Real Estate News

Foreclosure Completions Increase 64% Annually In November 2022

Published by Nikki Palmer on Thu, 12/15/2022 - 1:00am

According to ATTOM Data’s latest U.S. Foreclosure Market Report, there were 30,677 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions). This figure was up 57% from one year ago but down 5% from October. In addition, they report that REOs represented 3,770 U.S.

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Federal Reserve Is About To Hike Interest Rates Once Again – So Why Are Mortgage Rates Coming Down?

Published by Nikki Palmer on Thu, 12/15/2022 - 12:00am

The Federal Reserve is expected to raise interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, which would be the seventh increase this year. So far in 2022, the Fed has lifted its benchmark short-term rate, which influences most other borrowing costs in the economy, by 3.75 percentage points from a low of about zero as recently as March.

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Omaha ‘Riverplace’ To Break Decade-Long Dearth Of Newly Built Condos Downtown

Published by Nikki Palmer on Thu, 12/08/2022 - 5:00am

Riverplace is a proposed residential condominium project to be built on a long-vacant piece of property near the Missouri River banks, and would be the first newly constructed for-sale condominiums in about a decade. (Shutterstock)

OMAHA — A long-vacant property near Omaha’s riverfront is to come alive with a nearly $12 million residential condo project that stands out, in part, for the timing as well as a garage-top swimming pool.

The five-story “Riverplace” is believed to be the first new construction condominium structure set to rise downtown in more than a decade.

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What’s Really Driving ‘Climate Gentrification’ In Miami? It Isn’t Fear Of Sea-Level Rise

Published by Nikki Palmer on Thu, 12/08/2022 - 4:00am

Residents of Miami’s Little Haiti have been fighting plans for a luxury development for several years. (Lynne Sladky / AP Photo)

Miami’s Little Haiti has been an immigrant community for decades. Its streets are lined with small homes and colorful shops that cater to the neighborhood, a predominantly Afro-Caribbean population with a median household income well below Miami’s.

But Little Haiti’s character may be changing.

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Dig At UK Housing Site Yields Major 7th Century Treasures

Published by Nikki Palmer on Thu, 12/08/2022 - 12:00am

Liz Barham, senior conservator of the Museum of London Archaeology, displays an early medieval gold necklace during a photo call, in London, Tuesday, Dec. 6, 2022. (Kin Cheung / AP Photo)

LONDON (AP) — A 1,300-year-old gold and gemstone necklace found on the site of a new housing development marks the grave of a powerful woman who may have been an early Christian religious leader in Britain, archaeologists said Tuesday.

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Is Now The Right Time For Your Business To Buy Real Estate?

Published by Nikki Palmer on Tue, 12/06/2022 - 4:00am

For small businesses hoping to establish or expand their brick-and-mortar presence, it may seem like a bad time to sink cash into a commercial property purchase.

Amid predictions of an upcoming recession, the Federal Reserve increased the federal funds rate for the sixth time in 2022, citing inflation risks and global conflict. Inevitably, this will make loans more expensive for borrowers.

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What Mirrored Ants, Vivid Blue Butterflies And Monstera House Plants Can Teach Us About Designing Buildings

Published by Nikki Palmer on Thu, 12/01/2022 - 5:00am

The Gardens by the Bay is a nature park spanning 250 acres in the Central Region of Singapore, adjacent to the Marina Reservoir. The park consists of three waterfront gardens: Bay South Garden (in Marina South), Bay East Garden (in Marina East) and Bay Central Garden (in Downtown Core and Kallang). Its Flower Dome is the largest glass greenhouse in the world. Gardens by the Bay was part of the nation’s plans to transform its “Garden City” to a “City in a Garden”. (Shutterstock)

Almost all buildings today are built using similar conventional technologies and manufacturing and construction processes. These processes use a lot of energy and produce huge carbon emissions.

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“I Don’t Know Where I’m Going To Go”: HUD Displaces Even More Residents In This Small City

Published by Nikki Palmer on Thu, 12/01/2022 - 4:00am

HUD already closed four public housing complexes in the Cairo, Ill., area. Now the federal agency is set to demolish a high-rise, gutting the city of some of its last affordable housing. (Shutterstock)

It was the last Friday in October, and barges filled with mounds of glistening coal sat parked in the Ohio River below Lee Esther Logan’s high-rise public housing apartment complex in Cairo, Illinois. Wispy white clouds streaked a baby blue sky. The panoramic waterfront view is one that normally gives Logan peace as she takes it in from the brown recliner on her balcony.

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Property Appraiser, Accused Of Snooping In Homeowner’s Bedroom, Forfeits License

Published by Nikki Palmer on Thu, 12/01/2022 - 3:00am

An eastern Iowa real estate appraiser accused of snooping through a homeowner’s bedroom has agreed to surrender his license.

According to the Iowa Real Estate Appraiser Examining Board, Josh Binneboese of JB Appraisal in Davenport obtained authorized, unaccompanied access to a residential property when the owners were absent.

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Famed 'Goonies' House For Sale In Coastal Astoria, Oregon

Published by Nikki Palmer on Mon, 11/28/2022 - 1:00am

PORTLAND, Ore. (AP) — Good news for fans of "The Goonies:" the old Victorian home featured in the film is on sale in Astoria, Oregon, and potential buyers are considering making it more accessible to the public.