Apartment Know-How in NoHo?
The Wall Street Journal - September 30, 2009
About two years ago, the owner of the Gallery at NoHo Commons was close to selling the apartment complex in the North Hollywood section of Los Angeles for more than $140 million, a person familiar with the matter said... Read More
Subprime loans targeted by new Fed guidelines
Those seeking mortgages must be able to prove ability to pay.
Austin American-Statesman - September 30, 2009
WEST PALM BEACH, Fla. — Crummy credit, no verifiable income, no home loan. Beginning Thursday, that's the rule under Federal Reserve guidelines that require lenders to prove a person's ability to repay a loan before awarding one... Read More
Moody's Ex-Compliance Head to Testify
The Wall Street Journal - September 30, 2009
As scrutiny of credit-ratings firms in Washington heats up, a second former official of Moody's Corp. has emerged and is expected to testify about concerns that he took to regulators earlier this year... Read More
FDIC Fund Faces Years in Red as Failures Jolt System
The Wall Street Journal - September 30, 2009
WASHINGTON -- The government said the fund that protects consumer bank deposits has fallen into the red and will remain there into 2012, a pointed symbol of how the aftershocks of the financial crisis will reverberate for years as banks continue to fail at a high rate... Read More
Mortgage delinquencies hit record high
AP - November 19, 2009
WASHINGTON - A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery... Read More
Home sales rise to highest level in 2.5 years
MSNBC.com - November 23, 2009
WASHINGTON - First-time buyers seized on a tax credit, combined with low mortgage rates and falling prices, to boost home sales in October to their highest level in 2 1/2 years... Read More
America's Fastest-Recovering Cities Forbes - November 19, 2009
Though Omaha, Neb., seems second-rate to some, Warren Buffett may have been on to something when he chose it for the headquarters of his massive holding company, Berkshire Hathaway. According to our research, the city has hit upon a formula to weather the economic downturn better than any other in the country. While no region has escaped the recession, in Omaha, three Texas metros, a handful of Northeastern manufacturing bases and select southern cities, diversified industry and relatively stable housing fundamentals have provided local residents with comparatively secure standards of living... Read More
Realtors launch new iPhone app Agent Genius Magazine - January 12, 2010
Realtor.com launched their new iPhone application and gave a few of us the chance to play with it and tear it to pieces before the launch (maybe they didn’t quite put it that way, but it’s the way I’m approaching it)... Read More
Sales Volume, Price up in 2009-Q4 According to Texas Quarterly Housing Report
PR Newswire - February 1, 2010
AUSTIN, Texas, Feb. 1 /PRNewswire/ -- According to data provided by the Real Estate Center at Texas A&M University, Texas' housing market saw increases in sales volume and price in the fourth quarter of 2009. As reported in the first Texas Quarterly Housing Report, Texas' sales volume for existing single-family homes for 2009-Q4 was 53,050, up 16 percent from the same quarter of 2008. The median home price in Texas also saw increases, from $140,100 in 2008-Q4 to $143,400 in the same quarter of 2009, a 2.35 percent increase... Read More