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Tag Archives: housing

FHA to draw $1.7B from Treasury to cover losses

WASHINGTON — A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in a mortgage programs for seniors. At issue are reverse mortgage programs, which allow seniors to borrow against their ...

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Apartments added to plans for Exelon tower at Harbor Point

The Harbor Point offices for Exelon Corp. will have a new addition: 105 apartment units, spread across five floors, to compliment office and retail space as well as a huge trading floor for the energy giant, Beatty Development Group officials said Thursday.

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Home prices rise 12.4 pct., most in 7.5 years

WASHINGTON — U.S. home prices rose 12.4 percent in July compared with a year ago, the most since February 2006. An increase in sales on a limited supply of available homes drove the gains. The Standard &Poor’s/Case-Shiller 20-city home price ...

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Baltimore housing department to demolish nearly 600 buildings

Baltimore rowhouses

The city housing department has signed an agreement to use nearly $10 million from a national foreclosure abuse settlement to demolish 578 mostly derelict buildings and houses in 10 Baltimore communities, in some cases relocating homeowners and renters so entire blocks can be razed.

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Realities of Real Estate: What goes up makes sales go down

Last week, we wrote about how the housing market had slowed significantly, most likely due to a sudden bump in mortgage rates. At that time, the data for August wasn’t yet available. Well, now the numbers are in, and they confirm our suspicions. August was indeed a lousy month for home sales.

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Realities of Real Estate: Fed’s artificial sweetening can only do so much

The numbers aren’t in yet, but word on the street is that home sales took a bit of a breather in August. As we wrote in a recent column, July and especially August is typically a slow time for real estate. People are hitting the beach, and the idea of house hunting is on the back burner. Agents also take a vacation from time to time, so they aren’t out there beating the bushes for buyers and sellers. In fact, the only period of the year that’s slower than August is the holiday time from Thanksgiving to New Year’s.

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Real Estate Weekly – 8/30/13

Latest data on impact in Maryland of national mortgage servicing settlement Attorney General Douglas F. Gansler announced that 17,366 Maryland families have received $1.358 billion in relief from the national mortgage servicing Settlement during the period of March 1, 2012 ...

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