Some economists and analysts urge a dose of shock therapy that would shift benefits to future homeowners from current ones: Let the housing market crash.
View full post on NYT > Real Estate
Housing Woes Bring a New Cry: Let the Market Fall
September 7th, 2010 
Sellers Aren’t Cutting Prices
September 7th, 2010 According to Zillow.com, the number of sellers on the site who reduced their prices remained the same in August as July.
View full post on Daily Real Estate News
Tiger Woods’ $54 Million Mortgage and Golf Development
September 7th, 2010 We at Move Trends reported earlier this year that Woods planned on creating a handful of unique courses around the world starting with his first development of a 3,200-acre golf resort community in the Blue Ridge Mountains in North Carolina with the help of golf resort developer Jim Anthony.
So we have to ask the question – will these new real-estate dealings truly increase his net worth? He’s reportedly got between $500 and $600 million in his offers, but his ex wife Elin Nordegren is now a $100 million woman.
The economic recession may say otherwise, since the demand for luxe homes on golf courses has been impacted, according to the Wall Street Journal.
However, the Cliffs development in North Carolina might be so unique that it really will bring in money. The gorgeous land might just help boost Woods’ pockets and brand. But how will the mortgage deal in Florida impact Woods’ bottom line?
Only time will tell, but with his corporate sponsors such as Nike and Gatorade suffering as much as Woods is on the golf course, his swing at real estate needs to be a hole in one to aid in saving his image! The latest news details Woods coming off a tie for 12th last week at the Barclays, and he came in fourth place on both the first tournament of the 2010 season, and the US Open.
(Photo courtesy of TMZ)
-Marjani Clarke, Celeb-sessed Staff Writer
View full post on Move Trends
FHA Short Refis Go Live
September 7th, 2010 The FHA Short Refinance option was announced by the U.S. Department of Housing and Urban Development.
The option is available on owner-occupied transactions with case numbers issued on or after Sept. 7.
To qualify, the mortgage must close by Dec. 31, 2012.
View full post on MortgageDaily.com – Mortgage News Headlines
Square Feet: Orlando’s Newest Attraction Is Medical
September 7th, 2010 Laka Nona medical city will include a medical school, hospitals, research centers and space for biotech start-up companies.
View full post on NYT > Real Estate
