Monday, June 11, 2012

Morning Real Estate Review


Supreme Court rules that settlement fees don't violate RESPA (JD Supra)  The Supreme Court resolves a split between circuits by ruling that settlement service providers can charge "unearned" fees as long as they don't share them.

Fannie Mae:  Home prices expected to rise tepidly over the next year (Fannie Mae)  Prices are expected to rise 1.4% over the next 12 months as the recovery once again seems halted and consumer confidence ebbs.

L.A. based CommonWealth Partners plans $6B in real estate investment (Wash Business Journal)  The investment company will join with CalPERS to focus on real estate investments around the country, including D.C.

Developers cool on Corcoran Gallery reuse (Washington Business Journal)  Developers say the need for upgrades and odd configuration of the building make it hard to envision the building as office spaces or residences.

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