Sounds pretty grim for investors in St. Louis: their governor is making vague references to cutting nearly 86 million dollars in real estate-related tax credits. The opposition is heating up, blogging about how these cuts could destroy development in the city’s historic and low-income districts. The governor has responded by pointing out that these tax credits are not producing the Read full article »
Tag archives for Cutting
$86 Million for Real Estate Docked from City Budget: Are You Next? Probably Not.
category: Real Estate News
Housing Starts Fall Again – Bad News That’s Good
In November, new home builders cut their production levels to the worst seen in 50 years. Clearly, there are very few new houses being built... ...and that's good news. The primary problem in the real estate market is an excessive supply of properties. As soon as the supply of available property reaches a healthy level, the real estate market will be fine Read full article »
category: Real Estate News
Real Estate Investors Damaged By New Housing Rescue Plan
The new Housing Rescue Plan legislation has a component that I believe will be particularly damaging to real estate investors. It appears that under the new law, many home owners facing foreclosure will have the option to negotiate a short sale with their current lender, and the government (through Fannie Mae, Freddie Mac and FHA) will offer financing for Read full article »
category: Main Content, Real Estate News
tags: Avoid Foreclosure, Conflicting Reports, Correct Result, Cutting, Facing Foreclosure, Fannie Mae, Fha, Fha Financing, Freddie Mac, Freedom, Government Funds, Investor, Legal Interest, Legislation, Many Home Owners, Negative Ramifications, Pre Foreclosure, Private Property, Questionable Value, Real Estate Investors, Two Ways, Vast Number
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.