Luxury Is Shifting Away From a Place of Excess, Says REIT COO
Source: Mansion Global --- Anna Malhari is the chief operating officer of Veris Residential, a real estate investment trust, or REIT, with an environmentally conscious focus. Veris is the recent rebrand of the Mack-Cali Realty Corp., as the brand pivots to multifamily...
The Most Expensive U.S. Real Estate Sales For 2021
Source: Forbes --- A drop in luxury housing inventory and increased buyer demand drove the high-end real estate market to record prices in 2021, with several sales in the United States eclipsing the $100-million mark. As the pandemic continued, the ultra-wealthy...
How much do you have to earn to afford Salt Lake County’s median-priced home?
Source: KSL.com --- SALT LAKE CITY — In a matter of six years, the annual income needed in order to afford a median-priced home in Salt Lake County has nearly doubled. Let that sink in. In 2015, a median-priced home in Salt Lake County cost about $248,400. The annual...
40% Of Americans Are Considering A Move In 2022
Source: National Mortgage Professional --- Plenty of Americans are expected to move in 2022, seeking more space to accommodate their new remote working lifestyle. Nearly half of these on-the-go consumers hope to realize their homeownership dreams, according to the...
News/Current Events
Higher rates coming for high-balance and second home loans
Source: The Mortgage Reports --- The Federal Housing Finance Agency announced it will increase fees on certain home loans starting Apr. 1, 2022. These new upfront fees will affect high–balance and second home mortgages sold to Fannie Mae and Freddie Mac. And, as is...
Real estate writing: An agent’s guide to grammar
Source: Inman --- Clear and correct communication in all of your real estate transactions helps you to look more professional and competent to clients, colleagues and the general public — in other words, potential clients. Here’s how to make sure you’re always putting...
FHFA Announces Targeted Increases for High Balance Loans and Second Home Loans
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced targeted increases to Fannie Mae and Freddie Mac's (the Enterprises) upfront fees for certain high balance loans and second home loans. High balance loans are mortgages originated in certain...
These are the 6 hottest crypto tokens you can use to buy real estate in the metaverse
Source: Markets Insider --- Virtual real estate, or land in the metaverse, sold in the form of non-fungible tokens is growing in popularity. You can't physically visit these properties, but the allure of this investment lies in these assets being backed by...
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Industry Updates
Luxury Is Shifting Away From a Place of Excess, Says REIT COO
Source: Mansion Global --- Anna Malhari is the chief operating officer of Veris Residential, a real estate investment trust, or REIT, with an environmentally conscious focus. Veris is the recent rebrand of the Mack-Cali Realty Corp., as the brand pivots to multifamily...
The Most Expensive U.S. Real Estate Sales For 2021
Source: Forbes --- A drop in luxury housing inventory and increased buyer demand drove the high-end real estate market to record prices in 2021, with several sales in the United States eclipsing the $100-million mark. As the pandemic continued, the ultra-wealthy...
How much do you have to earn to afford Salt Lake County’s median-priced home?
Source: KSL.com --- SALT LAKE CITY — In a matter of six years, the annual income needed in order to afford a median-priced home in Salt Lake County has nearly doubled. Let that sink in. In 2015, a median-priced home in Salt Lake County cost about $248,400. The annual...
40% Of Americans Are Considering A Move In 2022
Source: National Mortgage Professional --- Plenty of Americans are expected to move in 2022, seeking more space to accommodate their new remote working lifestyle. Nearly half of these on-the-go consumers hope to realize their homeownership dreams, according to the...
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Mortgage Information
How much do you have to earn to afford Salt Lake County’s median-priced home?January 17, 2022
Mortgage Rates Are Surging, Hitting Highest Point Since March 2020. Will Home Prices Have To Fall?January 17, 2022
ATTOM: Foreclosure Activity Hit All-Time Low In 2021January 16, 2022
Rising mortgage rates could slow house price surgeJanuary 16, 2022
