Waverly Real Estate News
Sunday Apr 5 | via The Times-Tribune
A representative from the Housing Alliance of Pennsylvania will give a presentation on land banks at city council's public caucus at 5:30 p.m. Thursday at City Hall. Councilmen Bill Gaughan and Wayne Evans hope to create a land bank with Lackawanna County government to battle blight and get vacant properties back on the tax rolls. Comment?
Mar 10, 2015 | via The Times-Tribune
Without help from the Lackawanna County Housing Coalition, Asia Wallace would not be a homeowner, she said Tuesday during the coalition's 20th anniversary celebration. Ms. Wallace, 30, who previously lived in shelters and Section 8 housing, said assistance from coalition members Lackawanna County Housing Authority and NeighborWorks Northeastern Pennsylvania was indispensable in helping her recently buy a home in Taylor, where she lives with her two young children. Comment?
Sep 1, 2009 | via The Citizens' Voice
As federal investigators look into the financial dealings of former Lackawanna County Commissioner Robert Cordaro, they have asked questions about the complex financial arrangements behind his purchase of a $700,000 house near Lake Scranton. Cordaro acquired the house in March 2006 at 57 Tiffany Drive, Dunmore, a 5,000-plus-square-foot home with four fireplaces, a home movie theater and sweeping views of the valley. Comment?
Feb 19, 2015 | via The Times-Tribune
A more-attractive-than-usual slate of Scranton properties will be available at next month's judicial sale for bargain hunters. The properties are among hundreds that city officials targeted for a different sale process known as the "Pittsburgh Plan" in the 1990s but never followed through, said Ron Koldjeski, deputy director of the Lackawanna County Tax Claim Bureau. Comment?
Jan 10, 2015 | via The Times-Tribune
Fannie Mae, also known as Federal National Mortgage Association, Dallas, Texas, by its attorney in fact, Phelan Hallinan LLP, to Jeffrey Michael Magnot; a property at 202 Prynn St., Blakely, for $105,900. Covington Lakes Estates LLC, Covington Twp., to Ralph and Robbin Lamo, Clinton, N.J.; a property at Route 611 and State Road, Covington Twp., for $300,000. Comment?
Friday Apr 24 | via Mortgage News Daily
Filling key positions in our industry is not an easy task sometimes, but as one banking vet I know likes to say, "give me someone with a little bit of smarts, and a little bit of drive, and I'll hand them back a career." Of course, she doesn't live in New York, and maybe hasn't read Business Insider's Companies Can't Find Employees Who Can Hold a Conversation or Show up on Time. Comment?
Thursday Apr 23 | via Mortgage News Daily
Home prices nationally are now within 3 percent of the peak they reached in March 2007. The Federal Housing Finance Agency released its purchase only Home Price Index for February showing that home prices increased 0.7 percent on a seasonally adjusted basis compared to January and were 5.4 percent higher than in February 2014. Comment?
Monday Apr 20 | via China Daily
Michael Spence, a Nobel laureate and the William R. Berkley Professor in Economics and Business at New York University, told a conference in New York on April 17 that he expects China's GDP growth to average 6 to 7 percent annually. China's real estate market is so big that it can affect the global economy, and the country's regional and local government bond market play a major role in the national economy, said participants at a conference on China's property market. Comment?
Monday Apr 13 | via The News Item
A backlash over a controversial Indiana law is spurring new resolve among supporters of legislation to ban discrimination based on sexual orientation or gender identity in this state. Bills to include members of the lesbian, gay, bi-sexual and transgender community under Pennsylvania's anti-discrimination law have been in the legislative hopper for nearly a decade but seen little movement. Comment?
Thursday Apr 9 | via Mortgage News Daily
According to the U.S. Census Bureau, the national mover rate has remained stable since 2008. In 1948, about 1 in 5 people moved over a one-year period, that number is now 1 in 9. Between 2013 and 2014, suburbs experienced a gain of 2.2 million movers, whereas cities experienced a loss of 1.7 million people - despite all the chatter about the urban revolution. Comment?
13 min ago | via Tony's Kansas City
The U.S. commercial real estate market is overdue for a correction and right now there's a feeding frenzy to cash out while there are still greater fools waiting to separated from their money. To wit, here's just a bit of Downtown Kansas City consumer reporting about the cash that taxpayer subsidized housing is taking off the top . Comment?
13 min ago | via Seeking Alpha
Biggest of this week's economic items is Wednesday's interest rate decision from Fed. It's unlikely any changes will be made to Fed Funds Rate, though the language will be parsed. Comment?
15 min ago | via Seeking Alpha
Hard as it is to believe, the Fed-funds rate may stay next to nothing for 5 more years. This would give support to stocks in the short to medium term. Comment?
15 min ago | via M2.com
Great Southern Bancorp, Inc. said it has reported its preliminary financial results for the first quarter that ended March 31, 2015. Preliminary earnings for the three months ended March 31, 2015, were USD0.83 per diluted common share compared to USD0.63 per diluted common share for the three months ended March 31, 2014. Comment?
17 min ago | via Seeking Alpha
Remember that ARCT5 was aggregating capital using its non-traded REIT platform, so essentially the investors were paying $10.00 and only around $8.50 was being invested in the real estate. The stage is set for another round of financial engineering, except this time, the magician is not around for the final liquidity event. Comment?
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