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Real Estate Today 8-10-2012

10 Aug

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Q&A: House Flipping Still at Home on Reality TV
The Wall Street Journal | August 9, 2012
Boom or bust, flipping never really goes out of style, particularly on reality TV. (There are lots of risks involved in flipping houses.  I strongly recommend against it unless you have lots of experience AND lots of cash so you won’t need to borrow.  But if you believe everything you see on tv, the toughest thing a flipper might deal with is bees. ~Anthony)

In Real Estate Deal, Romney Made His Loss a Couple’s Gain
The Washington Post | August 9, 2012
Look closely and it is there, sandwiched between Goldman Sachs Hedge Fund Partners II and D3 Family Bulldog Fund: the mortgage on Timothy and Betty Stamps’s modest home on Gentle Bend Drive here.

Median Home Price Takes Biggest Jump Since 2006
The Wall Street Journal | August 9, 2012
Fewer deeply discounted foreclosures are being sold these days, and that means the median price of homes sold in the U.S. is on the rise.

LPS: Refinancing Surge for High-interest, Underwater Borrowers
HousingWire | August 9, 2012
High-interest borrowers in negative equity are refinancing – or prepaying out of their bonds – at a rate four times higher than at the end of last year, according to Lender Processing Services.

Paulson’s Latest Housing Bet: $17 Million of Las Vegas Land
The Wall Street Journal | August 9, 2012
John Paulson is betting on a U.S. housing industry recovery, and he just raised the stakes.

Builder confidence in older homeowners more than doubles
HousingWire | August 9, 2012
Builder confidence in the single-family housing market for mortgage borrowers aged 55 and older improved in the second quarter from a year ago, according to the National Association of Home Builders.  (We’d love your thoughts on how you think this demographic will affect your market area.  In Spokane, we have a higher percentage of retirees than the average American community. How will that affect new construction here, if at all? ~Anthony)

Entire Crounty’s Tax Foreclosures Bought Up
RealtorMag | August 9, 2012
The municipal government in Macomb County, Michigan, sold off its entire “inventory” of tax-foreclosed properties — 650 total — to a single buyer for $4.8 million.

Two great articles below on the “Eminent Domain” issue:

FHFA Pushes Back on Eminent Domain Policy in California
The MReport.com | August 9, 2012
FHFA issued a notice Wednesday to warn of the controversial use of eminent domain recently proposed in San Bernardino County.

Eminent domain, wrongly redefined
HousingWire | August 9, 2012
Eminent domain is supposed to be used for putting in a highway, building a bridge, benefiting everyone by promoting growth and driving jobs. In San Bernardino, they’re hoping that if they can just reset values, people will start paying taxes again and generate the revenue they need to pay civil servants. You don’t want to live where there is limited police, garbage collectors or firemen, trust me.

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1 Comment

Posted by on August 10, 2012 in Real Estate news

 

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One response to “Real Estate Today 8-10-2012

  1. Realtor Chicagoland

    August 15, 2012 at 11:11 am

    As always great links

     

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