Archives for December 2011

Taubman Acquires Nashville and El Paseo Shopping Centers



Taubman Centers Inc. has announced its acquisition of two prominent shopping centers in El Paseo, California and Nashville, Tennessee. Taubman purchased the properties in a deal valued at approximately $560 million. In Paseo, Taubman acquired The Gardens on El Paseo and El Paseo Village, two adjacent properties that cater to high-end retail and tourism. Offering […]

Market Watch Kennebunkport – Playground of The Elite



Although Kennebunkport, Maine is a small town of about 1,400 people, its size belies the number of notable persons among its citizenry. For example, few people are unaware that it’s the summer home of ex President George H.W. Bush, but it’s unlikely that many realize it’s also the home of Wiley Miller, creator of the […]

FHA “Flipping” Waiver Is Good News For Investors And Home Buyers



HUD, and FHA are finally beginning to demonstrate some rare common sense in realizing the value that real estate investors can bring to today’s housing market. The announcement by FHA that they will extend the waiver of “Anti-Flipping Regulations” through 2012 should be welcome news to the entire real estate industry, and the entry-level home buyers who will benefit from this waiver.

Is Your Income Enough For a Mortgage?



One of the biggest problems being faced by both potential buyers and homeowners seeking to refinance is being able to prove that they have enough income to be able to meet the payments.

FHFA to Review Foreclosure-Rental Proposals



More than 400 viable proposals have been received by the FHFA on how it should try to deal with the large number of foreclosures that continue to plague real estate markets across the nation.

NorthStar California Resort Will Feature Ski-in/Ski-out Homes



Do you love skiing? Do you get tired of lugging around all of your ski equipment and riding ski lifts to get to the top of the slopes? Do you wish you could just wake up in the morning, stick on some skis and get to it? East West Partners seems to think many people […]

Foreclosure Process Takes Twice as Long



The average length of a foreclosure process has more than doubled since the housing crisis gripped the nation in 2007. Back then, the average length of time for a home to be foreclosed was just 253 days. Now, the average length of a foreclosure process is almost two years – 674 days, to be absolutely precise.

More Australian Home Owners May Be “Under Water” in 2012



Real Estate experts expect Australia’s home prices to continue to fall in 2012, and that means more  homeowners may find themselves “under water”. Those homeowners who have negative equity, owing more than the original cost of their homes, is still a small percentage, but it is expected to grow as home prices drop. Australia’s real […]

Pittsburgh is “Most Secure Place to Live” in the USA



Which cities in the US are the safest places to live? Those concerned with crime levels or obsessed with nostalgia for the days when they could leave their front doors unlocked while they popped out to the store will no doubt be pondering this question. The Farmers Insurance Group of Companies recently released its eighth […]

Looking ahead to 2012



What’s in store for housing markets in 2012? Well, the good news is that we may finally be over the worst. Following five long, often painful years of price declines, which saw median home prices drop by almost 40%, housing is finally showing signs of a rebound – although we still have some way to go.

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