There have been numerous reports saying that the commercial real estate market is faring better than the rest of the economy. While this may be true, a recent survey reveals that there should be caution in moving within the said market. The survey may agree with the reports, it also reveals that growth is but incremental. The Real Estate Roundtable released Read full article »
Archives for Headline News
New Home Price Predictions Peg Another 8% Decline
Anyone who thinks that the issue of robo-signing is the biggest the housing market has to deal with is gravely wrong. Though foreclosure fraud is admittedly something the market does not need at this point, industry insiders and watchers have more to worry about than the investigation regarding foreclosure proceedings. The still weak (perhaps weakening?) economy coupled with high unemployment Read full article »
tags: home prices, sales
A Closer Look At The Mortgage Headlines
With lots of news coming out regarding the housing market, especially on the mortgage and mortgage-backed securities, it is easy to get lost in all the hype. And it is also easy to mix the fact from fiction. But many will be surprised that some of the news circulated in major news outlets is grossly exaggerated. One of those will be Read full article »
Mixed Results For Las Vegas Luxury Homes
The real estate market may be trying to regain its composure but it still sees varied responses from time to time as prices and sales seesaw up and down from month to month. Even luxury homes, which cater to the more affluent people of the country, home sales and prices are hardly stabilized. One real estate firm in Las Vegas Read full article »
tags: Las Vegas, luxury homes
Wells Fargo Refiles Foreclosure Affidavits, Analysts Unsurprised
Publicly traded companies are under an obligation to announce business developments to its investors and analysts. Admission of an error in foreclosure proceedings is counted under that particular obligation. This is probably why the country’s second largest mortgage servicer, which previously said no such errors occurred in their banks, is now making a disclosure. Wells Fargo & Co. made an unexpected Read full article »
tags: foreclosure, wells fargo
Raised Rents And Better Forecasts For Two Apartment REITS
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 »
tags: apartments, Avalon Bay
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 »
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