Four national associations of real estate appraisers have asked Congress for major regulatory reforms in the wake of an Associated Press investigation that identified key failings within the existing system.
Led by the Chicago-based Appraisal Institute, the groups said Wednesday they want the Congress to approve more money so that state appraisal boards can boost enforcement [...]
Chicago-based NRC Realty Advisors Inc. will hold the largest new residential real estate auction in Michigan’s history. The 400-property auction Sept. 20-21 serves as a signal that the real estate market may be nearing the bottom. The properties include completed homes and lots; nine homes and 37 lots are available in Washtenaw and Livingston counties.”In [...]
Inc. ranked Las Vegas real estate developer Group Gemstone today in the top five on its annual ranking of the 5,000 fastest-growing private companies in the country. Group Gemstone also ranked as the fastest growing real estate developer in America, as well as the fastest growing private company west of the Mississippi.
“We’re pleased that [...]
With little relief this summer, Maryland’s home foreclosure rate continued at a rapid clip through July, with Frederick County showing the biggest jump from June, according to the latest data.
Last month, 3,104 homes were in various stages of foreclosure in Maryland, or one per 741 households, according to RealtyTrac of Irvine, Calif., which monitors foreclosure [...]
In July 2008, there were a total of 8,165 resale homes recorded sold. Foreclosure activity represented 42 percent (3,470 transactions), while there were 4,695 traditional market transactions. Foreclosed transactions represent home owners losing their property to successful individual bidders or the lender of record. In June 2008, the spilt was 3,275 foreclosed homes and 4,565 [...]
For the past year, apartment buildings have been one of the few bright spots in the real-estate industry as people forced out of the home-buying market by foreclosures or the credit crunch have turned to renting.
But now the specter of job losses is beginning to spread the gloom into that sector as well. As would-be [...]
Construction of homes and apartments fell in July to the lowest level in more than 17 years, but some economists said the drop could aid the slumping housing sector by helping reduce a glut of unsold properties.
The Commerce Department on Tuesday said builders broke ground on 965,000 housing units on an annualized basis, down from [...]
There’s a silver lining in San Diego’s slumping housing market: improved affordability.
The National Association of Home Builders yesterday ranked San Diego County as the nation’s 20th least affordable metro area, a major improvement from four years ago, when the region was ranked the most unaffordable market in the nation.
It was the best ranking San Diego [...]
Mortgage rates fell last week, yet that didn’t inspire more borrowers to apply for a mortgage, according to the Mortgage Bankers Association’s latest survey, released on Wednesday.
Application volume fell a seasonally adjusted 1.5% for the week ended Aug. 15, compared with the previous week. Volume was down 34.2% compared with the same week in 2007, [...]
The number of homes and apartments being built in the US sank in July to the lowest level in more than 17 years, government figures show.
Builders started work on 965,000 properties, on an annualised basis, from 1.08 million in June, the Commerce Department said.
However, this was not as bleak as some had been expecting.
Separately, inflationary [...]