RealtyTrac: US home repos fell in March

Record profit signals healthier Fannie Mae

By The Associated Press
POSTED: May 9, 2013
Tags: Fannie Mae, Record profit

WASHINGTON — Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter. And it made clear it’s on the cusp of repaying taxpayers for the most expensive bailout of a single company in the financial crisis. For Fannie, the future [...]

RealtyTrac: US home repossessions fell in April

By The Associated Press
POSTED: May 9, 2013
Tags: home repossessions, numbers fall, RealtyTrac

LOS ANGELES — Fewer U.S. homes entered the foreclosure process or were repossessed by lenders last month, the latest indication that the nation’s foreclosure woes are waning. Nationally, home repossessions fell 20 percent in April from the previous month and were down 32 percent from a year earlier, foreclosure listing firm RealtyTrac Inc. said Thursday. [...]

Agent could be featured on ‘House Hunters’

By Mike Murphy
POSTED: May 9, 2013
Tags: HGTV show, House Hunters, Keller Williams Realty, Susan Glenz

Movie crew members filming “The Amazing Spider-Man 2” in Rochester may be leaving town by the end of the week, but the area may not be out of the camera lens for long. “House Hunters” soon may be paying a house call. The popular HGTV show may feature Susan Glenz, a real estate agent with [...]

Ground broken on College Town development

By Mike Murphy
POSTED: May 2, 2013
Tags: College Town development, Ground broken

In the several years since the Wegmans grocery store closed on Mt. Hope Avenue, the neighborhood transformed into a sleepy community and became perhaps a bit rundown, according to Dick Rowe, owner of Rowe Photo, Audio and Video. But the neighborhood near the University of Rochester and Strong Memorial Hospital is going to be changing [...]

Eastman Commons holds celebration

By Daily Record Staff
POSTED: May 1, 2013
Tags: affordable housing, Eastman Commons

The official opening of Eastman Commons, a new affordable, supportive housing development in Rochester’s historic Maplewood neighborhood, was celebrated Wednesday by Common Ground, New York State Homes & Community Renewal, Rochester Mayor Thomas S. Richards and other public and private partners. City Council President Lovely Warren, Norstar Development USA President Richard Higgins, Goldman Sachs Urban [...]

No decision on Pittsford housing plan

By Mike Murphy
POSTED: April 23, 2013
Tags: developer, neighborhood, new homes, Pittsford housing plan

A decision on a controversial housing plan proposed for a Pittsford neighborhood rich in history appears a ways off. But some Pittsford town staff and representatives from the developer of a proposed subdivision will meet in an attempt to iron out details of the plan and give a sense of the direction the plan is [...]

Housing plan back before board in Perinton

By Mike Murphy
POSTED: April 22, 2013
Tags: developer, Perinton, proposed housing project

A proposed housing project in Perinton that drew the ire of neighbors is back before the town, although the updated version reflects some of their concerns. A presentation from the developer, Victor-based Pride Mark Homes, is scheduled for 8 p.m. Wednesday before the Town Board. The builder is seeking to rezone nearly 40 acres of [...]

Property owners meet

By Daily Record Staff
POSTED: April 17, 2013
Tags: New York State Coalition of Property Owners and Businesses Inc., Rochester City Council

Rochester City Council members Dana Miller and Jackie Ortiz will speak Wednesday, April 24, at the general meeting of the New York State Coalition of Property Owners and Businesses Inc. The event begins at 6:30 p.m. in the Eagles Club, 1200 Buffalo Road. Also speaking will be Anne Peterson, a Democrat & Chronicle columnist; Rochester [...]

Proposed College Town grocery up for tax breaks

By Mike Murphy
POSTED: April 15, 2013
Tags: College Town, grocery, tax breaks

The College Town development at the University of Rochester could see a grocery store in its future. Meliora Provision Co. Inc. is proposing a $2.7 million, 20,000-square-foot, full-service grocery store as part of the massive project at the university. The County of Monroe Industrial Development Agency today is weighing $180,000 in sales and mortgage tax [...]

Q1 home sales down, but prices are up

By Mike Murphy
POSTED: April 15, 2013
Tags: economic slowdown, home sales down, prices up

It could be that last year at this time, home sales for the first three quarters of the year had increased to traditional levels experienced before the economic slowdown. It could be the dismal weather the region is experiencing, particularly compared to the unusually warm winter and spring of a year ago. Or, it could [...]

Survey shows optimism in real estate market

By Dolan Media Newswires
POSTED: April 15, 2013
Tags: optimism, real estate forecast

A new national real estate forecast indicates renewed optimism for growth in commercial real estate and even stronger expectations for housing than those made just six months ago. According to the latest semi-annual Urban Land Institute/Ernst & Young forecast released this week, transaction volume in 2013 is expected to rise to $310 billion from $290 [...]