Los Angeles Real Estate

Delinquencies in June are up sharply from a year ago, when 6% of borrowers were behind on their loans. About 1 in 10 Californians with a home loan is now in default, and there’s growing evidence that the mortgage meltdown is spreading to commercial real estate.

Source:California's default rate soars to 9.5% (Los Angeles Times)

Commercial-loan delinquencies rise (San Diego Union-Tribune)

Jul 31, 2009 at 9:33 am.

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Raising concerns that a new wave of real estate foreclosures is building, an industry survey released yesterday shows that the mortgage delinquency rate among commercial properties in California has more than doubled in the past three months.

Source:Commercial-loan delinquencies rise (San Diego Union-Tribune)

New Web site says Port St. Lucie is good place for real estate investors (St. Lucie News Tribune)

Jul 31, 2009 at 3:33 am.

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Though so far a new Web site has only looked at Florida and California areas, SmartZip.com lists Port St. Lucie on its first top 10 for real estate investors.

Source:New Web site says Port St. Lucie is good place for real estate investors (St. Lucie News Tribune)

Homes Amid the Vines (New York Times)

Jul 31, 2009 at 1:33 am.

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Southwest of Portland, real estate cultivated in tandem with vineyards and wineries are attracting second-home buyers and wine lovers.

Source:Homes Amid the Vines (New York Times)

Real Estate Woes Threaten Oregon State Pension Fund (Builder Magazine)

Jul 30, 2009 at 10:33 pm.

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By Ted Sickinger, The Oregonian, Portland, Ore. Jul. 30–The stock market is showing signs of life, and the housing market’s plunge may even be bottoming out. But when it comes to commercial real estate, things are bad and about to get worse, according to consultants for Oregon’s state pension fund.

Source:Real Estate Woes Threaten Oregon State Pension Fund (Builder Magazine)