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real estate law Archives

Hurdles of Housing Inventory

On behalf of Fabrizio & Brook, P.C. posted in DS news on Wednesday, August 2, 2017.

It’s a shortage of skilled labor and higher development costs that are keeping construction starts low and housing inventory strapped, according to new data from Freddie Mac. According to the GSE, the number of open construction jobs has increased steadily since the housing crisis nearly a decade ago.

According to Freddie, the housing market has largely recovered since the Great Recession—with one holdout: inventory.

“A decade after the Great Recession, the housing market is rebounding,” Freddie Mac reported. “House prices today are higher than they were at the peak in the summer of 2006, near-record-low mortgage rates have boosted housing demand, and sales volume is robust. The spoiler is the lean inventory of houses for sale.”

Currently, the nation has just a five-month supply of homes and, according to Freddie, “residential construction is not doing much to fill the gap.”

Continue reading   http://www.dsnews.com/daily-dose/08-01-2017/hurdles-housing-inventory

How we help with the complexities of real estate law

Whenever you're buying and selling real estate, you're investing a terrific amount of capital in a tangible and valuable asset. This means that any mistakes made during the process can be highly detrimental, both in the short-term and the long-term. This is especially true for business owners, who need to keep a very close eye on assets, debts and the distribution of the cash the company has on hand. Below are a few areas in which we can help with these complex cases.

Quiet title claims and property ownership in Michigan

Despite what many people think, claims on real estate properties are not always clear. There may be several people who have interest in owning a piece of land outright and there are cases where people seek to have partial ownership of that land. For those seeking to clarify their ownership of a real estate, a quiet title action may be the wisest decision.

Property line disputes between neighbors

There's a difference between having a neighbor you don't really get along with and having a neighbor who may be actively breaking the law. Landowners do have a lot of rights on their own property, but that doesn't mean they can do anything they want, especially if it impacts your life dramatically.

What do I need to know about real estate disclosures?

Whether you are buying or selling a home, you should know certain things about real estate disclosures. They can come in different forms, but they are basically an opportunity for the buyer to learn as much as possible about the seller's experience in the property.

Why are zoning regulations used?

When deciding how to use a piece of property, you must consider how it has been zoned by the city. There are a few different types of zones, but the most common are residential zones and commercial zones. In some cases, you can find buildings that have been zoned for mixed use.

Title disputes can lead to serious legal problems

Title disputes aren't exactly uncommon in the world of real estate law. From business managers to home buyers, people and companies can run into serious problems because of their title -- or someone else's title. Today, we're going to talk about a couple of potential legal problems that can arise as a result of a title dispute.