Thursday, March 22, 2012

Housing News Digest, March 22

Increased Enrollment Expected to Squeeze Already Tight CSU Housing
Enrollment at Colorado State University in Fort Collins is expected to grow over the next decade but student housing is already in short supply.

KUNC’s Brian Larson spoke to Northern Colorado Business Report Publisher Jeff Nuttall about what might be in the works to alleviate the situation.

Larson: To put things into perspective – as of last fall – student enrollment at CSU was 27,500. Officials expect that number to be as high as 35,000 over the next decade and Jeff, that number could even be higher.

Economic Uplift May Be Drag on Housing
A firmer economy doesn't immediately translate into a more robust housing market. It could actually prove an impediment.

That is the conundrum potentially facing the Federal Reserve should Treasury yields take another leg up. Already the more than 0.3-percentage-point jump in 10-year yields over two weeks, in response to stronger economic sentiment, has mortgage rates creeping higher. And with housing markets still fragile, that could damp activity.

Court upholds ban on Texas immigrant housing law
A federal appeals court Wednesday upheld a lower court ruling that stopped a Dallas suburb's ban on illegal immigrants seeking housing.

The 5th U.S. Circuit Court of Appeals ruled that Farmers Branch overstepped its authority in 2008 when it passed a law calling on the city's building inspector to check the immigration status of anyone wanting to rent an apartment who wasn't a U.S. citizen.

Commercial Real Estate Over-Leveraged, Neidich Says
Daniel Neidich, chief executive officer of Dune Real Estate Partners, talks about the U.S. housing and commercial real estate markets. Neidich speaks with Betty Liu and Dominic Chu on Bloomberg Television's "In the Loop." (Source: Bloomberg) (Bloomberg)

Rate of Properties Entering Shadows = Rate of Properties Finding Light

The current rate at which mortgage borrowers are falling into serious delinquency closely matches the rate of distressed sales – short sales and REO sales- according to CoreLogic’s latest report released Wednesday.