Mortgage Default Rates Keep Falling

Despite fears over the country’s housing market, the rate of defaults is declining; it has dropped 3.5% since its peaks in May 2009 and seems to defy all other indicators. The 2nd quarter of this year was the best quarterly performance since 2007 and if it continues to decline at the current rate, it will soon be at 2004-06 levels.

http://blogs.wsj.com/developments/2011/07/19/mortgage-default-rates-keep-falling/?mod=WSJBlog&mod=WSJ_Real%20Estate_BLOGSDEVELOPMENTSFEED

Growing Panes: Homeowners Go Big on Glass Walls

People want natural light and open space in their homes, this has led to houses being built with entirely glass walls to allow for open views and as much light as possible. With new technology allowing for self-tinting windows and blinds controlled with an iPhone app this is becoming a viable proposition.

http://online.wsj.com/article/SB10001424052702303795304576455953749984270.html?mod=WSJ_RealEstate_RIGHTTopCarousel

Battered Home Builder Sentiment Creeps Up

Confidence in the construction industry increased last month, but it is still at record lows. The NAHB/Wells Fargo index measures how many builders think market conditions are favorable. The peak score during the housing boom was above 70; however, now the scores are barely in double figures and unlikely to change quickly. The scores have been steady during the year in a tight range from 13-17.

http://www.reuters.com/article/2011/07/18/us-usa-economy-housing-nahb-idUSTRE76H30720110718

10 Ways to Lawsuit-Proof Your Estate

There are often disagreements over inheritance. Therefore, it is important to adequately prepare your will so that your estate is distributed properly and doesn’t cause arguments, legal battles and the ruin of your family. Here is a guide to make your will accurate and clear.

http://blogs.forbes.com/ashleaebeling/2011/07/13/10-ways-to-lawsuit-proof-your-estate/

Manhattan Landlords Can Choose to be Picky

With a vacancy rate of less than 1%, Manhattan landlords have high standards and their choice of tenants. For example, credit scores above 700 and gross income of at least 40 times the monthly rent are expected. Even guarantors undergo scrutiny from landlords who seek even higher salaries and higher credit scores (upwards of 80x rent). Foreigners also face the same scrutiny, especially those with no U.S. credit history.

http://www.nytimes.com/2011/07/17/realestate/prospective-renters-have-much-to-prove-to-landlords.html?_r=1&ref=realestate