Friday, August 17, 2012

Morning Real Estate Review

Builders started less project in July (Washington Post)  Constructions starts were down nationwide last month, but permits are now on the rise.  While construction of single-family homes is down, apartment construction is up.

New federal rules change the appraisal process (Washington Times)  All high-risk mortgages would have to have an appraisal first.

HUD to auction $1.7b in home loans (Bloomberg) A host of non-performing, federally insured home loans will be put on the block.  The sale consists of 9400 loans.


Over the River on Aug 17, 2012, 10:07:00 AM said...

fewer projects, not less


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