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Over the past few years, the US commercial real estate has also been experiencing the difficulties faced by the industry. The good news, however, is that the market is stabilizing and is moving towards growth. Recently, National Association of Realtor reported that this could be the result of a pullback currently seen in the construction sector. The report said that limited construction of commercial nature in the past few years has resulted in the quick fall in vacancy rates.
March 7th, 2011 | Posted in Mortgages,Real Estate Headlines | Read More »
While much has been made of the effect the recession had on the residential housing market, it also had an enormous effect on commercial real estate around the nation. This was marked by the incredible number of defaults on commercial mortgages across all sectors. However, things might be improving. Signs of recovery come from the reduced rate of mortgage defaults in the US.
March 7th, 2011 | Posted in Commercial,Mortgages,Real Estate Headlines | Read More »
Recently, the US government has proposed to trim down its role in housing finance. This, many experts feel, may pit Wall Street against real estate groups as it restructures the $11-trillion mortgage market.
March 4th, 2011 | Posted in Mortgages,Real Estate Headlines | Read More »
The real estate and construction sectors together constitute one of largest business segments of the US economy. Typically, the sectors are heavily dependent on a slew of factors, including general economic growth, employment rates, interest rates, and lending and credit markets. Globally, China and India are the two most rapidly growing real estate markets.
March 1st, 2011 | Posted in Mortgages,Real Estate Headlines,Residential | Read More »
The true percentage of home loan owners who have been late with their payments slipped to the lowest level in 2 years throughout the 4th quarter of 2010, the Mortgage Bankers Association stated in a statement today.
February 24th, 2011 | Posted in Mortgages,Real Estate Headlines | Read More »
Wells Fargo, the largest provider of loans in the U.S., has now come up with a new program that is already drawing some criticism. They have now established a mortgage that requires 30 percent down, which adds 10 percent to the usual program.
February 23rd, 2011 | Posted in Mortgages,Residential | Read More »
Lender JPMorgan Chase has recently been in the news for overcharging active military personnel on their mortgages and for conducting foreclosure proceedings without the right authority.
February 22nd, 2011 | Posted in Mortgages,Real Estate Headlines,Residential | Read More »
There are resounding fears that the increasing number of foreclosures that continue to flood the market will eventually depress home prices to a devastating level. In fact, some are afraid that they can even affect exchange-traded funds (EFTs).
February 22nd, 2011 | Posted in Mortgages,Real Estate Headlines,Residential | Read More »
Bank of America’s (BOA) fiscal numbers are in for 2010 and they aren’t good. According to their figures, the major lender lost a staggering $2.24 billion last year. For shareholders, that translates into 37 cents per share.
February 21st, 2011 | Posted in Mortgages,Real Estate Headlines,Residential | Read More »
For those taxpayers who are keeping tab on the final cost of bailing out the mortgage giants Freddie Mac and Fannie Mae, there are some new numbers to add to the tally.
February 20th, 2011 | Posted in Mortgages,Real Estate Headlines | Read More »
