The newspapers and news shows have been filled with horror stories of extremely low home sales and continually depressing home prices. It is then no wonder that a new report shows that the country’s home ownership rate is at a level that’s lowest in more than a decade. Home ownership, then, is starting to become a very murky American dream. The Read full article »
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Blame It On The Unemployment: Home Ownership Rate At Its Lowest Since 1999
category: Featured, Residential
tags: Americans, home ownership
Artis REIT Purchases Six Twin Cities Properties
The commercial real estate market may be faring better than its residential counterpart but not all commercial real estate companies have the means to purchase – and those which do have great potential to dominate the industrial landscape. Much like the Canadian real estate investment trust that has recently acquired a huge chunk of Twin Cities industrial properties portfolio. The Read full article »
Commercial Real Estate Market May Be Recovering But It’s Going To Be A Long Journey
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 »
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
Banks Versus Title Insurers On Liabilities Regarding Foreclosure Errors
Many may not have know what title insurance is unless they have started buying property but many are surely about to title insurers as they get dragged into the foreclosure paperwork mess. And as title insurers push for a blanket agreement with banks, banks remain adamant refusing to sign such agreement. As of late, everybody has been reading about foreclosure delays Read full article »
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 »
Experts Offer Various Solutions For Saving The Housing Market
Sometimes it’s a wonder if the housing market is still salvageable. It’s just not that home sales are down and prices are depressed and that the major mortgage servicers are in hot water for alleged mess in processing foreclosure paperwork, it’s also that the solutions that the government has offered seem to not be working. With everything looking as bleak Read full article »
category: Featured, Residential
tags: foreclosure, solution
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
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