The Gazette tells MHProNews five of six scheduled modular homes have been sited on nearly a half-acre on the east side of downtown Colorado Springs, Colo. by Martin Newton of Pax Development. He originally proposed a ten unit, 42 foot tall condo for the property, and although city planning approved …
MarketWatch reports Equity LifeStyle Properties, Inc. (ELS) acquired two land lease communities in Texas comprised of 1,765 sites on 175 acres for $25 million cash. Located in the Rio Grande Valley, age-restricted Victoria Palms Resort, with 270 manufactured homesites and 893 RV sites, and Alamo Palms, also age-restricted with 293 …
Stocks fell for the fifth day in a row as our leaders in Washington bluster about, with no apparent resolution in sight to the looming fiscal cliff. CNNMoney reports the Dow Jones Industrial Average slipped -1.21 percent, -158.20 points, falling below the 13,000 mark to 12,938.11. The Nasdaq moved down …
Major Indexes Fall; Housing Composite Advances for 3rd Consecutive Day Read More
According to Financial Advisor Magazine, 40 percent of the manufactured homes in the 100 cooperatively owned manufactured housing communities in New Hampshire are appreciating in value. Since 1984 the New Hampshire Community Loan Fund (NHCLF) has helped organize these 100 communities and began financing MH purchases in 2003, loaning $25 …
Santa Cruz Sentinel says the median home price in Santa Cruz, Calif. as of Nov. was $510,000 for a two bedroom on the west side of this Pacific Ocean border town. The same 510k would get you a three or four bedroom home in other parts of the city. Listings …
According to Freddie Mac’s Primary Mortgage Market Survey, HousingWire reports interest rates will finish out the year at near record lows. For the week ending Dec. 27, the average 30-year fixed-rate mortgage (FRM) hit 3.35 percent, down from 3.37 percent the previous week, and well below 3.95 percent from a …
IstockAnalyst reports MHC owner UMH Properties, Inc. has agreed to purchase ten all-age manufactured home communities comprised of 1,855 homesites on 300 acres for $67.5 million. Five of the communities are in Ind., four in Penn. and one in Mich. with an average occupancy of 83 percent. While the transaction …
CNNMoney reports the Census Bureau says new home sales hit a seasonally-adjusted annual rate (SAAR) of 377,000 in Nov., an increase over Oct. of 4.4 percent and a rise of 15 percent over Nov. 2011. The highest rate of new home sales since April 2010 when the $8,000 tax credit …
With less than a week to resolve the fiscal cliff crisis, CNNMoney reports U.S. stocks fell precipitously until about 2:30 PM when it was announced lawmakers will meet Sunday to try and resolve the impending crisis, and investors returned to the table, erasing much of the earlier loss. The Dow …
Mfg. Housing Composite Gains for 2nd Consecutive Day Read More
HousingWire reports four of the five hardest-hit housing market states are witnessing positive home price increases year-over-year. Of the 19 states that received $7.6 billion in aid from the federal government, California, Florida, Arizona, and Georgia had increases in Oct. over Oct. 2011, while Illinois experienced a 1.3 percent decline …
Investors expressed their continuing concern over the fiscal cliff jousting in Washington as all three indexes nudged down. CNNMoney reports the Dow Jones Industrial Average slipped -0.19 percent, -24.49 points, ending the day at 13,114.59. The Nasdaq moved down -0.74 percent, -22.24 points, to close at 2,990.16, while the S&P …
Nationalmortgagenews tells MHProNews the Case-Shiller 20-city HPI (house price index) reveals prices nudged down 0.1 percent in Oct. over the previous month, but prices rose 4.3 percent over last year. Meanwhile, Jacksonville, Fla.-based Lender Processing Services, in its monthly sales analysis of 15,500 zip codes says home prices rose 0.3 …
TheFranklinNewsPost reports from Franklin County in southwestern Virginia Guy and Betty Beatty are donating $1 million to erect a new modular facility to house the Free Clinic of Franklin County, giving it a permanent home. Established in 1992, the clinic offers free and reduced cost medical services to people who …
The stocks of publicly traded builders have rebounded in the wake of the ongoing housing market recovery. CNNMoney tells MHProNews Toll Brothers and DRHorton have both notched about a 60 percent growth in their respective stocks, while Hovnanian Enterprises and Pulte Group have recorded triple digit gains for the year. …
Zacks informs MHProNews homebuilder KB Home intends to build some 700 one and two-story single family homes in two developments in San Antonio, with construction expected to start in mid 2013. With prices starting at $140,000 in one of the developments and $150,000 in the other, KB only begins construction …
JagsReport says Sun Communities, Inc. has declared a quarterly dividend of $0.63 a share for stockholders of record Dec. 31, 2012, payable January 18th, 2013. As MHProNews reported here Oct. 1, 2012, this is the same dividend amount as for Q3 2012, and represents an annualized dividend of $2.52, and …
The New York Stock Exchange will be closed today in celebration of the Christmas Holiday. The market will re-open tomorrow at 9 AM. (Photo credit: Wikipedia)
While Republicans and Democrats continue squabbling over the impending fiscal cliff, the Mortgage Forgiveness Debt Relief Act of 2007 is due to expire at the end of the year, which would cause homeowners to begin paying taxes on the part of their mortgage that is forgiven in a short sale, …
Letting the Act Expire Could Cost Underwater Borrowers Read More
U.S. stocks dropped in a short trading session before the Christmas holiday today as fears persist the president and Congress will not resolve the fiscal cliff crisis before the year’s end. CNNMoney reports the Dow Jones Industrial Average fell -0.39 percent, -51.76 points, ending the day at 13,139.08. The Nasdaq …
Updating a story we ran Dec. 12, 2012 concerning Sun Communities, Inc.’s acquisition of 11 Morgan RV Resorts for $135 million, one of the properties is Peters Pond RV Resort in Sandwich, Mass. which has had some recent troubled times. Cape Cod Times tells MHProNews Morgan’s principal, Robert Moser, and …
