News

  • Are the Best Real Estate Investments Overseas? by

    With the housing market having paced a remarkable recovery in the past two quarters, domestic property investments have seemed like increasingly appealing portfolio entries. As I’d noted in a prior post, certain segments of America’s urban property have displayed such positive value growth potential that they’ve attracted aggressive investment from foreign wealth managers. Commercial property in economically stalwart metros such as Washington, DC and Houston has garnered investment from both Canadian and Swedish financial powerhouses.

  • Pet Wars: Apartments Strike Back by

    Apartment owners and managers are fighting tooth and claw to dispel the myth that multifamily living is unfriendly to pets, a longstanding motivation that has driven pet-lovers to become homeowners.

  • Mortgage Interest Tax Deduction Debate Heats Up in Congress by

    It was a battle between economists and legislators. The mortgage interest tax deduction was deconstructed and dismantled during a meeting of the Joint Committee on Taxation of the U.S. Congress. This $100 billion annual deduction has come under heavy scrutiny due to the budget deficit and the ongoing sequestration.

  • U.S. Home Builders Appeal to Congress for More Housing Incentives by

    According to the National Association of Home Builders (NAHB), oversimplifying the tax code and reducing financial incentives for housing could hurt the American middle class and widen the gap between the super-rich and everyone else. Such was the testimony presented to the U.S. Congress by economist Robert Dietz on behalf of the NAHB.

  • Homeownership Makes Most Americans Poorer by

    From 2009 to 2011, the mean net worth of the top 7 percent of American households rose by 28 percent, while the mean net worth of households in the lower 93 percent dropped by 4 percent, largely because wealthy Americans have the bulk of their holdings in stocks and bonds while most Americans rely heavily on home equity for their personal wealth.

  • High Rates of Default Among HAMP Borrowers by

    Among the various White House initiatives aimed at reducing the devastating numbers of foreclosures that have plagued the United States over the last few years, the Home Affordable Modification Program (HAMP) has been a controversial target of both praise and criticism. According to a recent report by the Office of the Special General for the Troubled Asset Relief Program (SIGTARP), the delinquency and default rates among many of the earliest HAMP recipients are reaching levels of deep concern.

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