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Articles Tagged ‘Residential Real Estate’

Comments Off on Home Builders Breakneck Pace Fastest in 4 Years

Home Builders Breakneck Pace Fastest in 4 Years

The United States Commerce Department said in January that the pace at which home builders broke ground for new homes in December of 2012 was its fastest in more than four years, surging 12.1 percent to a 954,000-unit yearly rate. The report gave much of the credit for this meteoric rise to December’s multifamily [...]
Comments Off on Signs Point to Continued Housing Recovery

Signs Point to Continued Housing Recovery

Mortgage applications continued to creep ever higher in January. If individual buyers keep on outnumbering investors, thereby dominating residential real estate sales, the U.S. stands an excellent chance of seeing a sustainable housing recovery. Investors armed with cash have largely driven the recovery of the U.S. housing market to date, but a few signs [...]
Comments Off on Opinion: City of Angels’ Housing in Crisis

Opinion: City of Angels’ Housing in Crisis

The next mayor of Los Angeles must take action to address the residential real estate market crisis. The city’s future depends on it, according to Raphael Bostic, from USC’s Bedrosian Center on Governance, and Tony Salazar, from McCormack Baron Salazar. In an Op-Ed Monday in the L.A. Times, Bostic and Salazar say Los Angeles, [...]
Comments Off on U.S. Housing Market Primed for Growth in 2013

U.S. Housing Market Primed for Growth in 2013

The housing rebound is ricocheting into other markets in the U.S. economy, and shows signs that this growth spurt will likely continue through 2013 and beyond, Bloomberg reported Monday. Climbing home prices are causing household wealth to rise, increasing the purchasing power of consumers. Declining mortgage delinquencies and foreclosures are supporting bank balance sheets, [...]
Comments Off on Multifamily Sector Staying Steady, Strong

Multifamily Sector Staying Steady, Strong

The recent housing crisis and the broader economic climate have led to a strong multifamily real estate market nationwide. DSNews.com reported on Friday that the U.S. can expect at least one more year of expansion in the multifamily housing market, referencing a recent National Apartment Report that said, “the alignment of powerful demographic [...]
Comments Off on 2012 Banner Year for CA’s Prestige Market

2012 Banner Year for CA’s Prestige Market

The number of homes that sold for $5 million or more in California reached record highs in 2012, the Santa Cruz Sentinel reported Wednesday. Nearly 700 homes sold for more than $5 million in 2012, up from the previous record of 491 in 2011, according to the Sentinel. The Golden State also hit sales records [...]
Comments Off on Nasty Neighbors Can Negatively Impact Property Values

Nasty Neighbors Can Negatively Impact Property Values

A bad neighbor can bring down the value of a home, possibly by even up to 10 percent, according to the Appraisal Institute, the nation’s largest professional association of real estate appraisers. It cautioned residential real estate owners and potential homebuyers that these needling neighborhood nasties routinely reduce nearby property values significantly. Homeowners with [...]
Comments Off on FHA Jacks Up Price on Government-Insured Mortgages

FHA Jacks Up Price on Government-Insured Mortgages

The Federal Housing Administration (FHA), the largest low-down payment mortgage insurer, announced Wednesday that it’s raising premiums by 0.1 percent, or 10 basis points, on the majority of the new mortgages it insures. For example, a home buyer selecting a 30-year, fixed-rate mortgage and putting at least 5 percent down are going to pay [...]
Comments Off on Home Builders Breakneck Pace Fastest in 4 Years

Home Builders Breakneck Pace Fastest in 4 Years

The United States Commerce Department said in January that the pace at which home builders broke ground for new homes in December of 2012 was its fastest in more than four years, surging 12.1 percent to a 954,000-unit yearly rate. The report gave much of the credit for this meteoric rise to December’s multifamily [...]
Comments Off on Ellie Mae Offers 2012 Mortgage Insight

Ellie Mae Offers 2012 Mortgage Insight

For quite some time now, economists, and self-proclaimed real estate and housing experts have drilled into our heads just how hard it is to earn the stamp of approval on a mortgage these days. Among the various reasons they typically give for this phenomenon, the one that makes the most sense, and is [...]