The number of home owners who find “strategic default” socially acceptable is growing in most states. Last year, 27 percent of foreclosed home owners say they strategically defaulted on their mortgage. Strategic default is when a home owner is financially able to make their mortgage payments but decides to stop, usually because the property is underwater. For those who decided to walk away f...
By 2039, commercial real estate is expected to be thriving. But over
the next 25 years, it will be greatly influenced by changes in
demographics, technology, globalization, and economic and environmental
realities, according to CNBC.
Commercial practitioners gave CNBC several “bold” predictions for the U.S. commercial real estate sector by 2039:
The fading away of shopping mal...
Vacation home sales rose strongly in 2013, while investment purchases
fell below the elevated levels seen in the previous two years,
according to the National Association of REALTORS®.NAR’s 2014 Investment and Vacation Home Buyers Survey,
covering existing- and new-home transactions in 2013, shows
vacation-home sales jumped 29.7 percent to an estimated 717,000 last
year from 553,000 in 2...
An old Levi Strauss jeans factory at 1359 Lomaland is being redeveloped by new owners. The
95,000-sf property on 14 acres is in the midst of a multimillion-dollar
remake by Heritage Group and Cooper Companies. About half of the
property has already been renovated and has tenants. A call
center for Apogee Retail, the operating company of the Savers family of
thrift stores, is already hous...
unexpected increase in producer prices, the past week was highlighted by
concern over persistently low inflation. Minutes of a Federal Reserve
committee meeting showed that policymakers are leery of continued low
prices, which they believe suggests a slowdown in global economic
Federal Reserve officials expressed concern over this continued low
inflation, a situatio...
If and when Congress shuts down Fannie Mae and Freddie Mac, borrowers likely
will end up paying slightly higher mortgage rates. Proposed House and
Senate bills would wind down the two firms over five years and scale
back the government intervention in guaranteeing mortgage securities.The House GOP bill would virtually privatize the mortgage market,
while the Senate's bipartisan plan ...
As housing values rise, home-equity loans and lines of credit are staging a comeback, MSN Money reports.
In late 2008 as the housing market slowed dramatically, home-equity
borrowing came to nearly a standstill as lenders became cautious because
values were falling so quickly. By late 2011, nearly a third of U.S.
homes with mortgages owed more on their loan than their house was
This is the time to move forward on reform of the secondary mortgage
market and finally settle the issue to “bring stability to this market,
which is critical,” explained Steve Brown, president of the National
Association of REALTORS®, following a recent roundtable discussion on GSE
reform at the White House.Brown was among several real estate and mortgage industry leaders who
A study by housing analysis firm RealtyTrac finds that over 300,000 “zombie” homes—properties where home
owners receive foreclosure notices and move out, leaving the home vacant
and deteriorating—exist in the U.S.
The state with the highest number of “zombie” properties is Florida, according to data by
RealtyTrac, in their analysis of “zombie” properties. Illinois
ranks second in“zombie” ...
Although U.S. foreclosure activity may be declining, the problem is far from over. There have been 5 million foreclosures since 2007, reports the Center for Responsible Lending, which estimates that between 3 million and 5 million more will occur over the next couple of years.In 2003, one in 38 U.S. home owners were seriously delinquent on their mortgage payments or in foreclosure, but today those...
Shadow Inventories Are Quickly Vanishing, Report Says
Daily Real Estate News Friday, April 04, 2014
For the past three years, the shadow inventory has declined year-over-year and posted double-digit declines for the past 16 consecutive months as the housing market continues to heal, Anand Nallathambi, president and CEO of CoreLogic, says in the company’s February 2014 Nati...
The home ownership rate among college graduates is less than non-grads for the first time on record, according to the New York Federal Reserve.
College graduates are facing increasing obstacles to home ownership, mostly due to high debt levels and weak job prospects. The delay in Millennials entering into home ownership could be a drag on the housing industry for years to come, CNNMoney rep...
Cash buyers take advantage of bargain housing prices. These buyers may also put consumers who need financing at a disadvantage. Sellers often prefer cash deals because it can mean faster closings and transactions that are less likely to fall through. Some sellers are even accepting lower offers because they are from cash buyers than higher offers from a financing buyer just because they view ...
To help you Find The Right Home at the right price, in The Woodlands or
Houston Texas and surrounding areas, and learn more about them. Garrett
McWhorter has put together a website with tons of information and navigational
systems to search MLS and HAR Listings. Simply click one of the links in
www.buyorsellthewoodlands.com to find out more information about The Woodlands,
Houston or Sur...