Scott has really opened up a can of worms: Are homeowners with kids getting a free ride in property taxes? His post has already generated dozens of comments. Here’s how Scott introduces the subject: OK, it seems fairly mean-spirited to cast homeowners with children as moochers, living off the municipal largesse. But I suspect in [...]
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Archive for the 'General real estate stories' category
After nearly destroying the world economy by recklessly selling bundled mortgages in securitized bond packages, it seems some Wall Street firms hope to roughly do the same thing with single-family homes that people rent. BlackRock, which has purchased tens of thousands of foreclosed homes and now rents them out to people at a profit, is reportedly [...]
Old Blue Eyes himself used to use this LA pad as a getaway party pad. Gotta love it. File under: If walls could talk
Mortgage rates are really starting to climb. Granted, in the big picture of things, they’re still at historically low levels at 4.5 percent for a 30-year mortgage. But the numbers are all pointing upward these days — and few expect them to fall back to their previously lower levels.
Scott’s had it with new homes that seem to showcase, first and foremost, huge and ugly car garages, not the home itself.
Interest rates are still historically low. But they’ve been starting to head back up recently, perhaps never again reaching the lows we saw earlier this year. You’ve been warned. Ah, percentages, percentages, percentages. File under: Hello 4 and 5 percent rates?
From Bloomberg, proving once again that we’re now experiencing a pretty darn strong recovery in the housing market: The S&P/Case-Shiller index of property values increased 10.9 percent from March 2012, the biggest 12-month gain since April 2006, after advancing 9.4 percent in February, a report showed today in New York. The median projection of 30 [...]
The potential sale of the most expensive home on the US market is being closely watched as a possible harbinger of hot markets to come. This humble little ocean-front cottage is located in Greenwich, Conn.
Well, all we can say is: OMG. Bloomberg has a story about how there’s a housing bubble threat, not to be confused with an actual housing bubble reality, and how it’s a worrisome development. Let’s get this straight: After five years of being in the dumps, the housing market finally bounces back, stronger in the [...]
In case you missed it, American Residential Properties Inc. went public earlier this week, raising $287.7 million from its initial public offering. Keep in mind that ARPI’s business model is to buy single-family homes, then rent them out. That’s it. So far, it has no home investments in Massachusetts (or New England, for that matter). [...]