Top Stories
When Round Rock resident Letretia McGraw first moved into her public subsidized housing unit off Lance Lane in Round Rock in 2012, she was not happy about the change. To the 40-year-old single mother, public housing was where people went to put their lives on hold.
Visit http://communityimpact.com/growth-constricts-housing-options-2/ to view the full article online.
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Advocacy
In an explosive shakeup in the world of real estate crowdfunding, LA-based Realty Mogul has raised the largest amount of institutional capital in the crowdfunding sector's short history: $250M. It plans to use the cash for bridge and permanent lending. Realty Mogul CEO Jilliene Helman tells Bisnow that when crowdfunding real estate ventures began gaining some traction about two years ago, it was only seriously considered for smaller deals. But with its new round of funding, Realty Mogul can take its business to another level, as crowdfunding continues to disrupt the conventional lending space.
Visit https://www.bisnow.com/los-angeles/news/capital-markets/how-realty-mogul-online-capital-markets-continue-to-disrupt-the-finance-game-47654 to view the full article online.
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Some credit them with saving the housing market. Others blame them for taking advantage of a crisis and bullying real homebuyers out of the American Dream. Whatever their role, large institutional investors put a floor on home prices during the housing crash by buying up thousands of distressed, single-family homes. Now they are slowing their purchases, but not exactly getting out of the trade. They are holding on to what is becoming an increasingly lucrative asset: The single-family rental home.
Visit http://www.cnbc.com/id/102811764 to view the full article online.
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Local News
A new residential community coming to Round Rock is the next step in the development of the city’s northeast corridor and reflects some of the regional real estate trends in high-end and senior housing. Traditions at Vizcaya, an upscale housing development, and Heritage at Vizcaya, an adjacent retirement community, will include about 1,200 units at build-out, Round Rock Planning Director Brad Wiseman said.
Visit http://communityimpact.com/new-upscale-housing-development-coming-to-northeast-round-rock/ to view the full article online.
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National News
Chinese investors continue to pour money into U.S. real estate, with California still a top destination. Hotels, condos and online real estate ventures also are booming. And luxury amenities appear to know no bounds. Soon, some Miami high-rise condo owners will be able to take their cars up to their homes with them.
Visit http://www.ocregister.com/articles/percent-670160-year-condo.html to view the full article online.
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Greece held their referendum over the weekend on whether to accept the most recent batch of reform proposals form Eurozone creditors, despite those proposals no longer being on the table even before the referendum began. Greek leaders figure they're in an even stronger bargaining position now that the world has seen that 60+ percent of the population voted against--well, it's not really clear what the vote was about.
Visit http://www.mortgagenewsdaily.com/mortgage_rates/blog/484972.aspx to view the full article online.
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Millions of homeowners who had difficulties paying their mortgages after the housing bubble burst are nearing a point at which they could once again qualify for a home loan, according to new analysis from TransUnion. In 2015, 700,000 U.S. consumers will be capable of re-entering the housing market, and within the next five years, that population (called "Boomerang Buyers") is expected to grow to 2.2 million.
Visit http://www.realtor.com/news/real-estate-news/boomerang-home-buyers/ to view the full article online.
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