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What happened when the SBA ran out of small-business real estate loan money

What happened when the SBA ran out of small-business real estate loan money

by Third Party | Oct 20, 2021 | Mortgage Information, Real Estate Agent Tools

Source: North Bay Business Journal —  For the first time in its history, the U.S. Small Business Administration ran out of money to lend for real estate and equipment acquisitions. The funds in the 504 program were exhausted as of Sept. 7 for the 2020–2021...
Real estate: Hot sellers’ market continues

Real estate: Hot sellers’ market continues

by Third Party | Oct 20, 2021 | Industry Updates, News/Current Events

Source: Ledger Transcript —  For Pamela Stohrer and her husband, John, real estate has been on their minds for years now. Their struggles to sell their house showed them the strange ways of the housing market three years ago, but this summer, they stepped into...
Zillow takes a break from flipping houses

Zillow takes a break from flipping houses

by Third Party | Oct 19, 2021 | Industry Updates, Mortgage Information, News/Current Events

Source: LA Times —  Zillow Group Inc. is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house flipping hit a snag. Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing new home...
It’s a hard-knock life for buyers in this housing market

It’s a hard-knock life for buyers in this housing market

by Third Party | Oct 19, 2021 | Industry Updates, Real Estate News

Source: Pittsburg Post-Gazette —  For Ryan and Candace Hipple, selling their South Side home in May for more than the asking price in a single day was the easy part of their plan to relocate from one neighborhood to another in the Pittsburgh region’s hot real...
Real estate secrets; Family blindsided after others profit off obituary

Real estate secrets; Family blindsided after others profit off obituary

by Third Party | Oct 19, 2021 | News/Current Events, Real Estate News

Source: CBC —  Before pancreatic cancer took his life in April, John Rothwell made his dying wishes clear: if mourners wanted to donate to a cause in his name, the money should go to an educational fund he and his family set up. Instead, family and friends...
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