December 21st, 2007
Texas project ranks as magazine’s top green development
A 711-acre redevelopment of an old municipal airport in Austin, Texas, ranks as the top green housing development by Natural Home magazine.
A 711-acre redevelopment of an old municipal airport in Austin, Texas, ranks as the top green housing development by Natural Home magazine.
Is it real or a mirage? That’s what mortgage and real estate pros are asking themselves following the news that the number of foreclosures actually dropped in November.
Fannie Mae, which the Associated Press reports funds one of every five home loans in the United States, has written off $185 million of mortgage loans made to homeowners in Michigan and $101 million to those in Ohio. This means that Fannie Mae has decided that it has no chance of recovering any payment on these loans.
If you’re tired of the U.S. residential real estate market’s struggles, you might consider moving, to China.
The country’s mortgage mess is a result of a lot of people taking out stupid loans. Many of these people have fine credit. They just took out a loan that made little sense.
How does a nationally known real estate powerhouse make it through today’s struggling housing market? Why not attract buyers from China, India and England?
The vast majority of mainstream borrowers with good credit applying for moderately sized loans are happy with their mortgage lenders.
Crain’s Chicago Business, a top business newspaper, reported in early December that a Mandarin Oriental hotel/condominium project near Chicago’s Millennium Park is facing financial difficulties that may be enough to scuttle the highly anticipated project.
The Remodeling Market Index put out by the National Association of Home Builders showed that residential remodeling activity increased slighly during the third quarter of this year. Remodeling activity isn’t as strong now as it was during the residential housing boom, of course, but sometimes you have to take your good news when you can find it.
Sometimes, no matter how hard you try, it’s impossible to spin bad news into good news. At least give the National Association of Realtors points for trying.
your one-stop real estate info blog!
Written by Dan Rafter [email] for b5media.
Accounting Solver
Behind The Buzz
Biz Chicks Rule
Biz Levity
Boss Hatch
Brandcurve
Business & Blogging
Buzz Networker
Common Sense PR
Contract Worker
Copyblogger
Daily Blender
Digital Money World
Doing Biz Abroad
E-shop Owner
Everyday Networker
Franchise Pick
Greener Assets
Health Care Insiders
Home Biz Notes
Interview Chatter
Just Make Money Online
Leadership Turn
LifeDev
My Organized Biz
One Vote Matters
Pimp Your Work
Project Management 411
Property Crossroads
Second Life Pros
Slacker Manager
Small Business Boomers
Startup Spark
Successful Blog
Talk Stock Trading
Taxgirl
The 501(c) Files
The Golden Pencil
Viva el Negocio
Work Boxers
Yielding Wealth
Recent Comments