Gay Real Estate News | Gay Realtor Headlines | GayRealEstate.com

Texas is the one state to experience both a 3% annual job growth rate for the year ending in June and relatively stable home prices the same month. The latest Monthly Review of the Texas Economy reports Texas had “robust” job growth for the year ending in June. The state’s private sector added 251,900 jobs, with an annual growth rate of 3%, according to Dr. Ali Anari, a research economist with the Real Estate Center at Texas A&M University. When looking at jobs from a national perspective, the nation’s private […]

We’ve been reading a lot about investors purchasing a large number of properties with cash.  As L has pointed out, many investors have pulled out of equities and are looking for “safer” places to put their money. Thanks to Fannie Mae now though, investors can buy a house with cash, wait a few months, then do a 100% cash out refi. Check this out: Fannie Mae has rolled out new guidelines so that investors who’ve recently purchased a home for cash can now recoup a large portion of their investment […]

If you’re one of the millions who tune into MTV’s “Jersey Shore,” you probably picture the state’s coastline communities as a thick cluster of tourist towns like Seaside Heights, crammed with debauched guidos and guidettes packing summer crash pads and looking for love, or the one-night equivalent. But what you don’t see is the other side of New Jersey, where expensive estates fill some of the country’s most affluent areas. Ask longtime real estate agents about the real Jersey Shore and they’ll tell you (after a chuckle or a sigh) […]

Tighter lending standards by banks are disqualifying potential home buyers and preventing them from buying homes, at least according to analysts who point to that reason behind the second-quarter home ownership rate falling to its lowest level since 1998. The home ownership rate stood at 65.9 percent in June, its lowest in 13 years, the U.S. Census Bureau reports. “Tight underwriting standards and the lack of a down payment are keeping a big chunk of buyers out of the market and other people are being displaced by foreclosures,” Wayne Yamano, […]

The housing market may be getting a little tighter in a couple of months. The bureaucrats working on enacting some of the provisions of the Dodd-Frank reforms have interpreted the loosely written laws to require homes that qualify for the best interest rates to have a minimum of a 20 percent down payment. That sound you just heard is agents across the country gulping in panic. The homes that have a 20 percent down payment will get the best interest rates, those buyers that do not have 20 percent to […]

Property owners take more active roles. With metro Atlanta home values plunging by about one-third in five years, some owners are finding ways to add value to their neighborhoods. Larry Carter took the prerogative to turn around the downtown Atlanta community he bought into by getting neighbors to help clean up dilapidated properties and help real estate agents with open houses so values would not keep dropping. Warren Jolly, a developer as the CEO of the Providence Group, had a similar idea for his newer Sterling of Dunwoody condo neighborhood, […]

WHEN Lina Shuster takes portraits of clients for her photography business, she often uses the beach as a backdrop. Luckily for her, that means going just a few blocks from home. Not many New Yorkers can lay claim to that pleasure. But it is one advantage of living in Midland Beach, a small and quiet neighborhood on the eastern shore of Staten Island. More than anything else, Ms. Shuster says, it is location that gives the place its appeal. “We are in walking distance to the beach and public transportation,” […]

The two-story house in Pacific Palisades is a contemporary take on traditional Nantucket design. It sits just a short hop from the Pacific Ocean but it was a coastline some 3,000 miles away that inspired this airy beach-style house in Pacific Palisades. Trimmed in white and clad in bluish-gray shingles, the gabled two-story home is a contemporary take on traditional Nantucket design, with an open floor plan, generous use of glass to maximize natural light, numerous windows to catch ocean breezes and all the latest in electronic gadgetry. The home […]

Realty brokers say a recent uptick in contract cancellations is surprising and worrisome. Financing issues are among the causes, and economic worries and low-ball appraisals are also busting up deals. Are home buyers walking away in droves from the contracts they’ve signed? Or are they essentially fouling out of the game, unable to close deals because of financing and credit issues? Whatever the answer, this much appears to be certain: Exceptionally large numbers of signed real estate contracts fell apart last month, failing to close escrow. According to the National […]

Buying, selling, insuring your property Ask a real estate pro: Who gets any money left over after a foreclosure? Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner’s associations or any other residential real estate topic, click here. Q: My friend is facing foreclosure, but she has a good amount of equity in her home. If she does get foreclosed on, and there is money left over, does she get it? – Dean […]