The mortgage-finance giant is considering a series of pilot programs to address an issue that has plagued the U.S. real-estate market for years: a lack of affordable homes. Fannie's first initiative, which hasn't been finalized, would potentially make it cheaper and simpler for prospective homebuyers to get loans to construct new residences.
The average home sales price in May was $ 192,883, a 14 percent increase from $ 169,540 a year ago, according to real estate information company Chandler Reports, chandlerreports.com . The number of units sold was up slightly in May, with 1,779 sales recorded for the month, compared with 1,770 last year, “The overall market,…
This is how it works at City Hall. The city gives a mixture of city money and federal money to a community group to build affordable housing. Foreclosure News
ABA Journal Daily News
The study found a much larger proportion of homes in the lowest price range were subject to inflated assessments when compared to homes in top price tiers. Homes in Detroit were assessed at amounts higher than allowed by the state constitution, according to a forthcoming study, a problem that led to many of the widespread…
As you already know if you've read the Urban Spelunking stories I've written about the H.G. Goll and H.J. Geerlings houses in the Concordia neighborhood, the City of Milwaukee often has beautiful historic homes for sale at pennies on the dollar. These typically come to the Milwaukee Department of City Development after a tax foreclosure,…
A Superior Court judge was asked this month to appoint a receiver to handle the mall's property, rents and other items of value covered under the loan agreement. The Bangor Daily News reports that an attorney declined to say what that may mean for the mall's future. Foreclosure News
