Trulia’s Chief Economist Joe Kolko revealed the latest findings from their Housing Barometer. Kolko’s findings are that the recovery has entered a new phase as mortgage rates rise and inventory expands. While prices and existing-home sales are nearing normal, new construction and sales are far from their pre-bust peak. Forbes […]
Housing Recovery in Phase 3, Market 64% Back To Normal Read More
A bankrupt Wheeler Rental and Mobile Home Sales have about a dozen customers hopping mad, with some demanding criminal charges. Oklahoma City’s KFOR told MHProNews that Jerry and Lisa White signed a check to Wheeler to purchase a bigger home for the three grandchildren they adopted. “We want to make
Criminal charges demanded against bankrupt MH Dealer Read More
CNN Money tells MHProNews that volatility is back in the market for the foreseeable future. Potential good news abounds, such as the revelation that Chinese made Google Moto X smartphone could be made in the U.S., not for $50 or $100 more per phone, but for a mere $ 3.50
Volatility Returns, Dow Crawls Back Read More
The National Modular Housing Council (NMHC) reports that actual shipments of 3,838 new modular homes occurred in the second quarter of 2013, up 10.6 percent from the same quarter in 2012. Relative to Q2 2012, state shipment results for the second quarter of 2013 showed increases for 22 states and
Modular Shipments continue to Rise Read More
Chino Valley, Arizona launched a home repair program for low-income residents. The town joined other nearby locations in AZ, said planner Ruth Mayday, who oversaw a similar program for the town of Prescott Valley. “We have to serve the population that the state of Arizona tells us in terms of
House and Manufactured Home Repair Program for Low Income Underway Read More
Norwich University and Middlebury College will co-host a send-off event for their student-teams competing in October in the international U.S. Department of Energy Solar Decathlon in Irvine, California. Governor Peter Shumlin will be the keynote speaker at the Statehouse event in Montpelier on Tuesday, Sept. 10. Norwich University President Richard
Governor to grace Solar Decathlon team send off Read More
Lenddo, Kabbage and Kreditech are among the companies that use Facebook, PayPal, eBay or Amazon to determine if people without traditional FICO scores may be credit worthy. CNN Money tells MHProNews that some of these start ups are finding that while traditional lenders steer clear of no/low credit score customers, that social
Can Social Networks Impact Credit Scores? Read More
Ingenia (ASX:INA) purchased two immediately earnings-accretive Manufactured Home communities in Mudgee, New South Wales, for $11.2 million. The Mudgee Valley MHC will be acquired for $4 million, which has an 8.8% trailing yield, and unlevered internal rate of return (IRR) exceeding 20%. The second purchase is the Mudgee Tourist and Van
Ingenia announces buy of two ‘down under’ MHCs Read More
Gold and oil rose, as stocks slid for the last two days and for 8 out of the last 10 sessions. CNN Money tells MHProNews that issues such as a possible U.S. attack on Syria, ObamaCare’s increasingly obvious impact on business, the looming federal debt ceiling/CR and jitters over the
Syria, ObamaCare, CR and FED jitters continue to fuel Dow’s slide Read More
One of the eight 2013 Research and Design award selections by Architect Magazine in the ecoMOD Project was from the University of Virginia (UVa). The home was chosen as an example for “low-impact, energy-efficient housing units.” The ecoMOD Project aims at sustainable residential design for low- to moderate-levels, using prefab
Architect dubs UVa ecoMOD project selection a winner Read More
Sounding off in the respected Huffington-Post, Wake Forest Law School Professor Tanya Marsh writes that: “First, the mega banks are just fine.”…”Second, community banks are definitely not fine.” and “Third, consumers are the big losers.” Marsh states that “In the second quarter of 2013, Bank of America saw a 63% increase in
A recent report by the Consumer Financial Protection Bureau (CFPB) agency found some servicers are “sloppy” about transferring paperwork when loans are sold, misapply payments and occasionally cause homeowners to pay their property taxes late. AOL’s realestate tells MHProNews that “Today’s report highlights both the mortgage servicing problems throughout the industry
CFPB’s Cordray: “Fixing” sloppy service by non-banks “is a priority for us” Read More
The Senate Banking Committee is developing housing finance reform legislation introduced in the Senate (S. 1217) by Bob Corker (R-TN) and Mark Warner (D-VA). Senate Majority Leader Harry Reid (D-NV) has indicated he opposes the plan abolishing the GSEs, asserting it would become too difficult for many to purchase a
Reid Opposes GSE reforms, clouding future of effort Read More
Questions about the timing of the FED’s QE bond buying, coupled with concerns that the U.S. may become involved in Syria’s civil war caused investors to pull back, CNN Money told MHProNews as the Dow slid to a close of 14,946.46, down -64.05 (-0.43%). Meanwhile, the Yahoo! Finance Manufactured Housing Composite
FED’s QE plans, Syria spook investors, stocks slide, but MH composite rises Read More
Two tea party Republicans serving on the Wilton Republican Committee are part of what may be an re-emerging pattern within the ranks of the party. Not unlike the 2010 Tea Party revolution that brought dozens of Republicans into the House of Representatives, local candidates Rob Arrigo and Elaine Gerber are
Tea Party Republicans challenging Incumbents over SAFE Act, Constitutional issues Read More
A letter to the editor of the ukiahdailyjournal by Judy DeBeni, a resident of Lake Mendocino Mobile Home Estates, in Ukiah CA brings to light an issue that goes well beyond her land lease community. DeBeni writes: “Sue Everett, in her letter of Aug. 7, claims to represent the residents
CA MHC resident says ‘Home Owners Association’ doesn’t speak for her or Residents Read More
MaineHousing’s tells MHProNews about their pre-1976 Mobile Home Replacement Initiative, which provides income-eligible Maine residents with an opportunity to replace the pre-1976 mobile home they own and occupy as their primary residence with a new Energy Star-certified manufactured home. The initiative combines an amortizing, interest-bearing MaineHousing mortgage loan with a $30,000
Residents of Fox Point manufactured home community in Wheeling, IL protested the town and FEMA’s actions that could keep them from re-occupying homes damaged in floods last April. The dailyhearld tells MHProNews that about two dozen picketers carried signs reading, “Stop discriminating” and “We are poor, not stupid,” as they
MHC Residents Protest City, FEMA Decision Read More
The National Association of Home Builders (NAHB) tells MHProNews that sales of newly built, single family homes declined in July 13.4%, to a seasonally adjusted annual rate (SAAR) of 394,000 units. “The drop-off in sales in July is in part a reflection of buyers’ reaction to the recent uptick in
Higher Mortgage Rates Cause Pause, may Fuel more Home Sales soon Read More
Day two of the rebound from stocks saw the Dow close at 15,010.51, +46.77 (+0.31%). CNN-Money tells MHProNews that some investors may have taken hope in a new academic paper from Northwestern University economists Arvind Krishnamurthy and Annette Vissing-Jorgensen presented at the annual meeting of central bankers in Jackson Hole, WY,
NW economists, how to taper without killing housing, Day Two of Stock Rebound Read More
