of Homes for Sale vs. Sold vs. Pending

November 2010 there were 1262 homes for sale in Stockton, California in comparison to November 2011 where there was a decrease to 919 homes for sale. The number of homes sold in November 2010  was 385 and in November 2011 the number of homes sold decreased to 354. In November 2010 there were 362 pending sales which increased to 494 in November 2011.

More graphs and charts from our MLS and  TrendVision Reports

NEW YORK (CNNMoney) — Home prices continued to sink in the third quarter, falling to levels not seen since early 2003.

Home prices dropped 3.9% year-over-year during the three months ended Sept. 30, according to the S&P/Case-Shiller national home price index. On a quarterly basis, prices were slightly higher, squeezing out a 0.1% gain. [Read More]

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• Atlanta experiences largest plunge in home price index
• Here Comes The September Case-Shiller Home Price Index…
• Home prices in Chicago area slide – Chicago Sun-Times
• Home Prices Decline
• FHFA home-price index climbs 0.9% in September

Number of Homes for Sale vs. Sold vs. Pending

October 2010 there were 1259 homes for sale in Stockton, California in comparison to October 2011 where there was a decrease to 988 homes for sale. The number of homes sold in October 2010  was 349 and in October 2011 the number of homes sold increased to 361. In October 2010 there were 404 pending sales which increased to 567 in October 2011.

More graphs and charts from our MLS and  TrendVision Reports

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) recently announced that it has shut down 85 alleged online mortgage modification scams that prey on vulnerable homeowners through Web banners and other Web advertisements.

SIGTARP investigates mortgage modification schemes in which companies charge struggling homeowners a fee in exchange for false promises of lowering the homeowner’s mortgage through TARP’s housing program known as the Home Affordable Modification Program (HAMP). Google, in cooperation with an ongoing criminal SIGTARP investigation of these scams, has suspended advertising relationships with more than 500 Internet advertisers and agents associated with the 85 alleged online mortgage fraud schemes and related deceptive advertising.
Fast Facts
Calif. median home price: October 2011: $278,060 (Source: C.A.R.)
Calif. highest median home price by region/county October  2011: Marin: $781,250 (Source: C.A.R.)
Calif. lowest median home price by region/county October 2011: Lake County: $96,500 (Source: C.A.R.)

Calif. Pending Home Sales Index: October 2011: 122., an increase of 3.1 percent compared with a prior year.

Calif. Traditional Housing Affordability Index: Third quarter 2011: 52 percent (Source: C.A.R.)

Mortgage rates: Week ending 11/17/2011 30-yr. fixed: 4.0% fees/points: 0.7% 15-yr. fixed: 3.31 fees/points: 0.7% 1-yr. adjustable: 2.98% Fees/points: 0.6% (Source: Freddie Mac)

Hey Investors! Check out the latest from ForeclosureRadar…

Little Change in California, as Nevada and Washington Foreclosure Starts Plummet

On Saturday, November 12, 2011 at 2:00 PM, you are invited to an Open House at 511 N Filbert Street in Stockton. If you are looking for a Single-family Home in this area, don’t miss this rare opportunity to visit this magnificent property. For a preview of this Single-family Home, check out my Web site. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

511 N Filbert Street, Stockton CA 95205

Affordable and inside all updated better than brand new! Newer dual pane windows, carpets, ceramic tile, fixtures, paint and much more. Great East Stockton location within walking distance of Fremont Center Shopping District. This is not a bank owned home (REO) or a “Short Sale” Asking…$55,500…Host Dave Thurman

Number of Homes for Sale vs. Sold vs. Pending

September 2010 there were 1326 homes for sale in Stockton, California in comparison to September 2011 where there was a decrease to 1076 homes for sale. The number of homes sold in September 2010  was 384 and in September 2011 the number of homes sold increased to 402. In September 2010 there were 422 pending sales which increased to 479 in September 2011.

More graphs and charts from our MLS and  TrendVision Reports

Realty World – Dave Thurman

On Saturday, October 29, 2011 from 12:00 Noon to 4:00 PM, you are invited to our Open Office at 2652 East Main Street in Stockton. If you are looking for residential, commercial, or investment properties in this area, don’t miss this opportunity to visit and meet with Dave Thurman, REALTOR®. Appointments are not necessary!

• Pick up a free list of homes!
• Foreclosure auction dates & information.
• Get pre-qualified for a home loan.
• Ask questions about foreclosures and short sales.
• Discuss agency and disclosure requirements.
• Become a member & start up your own Shaklee business
• First-time buyers and investors are welcome.

Citigroup paying $285M to settle SEC fraud charges

WASHINGTON (AP) — Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investments just the housing market was starting to collapse.

The Securities and Exchange Commission said Wednesday that the big Wall Street bank bet against the investors in 2007 and made $160 million in fees and profits. Investors lost millions.

The payment includes the fees and profit Citigroup earned, $30 million in interest and a $95 million penalty. The money will be returned to investors in the deal, the SEC said.

Citigroup neither admitted nor denied the SEC’s allegations in the settlement.

“We are pleased to put this matter behind us and are focused on contributing to the economic recovery, serving our clients and growing responsibly,” Citigroup said in a statement.

The penalty is the biggest targeting Wall Street firms that mislead investors ahead of the 2008 financial crisis since Goldman Sachs & Co. paid $550 million to settle similar charges last year. JPMorgan Chase & Co. also settled similar charges in June and paid $153.6 million.

All of the cases have involved so-called collateralized debt obligations. Those are securities backed by pools of other assets.

In a civil lawsuit filed Wednesday, the SEC said Citigroup traders discussed in late 2006 the possibility of buying financial instruments to essentially bet on the failure of the mortgage assets being put together in the deal.

Rating agencies downgraded most of the investments that Citigroup had bundled together just as many homeowners stopped paying their mortgages in late 2007. That pushed the investment into default and cost its buyers — hedge funds and investment managers — several hundred million dollars in losses.

Among the biggest losers were Ambac, a bond insurer, and BNP Paribas, a European bank. Ambac had sold Citigroup protection against losses on the investment, allowing Citigroup to bet against it.

I found this article reading [recordnet.com]