Developers of One World Trade Center, the tallest building at New York’s newly redeveloped World Trade Center site, are cutting office rents by nearly 10 percent just months before the building is slated to open.
___________________________________________________________________________________
About 29 percent of non-investment buyers used cash to fund their housing transactions in the first quarter of this year, and baby boomers make up a large chunk of that group.
___________________________________________________________________________________
Some of the hottest markets for first-time buyers are those that have had an increase in new homes sold for less than $200,000, according to Builder Magazine.
____________________________________________________________________________________
The state of Massachusetts alleges that Federal Housing Finance Agency policies violate a state law allowing nonprofit organizations to buy foreclosures and resell them to the original evicted home owners.
____________________________________________________________________________________
In the first quarter of this year, home equity lines of credit — once called a major culprit of the housing crisis — soared to its largest share since 2009. But banks say they’re being choosier on who is eligible.
____________________________________________________________________________________
An emerging trend is seeing more home buyers turning warehouses and other commercial buildings into unique residences that offer both historic charm and modern conveniences.
____________________________________________________________________________________