The ongoing housing crisis proves that another man’s loss may be another one’s gain. While the housing sector continues to lose sales, the apartment trade is continually getting renters. The growth, though, may not be sustainable given the current economic state.

In Orlando, the apartment sector fared well during the first half of the year. The number of vacant apartments went down in January to June of 2010 as those who lost their homes via foreclosure went to seek refuge in renting houses. Real estate investment services firm Marcus & Millichap, …

With the housing market continually declining, maybe it’s time to review the current policies and programs in place to save the economy. Federal Reserve Bank of Boston president Eric Rosengren offers an opinion on effectively revising these.
At a Federal Reserve-sponsored conference last Thursday, named “REO and Vacant Property Strategies for Neighborhood Stabilization last”, attendees got to hear Rosenberg say that there is no absolute solution to the current market. According to him, the financial crisis and its effect can be more effectively evaluated by looking at the characteristics of each …

Goals are very important, especially within an economy that seems to still be on the downhill.
The Housing and Economic Recovery Act of 2008 (HERA) requires the Federal Housing Finance Agency (FHFA) to establish the mortgage market goals for different target segments. The Freddie Mac and Fannie Mae conservator, therefore, has released its final housing goals for the government-sponsored enterprises. These new rules will apply for the year 2010 to 2011.
The recently established rules have three goals: one for single-family, owner-occupied home purchases; one for very low-income families; and another one …

The government has done all it can to try and help the housing market recover – from tax credits to low interest rates to mortgage refinancing to government-backed loans. Even so, the market is still crashing, with July of this year seeing the deepest plunge in home sales. This has led some economists and analysts to cry at the government and urge them to choose whether it will not be better to think of future homeowners rather than current ones.
The government has done everything it can to keep the housing …

HOUSTON — Asset Plus Companies has announced the ground breaking for 25Twenty, a student housing development in Lubbock, Texas. Managed by Asset Campus Housing, 25Twenty is located on a 3.6-acre site adjacent to Jones AT&T Stadium, home of Texas Tech Red Raider football. The upscale 562-bed student housing community will feature the major components of a successful pedestrian-orientated development. “This project will be much like The Lofts at Wolf Pen Creek development, which we completed last fall in College Station, Texas,” according to Company President Michael S. McGrath. “The Lofts …