Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top… Continue reading Top 10 Real Estate College Towns
Category: District Of Columbia
District Of Columbia housing market
Appraisal Reform Calls Grow
By Ryan Jackson Despite calls for sweeping reform of appraisal standards and new requirements that have already been implemented, calls for greater appraisal reforms persist. As Congress takes up the next stages of financial reform appraisers are under going greater scrutiny. Accurate appraisals are fundamental to the successful performance of the financial markets that provide… Continue reading Appraisal Reform Calls Grow
All Cash Sales Slowly Slip
By Mike Colpitts All cash sales of homes, which accounted for one in three transactions just a year ago are slowly slipping as home shoppers searching for bargain priced properties run low on cash. The slip in cash sales sent closed transactions in May to account for just 28% of home sales, according to the… Continue reading All Cash Sales Slowly Slip
FDIC Bank Failures Decline
By Mike Colpitts Only 24 U.S. banks have failed so far and had to be closed by the Federal Deposit Insurance Corporation this year, the largest decline since the financial crisis started in 2008. The FDIC attributed the lower number of bank takeovers to an improving economy and an unwinding of bad mortgage debt. “This… Continue reading FDIC Bank Failures Decline
Hostage Taker Triggers Latest Real Estate Office Violence
By Mike Colpitts A man who violently shot up a real estate office in Valparaiso, Indiana threatening to shoot employees last week before taking his own life, is only the latest hostage taker to blame real estate agents or bank employees for financial problems. A series of separate violent out-breaks across the U.S. over the… Continue reading Hostage Taker Triggers Latest Real Estate Office Violence
Recovery Pushes Foreclosures Lower 3 Months
By Mike Colpitts In a sign the U.S. housing market is on the road to recovery, foreclosures dropped for the third month in a row in April, despite a traceable increase in repossessions along the eastern U.S. coast. Initial notices of default were filed against 188,780 residential properties, the lowest since July 2007. Final bank… Continue reading Recovery Pushes Foreclosures Lower 3 Months
Foreclosures Drop Two Straight Months
By Mike Colpitts Demonstrating the U.S. largest five banks are following rules agreed to in their $25 billion settlement with 49 state attorney generals, foreclosures saw a drop for two straight months in March as lenders increased efforts with home mortgage holders, according to RealtyTrac. The drop in foreclosure activity showed there were 198,853 filings… Continue reading Foreclosures Drop Two Straight Months
Foreclosures Drop Two Straight Months
By Mike Colpitts Demonstrating the U.S. largest five banks are following rules agreed to in their $25 billion settlement with 49 state attorney generals, foreclosures saw a drop for two straight months in March as lenders increased efforts with home mortgage holders, according to RealtyTrac. The drop in foreclosure activity showed there were 198,853 filings… Continue reading Foreclosures Drop Two Straight Months
Court Orders $4 Million Mortgage Scam Fine
By Ryan Jackson A federal judge has ordered the ring-leader of a group and six defendants accused of defrauding homeowners to pay nearly $4-million for running a mortgage modification scam that promised to provide homeowners at risk of losing their homes foreclosure relief. The order was issued in U.S. District Court in the Central District… Continue reading Court Orders $4 Million Mortgage Scam Fine
Housing Czar Delays Decision on Underwater Mortgages
By Mike Colpitts The chief administrator of the U.S. agency overseeing the nation’s giant mortgage lenders stopped short of offering aid to underwater mortgage holders with principal reductions in a speech in Washington D.C., Tuesday morning, delaying any decision on the matter for the time being. Acting Federal Housing Finance Agency director Edward DeMarco, who… Continue reading Housing Czar Delays Decision on Underwater Mortgages