As if the apartment market needs further proof that it is about to emerge as the best performing industry in this down economy: two of America’s largest apartment REITs have yielded better-than-expected funds from operations. Furthermore, both companies raised the bar by increasing its outlook for the year 2010. This just intensifies the recent reports of an improving – if Read full article »
Obama Administration In Line Of Fire From Congressional Oversight Panel
What’s happening to the housing market right now is very reminiscent of what economist Milton Friedman once said, "The government solution to a problem is usually as bad as the problem." At least that’s what a key government panel thinks. The Obama administration is now in hot water for allegedly failing in most housing-related issues. The Congressional Oversight Panel, which is Read full article »
Northeast Houston Apartment Residents Forced To Move Out
Even with reports of the apartment industry faring better than the rest of the economy, the said sector is not exempt from having its own horror stories. Some apartment managers and owners, in fund shortage, leave their complexes neglected and the bills unpaid – in the end, the residents are the ones who suffer. One apartment complex in northeast Houston Read full article »
tags: Angel Ridge, Apartment
The Crazy Idea Just Might Work: Bring Back Mortgages For Non-Prime Borrowers
The housing market has been on the dumps for two years now and solutions being implemented do not seem to work. Different analysts, economists, and other insiders are suggesting ways to help the market on its way to recovery. Sometimes, the most insane ideas come afloat but they do not necessarily have to be dismissed – as crazy as the Read full article »
Boston Sees Surge In Apartment Building Starts
It has already been established that with the housing market loss, the apartment market gains. And lots of states and cities are joining the apartment building bandwagon, the latest of which is Boston. In Boston, developers are having a hard time gaining financing for new office towers and high-rise condominiums and this has prompted a dramatic increase in proposals for apartment Read full article »
Increased Home Sales But Depressed Prices
At this point, the housing market just cannot have everything. It has recently registered an increase in home sales but is still fearfully scraping along the bottom, as apparent in subdued prices and the recent scandal on foreclosure fraud. The National Association of Realtors reported a 10% surge in existing home sales for the month of September. The seasonally-adjusted reading for Read full article »
Housing Market Trend Points To Apartments For Older Adults
The housing market sure needs a lot of work before it can fully recover and pick up from the effects of the recession. This is why most developers and real estate firms are looking at bringing in more business. Surprisingly, the current trends are very different from what they used to be. The growing trend in today’s housing market is the Read full article »
category: Featured, Multi Family
tags: Apartment, elder housing
Use Of Stern Firm For Foreclosure Work Suspended By Fannie Mae
State attorneys general in all 50 states have recently launched a joint investigation on the recent allegations of fraud regarding foreclosure paperwork and proceedings. With the real estate world focusing on said issue, banks and mortgage lenders can never be too careful. This is why the country’s largest provider of mortgage financing has decided to suspend foreclosure work with a Read full article »
category: Legal, Residential
Saving The Housing Market: Predictions Or Solutions?
With talks of the housing market still now making a clear path to recovery, it is so easy to get caught up in all the predictions coming out these days. But just how important is it to let these predictions affect our perception of the housing market? Maybe not so much. Just recently, Fannie Mae and Freddie Mac’s regulator published a Read full article »
tags: crisis, foreclosure
Foreclosure Fraud Lead To Investor Non-Activity
People are now aware that the foreclosure mess has led to lower sales on foreclosed homes. But what they don’t know is that it has also affected another group of people considered more influential in aiding the housing and economic recovery. The very people helping wipe out the inventory on foreclosed homes has decided to stay in the sidelines until Read full article »
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