Tuesday, June 27, 2017

What to Do When a Tenant Files Bankruptcy

One of a landlord's biggest worries is having a tenant who stops paying rent. When that happens, if the tenant doesn't voluntarily move out, a landlord usually has to go through the eviction process to reclaim possession of the unit.

Read more... https://www.buildium.com/blog/tenant-bankruptcy/

Sunday, June 25, 2017

Ben Carson Just Made It Easier for Millennials to Buy Their First Homes

Ben Carson, the former presidential candidate known for his calm demeanor who was appointed by President Trump to be the Secretary of Housing and Urban Development, is trying to make it easier for millennials to purchase their first home.

Read more... http://nation.foxnews.com/2017/06/13/ben-carson-just-made-it-easier-millennials-buy-their-first-homes

Tuesday, June 20, 2017

8 ways the construction industry can rebuild itself for the 21st century

According to the US National Association of Homebuilders, 82% of construction companies consider their main concern to be a shortage of construction workers. Sure enough, figures show that the average age of the workforce is rising faster than ever: the UK Chartered Institute of Building reports that the number of workers over 60 is increasing faster, and the set under 30 decreasing faster, than any other set. 

Monday, June 12, 2017

Millennials and Baby Boomers drawn to Phoenix condo projects

Phoenix is in the midst of a condominium building boom. 

New high-rise developments are going up from downtown Phoenix northeast to Kierland near the Loop 101. New urban-style attached homes can be found from midtown and uptown to the Biltmore area and east to the Arcadia neighborhood. 


Read more... http://www.azcentral.com/story/news/local/phoenix/2017/06/06/millennials-and-baby-boomers-drawn-phoenix-condo-projects/364088001/

ATTOM: Home flipping loan volume hits 9-year high

Home flipping finance volume increased in the first quarter of 2017 to its highest point in nine years, according to ATTOM Data Solutions, a multi-sourced property database.

Read more... https://www.housingwire.com/articles/40367-attom-home-flipping-loan-volume-hits-9-year-high?utm_medium=email&utm_campaign=newsletter_courtesy_copy&utm_source=app

Tuesday, May 23, 2017

BofA opens debate on lowering mortgage down payments

(Reuters) - The head of Bank of America Corp (BAC.N), the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent.

Luxury homebuyers can get more home for the money in Peoria, West Valley

Deep-pocketed homebuyers looking for luxury homes have long turned to Paradise Valley, Scottsdale or Phoenix's Biltmore area. But in recent years, the West Valley has seen more homes sprout with desert views, big lots, exclusive amenities and price tags approaching $1 million.

Reuters: Financial Services and Real Estate

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