By Mike Colpitts More than half of all real estate investments are concentrated in 30 major cities across the world, according to a new study. Twenty-five percent of property investments are in five metropolitan areas, including New York. The study, conducted by commercial real estate company Jones Lang LaSalle, found that major cities house most… Continue reading Real Estate Investment Concentrated in 30 Cities
Category: Housing Market
2012 Tennessee Housing Market
Home prices that are lower than many other regions of the U.S. and changing attitudes regarding business growth are still attracting more newcomers to many regions of Tennessee, despite the hurting national economy. The state saw more growth during the real estate boom than at any other time. A bulging inventory of homes for sale,… Continue reading 2012 Tennessee Housing Market
2012 South Carolina Housing Market
As home and condo sales rise in South Carolina, the market is encountering a record high number of foreclosure sales, which are sending the home prices to the lowest levels in more than a generation. Severe unemployment and massive underemployment has left tens of thousands of homes vacant. The foreclosure crisis is critical in Columbia,… Continue reading 2012 South Carolina Housing Market
2012 Alaska Housing Market
In the extreme north-west corner of North America, Alaska is disconnected from the contiguous United States, and it has little association with the rest of the country when it comes to hard times in the housing market. Alaska home prices are maintaining their value much more than most of the rest of the nation. Sale… Continue reading 2012 Alaska Housing Market
Real Estate Markets Most Likely To Recover
The five most likely U.S. metropolitan real estate markets to recover in 2012 are demonstrating signs of economic recovery in at least a couple of areas, despite the troubled U.S. economy. However, there are few other similarities aside from growing employment and a climate for change. A sense of cautious optimism prevails in Miami, Florida… Continue reading Real Estate Markets Most Likely To Recover
Private Equity Firms Purchase Fannie Mae Foreclosures
By Kevin Chiu The bulk sale of foreclosed Fannie Mae homes to private equity firms will place foreclosures right back into the very hands of some of the banks and investors which triggered the foreclosure crisis by manipulating financial markets. Fannie Mae is inviting investors to become joint venture partners in the biggest bulk sale… Continue reading Private Equity Firms Purchase Fannie Mae Foreclosures
2012 New Jersey Housing Market
Reeling from a major decline in home prices, New Jersey homeowners are hoping that the worst of the real estate crash is over. But a massive inventory of foreclosures that have not yet been formally taken back by the banks sit vacant waiting as part of the shadow inventory to be accounted for by lenders.… Continue reading 2012 New Jersey Housing Market
Another $100-Billion Underwater Housing Loss
By Kevin Chiu Politics is a strange and nasty business and the business of walking the fence during this election year is increasingly damaging the U.S. economy. In order to help mend the economy, the U.S. will eventually make the tough but inevitable decision to cut principal on underwater mortgages, and take an estimated $100… Continue reading Another $100-Billion Underwater Housing Loss
2012 Nebraska Housing Market
Nearly five years after the housing market in the U.S. collapsed the sting of the market crashing is barely felt in Nebraska. Home prices never hit double-digit appreciation in any market in the state, saving it from the foreclosure crisis and an economy that became unhinged. With unemployment levels at one of the best rates… Continue reading 2012 Nebraska Housing Market
Mortgage Rates Jump on Fewer Applications
By Mike Colpitts Banks and mortgage companies raised mortgage rates on new borrowers this week as the demand for new home loans and refinancing sunk, according to Freddie Mac. The rate on the benchmark 30-year fixed rate mortgage saw a jump to 3.98%, a tenth of one-percent higher than last week. The rate was at… Continue reading Mortgage Rates Jump on Fewer Applications