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Today's real estate news

- Homes in foreclosure decline by 130,000

- Consumer borrowing surged for second month in December

- S&P outlook for homebuilders is cautiously optimistic

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C.A.R. applauds Obama’s proposal to help troubled homeowners

C.A.R. applauds President Obama’s proposal to help millions of underwater homeowners who are current on their mortgage to refinance.

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December Pending Home Sales Index

California pending home sales lower in December; distressed sales rise as lenders push through more REOs, short sales.

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December sales and price report

California home sales rise in December, posting 11-month sales high.

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C.A.R. launches short sale website

Visitors will find information ranging from short sale news, foreclosure timelines, and red flags to watch for, to legal Q&As, a short-sale glossary, and much more.

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