When the country was hit by the economic crisis, the real estate market was hit the hardest. Even now, when the economy is already starting to stabilize, the real estate market is still struggling to keep its grounding – aside from the declining prices, the mounting number of foreclosed homes is proof of this. It is then no wonder that Read full article »
Apartment Vacancies Decline For The First Time In Three Years
Almost everything in the real estate market is going down, like home sales and home prices. But here is one decline that can be taken as a bit of breather from all the bad news: U.S. apartment vacancies have dropped in the third quarter – the first in three years. This means that more and more people are deciding to Read full article »
category: Featured, Multi Family
ASU Reveals Another Decline In Phoenix Real Estate Prices
The real estate market is far from a total recovery. The recent figures on the Phoenix area home prices prove that: both commercial and residential real estate have been seeing a decline in prices. And the decline seems to be a consistent trend. Though economists still consider the Phoenix area real estate market as stable, the downward trend in prices sure Read full article »
New Bill May Give Banks And Mortgage Processors Legal Cover For Improper Foreclosures
Real estate watchers have heard of news of GMAC and JPMorgan Chase putting a halt on foreclosure proceedings. What they have not heard of is a bill – which has passed the Senate with lightning speed – that will make it harder to nullify improper foreclosure attempts by banks and mortgage processors. The bill, which is only getting media attention Read full article »
No Smoking Even In Your Own Homes, Says Some Apartment Developers
Looking after our health is very important nowadays, not just because the economy makes it hard to be sick but also because a lot of chemicals are in the air and the food we eat that the risks of contacting sickness is higher. This is the reason some apartment complexes and condos are now banning tenants from smoking – not Read full article »
Government Aid Needed To Prevent Further Decline In Home Prices, Says Feldstein
Many economists and housing market analysts have pointed out that for the real estate market to really start its way up, it needs to reach bottom first. Each of them suggests that for this to happen, the U.S. government should leave the market alone. Now, though, an economics professor at the Harvard University says such a move will be suicidal Read full article »
category: Featured, Residential
tags: home prices, tax credit
Foreigners Flock To The Country’s Housing Market
Who’d have known that the country’s high unemployment, weak currency, and bloated inventory of homes could lead to an unusually attractive buyer’s market? Indeed, the combination of these three negatives has attracted the international investor class, helping stabilize the housing market for a few key cities. In Miami, swanky condo complex Viceroy has buyers raving about its Kelly Wearstler-designed place and Read full article »
category: Featured, Residential
tags: foreign investors, Miami
Results Of Tender Notes For 5.95% Senior Notes, Announced By Washington Real Estate Investment Trust
Washington Real Estate Investment Trust, which has its shares publicly traded on the New York Stock Exchange, has recently announced the final results of cash tender offer to purchase 5.95% Senior Notes due June 15, 2011. The Notes amount to $150,000,000. The tender offer expired on October 1st of 2010, at 5:00 pm New York City time. At that time, a Read full article »
tags: mortgage
Racketeering Case Filed Against Ally And Citigroup
A popular bank and a mortgage servicer are being sued by homeowners in Kentucky for conspiring with a mortgage transfers company for falsely foreclosing on loans. It is a serious allegation and when proven true, then a lot of homeowners who are currently facing foreclosures just might get a chance to save their homes. Homeowners in Kentucky have filed a lawsuit Read full article »
New Partnership To Yield A 275-Property Affordable Housing Portfolio
A new partnership hits the real estate market. Forming a new company, the partnership aims to provide affordable housing to as many people as possible. Low Income Housing Tax Credit industry leader Michael Costa, Highridge Partners and Citi form Highridge Costa Housing Partners to manage a portfolio amounting to $3.4 billion, consisting of 275 affordable, multifamily properties. Each one will play Read full article »
category: Featured, Multi Family
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