Real Estate News: Embracing Rentership, Few Loan Mods Made Permanent
Real Estate News compiles a daily wrap-up from each morning’s Wall Street Journal and other news sources.
The New American Dream: Default and then Rent (WSJ): Thanks to a rare confluence of factors, more families feel that the new American dream home is a rental.
Mortgage Program Reaches 10,000 (WSJ): Fewer than 5% of homeowners enrolled in the Obama administration’s mortgage-relief plan had their payments permanently lowered to more affordable levels by October, a report said.
Data Raise Fears of China Property Bubble (WSJ): China’s urban property prices grew at their fastest pace in 16 months in November, increasing concerns a market bubble may be forming.
Firm Takes Heat on East Palo Alto Crime (WSJ): A wave of robberies and burglaries is hitting East Palo Alto. One reason behind the surge is the financial troubles of real-estate firm Page Mill, some say.
December 11 2009 02:09 am | Real Estate News