Real estate news

• Zillow: Here are 2016's hottest housing markets

  13-01-2016 23:55
  
  Since we’re only a few weeks into the new year, there’s still plenty of time to identify which housing markets are set to blow up this year. Zillow set out to do just that, using its Home Value Forecast, which forecasts the change in the Zillow Home Value Index over the next 12 months, recent income growth, and current unemployment rate to pinpoint which markets will be the hottest in 2016.
  
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• Beige Book shows mixed economy

  13-01-2016 23:34
  
  The latest Federal Reserve Beige Book presents a mixed picture of the economy, with consumers and housing staying strong as the manufacturing, agricultural and energy sectors struggle.
  
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• Beige book: Fed sees Western US real estate as 'robust' - OCRegister

  13-01-2016 23:30
  OCRegister
  Beige book: Fed sees Western US real estate as 'robust'
  OCRegister
  The Fed's change in description of market conditions from “grew at a robust pace” in this month's report vs. “activity advanced” a year ago vs. “very low levels” in January 2011. FILE ILLUSTRATION. By JONATHAN LANSNER / Staff Columnist. Facebook ...and more »
  

• Freddie Mac announces pricing for first credit risk-sharing deal of 2016

  13-01-2016 23:19
  
  Freddie Mac announced Wednesday that it priced its first Structured Agency Credit Risk Series credit risk-sharing deal of 2016. STACR Series 2016-DNA1 has a reference pool of recently acquired single-family mortgages with an unpaid principal balance of more than $35.7 billion.
  
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• Louisville, southern Indiana real estate market still favoring sellers - WDRB

  13-01-2016 22:58
  WDRB
  Louisville, southern Indiana real estate market still favoring sellers
  WDRB
  Harrison County officials are looking for two people accused of shooting a couple in their Palmyra home. More >>. Harrison County officials are looking for two people accused of shooting a couple in their Palmyra home. More >> ...and more »
  

• FinCEN Continues Patriot Act Expansion Amid Real-Estate Order - Wall Street Journal (blog)

  13-01-2016 22:51
  Wall Street Journal (blog)
  FinCEN Continues Patriot Act Expansion Amid Real-Estate Order
  Wall Street Journal (blog)
  Strategic risk management (SRM) can be a good indicator of positive shareholder returns in the automotive supplier industry, with top performers cumulatively generating a 520% increase in shareholder value over 10 years, according to a report covering ...
  

• These Real Estate Stocks Are Move-In Ready - TheStreet.com

  13-01-2016 22:03
  These Real Estate Stocks Are Move-In Ready
  TheStreet.com
  Today I want to continue with what has turned into Real Estate Week for me here on Real Money. Second only to community banks, I have always owned a fair amount of REITs and real estate-related securities in my portfolio. I have done very well with ...and more »
  

• Fitch: Six housing predictions for 2016

  13-01-2016 20:36
  
  What's housing going to do in 2016? A new report from Fitch Ratings presents its six housing predictions for this year. What are interest rates going to do? House prices? Loan volumes? Here's what Fitch thinks.
  
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• U.S. Boosts Scrutiny of N.Y., Miami Cash Real Estate Deals - Bloomberg

  13-01-2016 20:32
  Bloomberg
  U.S. Boosts Scrutiny of N.Y., Miami Cash Real Estate Deals
  Bloomberg
  President Barack Obama's administration, citing concern about the origin of funds used for all-cash purchases of luxury real estate, said it is stepping up scrutiny of transactions in New York City and Miami. The Financial Crimes Enforcement Network ...and more »
  

• Atlanta-area police search for pair that posed as real estate agents, scammed ... - HousingWire

  13-01-2016 20:23
  HousingWire
  Atlanta-area police search for pair that posed as real estate agents, scammed ...
  HousingWire
  Police in the Atlanta area are searching for two people who allegedly posed as real estate agents and rented out homes they didn't own and had no right to rent out. The Gwinnett Daily Post has the details, along with a truly spectacular word choice in ...
  

• Real estate investment expected to rise 13% in 2016 with largest focus on Europe - Pensions & Investments

  13-01-2016 19:57
  Pensions & Investments
  Real estate investment expected to rise 13% in 2016 with largest focus on Europe
  Pensions & Investments
  Investors are expected to commit at least €48 billion ($52.4 billion) to real estate this year, an increase of almost 13% compared with 2015 expectations. Related Content. Foreign investors overwhelmingly view U.S. as best real estate opportunity ...
  Global Interest in China's Real Estate Wanes, Except Offices in Top-Tier ...Wall Street Journal (blog)all 4
  

• Atlanta-area police search for pair that posed as real estate agents, scammed renters

  13-01-2016 19:08
  
  Police in the Atlanta area are searching for two people who allegedly posed as real estate agents and rented out homes they didn’t own and therefore had no right to rent out.
  
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• Are FICO scores becoming a thing of the past?

  13-01-2016 19:00
  
  A solution for the current credit score system is a trending topic in the industry. What if the solution is to not use the FICO method at all? While it’s likely this isn’t for everyone, it works for this mortgage industry disrupter.
  
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• Man's murder trial begins in death of Arkansas real estate agent Beverly Carter - WLS-TV

  13-01-2016 18:04
  ABC News
  Man's murder trial begins in death of Arkansas real estate agent Beverly Carter
  WLS-TV
  Investigators focused on Arron Lewis after a real estate agent disappeared while showing a home in a rural area outside Little Rock. Emails and phone records, they said, showed Lewis and his wife set up a viewing for a property with Beverly Carter ...
  Trial Starts in Arkansas Real Estate Agent KillingABC News
  Jury selection to start in real estate agent killing trialFox Newsall 229 news articles 
  

• U.S. to require secret buyers of high-end real estate to reveal identities

  13-01-2016 17:45
  
  Aiming to pull back the curtain on the practice of secret buyers using shell companies to funnel cash into luxury real estate, the U.S. government will now require real estate companies to disclose the names of all-cash buyers on high-end properties.
  
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• Feds crack down on secret real estate deals in Miami-Dade and New York - Miami Herald

  13-01-2016 17:44
  Miami Herald
  Feds crack down on secret real estate deals in Miami-Dade and New York
  Miami Herald
  Federal authorities on Wednesday announced a temporary, anti-money laundering crackdown on pricey homes bought secretly with cash in Miami-Dade County and New York City. The new policy will require title insurance companies to identify the owners ...
  Feds to Track Secret Real Estate Buyers in Miami, ManhattanNBC 6 South Florida
  Feds target secret real estate deals in Miami and New YorkFresno Be
  

• Decatur Man, Mysterious Sidekick Sought For Real-Estate Scam - Patch.com

  13-01-2016 17:33
  Patch.com
  Decatur Man, Mysterious Sidekick Sought For Real-Estate Scam
  Patch.com
  Police say Julius Ball and an unknown woman have been posing as real estate agents to prey on unsuspecting renters. Decatur-Avondale Estates, GA. By Doug Gross (Patch Staff) January 13, 2016 11:25 am ET. ShareTweetGoogle ...
  Cops seek pair who pretended to be Lawrenceville real estate agents, took cashGwinnettdailypost.com
  Gwinnett police hunt for real estate flimflammersWSB Radioall 6 news articles &raqu
  

• Community Banks' Earnings Challenged by Real Estate Lending, Legacy Loan Exposures - TheStreet.com

  13-01-2016 17:30
  TheStreet.com
  Community Banks' Earnings Challenged by Real Estate Lending, Legacy Loan Exposures
  TheStreet.com
  The 14 community banks I'm profiling today were Wall Street favorites in 2015, when they sported positive analyst outlooks. These banks did not meet those expectations, as they increased real estate lending while still saddled by legacy loan exposures ...
  

• How Sheldon Silver Became a Convicted Felon Thanks to Shady Real Estate ... - Observer

  13-01-2016 17:23
  Observer
  How Sheldon Silver Became a Convicted Felon Thanks to Shady Real Estate ...
  Observer
  A laconic, religious Lower East Side pol was one of the most powerful men in real estate. Now he's looking at spending the rest of his life in prison. By Jillian Jorgensen • 01/13/16 11:23am. Sheldon Silver. (Illustration by Jason Seiler). A year ago ...and more »
  

• Police Seeking Couple For Real-Estate Scams - Patch.com

  13-01-2016 17:19
  Patch.com
  Police Seeking Couple For Real-Estate Scams
  Patch.com
  Authorities in Gwinnett County say Julius Ball and a mysterious female sidekick have been ripping off home-seekers. Lawrenceville, GA. By Doug Gross (Patch Staff) January 13, 2016 11:19 am ET. ShareTweetGoogle PlusRedditEmailComments0.
  Cops seek pair who pretended to be Lawrenceville real estate agents, took cashGwinnettdailypost.com
  Gwinnett police hunt for real estate flimflammersWSB Radioall 6 news articles »
  

• US Will Track Secret Buyers of Luxury Real Estate - New York Times

  13-01-2016 17:01
  New York Times
  US Will Track Secret Buyers of Luxury Real Estate
  New York Times
  Concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties. The initiative will start in two of the nation's major destinations ...
  US Moves to Prevent Money Laundering in Luxury Real EstateNBCNews.com
  Feds will track secret buyers of luxury real estate in Miami, New YorkTampabay.com
  Treasury
  

• Mild weather perks up Mass. real-estate market - Lowell Sun

  13-01-2016 16:48
  Mild weather perks up Mass. real-estate market
  Lowell Sun
  Pending sales in Massachusetts for both single-family homes and condominiums were much higher in December than they were in the same month a year earlier, the Massachusetts Association of Realtors reported. AP FILE PHOTO Sun staff photos can be ...and more »
  

• Mild weather perks up Mass. real-estate market - Sentinel & Enterprise

  13-01-2016 16:34
  Mild weather perks up Mass. real-estate market
  Sentinel & Enterprise
  Pending sales in Massachusetts for both single-family homes and condominiums were much higher in December than they were in the same month a year earlier, the Massachusetts Association of Realtors reported. AP FILE PHOTO Sentinel and Enterprise ...and more »
  

• The Government Boldly Just Set Up Another Real Estate Meltdown - Town Hall

  13-01-2016 16:19
  Town Hall
  The Government Boldly Just Set Up Another Real Estate Meltdown
  Town Hall
  Fannie Mae, the federally sanctioned mortgage giant, has just announced a new program that shows that they learned absolutely nothing from the last real estate meltdown. This new program, called “HomeReady” in a fit of hopeful and wishful thinking, ...and more »
  

• $1.66B Fannie and Freddie servicing portfolio for sale

  13-01-2016 16:00
  
  In its latest portfolio sale, MountainView Servicing Group announced the sale of a $1.66 billion Freddie Mac and Fannie Mae non-recourse servicing portfolio that is available to the national market.
  
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• High-end real estate, here we come - Central Penn Business Journal (blog)

  13-01-2016 15:43
  High-end real estate, here we come
  Central Penn Business Journal (blog)
  I don't play the lottery, but the historic Powerball jackpot — and the relentless stream of news stories about it and the advice columns for potential winners — has me mulling over life with a ton of money. What would I buy? To start, probably every ...
  

• Why You Should Add Real Estate to Your Portfolio - Modest Money (press release) (blog)

  13-01-2016 15:07
  Modest Money (press release) (blog)
  Why You Should Add Real Estate to Your Portfolio
  Modest Money (press release) (blog)
  Although across history, real estate was primarily used as a tactical investment, it has more recently become popular as a long term core strategy as a result of increasing concerns about the future variability of stock and bond returns and heightened ...and more »
  

• MBA: Mortgage applications start year off strong, surge 21.3%

  13-01-2016 13:05
  
  Mortgage applications shrugged off last week’s decline thanks to strong fourth-quarter growth in jobs and continuing low rates. As a result, the latest Mortgage Bankers Association report showed that applications jumped 21.3% from one week earlier.
  
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• Why Fort Lauderdale Real Estate is Booming Again - Ocean Drive Magazine

  13-01-2016 08:01
  Ocean Drive Magazine
  Why Fort Lauderdale Real Estate is Booming Again
  Ocean Drive Magazine
  The South Florida condo boom is migrating north to Fort Lauderdale, offering a different style of luxury. Fort-Lauderdale. A rendering of the pool at the Residences at W Fort Lauderdale, just one of the many new luxury condo developments transforming ...and more »
  

• Nexus Real Estate Selects Yardi Voyager 7S - Business Wire (press release)

  13-01-2016 07:30
  Nexus Real Estate Selects Yardi Voyager 7S
  Business Wire (press release)
  AMSTERDAM--(BUSINESS WIRE)--Nexus Real Estate has elected to adopt Yardi Voyager 7S, a browser-agnostic, fully mobilised Software as a Service platform, as its new property management and accounting platform. Nexus will use Yardi Voyager to ...and more »
  

• FAAR holds real estate discussion - Fredericksburg.com

  13-01-2016 06:03
  FAAR holds real estate discussion
  Fredericksburg.com
  The Fredericksburg Area Association of Realtors held a roundtable discussion with local industry leaders focusing on how the housing market performed in 2015 and what to expect in 2016. The meeting was the first of its kind held by the association and ...
  

• Portfolio including Central Park properties sold to real estate investors - Fredericksburg.com

  13-01-2016 06:02
  Portfolio including Central Park properties sold to real estate investors
  Fredericksburg.com
  A portfolio of local properties has changed hands, giving a large chunk of Fredericksburg's Central Park a new owner. The properties were sold by a series of LLCs registered to Kimco Realty Corp. in December to a series of LLCs registered to Artemis ...and more »
  

• JRC holds closed meeting on real estate - Joplin Globe

  13-01-2016 03:55
  JRC holds closed meeting on real estate
  Joplin Globe
  Members of the Joplin Redevelopment Corp. met behind closed doors for more than an hour Tuesday, with the agenda citing real estate as the reason. Chairman Gary Duncan said after the closed session that no vote was taken. Though he did not say if JRC ...
  

• Conflicting arguments open Utah real estate agent's trial - Salt Lake Tribune

  13-01-2016 02:44
  Conflicting arguments open Utah real estate agent's trial
  Salt Lake Tribune
  A prosecutor and a defense attorney offered a jury on Tuesday vastly different versions of the role of a real estate agent in the sale of lots in a Saratoga Springs subdivision where buyers and investors lost money when the U.S. real estate bubble ...
  

• Global Interest in China's Real Estate Wanes, Except Offices in Top-Tier ... - Wall Street Journal (blog)

  13-01-2016 02:02
  Wall Street Journal (blog)
  Global Interest in China's Real Estate Wanes, Except Offices in Top-Tier ...
  Wall Street Journal (blog)
  Global institutional investors and fund managers are taking a dimmer view of China's property market and instead are placing their bets in Japan and Australia, according to a new survey. Investors–who had last year looked to expand their portfolio of ...and more »
  

• Report: Denver commercial real estate finishes 2015 strong - The Denver Post

  13-01-2016 01:59
  Report: Denver commercial real estate finishes 2015 strong
  The Denver Post
  Denver's industrial real estate market posted its 23rd consecutive quarter of positive leasing activity to close out 2015, as the cost of renting space surpassed highs set before the recession, according to data released Tuesday by CBRE. Squeezed by ...and more »
  

• Report: Portland will be one of "hottest markets" for real estate in 2016 - KATU

  13-01-2016 01:58
  KATU
  Report: Portland will be one of "hottest markets" for real estate in 2016
  KATU
  PORTLAND, Ore. -- It's no secret to Portland residents that real estate prices (and rents) are skyrocketing, so a report calling Portland one of the "hottest housing markets" for 2016 shouldn't come as a surprise. The good news (depending on how you ...and more »
  

• Former real estate sales associate faces 150 years for Florida mortgage fraud - HousingWire

  13-01-2016 00:58
  HousingWire
  Former real estate sales associate faces 150 years for Florida mortgage fraud
  HousingWire
  A 39-year-old Florida man faces 150 years in prison after he was recently convicted on multiple counts of bank fraud stemming from his role in a mortgage fraud scheme that cost Wells Fargo nearly $1 million. According to the United States Attorney's ...
  

• Former real estate sales associate faces 150 years for Florida mortgage fraud

  13-01-2016 00:32
  
  A 39-year-old Florida man faces 150 years in prison after he was convicted recently on multiple counts of bank fraud, stemming from his role in a mortgage fraud scheme that cost Wells Fargo nearly $1 million.
  
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• Miami real estate at or nearing peak: economist - The Real Deal South Florida

  13-01-2016 00:11
  The Real Deal South Florida
  Miami real estate at or nearing peak: economist
  The Real Deal South Florida
  Most of Miami's real estate sectors are at or near their peak, according to a national economist who spoke at CREW-Miami's Economic Outlook luncheon held at the Four Seasons Hotel Miami on Tuesday. Hugh Kelly, a clinical professor at New York ...
  

• Fannie Mae celebrates 2 million HARP refinances

  13-01-2016 00:00
  
  Fannie Mae said Tuesday that it has now helped more than 2 million American households save money, reduce their interest rates, move into more stable loans or shorten their loan terms by refinancing their mortgages under the government’s Home Affordable Refinance Program.
  
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