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May 16--Banking executives warned California legislators Tuesday that some provisions of a proposed "Homeowners Bill of Rights" may create a wave of frivolous lawsuits and slow the recovery of the state's housing market.
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New home sales rose from a year earlier in Riverside, CA in February after sales decreased last month. Foreclosures as a percentage of existing home sales dropped, falling 8.6 percentage points.
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New home sales fell in Riverside, CA in January. Average prices of new and existing homes dropped 6.7%.
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The complaint challenges optimistic claims about the sustainability of Travertine Point in Riverside County.
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New home sales fell year-over-year in Riverside, CA in December. Real Estate Owned (REO) sales as a percentage of existing home sales dropped, falling 6.0 percentage points.
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New home sales rose from a year earlier in Riverside, CA in November after sales decreased last month. Real Estate Owned (REO) sales as a percentage of existing home sales dropped, falling 12.0 percentage points.
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But HouseHunt’s quarterly survey finds home values are still stagnant or sinking.
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Last year’s rate of filings was down 34% from 2010.
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New home sales fell in Riverside, CA in October. Mortgage amounts on new homes dropped 7.6%.
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New home sales fell in September. Foreclosures as a percentage of existing home sales dropped, falling 8.1 percentage points.