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 …
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 …
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
In an editorial, MH aficionado Crystal Adkins said that in her opinion, journalists are a significant part of the image problem manufactured home owners and professionals face daily. “There are so many great benefits and advantages of manufactured homes.” Adkins said. She writes that manufactured home owners ought to be …
Adkins Blasts Media for Anti-Manufactured Home Bias Read More
VPR tells MHProNews that most of the money from recovery efforts post tropical storm Irene went to rebuilding state and town roads and bridges. But signifcant sums were also used for relief of those, including in manufactured home communities like this one in Berlin, VT, to help storm victims with …
Bob Pritt’s 208 square foot home is only 208 square feet, cost him about $20,000 to build, but Anderson County can’t say yes, because his home is not a HUD Code certified manufactured home, so it can’t be placed in a manufactured home land lease community. Pritt’s had his home …
Tiny House, not ok’d for Manufactured Home Community Read More
California Governor Edmund Brown signed legislation – AB 379 – authored by Assemblymember Cheryl R. Brown (D-San Bernardino). The bill’s objective is to preserve access to manufactured housing by allowing it to be converted from “chattel” – personal property – into real property. Inland Valley News tells MHProNews a key …
Brown signs Brown’s Manufactured Homes Finance bill Read More
CNN Money tells MHProNews that the U.S. economy grew at 2.5% in the 2nd quarter of 2013, helping boost the markets. Some U.S. employers are playing a ‘blame game’ regarding Obamacare (ACA), while some say almost ¾ of all job creation right now is part time caused by the 30 …
Dow rises on positive economic report, tracked housing stocks mixed Read More
Mirroring the July drop in new home activity, the National Association or Realtors (NAR) reported that pending home sales dropped by 1.3% in July. The NAR said that even with the drop, July was up 6.7% from the same month in 2012. Marketwatch tells MHProNews that “By region, pending home …
NAR – Pending Home Sales Down in July, but up over 2012 Read More
Panoramic Interests CEO Patrick Kennedy says that for San Francisco developers, this is the best and worst of times. Epoch tells MHProNews that for those building in currently under-supplied market, it’s a good time. But costs are high, which are ultimately passed onto consumers. So Panoramic used modular construction for …
The American Bankers Association (ABA) blasted the Consumer Financial Protection Bureau for a system they say lacks transparency in data collected from consumers. Law360 tells MHProNews that the CFPB also fails to sate how it plans to use the data to shape their policies. This comes on the heals of …
ABA Blasts CFPB for blanket requests for sensitive information Read More
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 …
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 …
