Houston Chronicle, Nov. 13, 2015–Sarnoff, Nancy Properties next to premier public green spaces often command a more than 20-plus percent value premium. Even parcels 1,000 feet away from a park see 5 to 10 percent preimums, said a Houston-based real estate services firm that specializes in property valuation.
Category: Top National News
Orange County Mortgage Lender LoanDepot Pulls IPO
Los Angeles Times, Nov. 13, 2015–Koren, James Rufus Orange County mortgage lender LoanDepot is the latest company to delay an initial public offering, pulling its IPO Thursday afternoon.
The Mystery of Metro Phoenix’s Stolen Real Estate ‘For Sale’ Signs
Arizona Republic, Nov. 13, 2015–Reagor, Catherine
For sale signs are disappearing all over metro Phoenix. And not just because the houses have sold.
As Investors Buy Up Downtown Real Estate, Some Buildings Face Rehab Hurdles
Crain’s Detroit Business, Nov. 14, 2015–Pinho, Kirk
From Capitol Park to Merchants Row, from Paradise Valley to the financial district, downtown Detroit’s roster of vacant and neglected historic buildings is dwindling.
The Last Time the Fed Raised…the iPhone Didn’t Exist
Barron’s, Nov. 13, 2015–Levisohn, Ben Wellington Shields’ Frank Gretz noted that the last time the Fed raised rates the iPhone didn’t exist and offered his thoughts on a potential hike.
Cashing in on Home Equity
New York Times, Nov. 13, 2015–Prevost, Lisa
Rising home prices are raising equity levels, and homeowners are cashing in on these gains.
A Small Bank’s Big Victory Against Mortgage Fraud Prosecution
National Mortgage News, Nov. 13, 2015–Lindorff, David
In the wake of the financial crisis, only one bank is believed to have faced a criminal trial on charges of mortgage fraud. A Jury in New York state court acquitted the bank of all charges this summer.
Mortgage Lenders Need to Act Now or Miss the Millennial Market
HousingWire, Nov. 13, 2015–Messerli, Kristin
The “real opportunity” may be passing us by, as Millennials already hold a significant share of the market and trends suggest a significant increase in purchases over the next year.
On Capitol Hill, Another Banking Battle Brews
Wall Street Journal, Nov. 15, 2015–Tracy, Ryan
As Congress scrambles to wrap up its budget for this year, banks and their political allies are angling to insert rule-reduction measures-and bracing for a new fight.
Parties’ Divide on the Economy Widens
Wall Street Journal, Nov. 15, 2015–Timiraos, Nick
Democrats and Republicans, based on their recent presidential debates, are set to offer voters a stark choice in 2016 about how the economy should be managed, with both sides moving toward the outer flanks of their parties.