The good news in the worst housing slump since the Great Depression is that the real estate market in Cleveland is recovering. That’s also the bad news.
The Cleveland area led the nation for home price gains in April and May with an 18 percent jump in the lowest price tier of the S&P/Case-Shiller home price [...]
Boston’s innovative effort to combat housing foreclosure’s effects on neighborhoods reached a milestone yesterday when the city selected a Roxbury developer to renovate four dilapidated homes on Hendry Street in Dorchester.
The Boston Redevelopment Authority selected Bilt-Rite Construction Inc. to purchase, fix up, and sell the city-controlled triple-deckers on the street, the epicenter of the city’s [...]
A house listing used to be an agent’s best friend, but now a qualified buyer is a real gem.
So before one gets away — along with a potential commission — broker Wayne Frankel wants buyer’s agent contracts signed, and he’ll give an agent one point toward a yearly prize for each loyal house hunter.
It’s like [...]
Washington will give funds to states and cities to rehab houses. Proponents say it will help stabilize neighborhoods, but others say it’s too little to do much good.
NEW YORK - City officials and community activists can’t wait to get their hands on nearly $4 billion the federal government is about to inject into blighted neighborhoods [...]
Gov. David A. Paterson yesterday signed legislation that requires lenders to give subprime loan borrowers a 90-day notice before starting foreclosure proceedings.
Subprime loan homeowners will now have time to meet with lenders and receive other information on dealing with their debt. Subprime loans are generally held by borrowers with shaky credit, and carry higher interest [...]
Long vacant, the former Buffalo Forge property along the eastern edge of downtown Buffalo is poised to find new life.
The Buffalo Urban Development Corp.’s directors Tuesday unanimously agreed to purchase from Howden Fan the 12.5-acre parcel that cuts along Broadway and on to such side streets as Mortimer Street and Spring Street. The BUDC directors [...]
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 [...]
Home sales continued their slide in June, making the first half of 2008 the slowest housing market in more than 15 years, a Boston real estate publishing firm said today in its monthly housing report.
There were 4,663 sales of single-family homes last month, about a 15 percent decline from the number of sales transactions closed [...]
“Are you gonna pay for you food, fuel or mortgage?” asks Hampden County Register of Deeds Donald Ashe.
That’s the question plaguing homeowners across Hampden County. In the past 12 months 1,027 foreclosures were filed, the most in the county’s almost 200 year history. But Ashe says rising fuel and food costs aren’t entirely to blame. [...]
The Real Estate Group’s July Manhattan Rental Market Report, released today, suggests that landlords with large building portfolios can’t resist raising rents, even in a weak market. Doorman unit inventory continues to increase, and prices have followed. Defying traditional laws of supply and demand, the Manhattan rental (http://www.tregny.com/) market has sparked much confusion this month.
“The [...]