Home sales jump more than 4 percent in January
BY: Associated Press
POSTED: February 22, 2012
Tags: economists, foreclosure, home sales, homebuilders, mortgage rates, National Association of Realtors, previously occupied homes, prices, Real Estate, single-family homes, washington
WASHINGTON — Sales of previously occupied U.S. homes rose in January to the highest pace in nearly two years, a hopeful sign ahead of the spring-buying season.
The National Association of Realtors said Wednesday that home sales increased 4.3 percent last month to a seasonally adjusted annual rate of 4.57 million. [...]
Realities of Real Estate: The rules of the road for a home inspection 
BY: Bob and Donna McWilliams
POSTED: February 17, 2012
Tags: bob and donna mcwilliams, construction, home inspection, maryland, Maryland Association of Realtors, problems, realities of real estate, repairs, rules
As we get into spring, a lot of homes will be going under contract. But getting your house under contract isn’t a guarantee that it’ll get to settlement.
The inability of a buyer to secure financing can derail a purchase, but the biggest bone of contention that comes up is often the home inspection. More than [...]
Real Estate Weekly – 2/17/12: NAIOP Maryland wins two national awards
BY: Daily Record Staff
POSTED: February 17, 2012
Tags: real estate weekly
NAIOP Maryland wins two national awards
NAIOP Maryland captured two Chapter Merit Awards, in the “Community Service” and “Developing Leaders Program” categories, at the NAIOP National Conference last week in Washington, D.C. In the community service category, chapter members were lauded for constructing picnic tables and floating wetlands for the Living Classrooms Foundation, and assisting with submersion [...]
Stevenson, Metro Centre plans drive economic activity in Owings Mills
BY: Melody Simmons
POSTED: February 16, 2012
Tags: Community College of Baltimore County, construction, David S. Brown Enterprises Ltd., economic activity, general growth properties, maryland, owings mills, solo cup site, stevenson university
Comments: 1
A $500 million development now under way may help spark the final push needed to solidify the economic activity envisioned for Owings Mills when planners designated this northwest Baltimore County corridor as a growth area more than 30 years ago.
From Interstate 795, the area’s skyline is marked with the symbol of the expansion: a towering [...]
U.S. housing starts rise modestly to start new year
BY: Associated Press
POSTED: February 16, 2012
Tags: builders, commerce department, construction, homes, housing industry, housing starts, National Association of Home Builders, permits, single-family homes
WASHINGTON — Construction of single-family homes in the U.S. cooled off slightly in January after surging in the final month last year. But a rise in permits suggests builders are growing more confident that more buyers are ready to come off the sidelines.
The Commerce Department said Thursday that builders broke [...]
Foreclosure activity edges higher in January
BY: Associated Press
POSTED: February 16, 2012
Tags: Banks, default notice, Foreclosures, homeowners, houses, lenders, massachusetts, mortgage, new hampshire, RealtyTrac, repossession, robo-signing, Settlement
LOS ANGELES — Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while lenders sorted out foreclosure-abuse claims.
Foreclosures rose 8 percent nationally last month from December, but were down 15 percent from a year earlier, foreclosure listing firm RealtyTrac [...]
Homebuilder optimism rises for 5th straight month
BY: Associated Press
POSTED: February 15, 2012
Tags: home sales, homebuilder optimism, homebuilders, housing, housing market, National Association of Realtors, washington, wells fargo
WASHINGTON — U.S. homebuilders are gradually growing more optimistic about the depressed housing market and believe homes sales could pick up sharply at the beginning of 2012.
The National Association of Home Builders/Wells Fargo said its builder sentiment index rose for a fifth straight month in February to 29, up from 25 in January. The index [...]
Late payments on mortgages rise again in 4Q
BY: Associated Press
POSTED: February 14, 2012
Tags: california, delinquencies, florida, foreclosure, homeowners, mortgages, nevada, standard & poor's/case-shiller home-price index, tim martin, transunion
NEW YORK — Late payments on mortgages ticked up in the last three months of 2011, the second straight quarter-to-quarter increase after nearly two years of steady decline.
Credit reporting agency TransUnion said 6.01 percent of mortgage holders were behind on their payments by 60 days or more in the October-to-December [...]
Empire State Building’s parent planning to go public
BY: Associated Press
POSTED: February 13, 2012
Tags: empire state building, Empire State Realty, ipo, King Kong, manhattan, new york
Soon investors can take after King Kong and grab a piece of the Empire State Building.
The company that runs the Depression-era skyscraper, the tallest building in New York, is planning to go public in a stock offering that could raise $1 billion, according to documents filed with regulators Monday.
That means that even if you can’t [...]
Real Estate Weekly – 2/10/12: Ulman names new housing director
BY: Daily Record Staff
POSTED: February 10, 2012
Tags: Anderson, Coe & King LLP, Crossroads Village Center, cvs, executive, Fuji Trading, Global Search Associates LLC, ken ulman, KLNB Retail, leases, real estate weekly, Senator Theatre, skechers, spy complex, Zesto Pizza & Grill
Zesto to open restaurant at Crossroads Village Center
Zesto Pizza & Grill, a Philadelphia-based restaurant chain, will open a 4,900-square-foot restaurant — its first in the Baltimore region — at the Crossroads Village Center. The company signed a lease with St. John Properties, the Baltimore real estate development firm that is developing substantial portions of the [...]
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