Archive for July, 2017


Freddie Mac may help fill need for affordable rental homes

When the government-controlled mortgage-finance giant Fannie Mae agreed this year to guarantee a $1 billion financing deal for one of the biggest private-equity-backed landlords in the United States, the move prompted an outcry. Housing advocates and legislators questioned why the landlord, Invitation Homes, which is controlled by the Blackstone Group, needed such low-cost financing, especially […]

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Personnel

Credit: Getty Images/iStockphoto(Photo: Manczurov, Getty Images/iStockphoto) FL Star Development Mercedes Sifontes has been named the leasing agent for Milano Lakes, a new apartment community off Collier Boulevard at The Lords Way in South Naples. Sifontes most recently worked as a leasing consultant for Pinnacle Property Management and before that as a sales associate with Trustar Salon […]

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US home prices reach record high for 6th straight month

New town homes under construction in May in Woodstock, Ga. The Standard Poor’s CoreLogic national home price index, released Tuesday, increased 5.6 percent in May, the latest data available. John Bazemore/The Associated Press

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What if things go wrong in a real estate transaction?

Consultant talking to family at home(Photo: Getty Images/Westend61) After a buyer and seller reach consensus on the purchase of a property through a fully executed purchase agreement, a property inspection occurs, an appraisal report is completed and the day of closing finally occurs and the new homeowners get the keys to their house and everyone […]

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New Documents Give Hope to Fannie Shareholders Seeking Redress

Shareholders of Fannie Mae and Freddie Mac say a trove of documents they have obtained bolsters their case that the government lied when it decided to take all of the mortgage companies’ profits.  Investors have filed dozens of lawsuits in courts across the country over a 2012 government decision to replace Fannie and Freddie’s 10 […]

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Obama Looted Fannie Mae and Freddie Mac

President Obama never was shy about using his phone and pen to achieve what he could not get from Congress on regulatory matters. But documents revealed last week show the Obama administration may have been willing to get around congressional decisions on spending by using a slush fund of sorts funded by the profits of […]

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Freddie Mac: Why We are Building So Few Houses?

Freddie Mac’s Outlook this month looks at what it calls “the spoiler,” the lean inventory of newly constructed homes for sale. While the situation isn’t quite as dire as with existing homes, where there is a 4.3-month supply, the new home inventory is just over a 5 month supply and, Freddie Mac’s economists point out, […]

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Lenders react to end of Freddie Mac 1% down payment mortgage offerings

0% down and 1% down mortgage offerings just started to gain traction in the industry when Freddie Mac announced it is changing the requirements and completely nixed its program option.  The government-sponsored enterprise shocked the market this week when it announced it is changing the requirements to its low down mortgage program and will no […]

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The Green MLS: How it helps agents and their clients

A key part of any real estate transaction is the Multiple Listing Service (MLS). For sellers it’s the foundational start for marketing their home, as its data feeds popular consumer sites like Zillow and Realtor.com. For buyers it’s where to find accurate information on a home and its features. We expect to see certain features […]

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Aurora listed as top affordable housing market, top elementary schools

The city of Aurora was recently listed as one of the most affordable housing markets in the country, with three of the top elementary schools. Realtor.com, the official consumer website of the National Association of Realtors, released its study of the Top 10 Most Affordable Housing Markets and Top-Ranked Elementary Schools in the Nation. Aurora […]

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