Source: http://www.mplsrealtor.com/downloads/market/FSS/fss_2011-04.pdf
Friday, August 31, 2012
Foreclosures and Short Sales - April 2011
A comprehensive, monthly view of the foreclosure and short sales situation in the Twin Cities housing market.
Flood Insurance Hits a Bigger Swath
New York area residents applying for mortgages to buy a new home or refinance an existing one are bumping up against a new obstacle: flood insurance.
Sag Harbor Lighthouse Home Is a Waterfront Hamptons Beauty (House of the Day)
Filed under: News, House of the Day
This home is the winner of last week's #housepornthurs, a weekly Twitter conversation hosted by @aolrealestate in partnership with Curbed.com. (See Curbed's #housepornthurs feature here.) Tweet listings to AOL Real Estate with the hashtag #housepornthurs every Thursday for a chance to have one of your submissions featured as a House of the Day the following week.
This week's #housepornthurs winner was submitted by @SohamptonPatch.
Tucked away in the posh Hamptons beach community of Sag Harbor, N.Y., this nautically themed house, priced at $6.7 million, presides over 150 feet of Long Island beachfront that is the envy of old-money business moguls everywhere.
"Lighthouse on the Bay" is set on a 1.7-acre plot nestled against a wildlife estuary. The home's crowning feature is a shingled lighthouse with windows that offer jaw-dropping panoramas.
%Gallery-163746%
There are three master suites -- including one with a staircase that winds up to the lighthouse's turret, which houses an observatory -- and two guesthouses.
The home is girded in wrap-around decks that take full advantage of the location, looking out onto water that the listing suggests is deep enough to moor a yacht only a short distance from the property's beach.
Brown Harris Stevens has the listing.
Click through the images below to see other homes in Sag Harbor, N.Y.:
See more Houses of the Day on AOL Real Estate.
Got a tip for House of the Day? Know of an exceptional or unusual property currently listed for sale? Please email harris.effron@teamaol.com with your suggestions and be sure to include links to listing details and photos. (Due to the volume of response, we unfortunately are unable to reply to each submission.)
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
See celebrity real estate.
Thursday, August 30, 2012
Square Feet: National Retailers Discover Fulton Street Mall in Brooklyn
The Fulton Street Mall has been changing in recent years, as national retail chains take the places of local sneaker stores and jewelry repair shops.
enotes - April 11, 2011
MAAR's weekly electronic newsletter for the week of Apr 11, 2011.
Source: http://www.mplsrealtor.com/downloads/enotes/2011_04-11.htm
Wednesday, August 29, 2012
In Thailand, an Artistic Bachelor Pad
This single-bedroom villa in southern Thailand has a home automation system, a see-through swimming pool and plenty of sculptures and paintings.
Tuesday, August 28, 2012
Habitats | Mulberry Street: Mulberry Street/Habitats ? In the Thick of Little Italy
A couple?s loft is on a block that is among the last remnants of an increasingly shrunken Little Italy.
Case-Shiller Index June 2012: Home Prices Rise for 3rd Straight Month
By Martin CrutsingerWASHINGTON -- U.S. home prices rose in June from the same month last year, the first year-over-year increase since the summer of 2010. The increase is the latest evidence of a nascent recovery in the housing market.
The Standard & Poor's/Case-Shiller home price index released Tuesday showed a gain of 0.5 percent from June 2011.
The last time the year-over-year index increased was in September 2010. For much of that 12-month period, the government was offering a home-buying tax credit.
The report also showed that all 20 cities tracked by the index rose in June from May, the second consecutive time in which every city posted month-over-month gains. And all but two cities posted stronger gains in June than May.
Detroit, Minneapolis, Chicago and Atlanta recorded the biggest one-month gains.
"The combined positive news coming from both monthly and annual rates of change in home prices bode well for the housing market," said David Blitzer, chairman of the S&P's index committee.
Jonathan Basile, an economist with Credit Suisse, said improving home prices should boost home sales further in the coming months.
"Persistent news of rising house prices should start convincing prospective home sellers that it's not just a buyers' market," Basile said. "And when Americans become more comfortable with selling their home, they also become more comfortable with buying another one."
The S&P/Case-Shiller monthly index covers roughly half of U.S. homes. It measures prices compared with those in January 2000 and creates a three-month moving average. The June figures are the latest available.
The increases partly reflect the impact of seasonal buying. The month-to-month prices aren't adjusted for seasonal factors.
Still, a measure of national prices rose for the third straight month. Home prices jumped nearly 7 percent in the April-June quarter compared to the previous quarter.
The housing market is making a modest but steady recovery in part because homes are more affordable: Mortgage rates have fallen to near-record lows. Housing prices are about one-third lower than at the peak of the housing bubble in 2006. Those trends have helped lift sales of both new and previously occupied homes.
Sales of previously occupied homes increased in July from June, the National Association of Realtors said last week. Sales have jumped 10 percent in the past year.
Builders are growing more confident after seeing more traffic from potential buyers. Last month they applied for the largest number of building permits in nearly four years last month.
The housing market has a long way to go to reach a full recovery. Some economists forecast that sales of previously occupied homes will rise 8 percent this year to about 4.6 million. That's still well below the 5.5 million annual sales pace that is considered healthy.
Sales have been held back by a low supply of homes on the market and tight credit standards, economists said. Many would-be buyers are having trouble qualifying for loans or can't afford larger down payments being required by banks. A Federal Reserve report last month showed that many banks tightened their mortgage credit standards this summer.
Still, the housing market is steadily improving and is poised to contribute to economic growth this year. Modest economic growth and job gains are encouraging more Americans to buy homes.
%Gallery-114302%
See also:
Those Mortgages Blamed for Housing Crisis? They're Back
5 Things That Can Derail Your Home Sale
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Find homes for rent in your area.
Follow us on Twitter at @AOLRealEstate or connect with AOL Real Estate on Facebook.
The 200+ - June 2011
MAAR's tracking tool for local housing market activity has been updated with data through June 2011.
Monday, August 27, 2012
Where homebuying is most (and least) affordable
Looking for an affordable home? Here are 5 cities that are good bets, and 5 cities where owning is tough.
Source: http://rss.cnn.com/~r/rss/money_realestate/~3/897K8K4E_MY/index.html
Mike Hoffman Named REALTOR� of the Year
Also noting other award winners in the local real estate industry.
Source: http://www.mplsrealtor.com/downloads/inside/press-releases/news_2011-04-2.pdf
Sunday, August 26, 2012
enotes - February 28, 2011
MAAR's weekly electronic newsletter for the week of February 28, 2011.
Source: http://www.mplsrealtor.com/downloads/enotes/2011_02-28.htm
condo price Minneapolis condo renting Minneapolis condo sales Minneapolis
Home sales climb 2.3% in July
Sales of existing homes climb as Americans step up while they can still find bargains.
Source: http://rss.cnn.com/~r/rss/money_realestate/~3/7w8EI5WRTSI/index.html
A Snowbird's Alternative in Mexico
A Chicago native searched south of the border for a vacation home without a touristy feel.
real estate and minnesota real estate builders real estate condos
Saturday, August 25, 2012
CBO: Looming recession likely to curtail mortgage credit
?Such fiscal tightening will lead to economic conditions in 2013 that will probably be considered a recession, with real GDP declining...and the unemployment rate rising to about 9% in the second half of calendar year 2013,? the CBO said.
Monthly Market Indicators - March 2011
A comprehensive look at the entire Twin Cities housing market in one location.
Source: http://www.mplsrealtor.com/downloads/market/MMI/archive/mmi_2011_03.pdf
real estate for sale in minnesota real estate home for sale real estate in minneapolis
Friday, August 24, 2012
Monthly Market Indicators - June 2011
A comprehensive look at the entire Twin Cities housing market in one location.
Source: http://www.mplsrealtor.com/downloads/market/MMI/archive/mmi_2011_06.pdf
CBO: Looming recession likely to curtail mortgage credit
?Such fiscal tightening will lead to economic conditions in 2013 that will probably be considered a recession, with real GDP declining...and the unemployment rate rising to about 9% in the second half of calendar year 2013,? the CBO said.
condominium floor plans condominiums Mpls condominiums Minneapolis
Thursday, August 23, 2012
In the Region | Connecticut: Connecticut ? A Discrimination Suit Against Part of Litchfield
A lawsuit alleges that the Winchester Housing Authority in Litchfield County illegally barred African-Americans and Hispanics from applying for affordable housing.
Source: http://feeds.nytimes.com/click.phdo?i=93e52d1c60c2ffee4ef07d6922f4a21f
buy a condo Minneapolis buy condo city apartments minneapolis
Wednesday, August 22, 2012
enotes - July 11, 2011
MAAR's weekly electronic newsletter for the week of July 11, 2011.
Source: http://www.mplsrealtor.com/downloads/enotes/2011_07-11.htm
Up on the Roof in London
This recently refurbished four-bedroom period home in London has a sliding glass roof that opens up to create a terrace.
Tuesday, August 21, 2012
Price your house to sell quickly
If home lacks features of recent comps, it's time to subtract value
Source: http://feedproxy.google.com/~r/inmannews/~3/glPupW_VDU8/price-your-house-sell-quickly
Occupy Our Homes Launches TV Ad Campaign to Fight Foreclosures
Filed under: News
Occupy Our Homes, an offshoot of the Occupy Wall Street movement, launched a national ad campaign this week aimed at inspiring beleaguered homeowners to battle foreclosure and eviction. The organization has created a foreclosure-resistance template and support network that it hopes borrowers will use to fight off repossession of their homes.
The group has affiliates across the country, and some of them have already helped a number of distressed homeowners stave off foreclosure.
Five of these homeowners appear in the ad, including a veteran, Bobby Hull, who obtained a loan modification after local OOH affiliates staged an extended sit-in at his property last year. AOL Real Estate reported on the sit-in in its early stages.
The ad closes with a plug for the group's website, OccupyOurHomes.org, which directs homeowners to the organization's affiliates and provides a field manual for battling foreclosure by using Occupy sit-in tactics.
Visitors to the website can use an online tool called "start an occupation," which enlists the support of OOH groups committed to defending homeowners at risk of foreclosure.
"When there have been cases that have come to light in various communities, we've seen a real uptick in interest of people reaching out to us for help, checking out the resources we have available," said Occupy Our Homes spokesperson Han Shan about the purpose of the ad.
OOH said it raised $34,496 for the campaign using crowd-funding website LoudSauce.com. The ad, which will appear on networks including CNN, Fox and MSNBC, is part of the "Occupy Spots" project, a joint effort between Occupy Wall Street and LoudSauce.com "whose goal is to provide an alternative to Super PACs by funding ads by and for the 99 percent."
"It's about trying to take to the airwaves," Shan said.
See also:
Woman Nearly Loses Home Over Tax Bill That Wasn't Hers
Homeowner Staves Off Eviction With Help from Occupy Detroit
Who Lives in Famous Murder Homes Now
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Find homes for rent in your area.
Follow us on Twitter at @AOLRealEstate, or connect with AOL Real Estate on Facebook and Pinterest.
Permalink | Email this | Comments
Source: http://realestate.aol.com/blog/2012/08/16/occupy-our-homes-launches-tv-ad-to-fight-foreclosures/
Monday, August 20, 2012
Staid Connecticut mansion hosted wild parties: $10.95M
House of the Week: from Curbed.com
condo floor plans Minneapolis condo for lease Mineapolis condo for rent minneapolis
Mortgage rates rise for third straight week
The Freddie Mac survey showed the 30-year, fixed-rate mortgage averaged 3.62% for the week ending Thursday, up from last week?s rise to 3.59%.
rent apartments downtown rent apartments minneapolis rent condo
Sunday, August 19, 2012
enotes - May 31, 2011
MAAR's weekly electronic newsletter for the week of May 31, 2011.
Source: http://www.mplsrealtor.com/downloads/enotes/2011_05-31.htm
Cuningham Group Architecture acquires Hutton Design Studios
Cuningham Group Architecture Inc. has acquired a small Denver-based architecture firm called Hutton Design Studios. Minneapolis-based Cuningham, which is the fourth-largest architect in the Twin Cities based upon local revenue, has 169 employees in Minneapolis and 251 employees total. Hutton has 14 employees. Hutton specializes in designing educational facilities and houses of worship, particularly in the Rocky Mountain West, Timothy Dufault, CEO of Cuningham Group., said in a news release. Cuningham?
rent a condo rent apartments downtown rent apartments minneapolis
Saturday, August 18, 2012
San Bernardino to consider next step on eminent domain plan
A newly formed county agency will determine whether it will issue a request for proposals. If the agency decides to move ahead, it will issue a request for proposals at its next meeting, which has yet to be scheduled.
Verde Sale Questioned
Verde, a REIT established to develop and buy properties on both sides of the U.S.-Mexican border, is recommending a buyout proposal that deeply discounts the original price of the shares, and some investors aren't happy with the terms.
condo floor plans condo for lease condo downtown Minneapolis
Occupy Our Homes Launches TV Ad Campaign to Fight Foreclosures
Filed under: News
Occupy Our Homes, an offshoot of the Occupy Wall Street movement, launched a national ad campaign this week aimed at inspiring beleaguered homeowners to battle foreclosure and eviction. The organization has created a foreclosure-resistance template and support network that it hopes borrowers will use to fight off repossession of their homes.
The group has affiliates across the country, and some of them have already helped a number of distressed homeowners stave off foreclosure.
Five of these homeowners appear in the ad, including a veteran, Bobby Hull, who obtained a loan modification after local OOH affiliates staged an extended sit-in at his property last year. AOL Real Estate reported on the sit-in in its early stages.
The ad closes with a plug for the group's website, OccupyOurHomes.org, which directs homeowners to the organization's affiliates and provides a field manual for battling foreclosure by using Occupy sit-in tactics.
Visitors to the website can use an online tool called "start an occupation," which enlists the support of OOH groups committed to defending homeowners at risk of foreclosure.
"When there have been cases that have come to light in various communities, we've seen a real uptick in interest of people reaching out to us for help, checking out the resources we have available," said Occupy Our Homes spokesperson Han Shan about the purpose of the ad.
OOH said it raised $34,496 for the campaign using crowd-funding website LoudSauce.com. The ad, which will appear on networks including CNN, Fox and MSNBC, is part of the "Occupy Spots" project, a joint effort between Occupy Wall Street and LoudSauce.com "whose goal is to provide an alternative to Super PACs by funding ads by and for the 99 percent."
"It's about trying to take to the airwaves," Shan said.
See also:
Woman Nearly Loses Home Over Tax Bill That Wasn't Hers
Homeowner Staves Off Eviction With Help from Occupy Detroit
Who Lives in Famous Murder Homes Now
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Find homes for rent in your area.
Follow us on Twitter at @AOLRealEstate, or connect with AOL Real Estate on Facebook and Pinterest.
Permalink | Email this | Comments
Source: http://realestate.aol.com/blog/2012/08/16/occupy-our-homes-launches-tv-ad-to-fight-foreclosures/
Friday, August 17, 2012
3 secrets to getting buyers off the fence
Agent reveals tricks of the trade after closing $2 billion in single-family deals
Source: http://feedproxy.google.com/~r/inmannews/~3/D9S3xi-T46U/3-secrets-getting-buyers-fence
Weekly Market Activity Report - March 7, 2011
MAAR's Weekly Market Activity Report for the Twin Cities ? Week of March 7, 2011.
Source: http://www.mplsrealtor.com/downloads/market/WMAR/Archive/WMAR_2011_03-07.pdf
Thursday, August 16, 2012
Startup rolls out online rental application tool
Free service allows property managers, landlords to manage tenant applications paperlessly
condominiums for sale condominiums for sale in minneapolis condominiums for sale minneapolis
House Within a House
This award-winning six-bedroom property in north London, owned by leading British designers John and Frances Sorrell, wraps around an existing home.
condo in minneapolis condo investment Minneapolis condo kitchens Minneapolis
Wednesday, August 15, 2012
Proposed Rules Could Help Homeowners Avoid Foreclosure 'Surprise'
By Christopher MaagA proposal from the government's consumer lending watchdog would protect homeowners from unexpected fees, poor service and costly errors caused by companies that collect their monthly mortgage payments. The new rules, proposed by the Consumer Financial Protection Bureau, also would require mortgage servicers to make homeowners' monthly mortgage statements much easier to understand.
"These proposed rules would offer consumers basic protections and put the 'service' back into mortgage servicing," Richard Cordray, director of the bureau, said in a press release. "The goal is to prevent mortgage servicers from giving their customers unwelcome surprises and runarounds."
The first set of rules concerns disclosure. In addition to mortgage statements that clearly explain the loan's principal, interest, fees, and the next due date, servicers would be required to warn homeowners sooner about interest rate increases on variable rate mortgages, and tell delinquent borrowers about their options before hitting them with foreclosure. Servicers have been criticized in recent years for charging excessive fees, and failing to have the documents required to prove that they have the right to foreclose.
That could become especially important in coming years, says Gerri Detweiler, Credit.com's consumer credit expert, since mortgage interest rates are currently at record lows. Rates have nowhere to go but up, which could cause problems for homeowners whose interest rates are variable and tied to indices such as the prime rate.
'Second Wave of Housing Problems'
"There's an awful lot of borrowers still sitting on adjustable rate loans," Detweiler says, "and when rates start to go up again, they are going to be in trouble. If they aren't prepared for that, it's going to create a second wave of housing problems."
The other set of rules proposed by the bureau would force servicers to improve their internal procedures. Servicers would be required to hire enough workers to answer homeowners' questions, correct errors quickly, and offer homeowners options to avoid foreclosure.
Servicers have been accused of making mistakes that incorrectly push homeowners into delinquency and foreclosure. Detweiler says that she has firsthand experience with this. In her case, her servicer incorrectly labeled two monthly mortgage payments as late, which could have made the loan delinquent had Detweiler not caught the error in time. Under the proposed rules, servicers would be required to credit a homeowner's account the same day a payment is received.
"That's required right now for credit cards, and I don't see any reason why it shouldn't be required for mortgages, too," says Detweiler.
First reactions to the proposed rules were almost universally positive. Some consumer groups like what they see of the proposal, even as they reserve final judgment to see what the final rules actually entail.
"It's a really big deal," says Ginna Green, a spokesperson for the Center for Responsible Lending. "Hopefully we'll get good rules that will help prevent unnecessary foreclosures and keep more families in their homes."
Long Overdue?
Even some groups that vociferously challenged the creation of the consumers bureau have praised it. The proposal is "an important step toward bringing certainty to our industry," David H. Stevens, president and CEO of the Mortgage Bankers Association, said in a press release. "A number of servicers are already in the process of implementing most of these standards."
Others consider the rules long overdue.
"I am glad that the CFPB has prioritized mortgage servicing because it was an extremely under-regulated industry before the CFPB," says Robert Lawless, a professor at the University of Illinois College of Law and an expert on consumer credit. Before the bureau was created, Lawless says, the banking industry and some federal regulators, including the Office of the Comptroller of the Currency, "were fighting state efforts to supervise mortgage servicers."
The proposal is based in the bureau's mandate by the Dodd-Frank Wall Street Reform and Consumer Protection Act to address problems in the mortgage servicing industry. The bureau is accepting public comments on the proposal, and the final rules will be issued in January 2013.
See more on Credit.com:
My Mortgage: I'm Current Now, But Not for Long
Is One Late Payment Really That Bad?
How to Give a Short Sale Your Best Shot
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
See celebrity real estate.
Follow us on Twitter at @AOLRealEstate, or connect with AOL Real Estate on Facebook and Pinterest.
Permalink | Email this | Comments
Source: http://realestate.aol.com/blog/2012/08/13/new-rules-could-protect-homeowners-from-foreclosure/
Home prices rebound not expected until spring
Even though home prices are rebounding in some parts of the country the overall housing market won't start turning the corner until spring of next year, according to the latest forecast based on the Fiserv Case-Shiller indices.
Source: http://rss.cnn.com/~r/rss/money_realestate/~3/jZ7rH_J9jxc/index.htm
Subscribe to:
Posts (Atom)