Real Estate Industry News

Featured News


Congressional punt leaves tax breaks for loan mods in limbo

by:   December 20, 2013

mouse-trap-money   A law offering homeowners a tax break when a portion of their mortgage debt is forgiven through a loan modification, short sale or foreclosure is about to expire, leaving thousands of homeowners in limbo. The U.S. Senate failed to pass legislation designed to extend the Mortgage Debt Relief Act -- a [...] Read more...
Are we in a housing bubble? Not even close, experts say

by:   September 23, 2013

housingbubble1 Soft home prices equal a healthier market   Christina Mlynski September 23, 2013 12:01AM   While some borrowers might pull out of the housing market at the sight of the the slowdown in home prices, market experts are cautioning consumers not to slam on the housing brakes just yet. Home prices only [...] Read more...
States divert foreclosure prevention money to demolitions

by:   September 5, 2013

detroit demo house1        by Kate Davidson Marketplace for Tuesday, September 3, 2013 The Treasury Department has changed the rules on the Hardest Hit Fund, a program meant to help people hit by the housing crisis stay in their homes, allowing states to use some money from the $7.6 billion foreclosure prevention program to demolish [...] Read more...
5 Tips to Help You Save for a Down Payment

by:   August 29, 2013

Piggy-bank-house-cash-0d595f-300×199   Benjamin Feldman of ReadyForZero.com. So you can’t wait to buy a house. You’ve already scoped out the neighborhood where you want to live, and you’re starting to imagine yourself settling into a brand new home. But there’s one problem: You don’t have enough money for a down payment. But don’t [...] Read more...
Underwater homeowners become a smaller slice of the pie

by:   

UnderwaterMortgage   More than 1.96 million homeowners to be freed by next year Even as home values continue to recover, millions of homeowners remain so far underwater that it will take years for them to regain equity in their properties. However, the latest data from Zillow (Z) reveals that underwater borrowers are becoming a smaller and [...] Read more...

Latest News

6252565822_2f3e55d077_o

Location: Washington, D.C. Price: $6.9 million This Hacienda-style house might look like something out of the   Spanish countryside, but it actually sits next to the vice president’s mansion on the grounds of the Naval Observatory in Washington, D.C. The $6.9 million mansion hit the market back in April — when our colleagues at Curbed DC took a look — […]

Read more...

The historic Stuyvesant Town-Peter Cooper Village apartment development in Manhattan remains the subject of much debate as sparring firms try to pull the property out of default and allocate more homeownership power to residents. As HousingWire reported, Stuyvesant Town-Peter Cooper Village Tenants Association and Brookfield Asset Management reached a deal in which the asset management firm agreed it would […]

Read more...

One of the most prolific investors in Phoenix-area apartment properties this year said it plans to spend $100 million on real-estate acquisitions in five Western states with a likely focus on the Phoenix area in 2012. BH Properties LLC, a Los Angeles-based real-estate investment firm, has spent about $40 million this year to acquire six commercial properties […]

Read more...

Investor interest in warehouse distribution-center properties in the Phoenix area continues to defy both the recession and the otherwise dismal real-estate market, with the closing of a $33.3 million sale on Monday in west Phoenix, brokers involved in the deal said. The joint sale of two massive warehouses in Phoenix totaling about 640,000 square feet […]

Read more...

Nishu Sood, director of Wall Street’s Deutsche Bank Securities, used the term “revulsion” to describe the current phase of metro Phoenix’s housing market. “Revulsion,” as in many people are averse to the very product that got the nation in trouble in the first place. Sood was the lead speaker at the Scottsdale-based Land Advisors’ third […]

Read more...