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‚ÄúReal estate investors should stake out their deals, be patient and keep leverage to a minimum to succeed in today’s uncertain economy, according to a capital markets discussion Thursday at the annual Urban Land Institute conference under way in Los Angeles.‚Äù
“Rep. Scott Garrett (R-N.J.) proposed his idea of a future mortgage market Thursday, one with new underwriting standards and transparency but without Fannie Mae, Freddie Mac or the upcoming risk-retention rule.”
“The CEO of Freddie Mac, Ed Haldeman, is not leaving the government-sponsored enterprise immediately, despite announcing his resignation.”
“More than 42% of prospective homebuyers polled by Zillow believe home values will appreciate by 7% annually in the years ahead.”
“A group of 33 senators sent President Obama a letter Thursday asking his administration and the Federal Housing Finance Agency to expedite pending plans for selling and renting previously foreclosed homes held by the government.”
“A fight is brewing up among House Republicans about whether to restore higher limits on the size of government-backed home loans.”
“During the week ending October 6th, the average fixed interest rate on a 30-year mortgage dipped below 4% for the first time, according to Freddie Mac.”
“Housing prices of 20 cities were flat from July to August, according to the latest S&P/Case-Shiller housing index.”
“Question: Do you think the foreclosure crisis in San Diego County has peaked? Please state yes or no – and explain why.”
“Sales of newly built homes in September came in well over expectations, and stocks of the big builders took a little tick up on the news.”
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