An introduction is presented in which the editor discusses an interview with the economist Robert Shiller which is provided in the issue as well as valuations and long-term returns.
WHEN real estate was booming, many New Yorkers joined in the rush to turn their houses and apartments into ATMs, withdrawing cash through home-equity loans, or flipping them. Now, with property values under pressure and the rental market on fire, they are trying a new move to pull value out of their homes without selling: they are renting out their roomy apartments and stately town houses for high prices and moving into cheaper, more modest quarters. [ABSTRACT FROM AUTHOR]Read More
The article examines lessons that have been learned from the boom in the property market and the subsequent crash. Elements such as housing prices, property valuation, property-related tax breaks, and mortgage financing are discussed. The author attests that while the worst parts of the U.S. property crisis are likely over, areas in Europe are more fragile.Read More
The article focuses on the Department of Housing and Urban Development (HUD) Section 232 senior housing/healthcare loans. It states that all HUD 232 loans will be processed through the new Lean funding process of the agency in 2010. It offers information on the Green Lane innovation from HUD which is used to increase the speed of processing low-risk loans. Furthermore, the risk assessment system of HUD which evaluates things such as cash flow, appraised value, and loan-to-value, is discussed.Read More