Today’s news that may be of interest to you:
Millions More U.S. Homeowners to Rent, Pimco’s Simon Says
Bloomberg | April 24, 2012
The U.S. homeownership rate may fall two percentage points to 64 percent, below historic norms, amid about six million additional foreclosures and tight lending standards, according to Pacific Investment Management Co.’s Scott Simon.
Housing Market may be on Rebound at Last
The Los Angeles Times | April 24, 2012
The housing market’s long, cold winter may finally be heading into a springtime thaw. New datashow price declines easing in big cities, sales of new homes improving nationally and foreclosures in California dropping to levels not seen since before the start of the credit crunch nearly five years ago.
REITs Spring an Unnerving Surprise
The Wall Street Journal | April 24, 2012
During the decade leading up to the downturn, some small investors put their money into a special type of real-estate investment trust, ones that aren’t traded on an exchange but promised steady dividends.
Home Prices at Near Post-Crisis Low
The Washington Post | April 24, 2012
New data show a U.S. housing market that is continuing to struggle but is perhaps nearing a bottom, with new home sales falling and prices remaining near their post-crisis low. The latest survey from S&P/Case-Shiller noted basically stagnant prices from January to February.
Housing Downturn Spurs a Boom in Foreclosure-to-Rental Conversions
The Washington Post | April 25, 2012
Gene Richards is a lifelong Vermonter, but on a recent weekday afternoon he found himself back on Florida’s west coast, scouting foreclosures to add to the collection of rental properties he has amassed in the wake of the housing crisis.
Economy’s recovery caught between opposing forces
USA Today | April 25, 2012
For the past two years, forecasters have overpromised, as bullish predictions for 2010 and 2011 fell short. Last year’s hoped-for recovery soon faded in the fallout from Japan’s earthquake, coupled with Washington’s flirtation with defaulting on the national debt.
Starbucks to open 6 stores in Disney theme parks
Fox News | April 24, 2012
Starbucks is about to perk up “the happiest place on earth.” (Lest we forget it’s all about location, location, location. (:-) ~Anthony)
Anthony V. Carollo / President
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