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The first MLS system originated in Puerto Vallarta as www.MLSVallarta.com in 1988 and existed for a short period in the Los Cabos region as MLSCabo.com in the early 90s. They originated in these two markets as the majority of buyers are American or Canadian and familiar with the benefits of a MLS real estate system in their own home markets.
Perhaps the most nefarious use of the "price on application" term is as a mild low-ball technique. Even though no initial low price is given, the potential buyer might expect a reasonable price and proceed to enquire. The seller assumes a potential buyer is less likely to go elsewhere once the initial enquiry has been made. [1]
In 2019, PennyMac surpassed $1 billion in revenue for the first time. [2] That year the company also became the third largest mortgage lender in the U.S. in 2019 with $118 billion in unpaid principal balance (accounting for a market share of around 5%), the sixth largest mortgage servicer with a servicing portfolio of $369 billion in unpaid ...
The California Dream for All Shared Appreciation Loan program launched in late March, offering qualified first-time home buyers loans worth up to 20% of the purchase price of a house or ...
The DRE was founded in 1917, when the California legislature enacted the nation’s first real estate law. In July 2013, the department briefly merged with the California Department of Consumer Affairs as the Bureau of Real Estate. In January 2018, through Senate Bill 172, it again became an independent department. [3]
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The median price for a single-family house in California surpassed $900,000 for the first time ever, according to the California Assn. of Realtors. In a first, most California houses sell for over ...
In June 2010, First American Financial Corporation was established when First American split its businesses to create First American Financial Corporation which provides title and settlement services to the real estate and mortgage industry, and CoreLogic, specializing in real estate information.