Singapore Private-Home Price Rise Slows Further In 4Q; Weakest Since 3Q 2009Article from Fox Business:SINGAPORE – The rise in Singapore’s private-home prices slowed to a crawl in the fourth quarter of 2011, marking the weakest showing since the third quarter of 2009, revised government data released Friday showed.
The prices of private homes rose a mere 0.2% from the previous three months in the October-December period, compared with the third quarter’s 1.3% rise, data released by Singapore’s Urban Redevelopment Authority showed. The pace of increase was the same as URA’s flash estimates released on Jan. 3.
Prices of non-landed private residential [...] Continue Reading…
$ 1.1M Affordable Housing Grant for O’Donnell Townhomes in BaltimoreArticle from Citybizlist Real Estate:Home /
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Posted January 26, 2012
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The Federal Home Loan Bank of New York has awarded a $ 1,146,584 grant to Greater Baltimore AHC, Inc. to help finance the O’Donnell Townhomes project, which will create a 75-unit townhouse development for low- and very low-income families.
Liberty Bell Bank, a member of the Federal Home Loan Bank of New York, submitted the application for the funding.
O’Donnell Townhomes is part of an effort to redevelop a former public housing complex into new mixed-income housing, [...] Continue Reading…
Wells Fargo, Atlanta partner to jump-start home buyingArticle from Atlanta Journal Constitution:
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By J. Scott Trubey
The Atlanta Journal-Constitution
Wells Fargo is partnering with the City of Atlanta and nonprofits to spur home buying and help stabilize neighborhoods inside the city limits.
The bank, nonprofits including NeighborWorks America, and the city will unveil a program Wednesday called Neighborhood LIFT that includes down payment assistance for lower income buyers, renovation grants and a new 5-year mortgage lending commitment by metro Atlanta’ s No. 2 bank by deposits.
Atlanta and Los Angeles are the pilots for Neighborhood LIFT, a program Wells Fargo officials said they [...] Continue Reading…
Home loan investigation to be led by NY attorney generalArticle from Legal News Line:Home loan investigation to be led by N.Y. attorney generalBY JESSICA M. KARMASEKWASHINGTON (Legal Newsline) – New York Attorney General Eric Schneiderman will co-chair a national mortgage crisis unit aimed at investigating home lending by banks.President Barack Obama announced the creation of the unit during his State of the Union address Tuesday evening.”Tonight, I’m asking my Attorney General to create a special unit of federal prosecutors and leading state attorney general to expand our investigations into the abusive lending and packaging of risky mortgages that led [...] Continue Reading…
Gingrich’s Former Company Releases ContractArticle from ABC News:Under pressure, Newt Gingrich arranged the release of a contract Monday night showing the Federal Home Loan Mortgage Corp. paid his consulting firm a $ 25,000 monthly retainer fee in 2006, for a total of $ 300,000.
The agreement calls for “consulting and related services” but makes no mention of lobbying.
Gingrich has likened his work for the federally backed mortgage giant known as Freddie Mac to that of a historian, and later a strategic adviser. His top rival for the Republican presidential nomination, Mitt Romney, says he was lobbying.
Monday’s disclosure touched [...] Continue Reading…
Angry Buyers Shoot Agents out of CannonsArticle from UPI.com:Content Disclaimer
British buyers who are angry at their estate agents, property lawyers or mortgage brokers now can take out their frustrations on Web site by firing them out of a giant cannon at buildings for sale, with the chance to get their mortgage or rent paid for six months.The game is a promotional gimmick for a new company that passes agents and mortgage brokers, and markets directly to consumers.In-Deed, the new company, a “conveyance service,” claimed in a news release that from September to November last year some 531,000 sales fell [...] Continue Reading…
Average home sale price in Coweta at $ 154K in 2011Article from The Citizen.com:The average sale price of homes in Coweta County has been falling since the recession took a firm hold in 2008. And while the number of homes sold has leveled off in the past three years, the average selling price declined from $ 195,084 in 2008 to $ 153,806 in 2011.Coweta County in 2011 saw 1,543 homes sold with an average listing price of $ 239,511 and an average sale price of $ 153,806. The number of homes sold represents 58 [...] Continue Reading…
The Home Loan Burden: Rs 11219Article from Economic Times:Prime Number – Those that give the sharpest insights.The Home Loan Burden: Rs 11,219That’s roughly the increase in EMI on a Rs 75-lakh home loan (repayable in 20 years) compared with March 2010, when RBI began its interest rate hikes. Pre-hikes, you would have got a Rs 75 lakh loan at 9.25%. Current home loan rates are around 11.5%. RBI’s monetary policy review coming Tuesday is unlikely to ease rates, according to pundits. But home loan payers will pray nonetheless. Naturally, home loan growth has slowed.Source: NHB, hdfc.com, Emkay GlobalHidden Number [...] Continue Reading…
Home sale show signs of life in DecemberArticle from Cherry Hill Courier Post:WASHINGTON — Home sales in December reached their highest pace in nearly a year. The gain coincided with other signs that the troubled U.S. housing market improved at the end of last year.
Analysts cautioned that sales remain historically low and that it will take years for the home market to return to full health.
Still, the third straight monthly sales increase was encouraging. And economists noted that conditions are in place for further gains this year:
Prices have declined. Mortgage rates have never been lower. Homebuilders are slightly more [...] Continue Reading…
2 programs tempt home buyers with low down paymentsArticle from WBTV:CHARLOTTE, NC (WBTV) – Realtors will tell you now is a great time to buy a house, with interest rates low and enough inventory on the market.
However, many people still feel they just don’t have the money to buy. Perhaps they can’t afford the down payment or they don’t think committing to 30 years of big payments is possible.
One realtor who makes it her mission to alert buyers and other realtors about two programs available to some buyers right now, says the programs make it a great time to [...] Continue Reading…