Broad improvements coming for the US real estate markets, taking a look at principal reduction, Americans looking to buy over renting, and more in today's industry news round-up!
A Light-Filled Loft l Wall Street Journal - Real Estate
This loft-style condo in Brooklyn's Park Slope has south and west exposures that blanket the two-bedroom home with sun.
Real estate success on the horizon according to high-level survey l The Title Report
A new Urban Land Institute survey of 38 leading real estate economists and analysts from across the United States projects broad improvements for the nation’s economy, real estate capital markets, real estate fundamentals and the housing industry through 2014.
Americans More Likely to Buy, Not Rent, According to Fannie Mae Survey l DSNews.com
According to the March 2012 Fannie Mae National Housing Survey, 48 percent of Americans who responded expect rental prices to increase, and the expectation is that they will go up by 4.1 percent over the next 12 months, the highest number recorded to date and an increase from 3.5 percent in February.
Does principal reduction work? l CNN Money - Real Estate
The world will only have to wait a few more weeks to find out whether Fannie Mae and Freddie Mac will allow principal reductions on mortgages they back.