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REAL ESTATE CEO: RECESSION COULD BE “GOOD” IF “UNEMPLOYMENT … PUTS EMPLOYERS BACK IN THE DRIVER SEAT”

REAL ESTATE CEO: RECESSION COULD BE “GOOD” IF “UNEMPLOYMENT … PUTS EMPLOYERS BACK IN THE DRIVER SEAT”

by Third Party | Aug 25, 2022 | Current News & Events, Real Estate News, U.S. Housing Market

Source: The Intercept —  THE CEO AND president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real...
China’s Overextended Real Estate Sector Is a Systemic Problem

China’s Overextended Real Estate Sector Is a Systemic Problem

by Third Party | Aug 25, 2022 | Current News & Events, Real Estate News

Source: Carnegie Endowment—  After discussing the troubled rural banks in Henan in my previous post, it is important to note that what happened in Henan was not the first adverse credit event to hit the Chinese financial system. It was just the most recent in...
How to cut the biggest bill of them all . . . your mortgage

How to cut the biggest bill of them all . . . your mortgage

by Third Party | Aug 24, 2022 | Mortgage Information, Real Estate Agent Tools, Real Estate News

Source: The Guardian —  Spiralling energy, food and petrol prices, amid warnings of a recession, mean most households will be thinking about how to keep other costs as low as possible. So what should homeowners do about their biggest monthly outgoing – the...
Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011

Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011

by Third Party | Aug 24, 2022 | Current News & Events, Real Estate News, U.S. Housing Market

Source: CNBC —  Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it is the largest single-month decline in prices...
Housing Market Sees Troubling Sign as Mortgage Lenders Fail

Housing Market Sees Troubling Sign as Mortgage Lenders Fail

by Third Party | Aug 24, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: Housing Wire —  Some independent mortgage lenders feeling the brunt of increased lending rates are declaring bankruptcy and have already laid off hundreds of employees in certain instances, in what is being described as the worst shape the housing...
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