Income Property News
In the competitive world of commercial real estate, it is important to have the very best advice. It is also essential that you do business with a firm that offers a wide range of commercial real...
To fix the economy, first fix the housing market
20 October 2011
Is this a great country or what? At the start of last year, a friend of mine, the proprietor of a small business that has suffered badly in the recession, entered a trial mortgage-modification...
Foreclosures continue to plague housing market
18 October 2011
Foreclosures continued to plague the U.S. housing market last quarter, while a a growing backlog has caused the length of the foreclosure process to drag on and on.Nationwide, foreclosure filings...
Refinancings soar amid low mortgage rates
11 October 2011
Refinancing of Fannie Mae and Freddie Mac mortgages with the lowest interest rates soared as prepayments on loans with the highest rates declined, underscoring how only some homeowners can take...
Home ownership suffers biggest drop since Great Depression
07 October 2011
The percentage of Americans who owned their homes has seen its biggest decline since the Great Depression, according to the U.S. Census Bureau.The rate of home ownership fell to 65.1% in April...
Top 10 Real Estate Websites - August 2011
30 September 2011
Top 10 Real Estate Websites - August 2011 Rank Website Market Share Of Visits 1 Yahoo! Real Estate 6,8% 2 Realtor.com 6,8% 3 Zillow 6,2% 4 Trulia.com 5,7% 5 Homes.com 2,7% 6 MSN Real Estate 2,2%...
Home prices climb for fourth straight month
27 September 2011
Home prices in July climbed for the fourth month in a row, but are still down from a year ago.According to the latest S&P/Case-Shiller home price index of 120 major cities, prices rose 0.9% in...
Cashing in on rental property
23 September 2011
Most of the news lately about real estate has been dismal: Home prices are swooning, foreclosures ballooning. There is, however, one bright spot: the rental market, where demand is up and rents are...
Major Commercial Real Estate Breakthrough: Gooplex provides Gross Rent Multiplier (GRM) Searches for Income Properties for Sale
15 September 2011
Gooplex, the income property leader on the Web, now offfers real estate investors to search for investment properties based on gross rent multipliers (GRM) using Gooplex.com. “This...
Fixed mortgage rates fall to 4.12%, record low
08 September 2011
Average rate on 30-year fixed mortgage hits 4.12 percent,down from 4.22 percent.The lowest level on records dating back to 1971.
An ominous cloud is hanging over the housing market: Millions of distressed properties could be put up for sale at any moment, potentially adding to the glut of unsold homes that are already on the...
Home ownership hits lowest level since 1965
08 August 2011
As the foreclosure crisis continues to wreak havoc on the housing market, a source of national pride has taken a sour turn. Home ownership is on the decline and, according to a recent Morgan...
Mortgage Rates: Debt Ceiling Decision Time
01 August 2011
I have some unexpected good news Amidst an atmosphere of major market uncertainty, consumer borrowing costs improved significantly today. Enough to push BestExecution quotes a notch lower. In...
Canada Mortgage and Housing Corporation (CMHC) released its 2010 Annual Report today, highlighting the Corporation’s role at the heart of housing in Canada and outlining its strong focus...
Obama's housing scorecard
08 July 2011
The Obama administration has announced yet another initiative to help struggling homeowners avoid foreclosure. Earlier this week, the Department of Housing and Urban Development announced it would...
10 most expensive housing markets
29 June 2011
1. Honolulu1 of 10$585,000 buys three beds and three-baths in HonoluluMedian home price: $579,300Home buyers pay a premium to buy a slice of paradise. During the first three months of 2011 the...
Home sales fall to 2011 low; few 1st-time buyers
22 June 2011
Fewer people bought previously occupied homes in May, lowering sales to their weakest point of the year. Home sales sank 3.8 percent last month to a seasonally adjusted annual rate of 4.81 million...
Home clearance sale coming from 'desperate' sellers
17 June 2011
Home prices are already a third off their hights, but this summer could bring the real discounts. Buyers are still cautious, and anxious sellers will have to price aggressively to get them off the...
Applications for home mortgages saw their biggest jump in three months last week, fueled by demand for refinancing as interest rates continued to fall, an industry group said on Wednesday. The...
How housing could rebound -- in 2025
10 June 2011
Ready to be Depressed? House prices have fallen further in the past five years than they did in the Great Depression – and there's no sign the free fall is about to stop. Downtrend resumes...
U.S. tries to reduce more homeowners' mortgages
08 June 2011
The Obama administration wants to help more struggling Americans stay in their homes by reducing the amount they owe on their troubled mortgages, a top Treasury official said on Saturday. "We are...
Home clearance sale coming from 'desperate' sellers
02 June 2011
Home prices are already a third off their highs, but this summer could bring the real discounts. Buyers are still cautious, and anxious sellers will have to price aggressively to get them off the...
Realtors bond over tough times
30 May 2011
It's no fun to be a realtor these days: home prices are sinking, delinquencies are up, and stricter regulations are coming.So the mood at the convention for the National Association of Realtors...
Real estate investors are likely to be three times more active than other types of homebuyers in their local markets within the next two years, according to a nationwide survey from Realtor.com...
10 dirt-cheap housing markets
24 May 2011
Youngstown, Ohio. Median price: $55,4001 of 10If you're hunting for a real estate bargain, look no further: Here are 10 cities where the typical home costs less than $82,000. The nation's cheapest...
Consumer agency tests simpler mortgage forms
19 May 2011
The new U.S. consumer financial products agency is testing out slimmer and clearer mortgage disclosure forms, to make borrowers aware if loan payments may skyrocket and to give them greater power...
Buy vs. rent: These days, buying wins
17 May 2011
NEW YORK -- For the first time in years, buying a home may beat renting.Two factors are at play, according to researchers who recently crunched the numbers, Ken Johnson of Florida International...
Pace of foreclosures slowed further in April
12 May 2011
LOS ANGELES – Fewer Americans had their homes repossessed by banks or were put on notice for being behind on their mortgage payments in April compared to a year ago. That would ordinarily...
(Reuters) – Bank of America Corp (BAC.N) plans to reduce its $850 billion portfolio of troubled home loans by about half over the next three years, the bank's new mortgage unit head told the...
Mortgage applications fell last week: MBA
05 May 2011
(Reuters) - Applications for U.S. home mortgages fell last week as higher insurance premiums for government-insured loans sapped demand, an industry group said on Wednesday. The Mortgage Bankers...
Affordable rental homes hard to find
03 May 2011
NEW YORK (CNNMoney) -- Can't afford to buy a home? You might have a tough time finding a cheap place to rent too.A record number of renters are spending more than half their income on housing,...
How to fail in real estate
27 April 2011
Settle down class. Our topic today is how to fail in the real estate business. It should be on every province’s mandatory education list. For credit. I could write a book but a column will...
'Uneven' housing recovery continues
22 April 2011
Home sales rose at an annual rate of 5.1 million in March, up 3.7% from February, the National Association of Realtors said Wednesday. However, sales were 6.3% lower than in March 2010. Government...
Zillow files for $52 million IPO
19 April 2011
Real estate site Zillow.com filed for a $51.75 million initial public offering Monday. The Seattle-based company didn't say in its Form S-1 filing how many shares it planned to sell, nor how it would...
Prices are low! Mortgages cheap! But you can't get one
08 April 2011
Yep, mortgage interest rates are low, but there's a catch: It doesn't matter how cheap rates are if you can't get a loan. And these days, only highly qualified borrowers can get financing -- let...
Wells Fargo's John Stumpf: How to fix the mortgage mess
04 April 2011
For most Americans, their home is the largest and most important investment they will ever make. Ensuring that they have the right kind of mortgage is critical to their financial well-being and -- as...
Majority of Canadians confident about buying a home, say housing market is more balanced
14 March 2011
An overwhelming majority of Canadians (90 per cent) are confident about real estate in Canada as an investment and 85 per cent feel that they are doing a good or excellent job of paying down their...
ING real estate deals with Lightyear, CBRE have investors wondering
21 February 2011
Lightyear is helping Clarion Capital management buy out ING's ownershipNow that the drama over when and to whom ING Group NV would sell its global real estate business is over, investors are waiting...
Foreclosures are falling - but it's a fake out
10 February 2011
NEW YORK (CNNMoney) -- Foreclosure filings plunged in January, but don't shake those pom-poms yet. It's strictly a fake out. The number of homes receiving foreclosure filings -- default notices,...
It's FREE for Real Estate Brokers and Agents
24 January 2011
The Gooplex team changed its business model and makes postings free for real estate brokers and agents. This significant change is meant to refocus the company on its main roles, which are to...
Centris® Data Transfer Bridge in Place on Gooplex.com
24 January 2011
The Gooplex team is proud to announce that it has put in place the data transfer bridge between Centris® and its website.Putting in place this bridge allows Gooplex.com to get information on real...
Agreement between the CREA and the Commissioner of Competition
24 January 2011
What the Agreement saysUnder this Agreement, the CREA must allow Sellers to retain the services of a broker for the Mere Posting of a property on the MLS System, without the Sellers also having to...
Real Estate Developers Prosper Despite Defaults
24 January 2011
Larry Gluck, the apartment building king whose company defaulted on loans in New York, San Francisco, Los Angeles and Washington, recently bought the Windermere Hotel in Manhattan and...
Federal government tightens mortgage rules again
24 January 2011
For the second time in less than one year, the federal government has tightened rules around mortgage financing amid growing concerns about how much personal debt Canadians are taking on —_a...
Innovative Concept in Real Estate - Gooplex.com is Launched
24 December 2009
With the arrival of Gooplex.com, a customized solution for real estate investment is now available.You don't buy an income property as a principal residence or a second home. Emotion plays a...