Last year, the Obama administration was committed to mitigating the wave of foreclosures. Now, CNNMoney reports that officials are highlighting the need for foreclosures, calling them “an important part of ensuring longer-term stability in the market."
Joseph Carl Homes, a Phoenix-based home builder, was among the properties acquired by Avatar Holdings in a $62 million deal with JEN Partners LLC, a New York-based real estate private equity fund. Joseph Carl Homes is the developer of CantaMia, a 1,781-u
Despite the stagnant and uncertain economy, renters are returning to the market in massive numbers, the Wall Street Journal reported. Nationwide, the vacancy rate fell 0.7 percent during the third quarter, one of the sharpest declines on record, to 7.2 p
Nearly a third of Americans probably can’t qualify for a mortgage and less than half can qualify for the best rates, even with a large down payment, according to a new report from real estate website Zillow.com.
Luxury home builder Toll Brothers made another play in the urban infill market with its purchase of a corner lot on the Upper East Side of Manhattan. Plans call for a 15-story building with approximately 25 luxury residences, with sales expected to comme
A new survey of nearly 10,000 consumers across 43 states by John Burns Real Estate Consulting reveals several interesting findings on what buyers want in a home and community today. For instance, only 17 percent of respondents said price was most importa
Toll Brothers, Inc. has announced the purchase of a property located at 132 East 65th Street, at the southeast corner of Lexington Avenue, on the Upper East Side of Manhattan in New York City. Plans call for a 15-story building with approximately 25 lux
The sheer size and growth of the 55-plus cohort over the past 10 years is altering the builder market. There simply aren’t enough younger buyers to occupy the number of homes that Boomers want to sell.
