Archive for June, 2007

‘Open House Bandits’ may have struck again in Utah

A duo that has targeted real estate agents and open houses in a theft spree in the San Francisco Bay Area may have been spotted in the Park City, Utah, area, according to law enforcement reports.

Unique way to grant land ownership to New York real estate in bite-sized pieces

A New York City company has found a very unique way to grant land ownership to New York real estate in bite-sized pieces. They’re selling one square inch parcels of land in the Empire State.

Commissioners approve $8.2 million TIF for high-rise

The Devon Group received an $8.2 million tax break over 20 years from Knox County Commission to develop a high-rise project in downtown Knoxville.

It seems like every year we’re paying higher and higher property taxes

Great Falls government can’t beat the higher costs of energy and fuel, employee wages, insurance costs and equipment. So it’s planning to increase property taxes for Great Falls residents 4.63 percent beginning this fall.

$252 million approved for affordable housing in New York State

A total of $252.7 million in affordable housing financing, grants and mortgage insurance commitments was approved on 15 June by the boards of the New York State Housing Finance Agency, the State of New York Mortgage Agency, and the Affordable Housing Corporation.

Public, Private, Who Decides?

The city’s attempt to increase its East Side park space has hit a boulder. A boulder in the shape of a swank Sutton Place co-op with rich and powerful residents who don’t want their green backyard to become public park area!

They were so drunk on money and power that they didn’t know their incompetence

As suspected here last week, long-term interest rates have stabilized: the all-powerful 10-year T-note is in a broad range below 5.2 percent, and mortgages are at 6.75 percent to 6.88 percent.

Tax breaks for a $15 million renovation of the historic building

A 100 percent property tax abatement on increases to the assessment on the Remington Rand building in North Tonawanda received preliminary approval Thursday.

Insurer Battens Down Real Estate Hatches

MetLife Inc. recently gave stable value fund investors a peek at its strategy for coping with a possible downturn in the U.S. housing market.

The price of the lobster salad is the best barometer of real estate trade in Hamptons

If you really want to know how the housing market in the Hamptons is faring as summer beckons, Steven Gaines suggests an unusual yardstick.