Commercial & Residential Property Blog

San Diego, Calif.– The San Diego office of HFF (Holliday Fenoglio Fowler LP) has arranged $18 million in financing for The Highlands, a 306-home-site manufactured housing community in Santee (San Diego), Calif.

Rentals are rising in Greenwich, Conn., a town synonymous with luxury housing.

The housing market in this pricey community is in trouble. Single-family sales in Greenwich declined 48 percent to 167 this year through July, according to Shore & Country, based in Greenwich.

Why can’t mortgage servicers process more than 9 percent of the applications of borrowers eligible for a government retooling of their loans?

A new report by Deutsche Bank estimates that by 2011 nearly 50 percent of U.S. home owners with mortgages will owe more than their homes are worth.

This estimate of 25 million borrowers is significantly higher than similar calculations by other economic and real estate analysts. For instance, Moody’s Economy.com projected that 17.5 million will be underwater by early 2010.

First-time home buyers in New York have an added incentive for entering the ownership market, thanks to a new tax credit equal to 20 percent of their annual mortgage interest.

The New York State Mortgage Credit Certificate, which lasts for the life of the loan, is projected to save some borrowers as much as $30,000 over the years. Eligible buyers must meet income criteria, take out a fixed-rate loan, and occupy the home as their primary residence.

California’s median home prices rose 7 percent in June compared to May, according to MDA DataQuick, a real estate research firm.

Mortgage rates across the board jumped this week, with conventional mortgages reaching their highest point so far this year.

Real estate professionals are optimistic that home prices will hit bottom in the next six months, according to a survey from listing and home-pricing site HomeGain.com.

As a wise investor, you must be very careful while signing up the management agreement . Make sure that all the terms are clearly stated and understood. The document must cover provisions for all the possible areas that may result in disputes.

Have New-Home Sales Found the Floor? It looks like sales of new homes have finally bottomed out.