Glendora Overnight Parking Exemption for the Holidays

Glendora Overnight Parking Exemption for the Holidays

The Glendora Police Department will not be enforcing overnight parking on Monday, December 19^th thru Monday, January 2^nd for the Christmas and New Year’s Holidays. Enforcement will resume on Tuesday, January 3^rd at 2:00 a.m.

Sales of new single-family U.S. homes rose 1.3% in October

By Jeffry Bartash

WASHINGTON (MarketWatch) - Sales of new single-family U.S. homes rose 1.3% in October to an annual rate of 307,000, the government reported Monday. Sales in September were revised down to 303,000 from an original reading of 313,000, according to data from the Census Bureau and Housing Department. Economists surveyed by MarketWatch had expected new home sales to climb to an annual rate of 320,000 on a seasonally adjusted basis. The median sales price fell $1,000 to $212,300. The supply of new homes on the market dropped slightly to 6.3 months. Sales of new homes are 8.9% higher compared to one year ago, but the housing market remains mired in its worst slump in modern times.

Foreclosure starts rise, delinquencies drop: MBA

Mortgage Bankers Association (MBA) posted their third quarter report on mortgages entering foreclosure and the delinquency rate.  The foreclosure process rose in the third quarter of this year while the seasonally adjusted delinquency rate dropped to its lowest level since 2008.
See the article below. Have a great day! Call me for any of your real estate needs.

Maureen Haney

By Amy Hoak

CHICAGO (MarketWatch) -- The percentage of mortgages entering the foreclosure process rose in the third quarter, while the seasonally adjusted delinquency rate dropped to its lowest level since 2008, according to the Mortgage Bankers Association's National Delinquency Survey, released on Thursday. The foreclosure-start rate rose to 1.08% of all mortgages for one- to four-unit residential properties in the third quarter, up from 0.96% in the second quarter, yet down from 1.34% a year ago, according to the report. Meanwhile, the seasonally adjusted delinquency rate fell to 7.99% in the third quarter, down from 8.44% in the second quarter and 9.13% a year earlier. "While the delinquency picture changed for the better in the third quarter, the foreclosure data indicated that we are not out of the woods yet and that the issues continue to vary by geography," said Michael Fratantoni, MBA's vice president of research and economics, in a news release.