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Busy Week in Real Estate News

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Ah, finally!

The past week or so has been full of news which honestly has been hard to come by lately.

Venture Capital money dried up in Q4 of 2008, so startup news has been slow coming but between some new startup news and some fast paced tax changes, I’m starting to feel like stuff is moving again with real estate technology’s future!

If you have a news item to share or point out, click “submit tip” up top to send it our way.

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Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

11 Comments

11 Comments

  1. Austin Smith - Goomzee.com

    June 9, 2009 at 5:21 pm

    Lani! Thank you!

    Keeping up on the latest and greatest in RE is quite a task, but it is made easier when kind souls such as yourself take the time to aggregate some pertinent articles/pages. Thanks again, you capped off my already so-far-so-good day. Have a great Tuesday night…we’re back at it bright and early tomorrow for another exciting day in RE!!

    @smith_goomzee

  2. Joe Loomer

    June 9, 2009 at 5:46 pm

    Lani,

    Just noted that your link to Matt’s Real Estate Corner, but I’m not sure I’m getting this straight. I thought you COULD use the tax credit towards your 3.5% downpayment? I quote Donovan’s press release from Matt’s own link:

    “Today’s announcement details FHA’s rules allowing state Housing Finance Agencies and certain non-profits to “monetize” up to the full amount of the tax credit (depending on the amount of the mortgage) so that borrowers can immediately apply the funds toward their down payments”

    Am I just reading it wrong? I read briefly through HUD Mortgagee 2009-15 and thought it said the same thing.

    Navy Chief, Navy Pride

  3. Lani Rosales

    June 9, 2009 at 7:45 pm

    Austin- no problem!

    Joe- I have no idea, you’ll have to ask Matt in comments on his blog. 🙂

  4. Matt Wilkins

    June 9, 2009 at 7:59 pm

    Joe:

    If you click on the link in that blog post you will see that the infomration in my blog post pertain to the HUD article as published on the day I created that content.

    I posted a follow-up article on my blog yesterday outlining a program in my state (through the Virginia Housing Develpment Authority) that uses what you described to allow homeowners to obtain a second trust with 12 months deferred interest that allows buyers who meet VHDA guidelines to reduced if not eliminate out of pocket cost to purchase their first home.

  5. Joe Loomer

    June 10, 2009 at 5:36 am

    Matt,

    Thanks for the speedy response, it is my understanding that – as in Virginia – this will be through FHA approved entities and non-profits only. The Mortgagee letter – on second, third, fourth, and fifth readings, seems to be somewhat confusing.

    I’ve punted to my favorite lender to “get hot so I can too.”

    Navy Chief, Navy Pride

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