Eastlake Times Real Estate News

Full Article Investors looking for yield are acquiring more low-priced homes to fill growing rental demand, according to the latest HousingPulse Tracking Survey from Campbell/Inside Mortgage Finance. The survey shows that investors now dominate discount housing markets, and that first-time homebuyers are fading in favor of short-term living arrangements. In fact, 61.6% of properties purchased [...]

http://www.inman.com/news/2011/09/21/california-real-estate-market-struggling-gain-momentum California home sales are expected to remain essentially flat this year and rise slightly in 2012, according to a housing market forecast from the California Association of Realtors. The trade group predicted California home sales this year will stay roughly flat compared to 2010, at 491,100 units — a relative improvement given the 10 [...]

Just Sold – $475,000 APPROVED SHORT SALE.  Beautifully upgraded home in Eastlake Vistas. Kitchen has island w/granite countertops, stainless steel appliances & large pantry. Flooring throughout home is hardwood, designer carpet & upgraded tile. Backyard features large bbq, firepit & dog run. 1st floor features formal living room w/doors leading to courtyard, bedroom & bathroom. [...]

5 Bedroom, 4 Bath with tons of upgrades in this Winding Walk home. Travertine floors, granite counters, laundry room upstairs with sink, office with built-in desk, plantation shutters and dual pane windows. Large back yard with western exposure and no houses behind is great for entertaining and features pool/spa, built-in gas fire pit, elevated covered [...]

What is a C.L.U.E. report? A.  The Comprehensive Loss Underwriting Exchange (CLUE) is a national insurance industry database of personal property claims. Insurance companies use it to underwrite or rate new policies. Whether you are selling or buying a home, you should talk to your REALTOR® about obtaining the report, which reflects the insurance claims [...]

Custom home in Eastlake Greens is located in a private gated community, located near East Lake High School. Easy access to 125 Freeway and 805 Freeway. Downstairs bedroom with full bathroom. 4 Bedroom. 4 Bath. $490,000 on August 17, 2011.    

Open House, Sunday August 27, 2011 $639,000 Desirable 1-story floorplan in premium neighborhood; like a model; tastefully finished w/unlimited upgrades & designer touches. Travertine, wooden & upgraded carpet flooring; upgraded cabinets, hardware, countertops; prewired for surround-sound, security & intercom. Jacuzzi tub; shower w/2 shower heads in Master BA. Hobby room added by builder(n/i in sq.ft) [...]

What are Debt-to-Income Ratios? A debt-to-income ratio answers the question “How much of your income goes to paying your debts?” The ratio basically compares your income to your monthly financial responsibilities, such as credit card, student loan, alimony payments, etc. It may or may not factor in rent or mortgage depending on the lender. Lenders [...]