Friday, March 09, 2012

Morning Real Estate Review


Despite good times, REITs take a hit in February (Globe St) February was an off month for REIT performance, but don't get too upset for their owners, overall its been a good year, and future prospects are "excellent".

Legendary DC developer Sonny Abramson dead at 94 (Washington Post) Developer founded Tower Companies and built Washington Square and was the driving force behind the Holocaust Museum.

NAR hoping to gather thousands of agents in DC to protest housing policy changes (AG Beat) New proposals aimed at cutting mortgage interest deductions, potentially privatize Fannie Mae and Freddie Mac, a 20 percent down on all home loans, and an increase in fees lenders must now pay to have their loans guaranteed by Fannie and Freddie should go up

Low rates and weak mortgage volume lead to low profits for banks (HousingWire) Bank revenue is down, thanks to poorly performing mortgage market, just at the time banks are writing off bad loans.

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