Economists Forecast Sharp Real Estate Rebound

By Mike Colpitts A group of leading U.S. economists forecast broad improvements in the nation’s economy, real estate capital markets and the housing market through 2014. The projection was issued after the Urban Land Institute surveyed economists for its new real estate consensus forecast. The survey of 38 economists across the country, found that 2012… Continue reading Economists Forecast Sharp Real Estate Rebound

Investors Home Buying Binge Rages

By Mike Colpitts Investors accounted for almost 1 in 4 home purchases during the month of January, up to 23% of purchases, demonstrating that the home buying binge by investors is controlling a large portion of the U.S. housing market as bargain hungry investors attempt to cash in on deals. The figure was up 2%… Continue reading Investors Home Buying Binge Rages

Where to Move, Get a Job & Buy a Home in 2012

By Mike Colpitts The hard hit economy is mending in some areas of the U.S., while other regions continue to suffer through the dregs of a housing market still in a downturn. But among all the places that are on the mend there are a handful of fairly solid cities where you might just want… Continue reading Where to Move, Get a Job & Buy a Home in 2012

Housing Market Bottoms Hit as Home Values Escalate

By Mike Colpitts Following years of hard times, declining home values and a record volume of foreclosures, the housing market is finally hitting the bottom in at least some U.S. cities, and it can’t come soon enough for plenty of others. North Dakota, South Dakota and parts of Texas are booming with oil and natural… Continue reading Housing Market Bottoms Hit as Home Values Escalate

Big 55 U S Housing Markets in Recovery

Chill the bubbly. More U.S. cities are forecast to inflate in home values in 2012 than in the past five years as communities in fifteen states move towards more stable housing markets with increasing home sales and higher values. These 55 cities are from states all over the nation and they have the ingredients to… Continue reading Big 55 U S Housing Markets in Recovery

Mortgage Rates Jump for New Year’s

By Mike Colpitts Mortgage rates, already at their record all-time lows jumped slightly higher in time for New Year’s this week as lenders became weary about growing problems in international financial markets, according to Freddie Mac. The rate of a 30-year fixed rate loan rose to 3.95% from a record low 3.91% last week. The… Continue reading Mortgage Rates Jump for New Year’s

Record High Crop Prices Inflate Home Values

By Mike Colpitts Record high prices farmers are being paid for crops in the Mid-West are pressuring home prices, and are forecast to inflate home values as the real estate collapse moves closer to an end for part of the U.S. in 2012, according to the new Housing Predictor annual forecast. In all, a total… Continue reading Record High Crop Prices Inflate Home Values

Guilty Pleas in Real Estate Ponzi Scheme

An attorney and real estate investor have pled guilty to defrauding dozens of investors out of $52 million in a major real estate Ponzi scheme. Federal prosecutors say the scheme was called the British Lending Program, and involved 67-year-old Derek Smith of Oxfordshire, England and Leawood, Kansas attorney James S. Brown, 66. The two pled… Continue reading Guilty Pleas in Real Estate Ponzi Scheme

Tornado, Flood Damage Tops $260 Billion

By Mike Colpitts Catastrophic flooding along the Mississippi River and the outbreak of tornadoes in the Midwest and South are destroying thousands of homes and businesses. The series of disasters are estimated to top $260 billion in property damage, according to initial estimates gathered from federal and state authorities. A tornado believed to be just… Continue reading Tornado, Flood Damage Tops $260 Billion