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Featured News, US Real Estate

Bankrate's Greg McBride; "2013 Favorable for Borrowers"

By Phil Butler | January 7, 2013
Bankrate's senior financial analyst, Greg McBride, CFA, talked recently about the 2013 mortgage rate forecast . Today RealtyBizNews spoke with McBride about the news as it applies to industry professionals and consumers. Bankrate projects interest rates to remain steady at between 3.5 & 4.0 %.
US Real Estate

UDR and KFH Acquire Luxury Apartments in Washington, DC

By Tavis J. Hampton | December 21, 2011
UDR has announced a joint venture with Kuwait Finance House (KFH) to acquire 1301 Thomas Circle in Washington, DC, a luxury apartment community within walking distance of the White House. The deal is reportedly worth $154 million. 1301 Thomas Circle is a 292-unit luxury apartment community in the Logan Circle neighborhood, which is less than […]
US Real Estate

Home Properties Acquires Two Apartment Communities

By Tavis J. Hampton | December 16, 2011
Home Properties Inc. has revealed details about its purchase of two apartment communities:  The Gates of Deer Grove in Palatine, IL. for $20.2 million and The Courts at Dulles in Herndon, VA. for $92.75 million. With these transactions, Home Properties purchases for 2011 have reached $500.8 million. On November 30, Home Properties purchased The Courts […]
US Real Estate

Rep. Maxine Waters in Fight to Save Housing Programs

By Tavis J. Hampton | March 17, 2011
"Whose side are you on?" is a question Congresswoman Maxine Waters (D-Calif.) is asking a Republican-lead U.S. Congress that today voted to end the Neighborhood Stabilization Program (NSP), a government-sponsored initiative that would purchase and redevelop foreclosed and abandoned homes. The homeowners, Congresswoman Waters argues, are not suddenly all better, no longer needing government programs […]
Featured News, US Real Estate

Top Housing Official Jumps Ship For Lobbying Job

By Ryan Cox | March 17, 2011
Last week David H. Stevens announced he would step down as commissioner of the Federal Housing Administration, and this week its being announced that he will be named the next chief executive of the Mortgage Bankers Association (MBA). During his two-year stint in the Obama administration, he was a key adviser on housing-finance policies. He will succeed John A. Courson, a former mortgage banker who took the helm of the MBA in 2008. Mr. Courson’s departure is seen as a unexpected upheaval to a trade association that has had an extremely vociferous three year period.
Featured News, Home Builders/Developer's

FHLBank San Francisco Gives $36.6M in Housing Grants

By Tavis J. Hampton | February 23, 2011
The Federal Home Loan Bank of San Francisco announced the second round of winners in its 2010 funding competition, awarding $36.6 million in Affordable Housing Program (AHP) grants.  The grants will help fund 60 projects with affordable housing needs in Nevada, Illinois , Colorado, New Jersey, Washington, California, and Arizona.  The projects will help create […]

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