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.
When Chief Executive magazine this May released its tenth annual survey of best and worst states in which to do business—based on factors including skilled workforce, taxes and regulations, and the quality of the living environment—it was no surprise that Florida, the Carolinas, and Georgia were in the top ten.
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.
Texas claims three of the top markets, according to the annual survey report from ULI and PwC U.S.
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.