Category: Real Estate
Luxury Real Estate booms in San Antonio Texas
Thanks to wealthy Mexicans and Eagle Ford Shale millionaires helping drive the market for expensive homes, luxury real estate in San Antonio appears to be outperforming the rest of the housing market. Custom builders are starting more million-dollar spec homes, those built on speculation before a buyer is in hand. And even within luxury neighborhoods, [...]
Fannie Mae to sell $2 billion bills on Wednesday
Fannie Mae (FNMA) , the largest U.S. home funding company, said on Monday it plans to sell $2 billion bills on Wednesday, Oct. 19, in a Dutch auction. The auction will include $1 billion of three-month benchmark bills due Jan. 18, 2012, and $1 billion of six-month bills due April 18, 2012. In such uniform [...]
Mortgage help for unemployed disappears
The federal government can’t even give money away to help the unemployed pay their mortgage. A $1 billion program to assist the jobless will likely end up spending only half the funds, at most, because so few people met the strict criteria. The Housing Department, which had to approve the applications for the Emergency Homeowners’ [...]
Mortgages Getting Tough to Finance
Starting Saturday, the beleaguered housing market will confront the latest hurdle to its recovery: The size of mortgages that the federal government can back will be drastically reduced in high-priced regions. When the bubble burst, mortgage banks had virtually stopped lending, except for government backed mortgages, which were capped at $417,000. Buyers of high-priced homes, [...]
Freddie Mac’s Loan Review Process Criticized In a New Report
Things are not looking good for Freddie Mac as a new report says that the federal government’s mortgage finance regulatory agency did a poor job of making sure taxpayers got top dollar in selling $2.87 billion in bad mortgages back to Bank of America last year. The report focused on the role of the Federal [...]
Seattle Real Estate Prices Dropped 6.4% So Far in 2011
Home prices in Seattle increased 0.7 percent from May to June, but that was less than the national average of a 1.1 percent increase. The monthly Standard & Poor’s Case Shiller Home Price Indices survey indicated that out of the 20 largest U.S. markets, 19 saw increases from May to June. (Portland was flat.) For [...]
MIG Real Estate Acquires Jackson, WY Point Inn & Suites Hotel
MIG Real Estate, a Newport Beach, Calif.-based real estate investment company formerly known as Stoneridge Capital Partners, has acquired the 90-room Point Inn & Suites Hotel in Jackson, Wyoming, the firm’s fifth hotel acquisition within the last 18 months. MIG purchased the property from an undisclosed seller and retained Hospitality Management Advisors, Inc., of Memphis, [...]
Market Leader Buys RealEstate.com For $8.25 Million
Market Leader, a NASDAQ-listed provider of online marketing and technology solutions for real estate professionals, this morning announced the acquisition of RealEstate.com. Financial terms of the acquisition were not disclosed, but the agreement includes the RealEstate.com domain name and website, as well as a network of more than 250 participating brokerage companies and “hundreds of [...]
Rates
