Wednesday, November 14, 2012

Morning Real Estate Fix


FCP sells Allegro apartments in Columbia Heights (press release)  Federal Capital Partners sold the 297-unit Columbia Heights apartment building to Prudential Real Estate Investors.

Builders warming to senior housing (National Association of Home Builders) Builder confidence in the 55+ community for single family homes was up sharply in the third quarter of 2012, improved from this time last year.

Commercial mortgages down, prices up (HousingWire) Down 17% from last quarter and 7% from this time last year, commercial mortgage originations are slipping, but prices are rising, even though they remain down significantly below their high.

Builders warn on housing (CNBC)  Loan delinquencies are down, and many housing indicators are up, but investors are playing an increasing role in the uptick, a warning to some home builders.

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