NEW YORK – July 31, 2008 – Guess who holds your mortgage now? It’s your friendly neighborhood hedge fund.
Dozens of hedge funds, private equity groups and other investors have plunged into the beaten-down mortgage market in recent months, buying tens of thousands of distressed loans and foreclosed properties around the country. They hope to profit [...]

Emerging markets have significantly improved their levels of real estate transparency according to the latest Global Real Estate Transparency Index from Jones Lang LaSalle, The 2008 survey reveals that eight countries moved up a full transparency tier since the last index in 2006. Dubai, Romania, Ukraine and Russia showed the biggest improvements over the last [...]

The President signed the bill on July 30, 2008. The bill includes the following provisions:

GSE Reform – including a strong independent regulator, and permanent conforming loan limits up to the greater of $417,000 or 115% local area median home price, capped at $625,500. The effective date for reforms is immediate upon enactment, but the loan [...]

Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 2.6 percent to a seasonally adjusted annual rate of 4.86 million units in June from a pace of 4.99 million in May, and are 15.5 percent lower than the 5.75 million-unit rate in June 2007, according to the National Association of Realtors (NAR).
NAR President [...]

WASHINGTON – July 18, 2008 – Mortgage rates fell this week with 30-year mortgage rates dropping to the lowest level in six weeks as investors became less worried that the Federal Reserve would soon tighten credit policy to stall inflation.
Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.26 percent this week.
That [...]

Commercial real estate woes are spreading across South Florida as fears intensify over the worsening economy.
Office and retail sectors have turned sluggish in the first two quarters of 2008 following steady growth during the past few years. Firms are postponing expansion plans, downsizing and handing back space to landlords, who are offering free rent and [...]

Aventura is an upscale condo community with some of South Florida ’s best-known condominiums. Aventura is a vibrant city that is perfect for a wide variety of people. Single young professionals own condos in Aventura. Other condominiums are perfect for families, while still others are internationally known for their luxury and glamour.
There is plenty of [...]