By Mike Colpitts A former Security and Exchange Commission (SEC) prosecutor is launching an aggressive investigation into Real Estate Investment Trusts to recoup millions of dollars in losses for investors, who say they have been misled by investment brokers. Fort Lauderdale attorney David R. Chase has launched inquiries on behalf of investors in REITs throughout… Continue reading Former SEC Prosecutor Opens Investigation on REITs
Category: News
Company Beating Thieves to Homes
By Ryan Jackson An innovative company is beating thieves by preventing vacant homes from being ripped-off with sophisticated technology plus gaining a foothold in the security business as it uses the advanced technologies its developed to secure homes. VPS entered the Las Vegas housing market to sell its services since the region is regarded as… Continue reading Company Beating Thieves to Homes
Chinese Copper Pipe New Toxic Scare
By Mike Colpitts Imported Chinese copper pipe already blamed for leaks in hundreds of new homes, may not even be manufactured from copper and could pose serious toxic health risks, according to a U.S. consumer watchdog group. “We are confident the defective Chinese copper plumbing pipe disaster is going to affect hundreds of thousands of… Continue reading Chinese Copper Pipe New Toxic Scare
Group Launches $100 Million Home Rehab
An innovative non-profit group has launched an aggressive $100 million campaign to rehabilitate thousands of homes left to decay in blighted urban neighborhoods as a result of the U.S. foreclosure crisis. The organization has qualified for financing to repair vacant homes from bankers to help damaged neighborhoods. The group’s chief executive says a new initiative… Continue reading Group Launches $100 Million Home Rehab
Straw Breaking Foreclosure Crisis Back
By Kevin Chiu The landmark $25 billion settlement between state attorneys general and the U.S. largest five banks opens the flood gates to another tsunami of foreclosures, but leaves bank servicing companies in the position to temper the flow of foreclosed properties on to the real estate market for resale. The settlement with the banks… Continue reading Straw Breaking Foreclosure Crisis Back
Single Women May Be A Key to Reviving Housing Market
By Kiesha Joseph According to a report by the Joint Center for Housing Studies, single women have been scooping up property like never before. This is great news for not only single women, but for the US housing market as a whole. Many expert realty groups, including the National Association of Realtors, believe single ladies… Continue reading Single Women May Be A Key to Reviving Housing Market
Clean Air Produces Higher Home Prices
Housing prices get a major lift from reductions of smog and other pollutants, according to a study conducted by the National Bureau of Economic Research. After all, given the choice who wouldn’t want to live in an area with plenty of clean air to breathe each day? The study was gathered by researchers Kenneth Chay… Continue reading Clean Air Produces Higher Home Prices
Home Builder Confidence Upswing
Home builder confidence in the senior housing market, age 55 and older, rose four points to 18 compared to a year ago, according to the National Association of Home Builders housing market index. The 55 plus single family index measures builder sentiment based on current home sales, new home buyers’ walk-in traffic and projected home… Continue reading Home Builder Confidence Upswing
Housing Market to Bottom in 2014
By Kevin Chiu The bottom of the housing market in most U.S. cities will likely begin to form in 2014 as banks and mortgage lenders realize that homeowners who are unable or unwilling to pay their mortgages work with them to reduce the number of foreclosures. The record breaking volume of foreclosures has started to… Continue reading Housing Market to Bottom in 2014
Mortgage Modifications Slip, but Outpace Foreclosures
By Mike Colpitts More than 1-million U.S. home mortgages underwent permanent modifications in 2011, according to the independent alliance of mortgage servicers Hope Now. The figure represents a steep decline of 40% from a year ago, but outpaces the number of foreclosures sold during the year. In December affiliates of the organization completed 80,000 loan… Continue reading Mortgage Modifications Slip, but Outpace Foreclosures