Featured News, Home Builders/Developer's, US Real Estate

5.7% Rise in New Single-Family Home Sales

By Mike Wheatley | October 28, 2011
After seeing sales of new single family homes decline for four straight months, we finally saw a rebound during September, with new home sales in this category rising by 5.7%, according to the Commerce Department. Associated Press reported that one of the biggest reasons for the jump was that builders finally saw sense and reduced […]
Featured News, Real Estate, US Real Estate

A Changing Landscape - Suburban Poverty on the Rise

By Mike Wheatley | October 26, 2011
Soaring poverty levels in suburban USA are forcing a growing number of suburban communities to rethink how they can best serve their residents. The New York Times has reported that nationwide, 55% of the country’s poorest people in urban areas are now living in city suburbs, a huge increase from the 49% recorded back in […]
Featured News, Real Estate, US Real Estate

Federal Regulators Plan to Overhaul Mortgage Refinance Program

By Allison Halliday | October 25, 2011
Plans have just been revealed for federal regulators to overhaul a mortgage refinance program, and the White House hopes this will help to revitalize the housing market. This latest overhaul would allow homeowners to refinance their mortgages regardless of whether or not they are "underwater," making this extremely significant for those homeowners in states where […]
Featured News, Real Estate, US Real Estate

Visa Incentive for Foreign Buyers Proposed

By Mike Wheatley | October 24, 2011
A new bill recently mooted in the Senate would allow foreign nationals who spend a minimum of $500,000 on a home in the country to apply for a special visa that would grant them the right to reside in the U.S. While the bill is designed to encourage foreign nationals to invest in U.S. residential […]
Featured News, Mortgage, US Real Estate

Mitt Romney Says Banks Should Be Allowed to Proceed with Foreclosures

By Mike Wheatley | October 20, 2011
Republican Presidential candidate Mitt Romney has stated that he believes that the best way to help housing markets to recover is to let home foreclosures “hit the bottom”. Speaking to the Las Vegas Review Journal ahead of a presidential debate in Nevada, Mr. Romney said that he thought banks should be allowed to carry through […]
Featured News, Mortgage, US Real Estate

Banks Are Lending Money Again, But Not To Everyone Of Course...

By Mike Wheatley | October 19, 2011
What with the economy continuing to flounder, you might be surprised to learn that a rather unusual thing has happened. Banks have started lending more money again. According to the New York Times, banks have once again increased the flow of the borrowing tap, and loan growth, despite the fact it is still at a […]
Featured News, US Real Estate

Dana Point, California Beachfront Estate Auction

By Phil Butler | October 15, 2011
In a bit of interesting property news from California, the auction of an exclusive beachfront estate, The Beach House at Dada Point, brings to mind days gone by. The roaring 20's, Hollywood movie moguls, and the first inklings of what Southern California would resemble today.

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