Southern California’s housing market continued to get stronger in May. Sales were up 4.9 percent compared with May 2014, although they were down 1.7 percent from April, according to data released Wednesday by CoreLogic in Irvine. Year-over-year sales have now been up for four consecutive months, after being down for …
Read More »CONTRACT CHECKLIST FOR INTERNATIONAL SALE OF GOODS WITH COMMENTARY – Part Four
I’ve created a checklist of twenty-five terms commonly found in a detailed contract for the international sale of goods. The previous terms can be found here https://iebusinessdaily.com/?s=John+Tulac Here are the final ten terms: Breach, Default and Termination: Specifying the conditions of breach and default is sometimes valuable in and of itself, …
Read More »Port activity is flat
May was a routine month at the Port of Los Angeles. Traffic was up only .8 percent compared with May 2014, as workers handled the equivalent of nearly 695,000 20-foot containers, the port industry’s standard measuring stick, according to data released Monday. That minor increase was due mostly to an …
Read More »Number of underwater homes shrinks
Nearly 255,000 mortgaged properties in the United States regained equity during the first quarter of this year, according to a report released Tuesday. Nationwide, the number of mortgaged residential properties at the end of the first quarter of this year totaled 44.9 million, or roughly 90 percent of all mortgaged …
Read More »Local housing official criticizes Supreme Court action
A California Supreme Court decision that will allow cities and counties to require developers to sell some of their product at below-market rates will only worsen the state’s housing crisis, an Inland housing official said Tuesday. The home building industry is in “extreme disagreement” with the decision handed down Monday, …
Read More »State home sales stay up
Seasonally adjusted single-family home sales topped 400,000 in May in California, their second-highest level in nearly two years. Sales of existing, single-family detached homes statewide totaled a seasonally adjusted 423,360 units last month, down 1.1 percent from April but up 8.9 percent compared with May 2014, according to data released …
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