Here are the 10 hottest markets to make investors' landlord dreams come true
Landlord alert: Seattle is hot, but not the hottest opportunity for home-rental investing. Source link …Read More
Real Estate News
Trusts aren't a surefire way of making your HOA property judgment-proof
Question: We own a townhouse in a homeowner association that shares a wall with our next-door neighbor. We also own a detached single-family dwelling in a gated community some 50 miles away where the HOA board takes care of the …Read More
FBR: We're bullish on Flagstar-Stearns Lending correspondent lending deal
After announcing late Monday that it intends to acquire Stearns Lending’s delegated correspondent lending business, Flagstar Bancorp is positioned to grow its already sizable footprint in the mortgage business, FBR & Co. analysts said in a note to clients. …Read More
Mortgage lender fined $3.5 million for kickback scheme
The Consumer Financial Protection Bureau has ordered mortgage lender Prospect Mortgage to pay a $3.5 million fine for illegal kickbacks to real estate brokers and agents. Source link …Read More
HOA Homefront: Do city laws trump HOA restrictions?
Q. Recently, we have had issues with projects and proposed projects that involve city regulations versus CC&R restrictions. Our board seems to think that the requirements in our CC&Rs are unenforceable if the city has already approved the projects. …Read More
December Sales Improved but are Still 2.2 Percent Below Potential
December home sales were up from a shaky November, but they could have been better if not for the inventory shortage. Tthe market for existing-home sales underperformed its potential by 2.2 percent or an estimated 129,000 (SAAR) of sales, an improvement …Read More
Blackstone takes its single-family rental bet public as sector soars
Blackstone's Invitation Homes opened slightly higher than its IPO price on Wednesday morning. Source link …Read More
Valet parking, 24-hour concierge, screening rooms … luxury-condo perks lure buyers out of the house
The free breakfast buffet served daily to owners of the Ritz-Carlton Residences at L.A. Live includes scrambled eggs, bacon, French toast, fresh fruit and expansive 28th-floor views. The complimentary meal is an unprecedented perk in the competitive landscape of luxury L.A. …Read More
NAR: There are real and imaginary barriers keeping Americans from homeownership
Homeownership hovers near a 50-year low mark, and Trulia’s report was even more condemning, showing Millennials are losing hope in homeownership. The National Association of Realtors examines the barriers to homeownership, both real and imaginary. Source link …Read More
Government-backed mortgages are about to get cheaper
The Federal Housing Administration will reduce the annual mortgage insurance premiums borrowers pay when taking out a low down payment home loan that is insured by the government. Source link …Read More