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Real Estate News - cleveland.com
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| Northeast Ohio community & neighborhood news and home information |
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Pending home sales rise 5.2% in July
The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.
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Mortgage rates hit decades-low of 4.32%
Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.
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Mortgage applications rise 2.7% on low rates
The Mortgage Bankers Association said Wednesday the increase was led by a 2.8 percent rise in refinance applications. The number of loans taken out to purchase a home rose 1.8 percent.
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Construction activity declines 1% in July
Construction spending tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credit.
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Forest City to demolish, build, manage housing for U.S. Air Force families at four bases
The Air Force deal brings Forest City's military-housing portfolio to approximately 14,138 homes, with projects in nine states. The real estate company, which is based in Cleveland, will lease 846 acres from the Air Force and take over 2,387 homes in South Carolina, Tennessee and Mississippi.
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Down the Way and Lighthouse Partnership |
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Written by Administrator
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Friday, 15 August 2008 15:28 |
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August 15, 2008 - Lighthouse, Inc, a non-profit organization that has worked for positive community transformation in central Cleveland for the last 29 years, has partnered with Down the Way Enterprises to establish a new model in Benevolent Real Estate.
Using the power of volunteer groups from Lighthouse and professional project managers and capital from Down the Way, this new program will create access to energy-efficient, newly remodeled homes in central Cleveland at prices that average families can afford. YOU CAN BE INVOLVED - have a look at our new brochure - DTW_BRE_Partnership - and feel free to Contact Us to discuss how you may choose to be involved. |
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Last Updated on Saturday, 20 September 2008 15:49 |
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