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Filtering by Tag: housing

Is it Really Affordable...Housing - Part 2

Have you ever considered the similarities and differences between Napa, California and Waco, Texas? After watching several episodes of Fixer Upper on HGTV and becoming a bit disgruntled I asked myself the same question.

You ask why was I disgruntled? In my previous article, I discussed the differences in housing costs between the two cities. With the cost of a home in Waco on average being 25 percent of a home in Napa, I ask myself why.

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Appellate Court Rules Rental Property Owners Do not have to Participate in Section 8 Voucher Program

In the case of Sabi v. Sterling, the California Court of Appeal for the Second District confirmed what CAA has known all along – California law does not require rental property owners to participate in the Federal Section 8 program, and an owner’s refusal to participate in the program is not grounds for a discrimination action.

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California builders say housing slump will turn around this year

In a forecast released Thursday, the California Building Industry Association said developers will secure permits for 128,400 single-family and multifamily units this year, up from an estimated 116,250 in 2007. The 10 percent gain would stand in sharp contrast to the 29 and 21 percent drops in housing permits in 2007 and 2006, respectively.

"We believe that California has weathered the subprime storm of 2007, the market has almost corrected and that 2008 represents an opportunity to move forward," said Alan Nevin, the Sacramento association's chief economist, on a conference call.

Source: San Francisco Chronicle

Just Published: Watch List (Nov. 25-Dec. 1): Heading for Trouble in 2008

Economy

Housing Outlook Dims for 2008

Thanksgiving may have kicked off the time for holiday cheer, but the news on the nation's housing front has been anything but cheery.

Structured Finance

Liquidity Crunch Hurting CMBS, CDO Deals; Might Give a Boost to REITs

Commercial market correction should not be as sharp as for residential.

REIT

Could Reckson's NY Office Portfolio Be Put up for Sale?

Australian REIT Reckson New York Property Trust saw its stock price lose nearly half its value this month after Scott Rechler, its chairman and CEO, told investors that the subprime meltdown has put a big hurt on the REIT.

Downsizings

Facility Closures and Mass Layoffs

This week's listings include downsizings in Alabama, Arizona, Connecticut, Florida, Michigan, Missouri, New Jersey and Texas.

Properties

Watch List

Read all of the above stories and access this week's properties on the Watch List in: Boaz, AL; Fontana, CA; Bristol, CT; Orlando and Plantation, FL; Arabi, LA; Detroit, MI; Minotola and Paterson, NJ; Brooklyn, Penfield and Troy, NY; Oklahoma City, OK; Robinson Township, PA; and Austin, Desoto, Houston, Killeen, Kingwood, Richardson, Seabrook, Temple and Waco, TX.

Source:  CoStar Group

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