Mortgage And Real Estate News

Sunday, November 26, 2017

The CFPB now has two acting directors. And nobody knows which one should lead the federal agency

President Trump and the outgoing head of the Consumer Financial Protection Bureau both named acting directors to head the watchdog agency on Friday, throwing its leadership into disarray.

Read more... https://www.washingtonpost.com/news/business/wp/2017/11/24/the-cfpb-now-has-two-acting-directors-and-nobody-knows-which-one-should-lead-the-federal-agency/

Saturday, November 25, 2017

Home Sales Are Rising Despite Supply Woes

Existing-home sales in October rose to the strongest pace since earlier this summer, the National Association of REALTORS® reported Tuesday.

Read more... http://realtormag.realtor.org/daily-news/2017/11/21/home-sales-are-rising-despite-supply-woes?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DailyRealEstateNews+%28Daily+Real+Estate+News%29&utm_content=FaceBook

Industrial sector shines in latest outlook for commercial real estate market

New sources of demand make the industrial segment the star of commercial real estate, according to Peter Muoio, ‎chief economist and head of research at Ten-X Commercial, the nation's leading online real estate marketplace.

Read more... https://www.bizjournals.com/bizjournals/news/2017/11/16/industrial-sector-shines-in-latest-outlook-for.html

Phoenix Landmark condo owners fight HOA assessments — and win

The bill arrived unexpectedly by email in May. It was from her Landmark Towers condominium homeowners association.

Read more... https://www.azcentral.com/story/news/local/arizona-investigations/2017/11/13/phoenix-landmark-condo-owners-win-fight-15000-hoa-assessments/830512001/

Arizona HOAs foreclosing on a record number of homeowners

Homeowners associations, the enforcers of neighborhood paint colors, holiday decorations and trash bins, are leading the latest surge in Phoenix-area foreclosures.

Read more... https://www.azcentral.com/story/news/local/arizona-investigations/2017/09/14/phoenix-area-homeowners-associations-foreclosing-record-number-homeowners/595816001/

Despite talk, there's no sign of metro Phoenix housing bubble

The dreaded term "housing bubble" has crept back into conversations about real-estate markets with big increases in home values, including metro Phoenix.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/11/24/despite-talk-there-is-no-sign-metro-phoenix-housing-bubble/889792001/

North Central Phoenix luxury apartment proposal sparks public clash

In north-central Phoenix, one of the Valley's hottest development corridors, a proposed apartment complex has sparked a classic clash between new development and old.

Read more... https://www.azcentral.com/story/news/local/phoenix/2017/11/25/proposed-north-central-phoenix-luxury-apartments-spark-neighborhood-clash/859218001/

Monday, November 20, 2017

With help from Bill Gates, Phoenix's growth shifting to far west

More than 300,000 new homes are planned on the far western edge of metro Phoenix, including in Belmont where billionaire Bill Gates has recently invested.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/11/17/metro-phoenix-growth-shifting-far-west-bill-gates/867873001/

Cool homes: Celebrate revival on Historic Roosevelt Neighborhood tour

Everybody loves a good makeover, right?

So get ready: Some of the most satisfying makeovers in Phoenix will be on display at the annual Historic Roosevelt Neighborhood home tour on Sunday, Nov. 19 — including the neighborhood itself.

Read more... https://www.azcentral.com/story/money/real-estate/cool-home/2017/11/14/cool-homes-celebrate-revival-historic-roosevelt-neighborhood-tour/827394001/

Sunday, November 12, 2017

Case-Shiller: U.S. home prices rose in August even as sales slipped

WASHINGTON — U.S. home prices rose sharply in August from a year ago, a trend that is thwarting many would-be buyers and potentially slowing sales.

Trump tax plan draws ire, but may boost metro Phoenix's housing market

President Donald Trump's proposed tax overhaul has raised protests from national home-builder and Realtor groups that believe it will slow home sales and harm housing markets.

Read more http://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/11/09/trump-tax-reform-plan-may-boost-metro-phoenix-housing-market/845342001/

Wednesday, November 8, 2017

FHA losing customers rapidly as premiums spur refinancing

WASHINGTON — The Federal Housing Administration's financial health is benefiting from continued reductions in delinquencies and foreclosures, but the FHA is also losing some of its best customers at a fast clip.

Read more... https://www.nationalmortgagenews.com/news/fha-losing-customers-rapidly-as-premiums-spur-refinancing

Bill Gates makes $80 million land deal in far West Valley

One of the richest men in the world is about to make a big impression on Arizona. Bill Gates, the second richest man in the world behind amazon.com founder and CEO Jeff Bezos, paid almost $80 million for a huge chunk of property in the far West Valley, according to a report from Business & Real Estate Weekly of Arizona.

Read more... https://azbigmedia.com/bill-gates-makes-80-million-land-deal-in-far-west-valley/

Monday, November 6, 2017

OfferPad, loanDepot partner on Scottsdale-based home loan company

Gilbert-based real estate technology company OfferPad has partnered with loanDepot to launch a home loan company to make it easier for customers to buy and sell a home online.

Read more... https://www.bizjournals.com/phoenix/news/2017/11/05/offerpad-loandepot-partner-on-scottsdale-based.html
Best,
Lillian Wong
Sr. Loan Officer NMLS 630337
Fairway Independent Mortgage
9308 E Raintree Drive
Scottsdale AZ 85260
480.650.5412
www.lillianwong.net
lillian.wong@fairwaymc.com

You can become an investor in Phoenix-area apartments for as little as $1,000

Want to invest in a metro Phoenix apartment-building boom?

It could cost you as little as $1,000, about as much as a monthly rent payment.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/11/05/you-can-become-investor-phoenix-area-apartments-little-1-000/826330001/

Phoenix home flips up 16 percent as aggressive investors find bargains

Thursday, November 2, 2017

Tempe squatter loses another court ruling; city can eject him

A judge has ruled that Tempe has the right to eject a man who has claimed squatters' rights to a valuable piece of property near downtown that he claims has been in his family since the late 1800s.

Read more... http://www.azcentral.com/story/news/local/tempe/2017/11/01/judge-rules-tempe-has-right-evict-squatter-valuable-land-near-downtown/822418001/

Wednesday, November 1, 2017

'Tiny home' hub for homeless veterans breaks ground in Phoenix

A neglected dirt lot gave way to a symphony of scrapes as volunteers smoothed the concrete foundation Saturday for a tiny-house project intended to fulfill much grander goals. 

Read more... http://www.azcentral.com/story/news/local/phoenix/2017/08/19/construction-begins-tiny-home-hub-homeless-veterans-phoenix/582392001/

Reuters: Business News

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