Real estate news

• Fannie Mae raising mortgage modification interest rate yet again

  07-07-2015 23:51
  
  Fannie Mae is set to raise the benchmark interest rate for its Standard Modification program for the second month in a row. The new rates take effect on July 14.
  
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• San Francisco exhibiting potential signs of a housing bubble

  07-07-2015 22:10
  
  The San Francisco Bay Area is showing some warning signs of a possible bubble. However, this isn't to say the entire nation is on the verge of a bubble. Collateral Analytics noted that some economists and real estate observers are trying to sensationalize an issue that doesn't exist.
  
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• Alarming details charged in the collapse of Butler & Hosch

  07-07-2015 21:54
  
  While creditors are lining up and controversy has swirled around the abrupt virtual bankruptcy of mortgage banking industry law firm Butler & Hosch, little has been revealed about what happened behind the scenes. Until now.
  
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• FHA proposes insurance claim deadline

  07-07-2015 21:28
  
  Attention lenders and servicers. There may soon be a deadline to file insurance claims with the Federal Housing Administration, after the FHA issued a proposal this week establishing a “clear timetable” for claim payments. Click through to learn more.
  
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• Sears-Affiliated Real Estate Investment Trust Raises $1.6 Billion - The Consumerist

  07-07-2015 21:01
  
  The Consumerist
  Sears-Affiliated Real Estate Investment Trust Raises $1.6 Billion
  The Consumerist
  If you've always secretly wanted to be the partial landlord of a Sears or Kmart store, you have some unusual and specific life goals. You can also achieve your goal as of this week. The real estate investment trust spun off from Sears Holdings ...
  Sears raises $1.7B in spinning off real estateSalt Lake Tribuneall 72 news articles »
  
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• Arkansas woman takes plea deal in murder of real estate agent - CBS News

  07-07-2015 20:53
  
  CBS News
  Arkansas woman takes plea deal in murder of real estate agent
  CBS News
  LITTLE ROCK, Ark. - A woman charged in the kidnapping and killing of an Arkansas real estate agent has pleaded guilty to reduced charges in exchange for agreeing to testify against her estranged husband, who also is charged in the death. Crystal Lowery ...
  Woman charged in death of real estate agent Beverly Carter sentenced to 30 yearsTHV 11
  Jacksonville woman gets 30-year sentence in real estate agent's de
  
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• June sales report: Rockford real estate activity highest since housing ... - Rockford Register Star

  07-07-2015 20:49
  
  Rockford Register Star
  June sales report: Rockford real estate activity highest since housing ...
  Rockford Register Star
  ROCKFORD — Last month was the busiest month for home sales in the Rockford region since the housing recession started in June 2008. A total of 460 homes and condos sold in Winnebago, Boone and Ogle counties in June, according to the Rockford Area ...and more »
  
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• Local commercial real estate firm branches out, forms new company - Philadelphia Business Journal (blog)

  07-07-2015 20:01
  
  Philadelphia Business Journal (blog)
  Local commercial real estate firm branches out, forms new company
  Philadelphia Business Journal (blog)
  Tactix Real Estate Advisors is teaming up with 16 other commercial real estate firms to create a company called Exis that will have a global reach and focus on representing tenants in lease and other property transactions. Glenn Blumenfeld, a principal ...
  
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• Myanmar Scraps Real Estate Projects Under Pressure From Monks - WSJ - Wall Street Journal

  07-07-2015 19:21
  
  Wall Street Journal
  Myanmar Scraps Real Estate Projects Under Pressure From Monks - WSJ
  Wall Street Journal
  NAYPYITAW, Myanmar—Myanmar's government on Tuesday scrapped five planned real-estate projects in its largest city, Yangon, including a high-profile US$300 million luxury condominium with international backers, after months of pressure from ...and more »
  
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• Myanmar Scraps Real Estate Projects Under Pressure From Monks - Wall Street Journal

  07-07-2015 19:21
  
  Wall Street Journal
  Myanmar Scraps Real Estate Projects Under Pressure From Monks
  Wall Street Journal
  NAYPYITAW, Myanmar—Myanmar's government on Tuesday scrapped five planned real-estate projects in its largest city, Yangon, including a high-profile US$300 million luxury condominium with international backers, after months of pressure from ...
  Myanmar scraps developments under pressure from monksTHE BUSINESS TIMESall 11 news articles »
  
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• What Are Real Estate Investment Trusts (REITs)? - Money Morning

  07-07-2015 19:17
  
  Money Morning
  What Are Real Estate Investment Trusts (REITs)?
  Money Morning
  Real estate investment trusts (REITs) are companies that own or finance income-producing real estate properties. REITs are similar to mutual funds because they provide investors stable income streams and capital appreciation. Most of them are ...
  Real Estate Crowdfunding Seeks Spot in Advisor ToolboxFinancial-Planning.comall 7 news articles »
  
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• Real Estate Generational Melting Pots - Huffington Post

  07-07-2015 19:05
  
  Huffington Post
  Real Estate Generational Melting Pots
  Huffington Post
  "Real estate is local" is a saying that will not go away because it's very true. Every market has some unique characteristics from regional down to neighborhood levels. There are however global and national factors that have an impact all the way down ...
  
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• Do You Want the Techno-Agent or a Real Estate Grunt? - Huffington Post

  07-07-2015 18:55
  
  Huffington Post
  Do You Want the Techno-Agent or a Real Estate Grunt?
  Huffington Post
  As the Internet and technology have been reforming so many businesses and industries, we as consumers and even investors are presented with decisions about how we will use what's available to us. Sure, most of us love our smart phones and tablet ...and more »
  
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• How Much Money Do Private Real Estate Fund Managers Have? - National Real Estate Investor

  07-07-2015 18:35
  
  National Real Estate Investor
  How Much Money Do Private Real Estate Fund Managers Have?
  National Real Estate Investor
  According to the most recent report from London-based research firm Preqin, a record amount. Preqin estimates that fund managers with closed-end private real estate funds currently have $245 billion at their disposal, the highest amount on record. Here ...
  
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• Here are the hottest 20 housing markets in America right now

  07-07-2015 18:14
  
  The U.S. housing markets are on track to be the best since 2006 with robust demand and a corresponding growth in supply (4% month-over-month) maintaining their springtime momentum and helping to boost sales in June 2015, according to realtor.com’s ‘Advance Read on June Trends’ which draws on residential inventory and demand trends over the first three weeks of each month.
  
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• Rocket Internet's GFC Backs Yet-To-Launch Real Estate Investment Platform ... - TechCrunch

  07-07-2015 18:11
  
  TechCrunch
  Rocket Internet's GFC Backs Yet-To-Launch Real Estate Investment Platform ...
  TechCrunch
  In a move that feels fairly unusual, Global Founders Capital (GFC), the venture capital arm of German startup factory and e-commerce behemoth Rocket Internet, has invested in a startup before it's even launched. The company in question is BrickVest, ...
  Rocket Internet invests in online real estate investment platform BrickVestTech City Newsall 4 news articles »
  
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• Celerion sells Lincoln real estate - Lincoln Journal Star

  07-07-2015 18:10
  Lincoln Journal Star
  Celerion sells Lincoln real estate
  Lincoln Journal Star
  Celerion employees work in the company's absorption, distribution, metabolism and excretion suite at Celerion in 2012. The company has sold its Lincoln facilities for nearly $15 million to a New York company and will continue to lease the space.
  
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• Is Denver's residential real estate market cooling off? - 9NEWS.com

  07-07-2015 18:09
  
  9NEWS.com
  Is Denver's residential real estate market cooling off?
  9NEWS.com
  Despite another month of record-setting prices in the Denver metro, a new report from the Denver Metro Association of Realtors said the Denver housing market might be "cooling off." Loading… Post to Facebook. Is Denver's residential real estate market ...and more »
  
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• Phoenix man gets 6 years in prison in real estate scam - azcentral.com

  07-07-2015 18:05
  
  azcentral.com
  Phoenix man gets 6 years in prison in real estate scam
  azcentral.com
  Zavier Kay Hafiz, 31, was sentenced to six years in prison and ordered to pay more than $3.5 million in restitution. Loading… Post to Facebook. Phoenix man gets 6 years in prison in real estate scam Zavier Kay Hafiz, 31, was sentenced to six years in ...
  Phoenix man gets prison for real estate investment fraudWashington Times
  AZ real estate investor takes plea agreement in fraud caseKPHO Phoenixall 13 news arti
  
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• Embattled Atlanta real estate firm in bankruptcy - Atlanta Journal Constitution

  07-07-2015 17:46
  
  Embattled Atlanta real estate firm in bankruptcy
  Atlanta Journal Constitution
  Want more news? Sign up for free newsletters to get more of the AJC delivered to your inbox. A prominent Atlanta real estate law firm that has been mired in litigation over millions of dollars in missing money has filed for bankruptcy protection.and more »
  
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• Gaming and Leisure Boosts Bid for Pinnacle's Real Estate - Wall Street Journal

  07-07-2015 17:46
  
  STLtoday.com
  Gaming and Leisure Boosts Bid for Pinnacle's Real Estate
  Wall Street Journal
  Gaming and Leisure Properties Inc. GLPI -2.59 % said Tuesday that it has boosted its offer for Pinnacle Entertainment Inc. PNK 5.82 % 's real estate after its previous offers were rejected. GLPI's latest offer, which it called its final effort, values ...
  Gaming and Leisure raises bid for Pinnacle's real estateReuters
  Gaming and Leisure raises bid for Pinnacle's real estate assetsSTLtod
  
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• Consumer attitudes on housing May signal healthier purchase market ahead

  07-07-2015 17:45
  
  Americans’ outlook toward the current home selling market and the future of home rental prices may bode well for purchase activity this year, according to results from Fannie Mae's June 2015 National Housing Survey.
  
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• Consumer attitudes on housing signals healthier purchase market ahead

  07-07-2015 17:45
  
  Americans’ outlook toward the current home selling market and the future of home rental prices may bode well for purchase activity this year, according to results from Fannie Mae's June 2015 National Housing Survey.
  
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• Consumer attitudes on housing signal healthier purchase market ahead

  07-07-2015 17:45
  
  Americans’ outlook toward the current home selling market and the future of home rental prices may bode well for purchase activity this year, according to results from Fannie Mae's June 2015 National Housing Survey.
  
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• Surging rent drives first-time homebuyers in Northwest

  07-07-2015 17:01
  
  The Northwest posted a surge in first-time homebuyers thanks to rising rents and an influx of relocating workers. “In most cases buying a home costs significantly less than renting and the good news is the monthly payment will remain the same as rents continue to rise,” said Mike Gain, CEO and president of Berkshire Hathaway HomeServices Northwest Real Estate.
  
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• Mortgage credit availability stalled in June

  07-07-2015 15:09
  
  Mortgage credit availability decreased in June according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association which analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool.
  
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• CoreLogic: May home prices rose 6.3% nationally

  07-07-2015 14:00
  
  May home prices nationwide, including distressed sales, increased by 6.3% in May 2015 compared with May 2014, according to the home price report from CoreLogic. How is your market doing?
  
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• Bay Area's Over-The-Top Real Estate Market Stars On 'Million Dollar Listing ... - CBS Local

  07-07-2015 08:46
  
  CBS Local
  Bay Area's Over-The-Top Real Estate Market Stars On 'Million Dollar Listing ...
  CBS Local
  SAN FRANCISCO (KPIX 5) — The Bay Area's white hot real estate market the star of its own TV show. Bravo's newest real estate reality show is 'Million Dollar Listing San Francisco,' with desperate buyers, over-the-top brokers, and plenty of drama.
  'Million Dollar Listing' mines SF real estate gold rushSFGateall 8 news articles »
  
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• Sony, Yahoo Japan Look To Shake Up Real Estate Business - Wall Street Journal (blog)

  07-07-2015 06:33
  
  Wall Street Journal (blog)
  Sony, Yahoo Japan Look To Shake Up Real Estate Business
  Wall Street Journal (blog)
  Last year, a Sony Corp. corporate planner named Kazuo Nishiyama saw an opportunity in the real-estate business. He observed that in Japan, agents often serve both buyers and sellers while disclosing limited market information, and he thought Sony could ...
  
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• Share Better coalition video ad hits Airbnb — and real estate big shots ... - Inman.com

  07-07-2015 01:33
  
  Mashable
  Share Better coalition video ad hits Airbnb — and real estate big shots ...
  Inman.com
  The Share Better Coalition, a nationwide group of elected officials and activists working against sharing platforms like Airbnb, recently released a campaign touting the benefits of the short-term rental sites ... for real estate moguls. The parody ...
  Anti-Airbnb ad says short-term rentals mostly benefit real estate mogulsMashableall 19 news articles »
  
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• Former LandCastle Title CEO’s luxury condo scheduled for foreclosure auction

  07-07-2015 00:33
  
  As the law firm he formerly managed is fighting for its life in bankruptcy court, a luxury condominium once owned by Nathan (Nat) Hardwick and allegedly purchased with ill-gotten gains is about to be auctioned off after the property was foreclosed on.
  
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• Where Should First-Time Buyers Live?

  07-07-2015 00:00
  Find out why these 10 states offer some of the best economic conditions and incentives for first-time homeowners.
  
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• What 6.5 Million Borrowers May Be Missing

  07-07-2015 00:00
  Millions of borrowers stand to save at least $200 a month on their mortgage payments, or even upwards to $500, according to a new report. ...
  
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• To the World, U.S. Real Estate Is a Good Deal

  07-07-2015 00:00
  U.S. housing markets are the most affordable in the world, according to a new study. 
   
  
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• Renters Face More Cost Increases

  07-07-2015 00:00
  Average effective rents climbed 3.6 percent during the second quarter compared to a year earlier, with some red-hot rental markets even seeing...
  
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• Investors Hold Out for Larger Gains

  07-07-2015 00:00
  Institutional investors believe their buy-and-hold strategy will prove to be a profitable move. 
   
  
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• Builder Labor Shortage Grows More Severe

  07-07-2015 00:00
  Labor shortages are causing builders to have to pay higher wages and forcing them to raise home prices as well as making it more difficult for...
  
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