The housing supply is expected to normalize in two to four years, Barclays Capital projects, assuming that household formation rates increase to 1.1 million and construction remains slightly above 2011 levels.
___________________________________________________________________________________
Investors aren’t just wanting one home, they may want a dozen.
“As the greatest real estate fire sale in the history of the United States rages on, the bulk buy is the dead hot deal of the moment,” Reuters News reports.
“As the greatest real estate fire sale in the history of the United States rages on, the bulk buy is the dead hot deal of the moment,” Reuters News reports.
___________________________________________________________________________________
More lenders are allowing home owners in default to stay-put in their homes longer–and even negotiating special arrangements with them, such as the lender paying the home insurance if the home owner pays the utility costs, The New York Times reports.
____________________________________________________________________________________
Smartphone and social media users are increasingly prime targets for identity theft.
___________________________________________________________________________________
An Idaho landlord pleaded guilty to a misdemeanor of disturbing the peace for an incident stemming from 2010 when he drove a tractor into a home he owns while the renters he was trying to evict were inside.
____________________________________________________________________________________
Applications for FHA-backed mortgages rose in January to 126,835, up 14.9 percent from December and up 22 percent from January 2011, according to the latest Single-Family Outlook report from the FHA.
_____________________________________________________________________________________