The Obama administration knew home sales are going to plummet when the federal tax credit for home buyers expired. But even the administration says the decline is a bit alarming. It is not enough, though, to start talking about reviving the tax credit. Housing and Urban Development Secretary Shaun Donovan, speaking last Sunday on CNN’s “State of the Union”, says the Read full article »
Federal Tax Credit May Not Be Revived Soon; Two New Tools To Help Borrowers
category: Featured, Residential
tags: mortgages, tax credit
Singapore Cools Housing Market; Implements Tighter Loan Measures
Last year, Singapore had weathered the worst recession since their independence 45 years ago. It is then understandable why its government is currently implementing tighter measures in the property market. The government recently released a statement announcing stricter measures that are meant to curb speculation, as home prices in the second quarter climbed by 38%. Effective immediately, down payments of 10% Read full article »
No Tax Credit Means Less First-Time Home Buyers
First-time home buyers are considered very important to the real estate industry – some go as far as to say that they keep the market healthy. And with the July statistics showing that the number of people buying a home for the first is going down, analysts are starting to look at reasons why this is happening. The expiration of Read full article »
category: Featured, Residential
tags: home buyers, loans
Police Officer Shot In The Leg At A South Lake Apartment Raid
A policeman’s life is always in danger. And a raid in an apartment can prove very dangerous indeed; just like what happened with a South Jordan policeman last Thursday. Joint Criminal Apprehension Team’s 29-year old police officer Stevan Gerber was shot in the leg during a raid at a South Salt Lake City apartment. The shooting happened at around one in Read full article »
More Green Buildings May Mean More Greenbacks, Developers Say
With the housing market only starting to pick up and the competition a little stiff, developers are looking at ways of lowering construction costs and attracting more renters. One way of doing so will be going green. Denver-based United Dominion Realty says going green just might do the trick. UDR’s East Dallas Belmont Apartments are packed with amenities such as swimming Read full article »
category: Commercial, Multi Family
Underwater Homeowners Left With Limited Options
The real estate industry is supposed to be picking up, but more and more home-buyers are still having a problem meeting their mortgage payments. Real estate agent Allison Day says she has seen hundreds of homeowners wanting to stay but not really able to afford it. Despite the fact that the number of those falling behind heir mortgage payment is increasing, Read full article »
Apartment-Hunting Is A Breeze With Google Maps
Today’s lifestyle is best described in one word: busy. People are always in a hurry to go from one place to next while still trying to connect to their friends and loved ones; hence, the popularity of mobile phones. Now, mobile phones acquire a new use: making apartment-hunting way easier. Jumping from one apartment to another is tiring and confusing, especially Read full article »
FHFA Reports, Home Prices Down 1.6%
Home prices continue to fall, according to a report by the Washington-based Federal Housing Finance Agency. This year, home prices during the second quarter were 1.6% less than last year’s. The first quarter, on the other hand, saw a 3.2% decline in home prices. More foreclosed homes also join the ranks of those properties for sale. Though prices are up by 0.9% Read full article »
category: Residential
tags: FHFA, foreclosure
MBA Ranks Loan Servicers In Its Mid-Year Report
Mortgage Bankers Association released their mid-year rankings. It lists the top servicers for commercial and multifamily loans and also ranks by secondary market activity. Wells Fargo came on top in commercial and multifamily loans, servicing 40,292 loans totaling to $462.8 billion. PNC Real Estate/Midland Loan Services, Inc., with $307.9 billion serviced loans, placed second. Berkadia Commercial Mortgage LLC and Bank of Read full article »
Land Is The Key To Housing Market Profit, Says Toll Brothers CEO
The Toll Brothers Inc. has a new, non-Toll brother chief executive officer. And he believes that land is what will save the company when the housing market finally picks up. Two months ago, CEO Robert Toll – who founded the company 43 years ago, together with his brother Bruce – handed the control to 50-year old Douglas Yearly Jr. And now Read full article »
tags: luxury homes, Toll Brothers
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