Urban decay

Black Knight's First Look: Mortgage Delinquencies Decline for Fifth Consecutive Month in October; Record-Low Rates Push Prepayment Activity to 16-Year High

Retrieved on: 
Monday, November 23, 2020

1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

Key Points: 
  • 1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.
  • 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
  • For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom .
  • For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected] .

GZA Congratulates Client McGough on Winning Prestigious Minnesota Brownfields ReScape Award

Retrieved on: 
Monday, November 23, 2020

GZA GeoEnvironmental Inc. (GZA), a leading multi-disciplinary firm providing geotechnical, environmental, ecological, water, and construction management services, is honored to announce that its client, McGough Development of Roseville, Minnesota, has been awarded the prestigious Minnesota Brownfields ReScape Award for the redevelopment of an environmentally impacted, underutilized industrial site to serve as its new corporate headquarters.

Key Points: 
  • GZA GeoEnvironmental Inc. (GZA), a leading multi-disciplinary firm providing geotechnical, environmental, ecological, water, and construction management services, is honored to announce that its client, McGough Development of Roseville, Minnesota, has been awarded the prestigious Minnesota Brownfields ReScape Award for the redevelopment of an environmentally impacted, underutilized industrial site to serve as its new corporate headquarters.
  • McGough , a prominent construction and development company known for its complex historical restorations and renovations of Minnesota landmarks, won the Minnesota Brownfields ReScape Award for Economic Impact in the small-project division.
  • The award was given for its conversion of a 60-year-old former trucking terminal into a new headquarters for its 250 employees.
  • GZAs Vieau Associates subsidiary was cited for its environmental services on the McGough project by Minnesota Brownfields alongside the other engineering and architectural firms that comprised the design team.

UB Graduate Student Wins "Pitch for a Million" Real Estate Development Competition for Funding to Revitalize Baltimore's Historic Harlem Park

Retrieved on: 
Monday, November 16, 2020

Matthew H. King, a resident of Harlem Park, current University of Baltimore graduate student and founder and executive director of the Harlem Park Community Development Corporation, won the opportunity to receive funding via a real estate development loan and grants up to $1,000,000.00 to revitalize properties in the West Baltimore neighborhood.

Key Points: 
  • Matthew H. King, a resident of Harlem Park, current University of Baltimore graduate student and founder and executive director of the Harlem Park Community Development Corporation, won the opportunity to receive funding via a real estate development loan and grants up to $1,000,000.00 to revitalize properties in the West Baltimore neighborhood.
  • As a UB Real Estate Fellow, King developed a redevelopment proposal to bring new residential and commercial construction to Harlem Park.
  • The project will reclaim empty or vacant lots in Harlem Park to convert them into commercial, single-family, or multi-family properties.
  • As a Harlem Park resident with a background in real estate and financial services, King founded the Harlem Park CDC to address the systemic racism that has led to historic disinvestment in the community.

First Ever Virtual NHP Foundation Symposium Delivers Important Affordable Housing Content to Hundreds of Attendees

Retrieved on: 
Thursday, October 29, 2020

The digital Symposium also debuted results from a survey conducted jointly by NHPF and Enterprise Community Partners focusing on students and educators dealing with housing challenges both before and during the pandemic.

Key Points: 
  • The digital Symposium also debuted results from a survey conducted jointly by NHPF and Enterprise Community Partners focusing on students and educators dealing with housing challenges both before and during the pandemic.
  • This work will result in a white paper which will be published in early 2021.
  • The event also included the premiere of NHPF's first documentary, a short film by De'Von Brown of Brown MultiMedia, entitled "Unconventional Affordable Housing: Yes!
  • In my Backyard" exploring Baltimore's affordable housing trajectory from redlining to new single family housing in areas of opportunity.

Vacant Zombie Properties Diminish Across U.S. As Foreclosure Moratorium Remains In Effect In Fourth Quarter Of 2020

Retrieved on: 
Thursday, October 29, 2020

The portion of pre-foreclosure properties that have been abandoned into zombie status has ticked up slightly, from 3.7 percent in the third quarter of 2020 to 3.8 percent this quarter.

Key Points: 
  • The portion of pre-foreclosure properties that have been abandoned into zombie status has ticked up slightly, from 3.7 percent in the third quarter of 2020 to 3.8 percent this quarter.
  • Among the nation's stock of 99.5 million residential properties, zombie properties continue to represent just a tiny fraction only one of every 13,100 homes.
  • A total of 7,612 residential properties facing possible foreclosure have been vacated by their owners nationwide in the fourth quarter of 2020.
  • Zombie-foreclosure rates rose from the third quarter to the fourth quarter of 2020 in 37 states and the District of Columbia.

Black Knight's First Look: Serious Delinquencies Improved in September for the First Time Since the Start of the Pandemic

Retrieved on: 
Thursday, October 22, 2020

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Key Points: 
  • *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
  • Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.
  • All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
  • For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected] .

Redfin Survey: Most Suburban Residents Wouldn't Mind a Low-Income Housing Development in Their Neighborhood

Retrieved on: 
Thursday, October 22, 2020

In addition to reinstating the rule, Biden's $640 billion housing plan would combat discriminatory housing practices and support building more low-income housing and single-family homes in urban, suburban and rural areas.

Key Points: 
  • In addition to reinstating the rule, Biden's $640 billion housing plan would combat discriminatory housing practices and support building more low-income housing and single-family homes in urban, suburban and rural areas.
  • Redfin broke out the survey results by respondents' neighborhood type to see if rural and suburban dwellers are more likely than city residents to oppose low-income housing in their neighborhoods.
  • Rural and suburban residents are also more likely than city residents to oppose nearly every other building type in their neighborhood.
  • When broken down by race, white respondents are most likely to oppose low-income housing in their neighborhood and Black respondents are least likely.

Increased Focus on Healthy Offerings Helps Reshape the Fast Food Industry

Retrieved on: 
Tuesday, October 20, 2020

Additionally, an increase in health awareness among consumers and an increase in demand for healthy foods have helped transform and drive growth simultaneously.

Key Points: 
  • Additionally, an increase in health awareness among consumers and an increase in demand for healthy foods have helped transform and drive growth simultaneously.
  • The availability of healthy fast food has changed the trajectory of the market, making it attractive to middle-class customers, and altered eating habits both in emerging and leading economies.
  • MYT is currently planning to open a third store combining the offerings of both popular street food and tea-based beverages in NYC.
  • It is currently in the planning phase and working on product development and selecting an address for the new store.

Increased Focus on Healthy Offerings Helps Reshape the Fast Food Industry

Retrieved on: 
Tuesday, October 20, 2020

Additionally, an increase in health awareness among consumers and an increase in demand for healthy foods have helped transform and drive growth simultaneously.

Key Points: 
  • Additionally, an increase in health awareness among consumers and an increase in demand for healthy foods have helped transform and drive growth simultaneously.
  • The availability of healthy fast food has changed the trajectory of the market, making it attractive to middle-class customers, and altered eating habits both in emerging and leading economies.
  • MYT is currently planning to open a third store combining the offerings of both popular street food and tea-based beverages in NYC.
  • It is currently in the planning phase and working on product development and selecting an address for the new store.

Blue Jay Home Buyers in Hartford Making the Home Selling Process Stress-Free for Homeowners

Retrieved on: 
Saturday, October 17, 2020

No matter the problem a homeowner has faced, Blue Jay Home Buyers have been able to help.

Key Points: 
  • No matter the problem a homeowner has faced, Blue Jay Home Buyers have been able to help.
  • Whether it be foreclosure, bad tenants, inherited property problems, or simply wanting to downsize without any hassle, Blue Jay Home Buyers wants to help homeowners sell a house fast .
  • Blue Jay Home Buyers has an easy, three-step process that makes the home selling simple.
  • Blue Jay Home Buyers is a reliable home buying company in Hartford that can help homeowners sell their house fast.