Is commercial real estate a ticking time bomb set to go off? If excessive amounts of debt placed on the properties and the amount of debt that has to be refinanced during a relatively short period of time continues, the answer is yes. This Forbes article states between now and 2013, at least $1.3 trillion [...]
Foreclosure is a frightening scenario currently affecting as many as one out of every 300 homeowners. The US Department of Housing and Urban Development (HUD) offers this advice to avoid a foreclosure (and offers it by state, too). Talk about it now. Speak with your lender. Also, foreclosure prevention counseling services are provided free of [...]
Data from this survey on buyer and agent confidence show professionals in the real estate field are feeling slightly less secure about the future, but overall remain optimistic. The Real Estate Confidence Index that conducted the survey is produced through a monthly survey of real estate professionals across the country who are asked to rate [...]
The Green Real Estate Law Journal is reporting that owners of commercial properties want more tenants to sign green leases. In this particular story, the project or a two-story or 12,800-square-foot office and retail building located in Winnipeg, Canada is the first on record in North America to actually require all tenants to sign a [...]
First-time homebuyers aren’t the only real estate risk takers about to receive a payoff from the government during a dormant housing market. Congress voted to not only expand the $8,000 first-time buyer credit set to expire in November 2009, but to add an additional $6,500 credit toward buyers who have been in their current residences [...]
Once dominated by the sub-prime lending debacle, the new wave of home foreclosures focuses on prime mortgages lent to once financially stable individuals. Many economists are predicting the unemployment rate to increase from its current 8.9 to double digits. The rise can fuel the fire of banks losses and further pressure the financial system and [...]