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Fort Carson housing notes,
an article from the
Colorado Springs Business
Journal, reports
that John Kidd, a retired
Army colonel who works for
multifamily developer Place
Properties and the corporate
liaison to military housing
offices on installations
throughout the country
expects off-post rentals and
home sales near Fort Carson
to pick up dramatically
during the next 18 to 24
months. Kidd bases his
projections on a standard
20% on-post housing goal for
active duty military
residences. Currently, Fort
Carson has about 2,500
housing units completed or
under way and another 2,000
units are planned, but those
are typically occupied by
families. According to
Kidd, he believes the influx
of troops through 2013 will
push the local community
just to keep up.
http://www.csbj.com/story.cfm?ID=19625
Regulators to lift Fannie,
Freddie limits,
an article from
MSNBC.com,
reports that on Wednesday,
the federal regulator for
Fannie Mae and Freddie Mac
said it would lift
restrictions this week on
the amount of mortgages the
government-sponsored
companies can hold on their
books. The Office of
Federal Housing Enterprise
Oversight said the two
companies' mortgage
investment limits, currently
at around a combined $1.5
billion, would be lifted
effective Saturday. The
government did not lift a
government mandate that
requires Fannie and Freddie
to keep reserves to guard
against losses of 30% above
the minimum legal
requirement. James B.
Lockhart, director of OFHEO,
said he will discuss with
Fannie and Freddie a
"gradual decreasing" of that
requirement. But he noted
that it has put the two
companies in a better
position to cope with
"volatile market conditions
and (Fannie and Freddie's)
significant losses."
http://www.msnbc.msn.com/id/23371740/
Additional articles that you
may find of interest:
Salazar, Allard differ over
housing slump
http://www.chieftain.com/metro/1204207050/1
Celebrating a one year old
fee
http://www.koaa.com/aaaa_top_stories/x9315181
Say good-bye to granite
countertops
http://money.cnn.com/2008/02/26/real_estate/remodel_cost_value_ratio_drops/index.htm?postversion=2008022711
Bernanke signals yet another
rate cut
http://www.msnbc.msn.com/id/23367821/
Builders' stocks rise as
home sales fall
http://www.usatoday.com/money/markets/2008-02-27-home-builder-stocks_N.htm
Four Pricing Tricks to Help
Sell Your Home Faster
http://www.realestatejournal.com/buysell/tactics/20080228-clements.html
Real Estate Outlook: Numbers
Best in Months
http://realtytimes.com/rtpages/20080228_realestateoutlook.htm
HUD Pushes Closing Estimate
Reform
http://www.realtor.org/rmodaily.nsf/pages/News2008022701 |