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“- Real-estate broker Ronnie Diamonde expected the three-bedroom apartment in New Yorks Financial District, listed in August for $1.64 million and seen by 145 potential buyers, to sell in eight weeks.”
” The House of Representatives today voted 300-114 in favor of HR 1728, the Mortgage Reform and Anti-Predatory Lending Act, which calls for tighter lending rules to promote affordable mortgages for borrowers with a reasonable ability to pay and who receive more transparent disclosures at the time of closing.”
Press Release: Stress Test Results
“The results of a comprehensive, forward-looking assessment of the financial conditions of the nation’s 19 largest bank holding companies (BHCs) by the federal bank supervisory agencies were released on Thursday.”
Subprime lobbyists in $370m battle
“The top 25 US originators of subprime mortgages the risky assets that sparked the global financial crisis spent almost $370m in Washington over the past decade on lobbying and campaign donations as they tried to ward off tighter regulation of their industry, an investigation has shown.”
Well just refinance strategy backfires on jumbo mortgages too
“A lot of subprime borrowers found their “Well just finance in a couple of years when the house appreciates” strategy backfired on them. Increasing numbers of jumbo purchasers are finding themselves in the same boat”
Manhattan Financial District Apartments Get Deepest Price Cuts
“The Financial District suffered the deepest price cuts in Manhattan in the first quarter as securities firms shed more than 180,000 jobs in the Americas. Manhattan apartment sales fell 48 percent from a year earlier, real-estate appraiser Miller Samuel Inc. said. Sellers lowered prices on almost a third of condo or co-op listings by an average of 11 percent in the Financial District, …”
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Real Estate Stimulus Fail For two years I've preached that artificial means to prop up an inflated real estate market are not permanent solutions. Obama and his economic advisors (who are gradually jumping ship) thought otherwise. Can you guess where this is going? After flooding our economy with billions in home buyer tax credits...... -
The Mortgage Crisis and Investments in Real Estate According to regional and state real estate analysts, the factors which previously fueled the housing boom of the last few years are easy to explain. The factors that fueled this boom in the real instate industry ranged significantly, including: - Interest rates that were historically low. - Flight-Risk Safety Investments...... -
The Commercial Real Estate Handblog Makes Top 10 List! The Tomato Made Our Day! [/caption] After becoming a fan of The Real Estate Tomato through the Active Rain blog, imagine how excited I was to see little ole' us (formally known as www.WealthLifelines.com) mentioned as one of their Top Ten Commercial Real Estate blogs! The focus of the...... -
Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good...... - Is It Still A Good Time To Invest In Real Estate? Well, it depends on a lot of factors. Like where you're investing. There's a really good site called Housing Tracker that tracks the inventory and median home price for major cities. It has a pretty simple interface and its a great resource. Looking at Los Angeles I saw the inventory......
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