California Foreclosures Drop To 7-Year Low - New York News

Saving the California Dream

California Foreclosures Drop To 7-Year Low

Posted: Updated:
Los Angeles, CA -

(FOX 11) A DataQuick research firm report shows good news for California's housing market, as default notices drop to a 7-year low.

The company credits an improving housing market, California's tough new regulations ("California Homeowner Bill of Rights") and an improving economy.

But FOX 11's financial analyst, Neeraj Chaudhary, credits a "mini bubble."

He tells investigative producer Heidi Cuda that with "real" unemployment numbers still high, California's woes are not over.

"Ultimately, we're creating a mini bubble like we had several years ago based on very low interest rates," says Chaudhary, an investment consultant with Euro Pacific Capital. "It's not gonna be sustained because the real economy is basically in a depression. There's very high unemployment, above 20 percent when you look at the underemployed and discouraged workers who've stopped looking. When people don't have income, they can't buy a piece of property."

 

 

 

 

  • FeaturesMore>>

  • Wednesday's Child

    Tyshawn Has A Loving Heart For A Forever Family

    Tyshawn Has A Loving Heart For A Forever Family

    Thursday, April 24 2014 3:00 AM EDT2014-04-24 07:00:07 GMT
    Some kids have a tougher start than others, and so it was with this week’s Wednesday’s Child, Tyshawn (2009). But despite his rough beginning, Tyshawn has a joyful and loving nature and an infectious smile that is hard to forget.Tyshawn was born with Down syndrome and has some intellectual delays and some medical issues.
    Some kids have a tougher start than others, and so it was with this week’s Wednesday’s Child, Tyshawn (2009). But despite his rough beginning, Tyshawn has a joyful and loving nature and an infectious smile that is hard to forget.Tyshawn was born with Down syndrome and has some intellectual delays and some medical issues.
  • Gina's People

    A Rare Condition

    A Rare Condition

    Monday, April 21 2014 11:24 AM EDT2014-04-21 15:24:17 GMT
    Hell on earth, that's how some doctors describe Recessive Dystrophic Epidermolysis Bullosa also known as E.B. It's a horrible genetic disease that Nicky Zahorcak was born with. A lot of his skin is raw, the slightest touch can cause blisters that quickly spread. He says, "Right now, all the bandages that you see everywhere even on my sides, they're all raw skin." His mother Silvia says very few people know about this rare condition and she wants to change that.
    Hell on earth, that's how some doctors describe Recessive Dystrophic Epidermolysis Bullosa also known as E.B. It's a horrible genetic disease that Nicky Zahorcak was born with. A lot of his skin is raw, the slightest touch can cause blisters that quickly spread. He says, "Right now, all the bandages that you see everywhere even on my sides, they're all raw skin." His mother Silvia says very few people know about this rare condition and she wants to change that.
  • Midday Sunday With Tony Valdez

    Autism Speaks

    Autism Speaks

    Sunday, April 20 2014 12:00 PM EDT2014-04-20 16:00:11 GMT
    Matt Asner visits Tony Valdez and Midday Sunday today to talk about Autism Speaks. Autism Speaks was founded in February 2005 by Bob and Suzanne Wright, grandparents of a child with autism.
    Matt Asner visits Tony Valdez and Midday Sunday today to talk about Autism Speaks. Autism Speaks was founded in February 2005 by Bob and Suzanne Wright, grandparents of a child with autism.
  • Local NewsLocal NewsMore>>

  • Camilla's brother dies in New York after head injury

    Camilla's brother dies in New York after head injury

    Wednesday, April 23 2014 11:04 PM EDT2014-04-24 03:04:50 GMT
    The brother-in-law of the Prince of Wales died Wednesday after falling outside a hotel bar and suffering a head injury, police said. Mark Shand, the brother of Prince Charles' wife, Camilla, Duchess of Cornwall, was in New York for a charity auction at Sotheby's.
    The brother-in-law of the Prince of Wales died Wednesday after falling outside a hotel bar and suffering a head injury, police said. Mark Shand, the brother of Prince Charles' wife, Camilla, Duchess of Cornwall, was in New York for a charity auction at Sotheby's.
  • Deep split in Port Authority over unfinished WTC tower

    Deep split in Port Authority over unfinished WTC tower

    Wednesday, April 23 2014 9:03 PM EDT2014-04-24 01:03:40 GMT
    Board members of the Port Authority of New York and New Jersey revealed a deep split Wednesday over the agency's role in effecting the completion of the long-delayed 3 World Trade Center project, with some commissioners lauding the effort and others expressing grave concerns. The discussion at the monthly board meeting offered a rare glimpse into the negotiations that have been going on behind the scenes in recent months.
    Board members of the Port Authority of New York and New Jersey revealed a deep split Wednesday over the agency's role in effecting the completion of the long-delayed 3 World Trade Center project, with some commissioners lauding the effort and others expressing grave concerns. The discussion at the monthly board meeting offered a rare glimpse into the negotiations that have been going on behind the scenes in recent months.
  • God's Love We Deliver virtual bake sale for birthday cakes

    God's Love We Deliver virtual bake sale for birthday cakes

    Wednesday, April 23 2014 6:36 PM EDT2014-04-23 22:36:46 GMT
    God's Love We Deliver provides meals to people in the New York City area who are too sick to shop and cook for themselves. Clients also receive birthday cards that are decorated by local school students. Sometimes a cake is the only birthday gift that God's Love's clients will receive.
    God's Love We Deliver provides meals to people in the New York City area who are too sick to shop and cook for themselves. Clients also receive birthday cards that are decorated by local school students. Sometimes a cake is the only birthday gift that God's Love's clients will receive.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices