Archive for September, 2012

Interest rates are low, but it’s still hard to get a mortgage

Lenders’ underwriting standards appear to be tightening even further in some key areas, and the time to close a loan is getting longer. WASHINGTON — With 30-year mortgage rates hitting new lows and recent borrowers’ payment performance the best by far in decades, you’d think that banks and other lenders might be loosening up on their hyper-strict underwriting standards.

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It’s curves ahead for Malibu home

The Malibu house designed by Harry Gesner has been remodeled, but it still has his trademarks: a high-pitched, wave-style roof and semicircular living spaces.

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Is Malibu turning into the Larry Ellison beach club?

Oracle CEO Larry Ellison, who already has eight other houses along Carbon Beach, buys former Yahoo chief Terry Semel’s Malibu compound for $36.9 million.

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Net Lease Assets Selling Fast

Large realty companies are snapping up entire portfolios made of net leases because of their good returns, lack of operating expenses and tenant base, which consists mainly of corporate renters who pay on credit. The risk is low and the potential for reward is high, and that combination has resulted…

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Some US Cities See Home Prices Slip

Tales of recovery in the U.S. housing market has all but drowned out any news to the contrary, but Zillow reports that several key cities saw home prices drop in August

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Settlements May Right Foreclosure Wrongs

The time has come for states to begin distributing monies won in a $25 billion settlement against big banks for the robo-signing scandal and other mortgage wrongs committed during the freewheeling days of risky lending that led to the U.S.

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UAE Faces Housing Glut

The United Arab Emirates (UAE) are expecting a wave of new residential construction to be completed that will push the existing market into a state of oversupply, and experts predict the result will be stagnating or sinking prices and rents. Property advisor Tasweek reports that both Abu Dhabi and Dubai..

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US Housing Recovery More Believable, Study Shows

Economists, housing analysts and members of the National Association of Realtors have been saying for some time that the U.S.

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US Housing Recovery More Believable, Study Shows

Economists, housing analysts and members of the National Association of Realtors have been saying for some time that the U.S.

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Ireland Property Market Sees Hope

Ireland’s property market has suffered more than most as a result of the Eurozone fallout, but rays of hope have been shining on the Emerald Isle in the past few months. The Central Statistical Office reports that residential property prices are still an average of 50% below their value in 2007…

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