In California, the rate of defaults on loans is the lowest that it has been in nearly 3 years. That’s great news for California homeowners, and it’s likely to be a self-feeding cycle, says San Diego real estate research firm MDA DataQuick. The results of recent data analysis indicate that second-quarter 2010 notices of default are down 13.6%, and that Read full article »
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Rising Home Prices Likely to Lead to Fewer Defaults in Coming Months
category: Real Estate News
Dubai Reviving Real Estate Through Development Programs
On March 15, the Dubai government announced that it will allow locals to develop commercial and industrial land gifted to them by the nation’s ruler, Sheik Mohammed bin Rashid Maktoum, in exchange for a fee of 50 percent of the land’s assessed value. Previously, these lands had been tightly controlled by the government, and their uses were closely monitored and restricted. Read full article »
category: Real Estate News
High Oil Prices Lead To Improving Real Estate Markets?
I have a theory: High Oil Prices will probably ultimately lead to improvement in the real estate markets. Here's why: High oil prices have led to price inflation, particularly in foods and basic goods. And it appears that the Federal Reserve will soon raise interest rates to combat the growing threat of inflation. You might think this is a negative thing, Read full article »
category: Main Content, Real Estate News
tags: American Real Estate, Bottoms, Currencies, Dollar, Dollar Value, Economic State, Federal Reserve, Foreign Investment, Foreign Investments, Interest Rate Increases, Interest Rates, Lead, Led, Matter Of Time, Oil Prices, Own Real Estate, Price Inflation, Prime Location, Real Estate Market, S Real Estate, State Interest
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.