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- Top 5 Builders in Fastest-Growing Markets – Housing Data, Existing Home Sales, Local Markets, Overlays And Toppings, Economic Conditions – Builder Magazine
According to Metrostudy's active new home survey data, the five fastest-growing metros have experienced over 10,000 new home starts. As Metrostudy points out in their blogpost "A Housing Dimension to Forbes' Recent Projection," it's noteworthy that the top three markets experiencing new home growth are included in a recent Forbes article listing top markets for expected job growth annually.
Read the source article … http://www.builderonline.com/housing-dat a/top-5-builders-in-fastest-growing-mark ets.aspx
- Bank Analyst: Dodd-Frank killed low-income lending | 2013-09-30 | HousingWire
Congress enacted the Dodd-Frank Act three years ago to remedy lending excesses that took root before the financial meltdown.
But the real outcome of this intervention is a modern mortgage market where big banks can no longer lend to lower and lower-middle class borrowers, banking analyst Dick Bove with Rafferty Capital Markets said Monday.
As for what this means for a large segment of borrowers, Bove said a more extreme view would be that low-income individuals will eventually be pushed into more public-housing situations and rentals.
Yes, but how backwards (back to how it was) do you want to go? The more we go back, the sooner we'll have a large bubble that will pop and hurt all those low and lower-middle income people who could otherwise have been safer renting all along.
Read the source article … http://www.housingwire.com/articles/2715 0-bank-analyst-dodd-frank-killed-low-inc ome-lending
- The Lone Star State is About to Get Crowded – Housing Data, Housing Trends, Local Markets, Construction Finance, Distressed Assets, Government Projects, Home Prices, Land Acquisition, Loans, Mergers And Acquisitions, Supply And Demand, Mortgages And Banking, Building Performance – Builder Magazine
Texas was the only economy in the country to not see a plummet in home equity. But why?
It's an interesting combination of things that spared Texas. The new boom in gas and oil should probably have been mentioned more.
Texas has its hurdles yet too. Freshwater, for instance, is going to be one gigantic issue if technological advances don't make the matter moot.
Read the source article … http://www.builderonline.com/housing-dat a/the-lonestar-state-is-about-to-get-cro wded.aspx
- Now there's a rental management app for small-time landlords | Inman News
Pendo Rent, from the makers of HootSuite:
The Vancouver-based firm is targeting "citizen landlords," those property owners who want a simple, organized way to manage tenant applications, and maintain tenant profiles, advertising and other aspects of renting a property.
Currently, the system coordinates online payments for Canada-based users via VersaPay and is working on a solution for those in the U.S., which, it says, will be announced soon.
Read the source article … http://www.inman.com/2013/10/01/rental-m anagement-service-for-small-time-landlor ds-launches/
- Lending & Borrowing For Investment Real Estate Getting Tougher
We are waiting to hear whether rental income is going to be calculated into the debt to income ratios. That will be a big factor in exactly HOW difficult 2014 will be for real estate investors.
However, for landlords in good financial shape, these rules will help them because more people who couldn't afford mortgages before will have to continue renting.
- ICBA: Hold Wall Street Fraudsters Personally Accountable | Mortgage News | Daily National and State Headlines
Camden R. Fine, president and CEO of the Independent Community Bankers of America (ICBA), released this statement following the recent meeting between JPMorgan Chase chief executive Jamie Dimon and U.S. Attorney General Eric Holder amid continued reports of misconduct on Wall Street.
… financial penalties that can be paid in full out of these megabanks' quarterly profits are not enough to deter wrongdoing and minimize the threats these institutions pose to our nation. Unlike community bankers, who are held publicly and personally accountable by their regulators when things go wrong, not one senior Wall Street executive or board member has been held personally responsible for the 2008-10 financial collapse and the repeated scandals that have followed.
- Government Shutdown Update | realtor.org
Congress has failed to approve a Continuing Resolution (CR) providing funding for most government operations. This means many, but not all, government programs, including some that impact federal housing and mortgage programs, have been suspended or slowed due to the lapse in government funding.
The latest information will continue to be posted to realtor.org/governmentshutdown.
Read the source article … http://www.realtor.org/articles/governme nt-shutdown-updates
- Testosterone Pit – Home – Bubble Trouble: Record Junk Bond Issuance, A Barrage Of IPOs, "Out Of Whack" Valuations, And Grim Earnings Growth
People have their eyes closed again, just as before the crash or perhaps worse according to Wolf Richter.
When Blackstone's global head of private equity, Joseph Baratta, said Thursday night that "we" were "in the middle of an epic credit bubble," the likes of which he hadn't seen in his career, he knew whereof he spoke.
These are not even remotely solid investments. Real estate with a good equity cushion and a positive cash flow from tenants not likely to lose their incomes is a much better choice in our opinion.
What's your view on it?
- Investment Tips – Right Property, Right Place, Right Time – Moneycontrol
This article is geared toward India, but much of it applies globally.
We hear often enough that real estate prices have gone through the roof. A few years ago, the same property was available at 1/3rd of the price being quoted now. When not equipped with relevant market facts, we tend to agree with the negative opinions about an irrational market and artificially inflated prices. Meanwhile, who doesn't want to cash in on it, irrational or not? Investors and speculators feel that buying a property cheap and selling it high is an ideal strategy. End users say buying value and taking a call on selling in the long term – if at all – is the way to go. From either perspective, there seems to be a consensus on at least one mantra, and that is buy cheap. It definitely makes sense – but to be able to do that in today's property market, one needs to be an early investor into the right market, for right product and at the right price. A good investment horizon (the duration over which one holds the property before selling it) is also important. Identifying the right markets becomes easier if one looks for certain at key market triggers. The critical ones that highlight the potential of any property markets are:…
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