Real Estate News – April 9, 2011

A Tierrasanta, California homeowners association is cracking down on a 70-year-old woman whose garage has become a neighborhood gathering place of sorts, with folding chairs, a television and ample Chargers paraphernalia (via

In another sign of the sector’s strength, the multifamily segment experienced a 4.65 percent increase in effective rents for the year ending in February 2011, according to Axiometrics, a commercial real estate data provider. This report comes amid other optimistic multifamily forecasts that attribute the sector’s growth to pent-up demand and positive hiring trends (via

Chinese Investment Popping Up in Secondary US Markets (via

Eric T. Schneiderman, the New York attorney general, has issued subpoenas to the state’s largest foreclosure law firm and a related company, indicating that his office has some doubts about the effort by state attorneys general to resolve questionable foreclosure practices among the nation’s top banks (via

A real estate agent was shot to death Friday in a new townhome complex in West Des Moines (via

Reverse Mortgage Rules Changed (via