Real estate news

• Study: Recent changes to reverse mortgage rules cut default risk in half

  15-07-2016 23:56
  
  A new study from the Center for Retirement Research at Boston College states that recent changes made to the rules governing reverse mortgages, specifically those that are part of the government's Home Equity Conversion Mortgages program, will dramatically cut the risk of default for borrowers.
  
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• Condo legislation passes in Senate, offers relief for homebuyers

  15-07-2016 23:34
  
  The Senate just unanimously passed a bill to help solve the affordability crisis. The bill passed by a unanimous vote in the House back in February, and now just awaits a signature to become law. The National Association of Realtors lobbied heavy for the reform and says the new condo legislation will provide home buyers with a more affordable option.
  
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• Bank regulator flashes warning light over commercial real estate - Crain's Chicago Business

  15-07-2016 23:01
  
  Bank regulator flashes warning light over commercial real estate
  Crain's Chicago Business
  A leading U.S. banking regulator wants lenders to do more to manage their exposure to commercial real estate. As property lending accelerates, the Office of the Comptroller of the Currency — which oversees American banks alongside the Federal Reserve ...and more »
  
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• CoreNet honors corporate real estate standouts - Real Estate Weekly

  15-07-2016 23:00
  Real Estate Weekly
  CoreNet honors corporate real estate standouts
  Real Estate Weekly
  CoreNet Global New York City Chapter (CoreNet NYC) has announced the winners of its annual awards for Corporate Real Estate Executive of the Year, Service Provider of the Year and Commercial Interior Projects of the Year. During the group's annual ...
  
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• Here's why the FHA's changes to non-performing loan sales are a universal win-win

  15-07-2016 22:55
  
  Recently, HUD announced important, valuable, and substantive changes to its Distressed Asset Stabilization Program, under which the FHA sells off deeply delinquent loans to private investors. The reforms will benefit homeowners, entire neighborhoods, and our economy as a whole – and have the potential to transform the way the private sector approaches the housing market. Here's why.
  
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• The Risk of Building on Real Estate Funds' Profitable Past - New York Times

  15-07-2016 22:00
  New York Times
  The Risk of Building on Real Estate Funds' Profitable Past
  New York Times
  A J.C. Penney store at the Queens Center Mall in New York. So-called fortress malls like Queens Center may be worth a second look for investors even amid the rise of online shopping. Credit Michael Nagle/Bloomberg. Past performance, we are repeatedly ...and more »
  
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• 'Box the Space Needle came in' is Seattle's biggest real estate deal this year - The Seattle Times

  15-07-2016 21:59
  
  The Seattle Times
  'Box the Space Needle came in' is Seattle's biggest real estate deal this year
  The Seattle Times
  1001 Fourth Avenue Plaza, at left, seen through the curves of “Three Piece Sculpture: Vertebrae 1968,” by Henry Moore. (Betty Udesen/The Seattle Times). The sales price is twice what the building sold for a decade ago.
  
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• Op-ed: 30-year mortgage may not be on the market much longer

  15-07-2016 21:24
  
  Is the end near for the 30-year fixed-rate mortgage? One expert thinks so. He says the 30-year fixed only exists thanks to a massive government subsidy. That comes in the form of the government-sponsored enterprises Fannie Mae and Freddie Mac.
  
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• Matt Lauer Looking For One More Real Estate Deal - 27east.com

  15-07-2016 21:09
  
  27east.com
  Matt Lauer Looking For One More Real Estate Deal
  27east.com
  Last Wednesday, Matt Lauer called in to Mike Lupica's podcast to refute the rumors that he was having an affair with fellow “Today Show” cast member Natalie Morales, claiming that such widely circulating reports were hurtful to his wife and children ...and more »
  
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• Commercial Real Estate Transactions: 7 sales, 10 leases - Dallas Morning News

  15-07-2016 21:08
  
  Commercial Real Estate Transactions: 7 sales, 10 leases
  Dallas Morning News
  <p></p><p>Investor J&H Texas LLC bought a 27,613-square-foot warehouse at 1380 N. Cockrell Hill in Dallas.</p>. By Steve Brown Follow @SteveBrownDMN [email protected]. Real Estate Editor. Published: 15 July 2016 02:08 PM. Updated: ...and more »
  
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• Judge orders ex-Delco real estate firm owner to pay $5M in restitution for bilking investors - Philadelphia Business Journal

  15-07-2016 20:35
  Philadelphia Business Journal
  Judge orders ex-Delco real estate firm owner to pay $5M in restitution for bilking investors
  Philadelphia Business Journal
  The owner of a former real estate firm was sentenced to one year in a halfway house and ordered to pay $5 million in restitution in federal court in Philadelphia for wire fraud and tax evasion offenses after bilking investors. Michael Goldner, 44, of ...
  
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• Empty real estate office gets new owner, historic makeover - Chicago Tribune

  15-07-2016 20:23
  
  Chicago Tribune
  Empty real estate office gets new owner, historic makeover
  Chicago Tribune
  A former real estate office at 601 Green Bay Road in Wilmette will become the new home of Mona Lisa Stone and Tile, whose owner is working with an architect to uncover historic brick facing and cast iron columns that were part of the building when it ...
  
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• U.S. Bancorp profits increase in Q2

  15-07-2016 20:21
  
  Bancorp just announced its earnings, and the results were better than analysts expected. In a time when banks are struggling to make a profit due to low interest rates, Bancorp came out on top.
  
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• Bloomberg blog: Frustrated homeowners look to Trump for leadership

  15-07-2016 19:22
  
  Whereas Trump may be getting votes from struggling homeowners in the Midwest region, is he getting the votes for the wrong reason? This is why those homeowners could be leaning towards Trump.
  
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• Mortgage lending on track for best year since 2013

  15-07-2016 19:15
  
  While a recent report from Fitch Ratings suggested that 2016 could be a rough year for mortgage servicers due to persistently low interest rates, those same interest rates could lead to a banner year for mortgage lenders. It's not just refinance applications that are trending up, actual first mortgage originations were up sharply in the first quarter — to a point that 2016 could be the best year for mortgage lending since 2013.
  
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• Homeowners use Pokémon Go to sell their home

  15-07-2016 18:39
  
  Pokémon Go rose rapidly in popularity in the U.S., to a point where now, homeowners are even using the game to sell their homes.
  
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• Real estate group looks to spruce up downtown - Norwalk Advocate

  15-07-2016 18:25
  
  Norwalk Advocate
  Real estate group looks to spruce up downtown
  Norwalk Advocate
  Jackie Lightfield, executive director of Stamford Partnership, poses next to weeds on Atlantic St. on Thursday, July 7, 2016. Lightfield is leading the charge to put together a plan with the city of Stamford and local propety owners to eliminate weeds ...
  
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• Recruiting sets stage for career in real estate - The Tennessean

  15-07-2016 18:03
  
  The Tennessean
  Recruiting sets stage for career in real estate
  The Tennessean
  Jessica Neal, Realtor. Goodall Homes. 393 Maple St., Ste. 100, Gallatin 37066. 615-448-8929. www.goodallhomes.com. Years in business: 33. Describe the company and explain what makes it unique. We are a company built on trust, values, relationships ...
  
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• People more concerned about economy after Brexit

  15-07-2016 17:36
  
  After Brexit, many consumers, especially in the top third of income earners, have a less optimistic view of the current economy. Many of these consumers, in fact, were impacted personally by the stocks dropping after the Brexit vote.
  
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• Civil rights panel hears real estate worries in Flint crisis - UpperMichigansSource.com

  15-07-2016 17:10
  
  UpperMichigansSource.com
  Civil rights panel hears real estate worries in Flint crisis
  UpperMichigansSource.com
  FLINT, Mich. (AP) Officials say they anticipate more foreclosures and abandonment of property in Flint because of the city's crisis with lead-tainted water. Lucille James of the Genesee County Land Bank told the Michigan Civil Rights Commission during ...and more »
  
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• What $1 million buys you in Santa Barbara County's real estate market - Los Angeles Times

  15-07-2016 17:01
  
  Los Angeles Times
  What $1 million buys you in Santa Barbara County's real estate market
  Los Angeles Times
  Justin Timberlake said in “The Social Network” that a million dollars isn't cool. Although $1 million doesn't go as far as it used to, it's still a nice chunk of change in some parts of the Southland real estate market. Here's a look at what that ...and more »
  
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• Citigroup earnings outperform analysts’ predictions

  15-07-2016 16:44
  
  While revenues are down from last year, the company’s earnings still came in higher than experts predicted. Company CEO: These results demonstrate our ability to generate solid earnings in a challenging and volatile environment.
  
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• DC Narratives: The Real Estate Market, According to a U Street Realtor - Curbed DC

  15-07-2016 15:52
  
  Curbed DC
  DC Narratives: The Real Estate Market, According to a U Street Realtor
  Curbed DC
  Koki Adasi, a U Street resident, has lived in the D.C. Metro area for most of his life. He works as Team Leader/Broker Associate for Koki & Associates at D.C.'s Long & Foster and was named one of the 30 most talented, up-and-coming realtors in the U.S ...
  
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• Wells Fargo earnings in line with expectations

  15-07-2016 15:46
  
  Wells Fargo earnings came in in-line with Capital IQ Consensus at $1.01 per share. Revenue rose by 4% from last year. The company's second quarter results demonstrated ability to generate consistent performance during periods of economic, capital markets and interest rate uncertainty.
  
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• After Brexit, London's Real Estate Bubbles Are Collapsing - Breitbart News

  15-07-2016 15:44
  
  Breitbart News
  After Brexit, London's Real Estate Bubbles Are Collapsing
  Breitbart News
  According to anecdotal evidence collected in a survey by the Royal Institution of Chartered Surveyors (RICS), the residential real estate market in the UK, especially in London, is crashing. The findings have to be viewed with caution, since prices ...and more »
  
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• The Death of Golf: High-end real estate still dependent on lots on greens, fairways - Phoenix Business Journal

  15-07-2016 12:15
  Phoenix Business Journal
  The Death of Golf: High-end real estate still dependent on lots on greens, fairways
  Phoenix Business Journal
  What goes better with a ski chateau in Aspen, Colorado, and a beach-front retreat in the Caribbean, Cabo or California, than a winter golf escape in Scottsdale or Paradise Valley? Subscribe to get the full story. Already a subscriber? Sign in ...and more »
  
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• Federal court tosses challenge to CFPB Director Cordray's recess appointment

  15-07-2016 00:30
  
  A federal judge tossed out part of a lawsuit that challenged the makeup, leadership structure and authority of the Consumer Financial Protection Bureau, finding that the Obama Administration was within its allowable rights when it named Richard Cordray as the CFPB’s director while Congress was in recess.
  
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• Win for REALTORS®: Senate OK’s Condo Legislation

  15-07-2016 00:00
  NAR calls the legislation a significant step toward eliminating barriers to safe, affordable mortgage credit for condos. 
  
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• When Presenting, You Could Be Funnier

  15-07-2016 00:00
  Improve your likability by infusing more humor into your talks. 
  
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• What Moms Want in a House

  15-07-2016 00:00
  Real estate professionals say they are increasingly hearing about these must-have features for clients with young kids.
  
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• Real Estate Firms Merge to Form New Giant

  15-07-2016 00:00
  The RealtyUSA and Hanna Real Estate Services merger will create the third largest residential real estate company in the country. 
  
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• Mortgage Rates Stay Near Record Low

  15-07-2016 00:00
  Mortgage rates are likely to remain low throughout the summer, Freddie Mac reports. 
  
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