Real estate news

• HGTV Real Estate Stars Find Yet Another Home In Print : NPR - NPR

  28-12-2016 23:42
  
  NPR
  HGTV Real Estate Stars Find Yet Another Home In Print : NPR
  NPR
  You might think the secrets to HGTV stardom lie in real estate savvy or creative design. But for shows like Fixer Upper and Property Brothers, it's that hard-to-find ...and more »
  
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• Market Feels Effects of Rising Rates, Pending Home Sales Pull Back

  28-12-2016 22:05
  
  The housing market is feeling the effects of rising mortgage rates, with pending home sales pulling back to year-lows last month as homebuyers struggled to put purchases in play, according to the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, dipped 2.5 percent to 107.3 in November, down from 110.0 in October.
  “The budget of many prospective buyers last month was dealt an abrupt hit by the qu
  
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• Home Sales Rocket to Second Highest Point Since 2008

  28-12-2016 22:03
  
  In November, sales of new homes hit their second highest peak since 2008, according to data released by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). While these numbers have been fickle month-to-month, this is a hopeful sign of a surge in demand for the new year to come.
  November’s new single-family house numbers came in at a seasonally adjusted annual rate of 592,000. This number is 5.2 percent above the October rate, and 16.5 percent above Novemb
  
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• United Shore lands on DOJ hit list, will pay $48m for FHA lending violations

  28-12-2016 21:44
  
  United Shore Financial Services will pay $48 million to settle allegations brought by the Department of Justice, which accused United Shore of violating the False Claims Act by “knowingly originating and underwriting” mortgages that did not meet Federal Housing Administration standards, the DOJ announced Wednesday. The settlement makes United Shore just the latest in a long line of mortgage lenders that settled with the DOJ over alleged FHA lending violations. Click the headline to r
  
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• Airbnb limits long-term housing options and tenants start to fight back

  28-12-2016 19:57
  
  As more investors and landlords move to list houses and apartments on short-term rental websites, like Airbnb, rather than seek long-term renters, a fight is emerging over the impact of this shift on renters. A new report shows just how contentious the fight over Airbnb is becoming in certain expensive markets, such as San Francisco.
  
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• What happened to all that mortgage settlement money?

  28-12-2016 18:15
  
  While the headlines don’t show up quite as often as they once did, it still seems like that every few weeks another bank is settling with the federal government (or other parties) over the mortgage misdeeds of the past. Each of those settlements checks in the multi-billion dollar range, but what happens to the settlement money after the banks pay up?
  
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• Credit Suisse reaches RMBS settlement from 2007 housing boom

  28-12-2016 17:40
  
  This settlement releases Credit Suisse from potential civil claims by the DOJ related to its securitization, underwriting and issuance of RMBS, according to a release on its investor relations website.
  
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• NAR begins search for new CEO

  28-12-2016 17:27
  
  A “diverse member search committee” will work with with Heidrick & Struggles, a provider of executive search, leadership consulting and culture shaping worldwide, to recruit candidates for the CEO position, the trade group said in an email. They begin their search immediately.
  
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• New York just required beefed up cybersecurity measures at banks and insurers

  28-12-2016 17:13
  
  The new measures require banks, insurance companies, and other financial services institutions regulated by DFS to establish and maintain a cybersecurity program. All seven steps of a new "incidence response plan" need to be in place by March 1.
  
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• Rising interest rates already slowing home sales

  28-12-2016 17:06
  
  Recent reports showed the impact of the post-election rise in mortgage interest rates on borrowers looking to refinance, with higher interest rates shrinking the pool of borrowers who have incentive to refinance. Now, the housing industry is getting its first look at how higher interest rates may also affect the purchase market, as a new report from the National Association of Realtors shows that pending home sales slowed in November to the lowest level since January.
  
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• Deutsche Bank massive RMBS penalty gets cut in half

  28-12-2016 16:48
  
  Under the terms of the settlement agreement, Deutsche Bank agreed to pay a civil monetary penalty of $3.1 billion and to provide $4.1 billion in relief to American homeowners. Deutsche Bank initially fought the larger charge of $14 billion; the latest figure puts the penalty in the $7 billion range.
  
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• Real estate industry freaked out by Republican tax reform plan - The Real Deal Magazine

  28-12-2016 16:30
  
  Real estate industry freaked out by Republican tax reform plan
  The Real Deal Magazine
  Some real estate insiders are worried a Republican overhaul of the tax system could damage the industry. In June, Republican federal lawmakers proposed a tax reform, and lobbyists told the Wall Street Journal that it stands a decent chance of passing ...
  
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• Real Estate Pioneer Zillow Enters the Land of Rising Interest Rates - Motley Fool

  28-12-2016 16:11
  
  Motley Fool
  Real Estate Pioneer Zillow Enters the Land of Rising Interest Rates
  Motley Fool
  Zillow Group (NASDAQ:Z)(NASDAQ:ZG) is the largest internet-based real estate marketplace business in the United States. It went public in July of 2011, and for the first time in its public history, will now face a rising-interest rate environment. Let ...and more »
  
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• The top 20 commercial real estate deals of the year - Louisville Business First

  28-12-2016 16:09
  Louisville Business First
  The top 20 commercial real estate deals of the year
  Louisville Business First
  As has become custom around here, we're counting down the largest commercial real estate deals of 2016, which we compiled from Jefferson County deed data for the calendar year through mid-December. Rank: 20 Address: 6001 Cane Run Road Seller: ...
  
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• Real Estate Is Eurozone Bright Spot Despite Politics - TheStreet.com

  28-12-2016 15:00
  
  TheStreet.com
  Real Estate Is Eurozone Bright Spot Despite Politics
  TheStreet.com
  Politics aside, there is one area in the eurozone that still may offer opportunities for investors: real estate, both residential and commercial. House prices have been slowly rising almost everywhere in the single currency area, helping the countries ...
  
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• Why Detroit Real Estate Recovery Is Illusion - Yahoo Sports

  28-12-2016 14:57
  Why Detroit Real Estate Recovery Is Illusion
  Yahoo Sports
  Detroit's real estate market has begun a recovery. According to S&P Case Shiller, Detroit home prices rose 6.4% between October 2015 and October 2016. However, a close look at the index shows that Detroit home prices are barely higher than in 2000.and more »
  
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• WATCH: TRD's reporters on the biggest real estate stories of 2016 - The Real Deal Magazine

  28-12-2016 13:01
  
  WATCH: TRD's reporters on the biggest real estate stories of 2016
  The Real Deal Magazine
  The beauty of covering real estate in New York is that we're never simply writing about buildings: Being a real estate reporter for The Real Deal means being some curious hybrid of political junkie, stats wonk, private eye, celebrity sleuth, and social ...
  
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• As Election Cloud Lifts, Real-Estate Brokers See Brighter Times - Wall Street Journal

  28-12-2016 13:00
  
  Wall Street Journal
  As Election Cloud Lifts, Real-Estate Brokers See Brighter Times
  Wall Street Journal
  The uncertainty created by a polarizing national election cut into New York real-estate sales in 2016. But now that the campaign season is over, brokers expect sales to pick up. Wealthy buyers in New York often delay discretionary purchases until they ...
  
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• Prominent Real Estate Investor, Asher Zamir, Founder, Zamir Equities, Reaches Settlement Agreement in Manhattan ... - Business Wire (press release)

  28-12-2016 12:00
  
  Prominent Real Estate Investor, Asher Zamir, Founder, Zamir Equities, Reaches Settlement Agreement in Manhattan ...
  Business Wire (press release)
  NEW YORK--(BUSINESS WIRE)--In Manhattan Supreme Court, after a four-year legal battle, prominent New York City philanthropist and real estate investor, Asher Zamir, founder and chairman, Zamir Equities; and former investment partner, Elyass ...and more »
  
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• Real Estate Transfer s - Carroll County Comet

  28-12-2016 11:06
  Real Estate Transfer s
  Carroll County Comet
  Donna M. Zinn to Terry-D Inc., warranty deed. Wesley Cable and Sarah Cable to Hazel E. Schenck, quit claim. Charles M. Bordner and Charles Bordner to Anne E. Hodson and Charles D. Hodson life estate, warranty deed. Carol L. Parsley to Matthew A.
  
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• Latest trend in Fort Lauderdale preconstruction sales: combining condo units - Miami Herald

  28-12-2016 07:07
  
  Latest trend in Fort Lauderdale preconstruction sales: combining condo units
  Miami Herald
  What's bigger and more affordable than a penthouse and allows a buyer to flex his creative muscle? The answer: a residence that combines multiple units in one. The latest trend in preconstruction sales is popping up along the shores of Fort Lauderdale, ...
  
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• Region's real estate agents optimistic - Wicked Local Shrewsbury

  28-12-2016 07:01
  
  Region's real estate agents optimistic
  Wicked Local Shrewsbury
  Local real estate agents are optimistic an increased number of buyers will be looking for homes in the coming months, but there may not be enough houses on the market to meet demand. "Sales have been brisk," said Paul Yorkis of Patriot Real Estate in ...and more »
  
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• Co-working space is a hot trend in Downtown real estate market - Pittsburgh Post-Gazette

  28-12-2016 06:02
  
  Pittsburgh Post-Gazette
  Co-working space is a hot trend in Downtown real estate market
  Pittsburgh Post-Gazette
  Tech startups and entrepreneurial initiatives being created by graduates from Carnegie Mellon University and the University of Pittsburgh are said to be spurring the demand for co-working space Downtown. By Mark Belko / Pittsburgh Post-Gazette. Amid ...
  
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• Here are the top real estate deals of 2016 - New York Post

  28-12-2016 04:38
  
  Here are the top real estate deals of 2016
  New York Post
  Excitement has not been lacking in an industry that was topped by a local executive and prince of the city — who became the president-elect. Just one year ago, I bestowed a Golden Brick on Donald J. Trump that read: “Guts & glory: Donald Trump for ...
  
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• Compensation presents problem for non-realtor handling real estate - The Glen Rose Reporter

  28-12-2016 02:00
  
  The Glen Rose Reporter
  Compensation presents problem for non-realtor handling real estate
  The Glen Rose Reporter
  For many years before his retirement, Brent Underwood, a high school history teacher, supplemented his income by purchasing residential properties, renovating them during the summer months and then renting them. Following retirement, Brent added to his ...
  
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• Real Estate Roundup: A bowling building sells and big loans close - Portland Business Journal

  28-12-2016 01:57
  Portland Business Journal
  Real Estate Roundup: A bowling building sells and big loans close
  Portland Business Journal
  Here's a look at some of the latest office leases and real estate financial closings submitted to Real Estate Roundup, the Business Journal's database of commercial real estate transactions. You can view more deals in the database or submit ...and more »
  
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• New York boosts community redevelopment program

  28-12-2016 00:21
  
  New York Gov. Andrew Cuomo announced Tuesday that the state plans to provide $8 million for the construction, rehabilitation, or repair of nearly 300 homes as part of New York’s Homes and Community Renewal Affordable Home Ownership Development Program.
  
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• Survey: Higher Rates Don't Scare Buyers

  28-12-2016 00:00
  Here's how consumers say increasing mortgage rates are affecting their home search.
  
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• Search Underway for New NAR Leader

  28-12-2016 00:00
  National Association of REALTORS® CEO Dale Stinton has announced his retirement next year after 36 years of service to the organization in...
  
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• Lead Poisoning Linked to Seller-Financed Deals

  28-12-2016 00:00
  Lead paint in aging and poorly maintained homes remains one of the largest sources of lead poisoning, and the growth of seller-financed housing...
  
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• HGTV's 'Fixer Upper' Sparks Buyer Rush

  28-12-2016 00:00
  The popular show is credited with revitalizing the housing market in Waco, Texas.
  
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• Consumer confidence hits highest level since 2001

  28-12-2016 00:00
  
  Consumers are feeling more upbeat about America’s economic outlook than at any time in the last 13 years. And President-elect Donald Trump is a big reason behind that rise, helping push consumer confidence to the highest level since August 2001.
  
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• 10 States With Best Economic Prospects

  28-12-2016 00:00
  These states are poised to have the healthiest economies — and the strongest housing markets — in 2017.
  
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