Wednesday, August 24, 2011

Morning Real Estate Review


HUD awards $28m to rural communities (Realestaterama) HUD today awarded the money to 46 rural and tribal communities throughout the U.S.

Existing home sales up over last year (National Association of Realtors) While existing home sales fell during the typical summer slowdown, for an annual rate of 4.67m homes. That number is significantly higher than last year at this time, which came in at a rate of 3.86m home sales.

States' talks with mortgage lenders goes slow
(LA Times) Expected $20b punitive fees from lenders was expected as talks hit stumbling blocks.

Foreign investors increasingly eye U.S. multi-family assets
(multi-family executive) Foreigners have already spent $2b this year, up from $1.13m for all of last year.

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