Friday, April 13, 2012

Morning Real Estate Review

Flood of foreclosures to hit the housing market (CNN) The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved.

In Lucky Housing Markets, Bidding Wars are Back (Business Week) Bidding wars, absent from most parts of the U.S. residential market since 2006, are making a comeback, from Seattle and Silicon Valley to Miami and Washington, D.C.

Watchdog Blasts Housing Program for 'Hardest Hit' (AOL Real Estate) A federal-state program aimed at helping homeowners in states hardest hit by the mortgage crisis is falling far short of its goals, a federal watchdog said in a report released Thursday.

D.C. No. 2 on EPA green building list (Washington Business Journal) D.C. ranks No. 2, behind Los Angeles, on the Environmental Protection Agency’s annual list of the 25 cities with the most Energy Star-certified buildings.

Mortgage rates take a dive, 15-year hits all-time low (Washington Post) Fixed mortgage rates plummeted a full tenth of percent this week, marking their third consecutive week of decline in the wake of disappointing jobs numbers, according the data released Thursday by Freddie Mac.

Commercial Real Estate Prices Mixed: General Commercial Sector Gains Momentum While Investment Grade Sees Seasonal Dip (Market Watch) This month's CoStar Commercial Repeat-Sale Indices (CCRSI) provide the market's first look at February 2012 commercial real estate pricing.



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