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Federal government is not powerless to stop Chinese real estate deals near sensitive US military bases

Federal government is not powerless to stop Chinese real estate deals near sensitive US military bases

by Third Party | Mar 4, 2023 | Industry Updates, International Real Estate News

Source: The Hill —  Is the U.S. government unprepared to respond to a Chinese company purchasing land near a vital military base? The Air Force recently wrote Congress to explain that the interagency Committee on Foreign Investment in the United States (CFIUS)...
More US Homebuyers Are Paying in Cash, Sweeping a Majority of Sales in Some Markets

More US Homebuyers Are Paying in Cash, Sweeping a Majority of Sales in Some Markets

by Third Party | Mar 4, 2023 | Industry Updates, Real Estate News

Source: Yahoo! Finance —  The share of all-cash deals rose to the highest since 2013 last year, while institutional investors, who usually account for many cash sales, retreated, according to data from real estate data analytics firm Attom. That suggests more...
Last-minute bill to let real estate developers levy taxes like a city shows the developer domination of the Utah Legislature, Robert Gehrke writes

Last-minute bill to let real estate developers levy taxes like a city shows the developer domination of the Utah Legislature, Robert Gehrke writes

by Third Party | Mar 3, 2023 | Industry Updates, Real Estate News

Source: The Salt Lake Tribune —  It’s no secret that real estate developers dominate the Utah Legislature. The House speaker, Senate president, House majority leader and nearly one out of every five lawmakers in the body are, in one way or another, involved in...
Are All-Cash Buyers Dominating NYC Real Estate Market?

Are All-Cash Buyers Dominating NYC Real Estate Market?

by Rick Grant | Mar 3, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New real estate data and reporting recently revealed that nearly a third of U.S. homebuyers are sidestepping a mortgage and purchasing property via cash-only transactions, according to Redfin. This is a trend that is suddenly dominating big cities like Atlanta, Ga.,...
Flagstar Bank Donates $1 Million to Expand Appraiser Diversity

Flagstar Bank Donates $1 Million to Expand Appraiser Diversity

by Rick Grant | Mar 3, 2023 | Industry Updates, Mortgage Information, News/Current Events, WRE News Exclusive

New York Community Bancorp, Inc. announced that its subsidiary, Flagstar Bank, N.A., has donated $1 million to the Appraiser Diversity Initiative (ADI), a collaboration between the Appraisal Institute, the National Urban League, Fannie Mae, and Freddie Mac. The...
Black real estate developers get rare access to big capital through Philadelphia program

Black real estate developers get rare access to big capital through Philadelphia program

by Third Party | Mar 3, 2023 | Industry Updates, Real Estate News

Source: CNBC —  Black Americans represent less than 5% of residential real estate developers, largely because they can’t get equal access to capital, according to a recent report by the Urban Land Institute. Institutional capital – real estate investment trusts...
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