Just a few months ago, Altisource Residential celebrated the fact that it was about to double the size of its portfolio of single-family rental homes, a move that marked a significant step in the company’s transition from a buyer of non-performing loans to an operator of rental homes. But the company’s move to single-family rentals isn’t without its stumbling blocks along the way, as the company announced Monday that it posted a net loss of $57.6 million, or $1.06 per diluted share, in the third quarter.
Altisource Residential struggles with shift to single-family rentals syndicated from WordPress Account
Consumers are growing more concerned about the economy as their uncertainty grows. A recent Fannie Mae survey reflecting consumers’ current views and forward-looking expectations of housing market conditions shows Americans are becoming more unsteady about the nation’s economic health.
Fannie Mae: Americans feeling more and more nervous about the economy syndicated from WordPress Account
The story is still developing on alleged serial killer Todd Kohlhepp, 45 and a registered sex offender living in South Carolina. But there is one key fact about Kohlhepp that is leaving those following the story shocked: How did Todd Kohlhepp get a real estate license? Here’s a brief recap on the developing story.
Monday Morning Cup of Coffee: How did alleged serial killer get his real estate license? syndicated from WordPress Account
As the Northwest’s housing market wraps up one of the best Octobers on record, it’s predicted to head into a strong winter season. Once again, the market will likely face low inventory, a backlog of buyers and historically low interest rates.
Northwest home sales expected to stay strong this winter syndicated from WordPress Account
Summer is over, and the housing market is transitioning into the fall and winter months. As a result, California home sales followed typical seasonal trends in September and decreased. Madeline Schnapp, director of Economic Research for PropertyRadar, takes a longer-term view to give a better picture of the market.
California home sales decline as market moves into autumn syndicated from WordPress Account
Low housing inventory levels plagued the market last year, and it’s still not over. So will next year bring better news or more houses on the market? The National Association of Realtors gave its forecast for next year at the 2016 Realtors Conference & Expo. The forecast, while not likely to solve all the shortage problems, is still positive.
What’s in store for housing in 2017? syndicated from WordPress Account
The state of New York is set to give an additional $20 million to the state’s land banks as part of a continuing effort to fight neighborhood blight throughout the state, the office of New York Attorney General Eric Schneiderman announced this week. The funding will come from the state’s settlements with Goldman Sachs and Morgan Stanley, both of which agreed to multi-billion dollar mortgage bond settlements earlier this year.
New York allots $20 million to state land banks to fight blight syndicated from WordPress Account