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Week in review

Posted: June 25, 2011 1:55 a.m.
Updated: June 25, 2011 1:55 a.m.
 

“Housing shows signs of life”
Home and condo sales and median prices in the Santa Clarita Valley are up compared to the record-low period in 2008, reported the Southland Regional Association of Realtors. But weak job growth and tight credit continue to influence movement in the real estate trading market.

“Appraisers regulated out of commission”
This story, picked up by realty, trade and news organizations across the country, depicted how a shift of regulations intended to prevent lending companies from inflating home values during the appraisal process nearly put an entire industry of home appraisers out of work.

“Newhall Land gets new V.P.”
Newhall Land Development Inc. announced that James C. Bizzelle, a resident of Santa Clarita, will join its management team as senior vice president of community development.
 
“Loans to help businesses expand”
A local Certified Development Company, SoCal CDC, has received certification approval from the Small Business Administration, enabling it to connect small business owners and banks to provide SBA 504 commercial real estate loans to small businesses. The loans may also be used for purchasing major equipment.

“Home building turns to multifamily”
The residential construction landscape has shifted from single-family homes to multifamily projects, builders and officials with trade associations say. But an official with the Building Industry Association of Southern California says the change is more reflective of the current economy and predicts single-family homebuilding will rebound.

“‘Cloud’ offers businesses a cushion”
According to PricewaterhouseCoopers, 70 percent of small firms with a major data loss go out of business within a year. Backing up files and data is critical but onsite information may be lost in a disaster. Using a cloud computing service allows a user access to data from any location.

“Builders bet on home market”
Lennar recently introduced its new Brookville at River Village homes located in Valencia. Designed for first-time and move-up buyers seeking value as well as design for their money, the new Lennar homes feature hi-tech green features and home automation systems allowing the homeowner to remotely control and monitor the electronic systems from anywhere.
—Signal Staff

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