Real estate news

• FHFA announces new rules for non-performing loan buyers

  14-04-2016 23:51
  
  According to the FHFA, analysts and advocates have raised concerns that investors may walk away from the most challenging loans in NPL pools, leaving vacant houses in neighborhoods and contributing to blight and decay.
  
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• Investors struggle in California’s competitive housing market

  14-04-2016 23:48
  
  As the California market continues to sizzle, investors struggle with the competition. On the up side, about 76% of Realtors working with investors believe property values will increase in the next year, and 71% said it would continue to increase even in five years.
  
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• Amalgamated Bank first to offer homebuyers down payment insurance

  14-04-2016 22:42
  
  ValueInsured teams up with Amalgamated Bank to offer homebuyers a safety net against market changes. This is the first major lender to offer the down payment insurance, launched back in October, to its mortgage customers
  
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• Can Crowdfunding Change Real Estate Investment? Portland Developers Trying to Find Out - Curbed

  14-04-2016 22:10
  
  Curbed
  Can Crowdfunding Change Real Estate Investment? Portland Developers Trying to Find Out
  Curbed
  There's a few things you should know about the Fair-Haired Dumbbell development in Portland. First, yes, that is its real name. A pair of six-story towers connected by a skybridge planned for a fast-developing, formerly industrial area of town called ...
  
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• FHFA principal reduction plan garners mixed reaction from housing industry

  14-04-2016 21:48
  
  It’s only been a short time since the Federal Housing Finance Agency shook up the housing industry by announcing that it plans to begin offering principal reductions to certain borrowers, but reactions from both sides are beginning to trickle in. Some in the housing industry love it, some believe that the FHFA's plan doesn't go far enough, while others are concerned that the program sets a "dangerous precedent."
  
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• Prospect becomes No. 1 in FHA 203(k) lending

  14-04-2016 21:12
  
  The company’s steady advancement gaining market share has placed it as the nation’s No. 1 lender. The company gives several reasons for success, but mostly credits its renovation financing.
  
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• Prospect becomes #1 in FHA 203(k) lending

  14-04-2016 21:12
  
  The company’s steady advancement gaining market share has placed it as the nation’s number one lender. The company gives several reasons for success, but mostly credits its renovation financing.
  
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• BC real estate: Can the public trust industry to govern itself? - CBC.ca

  14-04-2016 21:05
  
  CBC.ca
  BC real estate: Can the public trust industry to govern itself?
  CBC.ca
  Sometimes, real estate in B.C. feels more like the plot of an overloaded thriller than a regulated industry. Shadow flipping, predatory pricing, conflicts of interest: every day brings a new tale of realtor greed and depravity in a gold-plated market ...
  
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• Collateral Analytics appoints new SVP

  14-04-2016 20:58
  
  Collateral Analytics announced it appointed real estate data and analytics industry veteran Robert Walker to the role of senior vice president of customer retention and acquisition technologies.
  
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• FHFA makes it official: Principal reduction is coming

  14-04-2016 20:00
  
  A day that many in the housing industry thought would never come is finally and actually here, as the FHFA is making official – widespread principal reduction is coming. In what it is calling a "final crisis-era modification program," the FHFA announced Thursday that it will be launching a principal reduction program for some borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac. Click the headline to learn more.
  
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• Business briefs: Real estate hires and top producers - Greenville News

  14-04-2016 19:50
  
  Greenville News
  Business briefs: Real estate hires and top producers
  Greenville News
  Glenn Robert DeHollander has achieved Commonwealth Winners Circle status for 2016. DeHollander is an independent financial advisor with Commonwealth Financial Network and s certified financial planner with DeHollander & Janse Financial Group.and more »
  
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• Asia’s richest man building apartment skyrise in Chicago

  14-04-2016 19:50
  
  Asian billionaire Wang Jianlin is building Chicago’s priciest penthouse currently offered for $17.1 million, according to Bloomberg.
  
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• US commercial real estate prices take a dip in 2016 - The Real Deal Magazine

  14-04-2016 19:10
  
  US commercial real estate prices take a dip in 2016
  The Real Deal Magazine
  U.S. commercial real estate prices fell slightly in January and February driven by weakness in Manhattan, according to Real Capital Analytics data. The findings, along with a more pronounced drop in investment sales volume, are another warning sign ...and more »
  
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• Montreal has best start to real estate market in 4 years - Montreal Gazette

  14-04-2016 19:03
  
  Montreal Gazette
  Montreal has best start to real estate market in 4 years
  Montreal Gazette
  Greater Montreal's real estate market is off to the best start in four years, with the number of residential sales up 10 per cent in the first quarter. About 10,600 sales were concluded in the first three months of the year, with sales increasing in ...and more »
  
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• San Fran home prices fell? Wait, what?

  14-04-2016 19:01
  
  Tales of people renting out boxes abound from the chronicles of San Fran's recent struggles with housing. It's so bad, the housing situation actually has its own WIKIPEDIA page. So here's the shocker: Home prices in the San Francisco Bay Area actually FELL by 1.8%. Want to know why?
  
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• A New Wave in Real Estate Investment (Part Four) - Huffington Post

  14-04-2016 18:54
  
  Huffington Post
  A New Wave in Real Estate Investment (Part Four)
  Huffington Post
  Venture capital is pouring into real estate tech startups, and these have already raised $1.5 billion this year. Established tech providers are shortening the go-to-market time to keep up with the startups for fear of being left behind. Trinity ...and more »
  
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• Calgary's Commercial Real Estate Vacancies Are Going To Get Worse - Huffington Post Canada

  14-04-2016 18:34
  
  Calgary's Commercial Real Estate Vacancies Are Going To Get Worse
  Huffington Post Canada
  CALGARY — The hollowing out of Calgary's core has hit its highest level in more than 30 years and the situation in what was once the energy industry's thriving financial pulse is likely to worsen, a commercial real estate firm says. In a report ...and more »
  
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• Miami Beach real estate is melting down - CNBC

  14-04-2016 18:01
  
  CNBC
  Miami Beach real estate is melting down
  CNBC
  The Miami real estate slowdown is becoming a meltdown — with the most expensive areas getting hit hardest. The number of sales and prices in posh Miami Beach — home to many of the city's most expensive and highest-profile properties — fell during ...
  Yet More Evidence Miami's Real Estate Market is Slowing Down (Especially on the Beach)Miami New Times
  Behind Florida real estateYahoo Finance UKall 5 news articles »
  
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• Low interest rates plague Bank of America, Wells Fargo earnings

  14-04-2016 17:42
  Both banks, which recently failed the living wills test set by the FDIC, say their first-quarter profits fall as thy face “slumping oil prices, low interest rates and choppy financial markets,” writes Michael Corkery.
  
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• Real Estate Notebook: Buyers stepping forward at Gale Residences - Sun Sentinel

  14-04-2016 17:27
  
  Sun Sentinel
  Real Estate Notebook: Buyers stepping forward at Gale Residences
  Sun Sentinel
  The developer of Gale Residences Fort Lauderdale Beach says more than 60 percent of the 129 condominiums are under contract. Newgard Development Group is building the 12-story project at 2900 Riomar St., next to the former Escape hotel. The Gale ...
  
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• PrimeLending and Mutual of Omaha now hiring staff for new mortgage venture

  14-04-2016 17:02
  Mutual of Omaha Mortgage will begin recruiting for a wide-variety of positions within the next 45 to 60 days, according to a statement, and is expected to begin operations in the third quarter of 2016.
  
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• Mortgage interest rates fall to lowest level in nearly three years

  14-04-2016 16:55
  Mortgage interest rates continued their downward trend in the last week, falling again to the lowest level of the year and the lowest level in nearly three years, Freddie Mac’s latest Primary Mortgage Market Survey showed.
  
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• Real estate QA: No such thing as easy money with short-term rentals - Albuquerque Journal

  14-04-2016 16:53
  
  Real estate QA: No such thing as easy money with short-term rentals
  Albuquerque Journal
  Q: I just found out my tenant is listing our condo on one of those real estate websites for short-term rentals. I am concerned and don't want this to happen. What are my rights? — Sheryl. A: Airbnb and similar services are becoming increasingly popular.and more »
  
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• Private equity giant forms new real estate division in San Francisco - San Francisco Business Times (blog)

  14-04-2016 16:32
  San Francisco Business Times (blog)
  Private equity giant forms new real estate division in San Francisco
  San Francisco Business Times (blog)
  KKR & Co. LP (NYSE: KKR), one the world's largest private equity firms, has formed a new Western U.S. real estate division based in San Francisco. Featured Jobs. Q-cleared Engineering Positions, All disciplines. TEK Alliance Group · Commercial Lines ...
  
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• Optimism about the future at real estate finance forum - Charlotte Observer (blog)

  14-04-2016 14:56
  
  Charlotte Observer (blog)
  Optimism about the future at real estate finance forum
  Charlotte Observer (blog)
  Uptown construction brings new landscape: Crescent Stonewall Station will include a Whole Foods, 450 apartments, two hotels. T. Ortega Gaines [email protected]. i. Uptown construction brings new landscape: Crescent Stonewall Station will ...
  
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• What your money gets you in Greater Boston real estate - The Boston Globe

  14-04-2016 14:49
  
  The Boston Globe
  What your money gets you in Greater Boston real estate
  The Boston Globe
  Lawrence Drive in Lowell. > FOR $250,000 . . . 52 Lawrence Drive, Unit 605 / Lowell. LISTING PRICE $248,000. CONDO FEE $559.87 per month (includes utilities, air conditioning, exterior maintenance, trash and snow removal). Advertisement. SQUARE ...and more »
  
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• Deptford property sells for $4M | South Jersey real estate - NJ.com

  14-04-2016 13:33
  
  Deptford property sells for $4M | South Jersey real estate
  NJ.com
  Real-estate-sign.jpg South Jersey Times. BRIDGETON. — 407 N. Pearl St., Capital Finance Co. of Delaware Valley Inc. to Arlene F. Clark for $27,000. — 605 Buckshutem Road, Papa Luigi Pizza LLC to 25 S. Pearl LLC for $561,974.55. — 20 Ridge Ave.
  
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• The best Alabama city for real estate agents - AL.com

  14-04-2016 13:10
  
  AL.com
  The best Alabama city for real estate agents
  AL.com
  Let's say you're someone who is hoping to break into the real estate business in Alabama and you're wondering where to start. According to one ranking, the first thing you might want to do is move south. SmartAsset, a financial website, ranked the best ...
  
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• Vancouver real estate firm target of two probes as complaints keep coming - The Globe and Mail

  14-04-2016 12:49
  
  The Globe and Mail
  Vancouver real estate firm target of two probes as complaints keep coming
  The Globe and Mail
  A Vancouver-area real estate brokerage firm is now the focus of two investigations as more people come forward alleging they were treated poorly or deceived by New Coast Realty. The Globe and Mail has learned the Real Estate Board of Greater Vancouver ...
  NDP ask VPD for investigation into real estate firmCKNW News Talk 980all 4 news articles »
  
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• Is real estate the best way for a young family to build wealth? - The Globe and Mail

  14-04-2016 12:00
  
  The Globe and Mail
  Is real estate the best way for a young family to build wealth?
  The Globe and Mail
  Question from Roger, 33, of Toronto: Is real estate the best way for a family to build up wealth? We have children, age 4 and 2 in daycare, and a combined income of $125,000. We struggle to make ends meet every month and often our expenses go over our ...
  
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• Boston's luxury real estate: pricey and getting pricier - The Boston Globe

  14-04-2016 12:00
  
  The Boston Globe
  Boston's luxury real estate: pricey and getting pricier
  The Boston Globe
  The high end of Boston's housing market keeps going higher. Prices for luxury condos in the city hit records in the first three months of 2016, according to new numbers from real estate data firm LINK. Boston- 09/17/15 -A topping out ceremony was held ...
  
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• Chinese investment in Canadian real estate set to increase in 2016 - The Globe and Mail

  14-04-2016 10:50
  
  The Globe and Mail
  Chinese investment in Canadian real estate set to increase in 2016
  The Globe and Mail
  Chinese investors are getting hungrier for real estate in Canada, where foreign demand has fuelled record price gains and made million-dollar homes the norm in cities such as Vancouver. Inquiries for Canadian homes on Juwai.com, a property search ...and more »
  
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• India may attract $80 million PE investment in retail real estate, says JLL - Economic Times

  14-04-2016 10:30
  
  Hindu Business Line
  India may attract $80 million PE investment in retail real estate, says JLL
  Economic Times
  HYDERABAD: India is expected to attract $75-$80 million of private equity (PE) investment in the retail real estate sector in 2016, says property consultant JLL India. The foreign direct investment (FDI) inflow into retail trading has increased between ...
  $75-80 mn PE expected in retail real estate in 2016: ReportHindu Business Lineall 8 news articles »
  
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• Foreign Buyers of U.S. Real Estate: By the Numbers - National Real Estate Investor

  14-04-2016 09:52
  
  National Real Estate Investor
  Foreign Buyers of U.S. Real Estate: By the Numbers
  National Real Estate Investor
  It's no secret that foreign investors, from sovereign wealth funds to insurance groups, have been eager to park their money in U.S. commercial real estate lately. A new report from commercial real estate services firm Newmark Grubb Knight Frank breaks ...and more »
  
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• Here's why mortgage tech innovation must extend beyond point of sale

  14-04-2016 09:00
  
  “Providing transparency to an existing process that is inefficient and inconsistent after an well-organized and rapid initial approval experience will upset the borrower and likely result in negative comments and complaints," said Stan Pachura, former CIO of National MI.
  
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• A new real estate gallery is officially open - Bryan-College Station Eagle

  14-04-2016 07:05
  A new real estate gallery is officially open
  Bryan-College Station Eagle
  The 14,000-square-foot building at 4121 Texas 6, houses Cortiers Real Estate, Aggieland Title, Spring Insurance, Legacy Mutual Mortgage, GrantCaffey Construction and Black Box Coffee. Login required. We have used your information to see if you have a ...and more »
  
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• Foreclosures now lowest since housing crisis

  14-04-2016 06:01
  
  Although March may have seen an increase in foreclosure activity, for the quarter the numbers were still down. In fact, quarterly foreclosure activity is now at its lowest level since 2006, but still 25% higher than pre-crisis numbers.
  
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• Ultra-Luxury Sellers Are Slashing List Prices

  14-04-2016 00:00
  Home sellers of real estate’s priciest homes are getting more realistic with their list prices, real estate professionals say. 
  
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• Samuelson: I Didn’t Want Move to Know My Business

  14-04-2016 00:00
  Senior Zillow employee Errol Samuelson divulges details of documents he tried to hide from Move, which he says related to his personal life—...
  
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• Home Owners May Be Too Upbeat About Prices

  14-04-2016 00:00
  “It’s not always easy for home owners to keep their finger on the pulse of their equity,” says Quicken Loans’ chief...
  
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• Home Owners Breathe Easiest in These Places

  14-04-2016 00:00
  These locales don’t just have reasonable home prices; they also offer some of the best air quality in the nation. 
  
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• Buyers Offered Down Payment Insurance

  14-04-2016 00:00
  An insurer debuts a first-of-its kind down payment protection plan, offering insurance for a home owner’s home equity. 
  
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