Real Estate News

Source: Los Angeles Times Real Estate News
Wells Fargo & Co. acknowledged Tuesday that it failed to offer mortgage modifications to hundreds more borrowers who were due them and that many ultimately lost their homes because of the error. The San Francisco bank reported in August that it miscalculated certain fees when determining whether... [...]
Tue, Nov 06, 2018 10:05:00 PM, Continue reading at the source
Source: Houston Chronicle Real Estate News
UT Dallas is establishing the Herbert D. Weitzman Institute for Real Estate, which will provide scholarships for undergrad finance and business students pursuing a concentration in real estate. [...]
Tue, Nov 06, 2018 2:32:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
In the United States more than almost anywhere else, wealth and income are concentrated among business owners and landlords. That club, blessed by capitalism, is becoming increasingly difficult to join. Business owners and landlords tend to be about four times as wealthy as the average American.... [...]
Tue, Nov 06, 2018 1:15:00 AM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The Southern California housing market has been on a nearly seven-year tear, with prices in many communities reaching all-time highs. But now, as mortgage rates rise, the boom appears to be fading. Sales are dropping; inventory is swelling; more sellers are scaling back their ambitious asking prices.... [...]
Sun, Nov 04, 2018 2:10:00 PM, Continue reading at the source