The big housing news of 2015 so far has been the Obama administration’s announcement that the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers pay for FHA-insured home mortgage loans by 50 basis points—a half percentage point. But what impact will that have on affordability?
Ferris wheels, roller coasters, and the Florida economy—they are all famous for their ups and downs.
A Boston convention authority develops universally adaptable structures as long-term assets that can transition from parking to retail, office, hotel, housing, and entertainment uses.
From 1971 to 2008, only five states passed legislation enabling land banks; but in the last six years, another eight have done so. As vacancies and blight have plagued parts of the United States still recovering from recession and the mortgage foreclosure crisis, so too has land banking grown. There are now some 120 land banks and land-banking programs in 13 states, with West Virginia joining the list in 2014.
The United States is undergoing a “pivotal period of demographic change” that will be as important to the 21st century as the baby boom was to the 20th century, according to William H. Frey, demographer for the Brookings Institution and author of Diversity Explosion: How New Racial Demographics Are Remaking America.
According to Trulia’s chief economist, U.S. home prices were 2 percent undervalued in the fourth quarter of 2014. But the most overvalued market in the country is now Austin, at 16 percent overvalue, followed by Orange County and Los Angeles in southern California. Nine of the 100 largest metro areas are 10 percent or more overvalued.
Lisette van Doorn, a highly regarded real estate investment professional with experience across Europe, has been appointed chief executive of ULI’s European operations, effective in January 2015.
Competition for prime assets in Europe’s major real estate markets is leading investors to continue their move into secondary assets and recovering markets, according to Emerging Trends in Real Estate Europe 2015, a forecast published jointly by ULI and PwC.
Portfolio management is the art and science of making decisions about investment mix and policy; matching investments to objectives; allocating assets for individuals and institutions; and balancing risk against performance.
The SteelStacks Arts and Cultural Campus sits within Bethlehem Works, a 126-acre (51 ha) parcel established as a 20-year tax increment finance (TIF) district in 2000.