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Rofo Blog
San Francisco Office Space Finder
Posted via web from rofo’s posterous...
Office Leasing Tips: The Commercial Lease-Renewal Option
Landlords and commercial leasing agents typically want tenants to sign long-term leases. This type of lease, which may extend over many years, guarantees the landlord a reliable stream of rental income and allows them to avoid the hassle and expense of re-leasing the space. But if your business is growing,...
Startup Office Space: Some Tips Finding the Right Office
Orginally posted by David Vivero of RentJuice.com. This is a great article on search for and finding the right office space for your company. We’re at an exciting inflection point for RentJuice, and part of our transition requires us to upgrade our office space in the next couple months to...
Your Future Landlords 5 Questions about You (The Landlords View)
1. What is the credit of the company I am signing a lease with? Most landlords have loans in place and at times a lender will ask to approve a lease before it is signed as they technically are part owners. If a landlord wants to refinance ...
Rofo Success and Office Subleasing Tips from Causes in Berkeley, CA
Last year, Rofo helped Causes sublease some extra office space and they were kind enough to sit down and talk with us about the process. Due to the economic situation, many other companies are finding themselves in a similar situation with some extra office space, so it’s great to have...
3 Ways to Justify Rent Decreases
Besides claiming that you are a young, growing, and cash strapped business that the landlord should help out of the goodness of his heart, I always found a few methods helpful. 1. The first one was to discuss the other spaces you are looking at using the...
Sellsius real estate marketing blog
Microsoft Tag Like QR Codes for Mobile Phone
I have been a fan of QR Codes for some time. QR Codes look like bar codes and communicate information about a person or a home or a product — simply by taking a photo of the QR Code with your cell phone. A real estate firm had used QR codes...
RentJunge is Apartment Search Engine with Facebook App
RentJungle is new real estate rental search site. According to their press release: Rentjungle.com works much like Google in that it scours the Internet and pulls together apartment listings from a variety of sites. It one ups Google by focusing solely on apartment searches and displaying results either on...
Need Help with a Domain Name? Try PickyDomains
Someone asked me if I knew any websites to help pick a domain name. So I passed this old post from 2007. Still good. Check the related posts for other posts on domain names. Choosing a domain name is tough. Ideally it should be easy to spell, catchy, trademarkable and...
How to Use Twitter to Find Clients
Those who pooh-pooh Twitter for business, simply have not taken the time to explore the possibilities or still think it’s only about what you’re doing now. Here’s one method I share with my clients–it’s called the Anyone Know Search (AKS) Go to Search.Twitter.com and type this in the...
Here are some tips to search Twitter effectively at Search.Twitter.com. (See Best Google Search Secrets for searching Google). Type this Search term: Get these tweet results real estate porn: tweets contain all terms (in any order)– “real” “estate” and “porn”. This is the default search setting. See example “real estate agent”: ...
Leading Real Estate Companies of the World Revolutionary Conference
The elite Leading Real Estate Companies of the World invited me to speak at their real estate conference in Las Vegas March 8-10. Knowing that I will be speaking on a panel with my near nephew Matthew Ferrara, I decided to accept. Plus, the company has some great folks, including fellow...
Latest News (RSS)
Pick up a hammer at 2010 General Assembly
Unitarian Universalists coming to Minneapolis for the UUA General Assembly in June can help build a house or revitalize a downtown neighborhood. Two service projects—one the week before GA, the other concurrent with GA—will give UUs hands-on ways to help the local community hosting the annual convention of the Unitarian...
Habitat for Humanity Minnesota Affiliates Join Advocacy Charge on Affordable Housing
Habitat for Humanity affiliates across Minnesota gathered at the state capitol last week, February 18, to promote a vital legislative agenda created to help families and local communities recover from the widespread foreclosure crisis. The day-long event, coined “Habitat on the Hill,” included participation from more than 75 volunteers and...
Twin Cities Habitat Announces Change in Board Leadership at Annual Dinner
Twin Cities Habitat for Humanity’s Board of Directors gathered yesterday evening amid influential supporters and prominent partners at the organization’s annual dinner. At this time, departing board members were recognized for their time and service to the organization and new board members were introduced and announced into term. Read More......
Ricky Martin Foundation/Habitat for Humanity Haiti Recovery Fund
Ricky Martin traveled to Port-au-Prince on January 19 with Habitat for Humanity International’s chief executive officer, Jonathan Reckford, to visit one of the earthquake-ravaged neighborhoods in the capital city. Martin was moved by the massive devastation caused by the 7.0-magnitude earthquake that struck last week, and just as he did...
Addressing housing needs in Haiti after major earthquake
Habitat for Humanity International is assessing the impact on affordable housing and response options in Haiti after a major earthquake struck near Port-au-Prince on Tuesday. Read More......
Meet your Legislators at Habitat on the Hill - MN
State Legislators may know the good work that Habitat for Humanity affiliates accomplish across the state. However, many may not know how State funding supports our work. Join the first ever Habitat on the Hill – Minnesota and visit your Legislator at the State Capitol during this advocacy event. We...
NYT > Housing
At the Corner of Grit and Glamour
Jean Nouvel’s new residential tower in Chelsea conjures a downtown New York we once loved and can now barely remember....
Letters: Homeownership’s Future
Re: “Mom, Apple Pie and Mortgages,” in which Robert J. Shiller said the nation might look at new methods of housing finance....
3-Family Home for Sale (One Family Included)
One sister inherited the house, another the right to live there, free, with her son. Now the sisters are feuding....
What to Do With an Empty Storefront? A Makeshift Art Gallery
A growing number of landlords of vacant storefronts are allowing artists to use their window space until a tenant comes along....
Albany Sides With Owner in a Rent Suit in TriBeCa
The state’s housing division backed the city’s decision that the landlord of Independence Plaza North could charge its tenants market-rate rents....
Mr. Katz is the chief executive and principal owner of Sherwood Equities Inc., which has developed and manages more than $3 billion in commercial real estate....
Real Estate News
Rice Field is for sale again....
Westin Hotels Makes Debut in Austin, TX
Starwood Hotels & Resorts Worldwide, Inc. today announces the grand opening of The Westin Austin at The Domain - " the first Westin hotel to open in Austin, Texas....
Niagara County: Comptroller says Broderick 'cut corners' as executor
The Niagara County District Attorney's Office has been asked to review a state comptroller's audit to determine if former Niagara County Treasurer David Broderick violated any laws or statutes while performing his duties as the county's public administrator of estates....
Colo. Senate backs shift in oversight of mortgage lenders
The Colorado Senate approved an amendment to a mortgage regulation bill Friday that would strip Division of Real Estate Director Erin Toll of her authority to regulate mortgage lenders and replace it with a board to be appointed by the governor....
Real estate agent who saved crash victims a hero
A real estate agent who saved four people after a head-on two car crash north of Auckland on Friday has been hailed as a hero....
Paint can be a wallpaper alternative
Published: Saturday, March 13, 2010 at 4:01 a.m. Last Modified: Saturday, March 13, 2010 at 1:59 a.m. Elaine Griffin is crazy about stripes - in small rooms and kids' rooms, powder rooms and halls....
Eversley Capital: Connecticut Mortgage
Weekly Recap and Look Ahead 3-12-10
Happy Friday everyone, CNBC’s Maria Bartiromo takes her weekly recap of the housing and financial news and a look ahead at the coming week. The video is here: Weekly recap with Maria Bartiromo Trish Regan of CNBC is the fill in this week for Maria. If you are shopping for mortgage rates...
Eversley Capital Mortgage Rates 3-12-2010
Here are today’s Connecticut mortgage rates offered from Eversley Capital Mortgage LLC Norwalk, CT. Fixed mortgage rates are unchanged from yesterday and the ARM mortgage rates are an 1/8 of a point better. All rates are no point loans and assumed 720 credit score and 20 percent down payment or...
Eversley Capital Mortgage Rates 3-11-2010
Here are today’s Connecticut mortgage rates offered from Eversley Capital Mortgage LLC. The rates are un changed from yesterday. All rates are no point loans and assumed 720 credit score and 20 percent down payment for a purchase or 80 percent ltv for a refinance. Rates are available and subject...
Hartford County Jumbo Mortgage
The great folks in the State of Connecticut’s capital Hartford and the rest of Hartford County can take advantage of the conforming jumbo mortgage. A conventional mortgage is any loan amount over $417,000 after that the loan is considered a jumbo mortgage. There are four counties in CT that are designated...
Eversley Capital Mortgage Rates 3-10-2010
Here are today’s Connecticut mortgage rates offered from Eversley Capital Mortgage LLC. All rates are no point loans and assumed 720 credit score and 20 percent down payment or 80 percent ltv for a refinance. Rates are available and subject to change. To see full range of rates paying and...
Eversley Capital Mortgage Facebook
We have made it to Facebook. Eversley Capital Mortgage has its own fan page. The official page is http://www.facebook.com/eversleycapital As always we strive to offer Connecticut residents the best and lowest mortgage rates and fees. We offer conventional fixed and arm loans as well as jumbo, conventional jumbo, USDA and VA...
Oh My Apartment
How to Prepare a Romantic Apartment Dinner for Your Loved One
A romantic apartment dinner can be the perfect surprise for your significant other when he arrives home from work or from an active day. Even with the sometimes limited kitchen and dining areas within apartments, it’s possible to create the ambiance for a night of fine dining on home cooking...
4 Tips to Keep Your Cat Litter Box Fresh
Keeping a cat litter box in your apartment is a necessity if you have an indoor cat, but since space is limited in an apartment, you’ll probably be keeping the litter box in a high-traffic area, like the bathroom, a closet or near the doorway.Since you’ll frequently be near the...
4 Things You Shouldn’t Do around Your Christian Roommates
There can be some drawbacks to having Christian roommates, if you yourself have an opposing lifestyle. It is possible that your lifestyle choices may offend them. Here are four things you shouldn’t do around them. 1. Swearing Swearing in front of your Christian roommate is likely to offend them. Generally, Christians don’t...
What Information Is Required When Applying for Renter’s Insurance?
Filling out a renter’s insurance application is straightforward and easy to complete. Some insurance agents do the work for, and ask you the questions over the phone. You receive the completed application in the mail, sign it and return it. Here’s the general information required: Personal Information Any application for renters insurance...
State-to-State Moving Made Easy: A Guide
State to state moving is complicated, time consuming and expensive. It’s also often stressful. Regardless of how many times you have moved interstate, doing so never becomes simple. However, by following a few guidelines you can make your cross-country move easier. How Interstate Moving Companies Charge Interstate moving is expensive. Interstate moving...
How Finding Furnished Rooms for Rent Saves You Money
For busy workers trying to transfer to a new city, or other individuals seeking the glamour of a new residential destination, moving can be a pricey affair, and finding furnished rooms for rent can be a great solution. Those who move for jobs sometimes have company resources at their disposal,...
Mountain View Sunnyvale Palo Alto CA Real Estate Agent Properties, Los Alto, Menlo Park & Cupertino Homes for Sale
Twitter Updates of the Week for 2010-02-28
Is this the safest house in the world? 2 Panic rooms, 2 Safe "cores", Garage for 6 armored cars and a heli-pad…http://bit.ly/bu8RXf # Starting today: New Credit Card Laws in effect. So what's in it for you and me? http://bit.ly/chNmYe # Home prices slightly up in December in Major metro cities. Which ones?...
Twitter Updates of the Week for 2010-02-28
Is this the safest house in the world? 2 Panic rooms, 2 Safe "cores", Garage for 6 armored cars and a heli-pad…http://bit.ly/bu8RXf # Starting today: New Credit Card Laws in effect. So what's in it for you and me? http://bit.ly/chNmYe # Home prices slightly up in December in Major metro cities. Which ones?...
Twitter Updates of the Week for 2010-02-21
What does a "median" house look like in Palo Alto these days? SF Gate take a look… http://bit.ly/d9geLv # Latest findings: Rise in Asian homeowners in the Bay Area. http://bit.ly/aBVUkz # "If you're happy and you know it, clap your hands!" Silicon valley tops Gallup's poll of happy places to live. http://bit.ly/dl2Gnt...
Twitter Updates of the Week for 2010-02-14
Ever wonder, so how DOES Escrow really work? Look no further! Yahoo Real Estate chimes in Today. http://bit.ly/aFsXow # Breaking News:Confirmation that we all should lay off soft drinks; Soda consumption leads to risk of Pancreatic Cancer http://bit.ly/aqoR7Z # Rain Rain everywhere: How to make sure your home is prepared for Rain...
Twitter Updates of the Week for 2010-02-14
Ever wonder, so how DOES Escrow really work? Look no further! Yahoo Real Estate chimes in Today. http://bit.ly/aFsXow # Breaking News:Confirmation that we all should lay off soft drinks; Soda consumption leads to risk of Pancreatic Cancer http://bit.ly/aqoR7Z # Rain Rain everywhere: How to make sure your home is prepared for Rain...
Twitter Updates of the Week for 2010-02-07
Google provides new ways to view your home. But is it really a good thing?http://bit.ly/bXJCov # Rethinking Real Estate: A new approach to "Median" home prices; check sales data. http://bit.ly/cLmnsL # Planning for a Super Bowl Party? Tips on recipes, home decor, parties on a budget, entertainment for kids & more! http://bit.ly/aC5Jbq...
MND NewsWire
Fitch Ratings: Expiring Housing Incentives Likely to Increase Loan Losses this Year
Fitch Ratings is warning that the expiring homebuyer tax credits, the end of the Fed's MBS Purchase Program , and the growing maturity of various government loan modifications programs are likely to increase loss severities on distressed mortgage loans later this year. The report says that these factors as well...
USDA Rural Housing Funds to Run Dry by April. Lenders Already Dropping the Program
USDA Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities. There is no required down payment. The lender...
Freddie Mac Announces Cut Off Date for Interest Only Loan Apps
As reported on February 26 , Freddie Mac has decided to stop purchasing and securitizating loans utilizing the interest only payment option. Freddie's deadline for PURCHASING these loans was set as September 2010, however no application/LP approval date cut-off was provided in the bulletin. This deadline was announced yesterday in...
Fed MBS Program Update: 98.1% of Funding Used. Looming Exit Yet to Hurt Rates
The Federal Reserve reported on their weekly purchases of agency mortgage-backed securities (MBS). In the week ending March 10, 2010, the Federal Reserve purchased a gross total of $29.4 billion agency MBS. In that week the Fed sold $19.4 billion mortgage-backeds (supported the roll), for a net total of $10.0...
The Day Ahead: Euro Data Pushes Stocks up Ahead of Retail Sales
Equities are higher and the dollar is weaker following positive data from Europe and ahead of key retail sales numbers at home. More than two hours before the opening bell, markets edging higher with Dow futures are up 21 points to 10,569 and the S&P 500 pointing up by 2.25...
Foreclosure Filings Drop. Prevention Policies Distorting Supply and Demand
Today RealtyTrac® released its February U.S. Foreclosure Market Report. The RealtyTrac report shows that foreclosure filings, which include default notices, scheduled auctions, and bank repossessions declined 2 percent from January. A total of 308,524 properties in the United States received one of the listed notices during the month. This equates...
REMAX LAS VEGAS
Northwest Las Vegas Home for Sale
Northwest Las Vegas Home for Sale 2061 sq. ft - Two Story Located in Northwest 3 Bedrooms, loft, 2.5 Baths, GE Appliances, Refrigerator, Granite Counters, Birch Cabinets, Washer & Dryer, Window... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...
BEAUTIFUL SUMMERLIN HOME WITH LOTS OF UPGRADES. 4 BEDROOMS AND OFFICE WITH MASTER AND 2ND BEDROOM DOWNSTAIRS. SUMMERLIN BUILDER'S MOST POPULAR FLOOR PLAN. THIS SUMMERLIN LAS VEGAS IS SITUATED IN... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...
55+ Age Restricted Community Las Vegas
55+ Age Restricted Community Las Vegas. Beautiful new Madison model home in age restricted community with open floor plan. Open great room with thick plush carpeting and brand new wood flooring.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...
Las Vegas Foreclosure Condos for Sale
Las Vegas foreclosure condos for sale near Las Vegas Strip and Airport. Las Vegas foreclosure Condos for Sale in close proximity to all major Vegas attractions. Instant equity plus cash flow... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...
Las Vegas Gated Community Bank Owned Home
Las Vegas Painted Desert pool home located in gated golf course community. Five bedrooms with three baths and 2700 sq. ft. with three car garage. Solar heated pool with fireplace in master bedroom.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...
Las Vegas Bank Owned Strip Condos
Las Vegas Bank Owned Strip Condos beautiful with a great Las Vegas location. Only a few years old 1,2,3 bedrooms priced from $138K and above. Las Vegas Bank Owned Strip Condos. These Las Vegas condos... [[ This is a content summary only. Visit my website for full links, other content, and...
360Digest
One more reason to hate real estate agents
Boing Boing writes of a survey of the 1.9 million accounts on AshleyMadison.com, a dating site for people looking to cheat on their spouses, and come up with a list of the most would-be infidelitous....
Transcribed from the radio and the Hellickson website: “Hi, it’s Glenn Beck. You probably know how I feel about real estate. I have too many family and friends who have lost their savings, college fund, retirement money, even their own home. But here’s the thing. It doesn’t...
A pulse, a passing grade and a business card?
Marc Davison on the 1000 Watt blog recently wrote an article entitled “A pulse, a passing grade and a business card: raising the bar on real estate agent qualifications”, imploring brokerages to raise their hiring standards. I’m really torn about this idea. On the one hand, I...
Bank of America seizes the wrong house
Unbelievable story out of Florida, about BOA seizing the wrong house in a foreclosure. These poor homeowners weren’t even Bank of America customers, as they had paid cash for their home. Link HERE...
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Owner will carry contract on this unique property
A quick four-hour drive east of Seattle, a very unique property for sale on 57 acres. $3.9M with $300K down, balance at 7% interest only with a balloon in 3 years. Must submit offer with $10,000 earnest money deposit into escrow subject to inspection. There are no tours so,...
NYT > Commercial
Square Feet | The 30-Minute Interview: Robert I. Toll
Mr. Toll is the chairman and chief executive of Toll Brothers Inc., one of the country’s largest builders of luxury homes. ...
Walgreen to Buy Duane Reade for $618 Million
Walgreen will greatly expand its presence in New York City with a deal that is expected to close by August. ...
New Yorkers Ponder Sale of Duane Reade to Walgreen
The acquisition by Walgreen left some shoppers thinking about their emotional connection to a place as mundane as a drugstore. ...
Square Feet: In Des Moines, Downtown Revival Is a Team Effort
Public and private cooperation helped Des Moines add 3.8 million square feet of downtown office space in the last decade, and projects often move at a speedy pace. ...
With Big Takeover Bid, Simon Aims to Control 30% of U.S. Malls
General Growth Properties, the bankrupt mall company, rebuffed the unsolicited $10 billion offer from the Simon Property Group, calling the bid too low. ...
Push Begins for 2nd Stop on No. 7 Subway Extension
Fresh off a victorious effort to persuade the federal government to move the Khalid Shaikh Mohammed trial from New York City, the Real Estate Board of New York has turned its attention to the missing link in the No. 7 line. ...
MLBroadcast.Com Blog
Like so many others, 2009 wasn't a very good year for me. If you know me very well, you've got a pretty good idea of the endless stream of life challenges the year brought right up until the very end. I'm glad it's over and I'm beginning to feel rejuvenated...
This week's CORE brought 24 submissions that ran the usual gamut of self-promotion wrapped up in the absurdly obvious to insightful posts with fresh perspectives and topics. The following are the 3 picks I've selected from the submissions. There were some great hyper-local topics as well. I'll get them all...
I'll be hosting Monday's CORE. Be sure to submit your best posts!Copyright 2008, Michael A. Price...
This week's edition of CORE had 17 submissions. Here are my picks.Honorable Mention - Matt Swanson - GeekEstate BlogHow To Eliminate The Guesswork From Site DesignWhile I personally think there are many more intracacies and nuances of establishing a winning web presence, Matthew does a great job of exposing readers...
UPDATED: Podcast: Paul Chaney Discusses His Upcoming Social Media Book, The Digital Handshake
In the latest episode of Mike's Mic, Paul Chaney takes time to discuss his forthcoming book, The Digital Handshake. The book covers proven strategies geared toward small businesses interested in exploring how social media can be used productively and proactively. With the shelves stuffed full of tomes on how to...
Yahoo Launches New Real Estate Resource
I didn't make it to Inman Connect this year in SF but that hasn't stopped me from enjoying the steady stream of announcements and information coming from the event. I have been tracking #icsf in Twitter and following some of the live Qik streaming that a few people are doing...
Buy Owner Blog
15 Minutes to a Better Staged Home
You can’t learn too much about real estate without hearing this crucial truth: staging matters. Take our posts here at the Buy Owner Blog, for example, where we’ve given you 12 Tips for Staging to Sell, the Top 10 Staging Tips and tips on staging for summer, staging the backyard,...
Featured City: Pembroke Pines, FL
Make your new home in the award-winning city of Pembroke Pines, which offers proximity to parks, golf, beaches and highways. The second most populated city in Broward County, Pembroke Pines is an award-winning area that offers the best of South Florida living! Residents of this community enjoy access to...
Beating the Market: How to Sell Now!
It’s true the market shows signs of improvement, but it still has a long way to go before the term "buyers’ market" no longer applies. With so many homes available today, buyers have plenty to choose from, so you have to do all you can to make yours stand...
Have you always dreamed about living in a trendy industrial loft? What if you could do that without moving to a big city, giving up a backyard or paying a hefty price for your pad? The Buy Owner Blog is here to show you how to get the look...
According to a recent Wall Street Journal article, some green products featured at the 2010 International Builders' Conference have been slow to catch on. [...]...
As part of a special feature at the Buy Owner Blog, we’ll be highlighting cities throughout the nation, profiling their attractions and conveniences, as well as pointing out some currently for-sale homes in the area! Today's featured city: Hudson, Florida! Located south of the Florida Nature Coast and 40 minutes north of...
Lansner on Real Estate
Northern O.C. homebuying off 8%
For the 22 business days ending February 25 – freshest numbers from DataQuick — our region-by-region analysis of homebuying shows Orange County slices up geographically speaking this way … DataQuick identified 580 homes selling in Orange County’s north-inland ZIP codes in this most recent period, -2% from a year ago. Median selling price? $495,000 in...
Builder sees ‘pockets of strength’ in SoCal
Longtime homebuilding executive William H. McFarland has taken the reins as CEO of FNE Holdings LLC, the parent company of Irvine-based Fieldstone Homes. The 29-year-old Fieldstone has built nearly 26,000 homes in Southern California, Utah and Texas. In the past, McFarland served in various executive positions at the Irvine Co., overseeing...
Really? Flaws seen in Zillow ‘Zestimates’
Real estate news and views from around the globe that make you go, “Really?” OVERVALUED: Estimates of home values from Zillow.com may be no more accurate than homeowners’ estimates of value, according to a new study in The Appraisal Journal. (HousingWire) MORE HERE! U.K.’S PRICIEST: London’s Chester Square tops U.K. priciest list...
O.C. house sales below a year ago
For the 22 business days ending February 25 – DataQuick’s latest homebuying report — Orange County saw … For 22 business days ending Feb. 25 Slice Price Yr. ago Sales Yr. ago Houses $485,000 +12.8% 1,486 -0.5% Condos $290,000 +11.5% 776 +13.0% New $553,000 +15.9% 117 +58.1% All O.C. $420,000 +12.3% 2,379 +5.5% O.C. shoppers bought 2,379 residences — that is +5.5%...
For the 22 business days ending February 25 – DataQuick’s freshest stats — Orange County homebuying patterns showed: 56 of O.C.’s 83 ZIP codes had gains in their respective median selling price. Overall, prices were +12.3% vs. a year ago. Taking sales volume in consideration, home pricing is up in ZIPs representing 60% of the Orange...
85,000 O.C. real estate jobs gone
In January, Orange County real estate and finance bosses employed 199,200 workers, 24,600 below 2009 levels and 85,100 less than the recent cycle’s peak, by the state Employment Development Dept.’s freshly revised math. Job slice Last mo. Vs. ‘09 Vs. ‘09 Construction 65,800 -15,000 -18.6% • Construct buildings 13,900 -4,600 -24.9% • Heavy construction 6,500 -1,500 -18.8% • Specialty trades 45,400 -8,900 -16.4% Lending activities 32,000 -500 -1.5% • ...
Real Estate Market Conditions
Chicago, IL – Will County Housing Update for February 2010
County: Will Year to Year Comparison Month Feb-2009 Feb-2010 % Change % Sold Price to Asking Price 94% 95% 1% Sold Homes 300 314 5% Asking Price Per Home $ 205,871 $ 207,328 1% Sold Price Per Home $ 193,832......
Chicago, IL – McHenry County Housing Update for February 2010
County: McHenry Year to Year Comparison Month Feb-2009 Feb-2010 % Change % Sold Price to Asking Price 93% 95% 2% Sold Homes 139 163 17% Asking Price Per Home $ 210,004 $ 184,262 -12% Sold Price Per Home $ 196,291......
Chicago, IL – Lake County Housing Update for February 2010
County: Lake Year to Year Comparison Month Feb-2009 Feb-2010 % Change % Sold Price to Asking Price 91% 92% 1% Sold Homes 233 337 45% Asking Price Per Home $ 287,556 $ 328,258 14% Sold Price Per Home $ 262,281......
Chicago, IL – Kendall County Housing Update for February 2010
County: Kendall Year to Year Comparison Month Feb-2009 Feb-2010 % Change % Sold Price to Asking Price 97% 96% -1% Sold Homes 72 85 18% Asking Price Per Home $ 210,315 $ 208,298 -1% Sold Price Per Home $ 203,616......
Chicago, IL – Kane County Housing Update for February 2010
County: Kane Year to Year Comparison Month Feb-2009 Feb-2010 % Change % Sold Price to Asking Price 93% 95% 2% Sold Homes 187 271 45% Asking Price Per Home $ 213,952 $ 192,272 -10% Sold Price Per Home $ 198,246......
National Mortgage News Headlines
HAMP Mods Finally Gathering Steam
The pace of permanent Home Affordable Mortgage Program loan modifications is now averaging roughly 50,000 a month with the cumbersome government program finally getting its legs....
Downgrades Coming for Re-securitized MBS?
Moody's Investors Service has placed 40 RMBS re-securitization tranches with a current outstanding balance of $500 million on watch for possible downgrade....
Treasury Eyeing Nationwide Negative Equity Program
The Obama administration is working on a national program to address negative equity, but first it wants to test existing programs managed by state housing finance agencies....
4Q Lending Volumes Weakest of the Year, Refis Down
Mortgage bankers funded roughly $414 billion of new home loans in the fourth quarter, the industry's worst quarter of the year and an indication that production -- as anticipated -- will be weaker in 2010....
GMAC Plans to Correct RMBS Servicing Practice by April
GMAC Mortgage LLC's corrective actions related to an unusual servicing practice that could hurt ratings on nearly $6 billion of RMBS it services are scheduled for completion by April 1, according to a Moody's Investors Service report....
B of A Executive Takes Mortgage Jobs with Wells
Kevin Jackson, previously a director in convexity products at Bank of America Merrill Lynch, will be joining Wells Fargo Securities as part of the firm's efforts to bolster its residential financing, origination, and trading activities....
Housing Wire
Mortgage Rates Above 5% as 2009 Ends
The year ends with mortgage rates just over 5%, according to mortgage giant Freddie Mac [[FRE]]. According to Freddie’s weekly survey, the 30-year fixed-rate mortgage (FRM) averaged 5.14% with an average 0.7 point for the week ending Dec. 31. The rate is up from last week’s 5.05% and from the same...
HUD Eliminates 1% Cap on FHA Mortgages
The US Department of Housing and Urban Development (HUD) removed the 1% origination fee cap on loans insured by the Federal Housing Agency (FHA), according a mortgagee letter sent out this week. HUD made the change to remain consistent with the Real Estate Settlement Procedures Act (RESPA), which will require mortgage...
A look back: HW’s Top Stories of 2009
The end of the year is upon us — and what a year it’s been! Here’s a look at the top 5 most-read stories from HW this year. A Game of Credit Cost Smoke and Mirrors at Wells Fargo? Paul Jackson, April 9, 2009 This story about potential lurking credit costs at WFC...
UK Home Prices Climb 5.9% in 2009: Nationwide
Home prices in the UK climbed 5.9% in 2009, according to a report from the Nationwide Building Society. The average price of a home in the UK landed at £162,103 ($257,105) to end the year with an 8.9% rebound from their lowest point in February 2009, according to Martin Gahbauer, Nationwide’s...
Treasury Pumps $3.8bn More Into GMAC
The U.S. taxpayer now owns a majority interest in GMAC Financial Services, which this week received a capital infusion of $3.79bn from the US Treasury Department. The latest government-led effort to bolster GMAC’s capital base comes as part of a year-end effort to close a capital shortfall, per government stress...
In This Corner: Valligent CEO Jeremy McCarty
Jeremy McCarty is the CEO and chief valuation strategist of Roseville, Calif.-based Valligent. Formerly known as EAS, Valligent operates in the areas of national residential valuation and collateral risk management solutions, including appraisal review, proprietary valuation, loan pool reconciliation tie-out services, and appraisal underwriting. Jeremy has over 20 years of...
Foreclosure News
Miles from the Strip, visions of an upscale village dim
At the time, it probably sounded like a can't-miss pitch: Sunset-colored palaces....
Calif., 4 Other States Rush Plan For Housing Funds
CBS Making Home Affordable The five states hardest hit by the foreclosure crisis have only weeks to plan how to spend $1.5 billion in federal funding announced by the Obama administration last month....
Nationa s Housing: On write-downs, some tax issues
WASHINGTON With the Obama administration and private lenders now actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive -- or seek to receive -- such assistance if it's offered....
Struggling for a way out of a home worth less than the mortgage
Sondra Malone, 35, bought a house in Eastpointe, Mich., in 2005 with an adjustable-rate mortgage....
Georgia Foreclosures Up In February
Georgia's foreclosure problems grew a bit in February, according to RealtyTrac's February 2010 U.S. Foreclosure Market Report....
UPDATE 1-BofA, Wells gov't mortgage modifications up in Feb
Mortgage modifications at two of the largest U.S. banks rose in February under a government-backed program, according to data released on Friday....