News from the Federal Reserve meeting that bond buying by the Fed may taper off even if the unemployment rate does not fall drove stocks downward in today’s trading. CNNMoney reports the Dow Jones Industrial average dropped -0.41 percent, -66.21 points, to end the day’s trading at 15,900.82. The Nasdaq […]
Liberty Homes Drops Precipitously: Three Major Indexes Fall Read More
60 years after ‘Airey-type’ homes were built using prefabricated concrete panels, these homes are getting a desirable make-over. The 1950s era construction were only expected to last a decade. Win Dolan, 62, lives today in a home with her husband Derek on Hebron Avenue. Dolan says she’s live here all
British PreFabs Get MakeOver after 60+ years Read More
Highlights-NAR-HBS-2013The National Association of Realtors (NAR) recently released its 2013 Profile of Home Buyers and Selelrs. Saint Louis Today tells MHProNews the American Dream of home ownership is alive and well. Sixty-six percent of buyers surveyed are married couples, the highest percentage since 2001. The percentage of single home buyers
NAR releases 2013 Profile of Home Buyers, Sellers Read More
A dispute between Columbia Drive Mobile Home Park and the town of Kennewick resulted in power being cut off to dozens of residents. The BellinghamHerald tells MHProNews that the city cut power to 24 homes, when the city alleged the 1950s electrical wiring might be a fire hazard to residents.
Parts of Kennewick’s Columbia Drive without Power Read More
Bulldozing Hoppers mobile home park in Sandusky OH has begun, the SanduskyRegister tells MHProNews. Joe Yost allegedly allowed water bills to go unpaid for years. Those bills are said to total $260,000, and were given as the reason by city officials to turn off the water last August 1 to
Bulldozing Hopper’s in Sandusky Read More
Sam Zell told the REIT (Real Estate Investment Trust) Industry in San Francisco, “Open Kimono, total transparency.” That was the key to success for REITs, said the chairman of Equity Lifestyle Properties (ELS), Equity Group Investments (EGI) and Equity Residential (EQR). Zell said that when the government passed the original
Sam Zell says, Open the Kimono Read More
Topix, Bring on the Bulls, LinkedIn and Silobreaker were among the sites that joined popular WND in sharing coverage on the exclusive MHProNews report on Sam Zell, “Our Way of Life is Very Much Threatened.” Alexa, an online website rating service, ranks WND as one of the top 10,000 websites
Sam Zell article on MHProNews draws WND, Media attention Read More
The early sellout of model home floor space for the 2014 Louisville Show is one of many signs that the trade show is on a strong track. Last year set a post 2010 record for attendance, making Louisville the best attended manufactured housing industry event. Attendees MHProNews has spoken to
Louisville Manufactured Housing Show Draws Praise and Enhanced Interest Read More
When two Sarasota Florida area manufactured home communities had their tax appraisals, property owner Equity Lifestyle Properties (ELS) appealed the stiff jump in what the county Value Adjustment Board wanted. The appeal was successful. It saved Bay Indies MHC residents some $96,000 according to the HeraldTribune. The nearby Lake Village
Dickens Moans, but Equity Lifestyle Properties had already done the right thing Read More
New CFPB imposed guidelines for mortgages loans aren’t just threatening manufactured housing, they are squeezing conventional housing buyers too. Sam Khater, senior economist at CoreLogic said: “It will tighten things further. The largest constraint is the 43 percent threshold,” said Khater. “It will hit more refinances than purchases because a
Many Groups of Home-buyers Squeezed out by CFPB rules? Read More
Inquiries about the 2014 Louisville Show to MHProNews serve as a good reminder to share updates about the upcoming manufactured home industry trade event and revised show website. As previously reported, the number of homes on display will rise again in 2014. There will be 48 new model homes on
More New Homes, Exhibits plus Seminars at 2014 Louisville Show Read More
Hillyard business owners and area residents are hopeful about change for an older ‘mobile home park’ that a new owner plans for this Spokane, Washington land lease community. The former Wishing Well Mobile Home Park has been renamed Easy Acres. KREM tells MHProNews that Lisa Bonser, a resident says she
New MHC name, owner and planned changes bring hope to area Read More
The tougher standards for mortgage lending – a result from Dodd-Frank – combined with rising mortgage rates has made it difficult for many buyers to get loans. This has lead to more all-cash deals on home buying. RealtyBiz tells says recently data released by RealtyTrac shows that 40% of home
More Home Buyers Purchasing Property All Cash Read More
A report from real estate research firm DataQuick reveals that U.S. home sales priced at more than $1 million are rising at three times the rate of the broader market. The journalgazette tells MHProNews that Craig Moe, who bought a $1.2 million home in June said, “When the real estate
Wealthy returning, driving Million-dollar home sales up Read More
The stock markets are closed today, in observance of the labor day holiday. MHProNews wishes all a happy Labor Day. Speaking of time off and holidays, the Daily Business News’ industry in focus reporter Matthew Silver has been on holiday the last two weeks. Silver returns tomorrow to resume the
Markets Closed Today, Happy Labor Day Read More
Following up on a popular story from last Friday, ManufacturedHomeLivingNews.com is showcasing Saw move star Betsy Russell’s $1,999,999 luxury pad overlooking the Pacific in posh Malibu, California. Numerous media outlets picked up on the real estate listing in exclusive Pointe Dume Club manufactured home land lease community. But LAist, TMZ
Movie Star’s Two Million Dollar Manufactured Home Masterpiece Creates Teachable Moment Read More
Over a dozen residents in the pricey Aspen, Colorado area who live in the Pan and Fork Mobile Home Park attended the Basalt Town Council meeting, hoping for the council to buy land for their homes. Many of the residents don’t speak fluent English, so were unable to express themselves.
Manufactured home community residents still hope town will buy land Read More
Writing in Inman, mortgage broker Lou Barnes laments that “six years after mortgage misbehavior stopped cold, we still do not have a national understanding of what happened, laboring in ignorance, score-settling, and the entirely successful effort by Wall Street investment bankers to dodge accountability.” Barnes notes that, “Pre-bubble, every mortgage
Barnes blasts blackest comedy of Dodd-Frank, signals retreat toward “common sense” Read More
As proof that ‘volatility is back’ in the market for the foreseeable future, the Dow slipped again today, or 9 out of 12 trading sessions. President Barack Obama and his administration’s recent bellicose rhetoric – even with talk about limits on what may be an impending incursion by the U.S.
Bellicose Banter Braces, Dow slips, tracked housing stocks mixed Read More
Saw star Betsy Russell recently listed her lavish, custom manufactured home overlooking the Pacific Ocean in ritzy Malibu for just a buck under a cool 2 million. TMZ and other media outlets both raved and ranted. “On top of the nearly $2 million price tag, the HOA fees will run
Stunning 2 Million dollar manufactured home, but TMZ and media struggle to ‘get it’ Read More
