Thursday, February 9, 2017

Small homes overtaking McMansions as the best kind of investments

Small homes - even ones that measure less than 400 square feet - are becoming increasingly popular.

Read more... http://www.businessinsider.com/are-smaller-homes-valuable-2017-2

$400K could get you into a new, luxury condo in Scottsdale's Artesia

A stalled luxury condominium development on one of central Scottsdale's prime corners is being revived with a plan for 500 homes.

Ritz-Carlton project in Paradise Valley will cost $2B, feature largest pool in North America

After long deliberation, the Ritz-Carlton, Paradise Valley has been approved to be built by Paradise Valley Town Council.

The property, under the management of Scottsdale's Five Star Development, is set to break ground in spring 2016 and to be finished by 2018.

Intel says it's investing $7B in Chandler facility, bringing 3K jobs

The seventh-biggest company in Arizona is about to get even bigger, with Intel Corp. announcing it will bring 3,000 more workers to Chandler.

Wednesday, February 1, 2017

Blackstone's Invitation Homes raises $1.54 billion in IPO

Invitation Homes, the largest U.S. home rental company, raised $1.54 billion in an initial public offering on Tuesday, the company said, setting the stage for a pick-up in IPO activity in 2017.

Monday, January 23, 2017

USMI Statement on FHA Mortgage Insurance Premium Reduction

WASHINGTON The Federal Housing Administration (FHA) announced today it will reduce its mortgage insurance premiums (MIPs) by 25 basis points. In November 2016, a HUD official stated there would be no additional MIPs cuts following its annual report to Congress on the financial status of its Mutual Mortgage Insurance Fund (MMIF), which showed it had finally reached its required capital levels after nearly a decade of severe stress. The following statement can be attributed to Lindsey Johnson, USMI President and Executive Director:

How the GOP's tax plan could affect the real-estate market

Until recently, the mortgage interest deduction was right up there with Social Security as a sacrosanct institution on Capitol Hill, protected by lawmakers on both sides of the aisle.

Reuters: Financial Services and Real Estate

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