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February 22, 2012 at 10:44 pm By JD Venture Capital Leave a Comment
At a time when luxury homes are making up an increasingly large share of foreclosures, an unexpected number of high-end owners in and near Beverly Hills are demanding—and in some cases getting—millions more for properties they've recently bought. … [Read More...]
February 22, 2012 at 4:28 pm By JD Venture Capital Leave a Comment
Bloomberg News Signs outside of a foreclosed home in Greensboro, N.C., in February. The National Association of Realtors took a public shot at the Obama administration on Wednesday, criticizing an effort to alleviate some the housing market’s woes by renting out foreclosed … [Read More...]
February 22, 2012 at 4:07 pm By JD Venture Capital Leave a Comment
Yesterday marked the first time since late January that Best-Execution Mortgages Rates stood at 4.0% on average, as opposed to what had been the prevailing average of 3.875%. Rates improved today for most lenders, several of whom once again are offering 3.875% as a "best-execution rate" … [Read More...]
February 22, 2012 at 3:40 pm By JD Venture Capital Leave a Comment
In the February Economic Outlook from Freddie Mac's Office of the Chief Economist is projecting a slow, steady path to recovery as the economy, it says, continues to build on the momentum it displayed at the end of last year. The report cites 243,000 new jobs in January, an … [Read More...]
February 22, 2012 at 2:47 pm By JD Venture Capital Leave a Comment
Yesterday the Federal Housing Finance Agency (FHFA) issued to Congress its Strategic Plan for Fannie Mae and Freddie Mac Conservatorships. Acting Director DeMarco and FHFA staff are to be soundly commended for their work in developing and publishing the Plan. The Plan is equally thoughtful … [Read More...]
February 22, 2012 at 1:36 pm By JD Venture Capital Leave a Comment
Since 2009, six of the largest U.S. mall owners have forfeited 20 struggling malls to their lenders or sold them under pressure from those lenders, according to Green Street Advisors Inc. Lakeforest Mall in Gaithersberg, Md., might soon be added to that list. Simon Property Group Inc., … [Read More...]
February 22, 2012 at 1:16 pm By JD Venture Capital Leave a Comment
EdR A rendering Education Realty Trust’s planned dorm at the University of Kentucky. The University of Kentucky took a major first step Tuesday in its closely watched effort to transfer campus dorms to a private company. The university’s Board of Trustees agreed to move forward … [Read More...]
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