By Mike Colpitts The political winds that got the U.S. into the financial mess may actually have a chance to change. Donald Trump has all but announced he’s running for president. The real estate mogul is starting to work the TV talk show circuit in preparation for a June announcement that he will compete against… Continue reading Donald Trump Runs for President
Category: New York
New York housing market
Homeowners Overpaying Property Taxes
By Mike Colpitts Home values have dropped so much that the majority of U.S. homeowners are overpaying on property taxes, according to a leading consumer protection group. “We’re telling people to get an appraisal, an independent appraisal to find out what their property is really worth to see if they’re overpaying,” said Tom Martin, president… Continue reading Homeowners Overpaying Property Taxes
Paradise Dream Job Awaits
Paradise is a place that most of us just dream about, but it’s very much on one 30-year-olds mind these days. Josh Garcia is one of just ten finalists competing for a dream job to search for paradise and win a house as part of the prize. The transplanted Californian now living in New York… Continue reading Paradise Dream Job Awaits
Where to Invest in Real Estate
By Kim Olson With the economy slowly recovering and the housing market still soft it’s a prime time to buy real estate to invest in if you’re looking to get into the market. It might surprise you to know that some of the hottest places in the country to historically buy real estate are now… Continue reading Where to Invest in Real Estate
2011 New York Housing Market
Troubled by a state economy in chaos, New York is facing one of the most challenging times in history. Although foreclosures are a problem in the fallout of the worst real estate crash in the U.S, driven by a healthier supply of able buyers, New York consistently ranks as one of the lowest in foreclosures.… Continue reading 2011 New York Housing Market
Federal Housing Agency Orders Halt to Home Resale Fees
By Mike Colpitts U.S. mortgage giants Freddie Mac and Fannie Mae will be halted from providing mortgages on homes that hold home resale fees under a new federal mandate. The decision, ordered by the Federal Housing Finance Agency, which oversees both government backed lenders, was ordered late Tuesday. It was contained in a proposal made… Continue reading Federal Housing Agency Orders Halt to Home Resale Fees
Hard Money Financing Booms as Investors Sue
By Kevin Chiu As a federal judge starts a trial over allegations that New York firms defrauded hard money loan investors of millions of dollars in assets, other hard money lenders are achieving record profits. San Diego, California based Source Capital Funding, Inc. announced it finished closing 42 loans in October and funded nearly $9-million… Continue reading Hard Money Financing Booms as Investors Sue
First Home Price Decline in Year
Core Logic, a heavily viewed monitor of U.S. home prices said its home price index dropped for the first time in 2010 in August, sending prices just 1.5% lower for the year. However, the index also showed positive appreciation in more than a handful of states. The Core Logic index has had an unusually low… Continue reading First Home Price Decline in Year
Jumbo Mortgage Limits Extended
By Mike Colpitts In a crucial policy decision for the housing market, Congress extended the limit on jumbo mortgages the nation’s mortgage titans can purchase to nearly $730,000. Lawmakers agreed to extend the limits through 2011. The measure was included as part of a temporary spending bill forwarded to President Barack Obama for his signature.… Continue reading Jumbo Mortgage Limits Extended
$23 Billion in Home Buyer Tax Credits
The credit to home buyers taking advantage of the federal government’s tax credit has reached $23.5 billion, according to the Internal Revenue Service. Some $16.2-billion was for the first time home buyers $8,000 credit and $6,500 grants to first and second time buyers. The tax credits produced a spike in home sales in the majority… Continue reading $23 Billion in Home Buyer Tax Credits