Month: August 2017

Confidence in housing is again at an all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), showing the share of home sellers who believe now is a good time to sell reaching a new record in June—a sure sign of a seller’s market. The HPSI overall posted 88.3, up 2.1 percentage points from May. http://rismedia.com/2017/07/09/confidence-housing-again-all-time-high/#close

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rismedia.com
More homebuyers and sellers are optimistic about their prospects in the housing market, with one industry measure making a return to a record high.
More info @ http://rismedia.com/2017/07/09/confidence-housing-again-all-time-high/#close
Confidence in housing is again at an all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), showing the share of home sellers who believe now is a good time to sell reaching a new record in June—a sure sign of a seller’s market. The HPSI overall posted 88.3, up 2.1 percentage points from May.
http://rismedia.com/2017/07/09/confidence-housing-again-all-time-high/#close Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 14, 2017 at 12:39PM

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$1,827 per month: Apartment rents continue 7-year climb
Average asking apartment rents hit record highs throughout Southern California this past spring amid job growth, population increases and declining home ownership rates, data from Reis Inc. shows.
More info @ http://www.dailynews.com/business/20170725/1827-per-month-apartment-rents-continue-7-year-climb?ito=792
Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 11, 2017 at 03:27PM

http://www.latimes.com/business/la-fi-looser-lending-20170804-htmlstory.html

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As prices rise, mortgage lenders are making it easier to buy a house
Changes in the mortgage industry are afoot, with the goal of loosening some of the strict standards established after the subprime crisis — rules some blame for impeding sales.
More info @ http://www.latimes.com/business/la-fi-looser-lending-20170804-htmlstory.html
http://www.latimes.com/business/la-fi-looser-lending-20170804-htmlstory.html Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 05, 2017 at 08:21PM

Auction.com was founded in 2007 by Robert Friedman, at left, and Jeff Frieden to help lenders clear a tsunami of foreclosed homes, has grown from a small Irvine company into an international enterprise. The firm reportedly will be sold to a private equity investor for more than $1 billion. (MINDY SCHAUER, ORANGE COUNTY REGISTER) Ten-X, a national online real estate firm founded in Orange County 10 years ago, said Thursday it’s selling a majority interest in the company to a Boston investment firm. Terms of the deal weren’t disclosed, but industry publication Inman News reported the sale price at $1 billion or more. Thomas H. Lee Partners, a $22-billion private equity firm investing in middle-market growth companies, signed the purchase agreement last weekend, said Rick Sharga, chief marketing officer for Ten-X, parent company to Auction.com, a home-sales website in Irvine. The deal is expected to close in late September. http://www.ocregister.com/2017/08/03/online-real-estate-firm-ten-x-to-sell-for-more-than-1-billion-reports-say/

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Online real estate firm Ten-X to sell for more than $1 billion, reports say
A private equity firm signed an agreement to buy a controlling interest in Ten-X, the parent company of online real estate firm Auction.com of Irvine.
More info @ http://www.ocregister.com/2017/08/03/online-real-estate-firm-ten-x-to-sell-for-more-than-1-billion-reports-say/
Auction.com was founded in 2007 by Robert Friedman, at left, and Jeff Frieden to help lenders clear a tsunami of foreclosed homes, has grown from a small Irvine company into an international enterprise. The firm reportedly will be sold to a private equity investor for more than $1 billion. (MINDY SCHAUER, ORANGE COUNTY REGISTER)

Ten-X, a national online real estate firm founded in Orange County 10 years ago, said Thursday it’s selling a majority interest in the company to a Boston investment firm.

Terms of the deal weren’t disclosed, but industry publication Inman News reported the sale price at $1 billion or more.

Thomas H. Lee Partners, a $22-billion private equity firm investing in middle-market growth companies, signed the purchase agreement last weekend, said Rick Sharga, chief marketing officer for Ten-X, parent company to Auction.com, a home-sales website in Irvine. The deal is expected to close in late September.
http://www.ocregister.com/2017/08/03/online-real-estate-firm-ten-x-to-sell-for-more-than-1-billion-reports-say/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 05, 2017 at 08:18PM