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FTX spent $256 million on Bahamas real estate — now the island’s government wants it back

FTX spent $256 million on Bahamas real estate — now the island’s government wants it back

by Third Party | Dec 13, 2022 | Industry Updates, Real Estate News

Source: CNBC —  Bahamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million to buy and maintain 35 different properties across New Providence, Bahamas. Now, Bahamas regulators are trying to claw back the property from FTX’s U.S....
Housing Market Downturn – Is A Recession On The Horizon?

Housing Market Downturn – Is A Recession On The Horizon?

by Third Party | Dec 12, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Forbes —  The second half of 2022 has seen declining house prices. However, prices remain up year-on-year based on steady price gains in the first half of the year. The decline in pricing is, in part, driven by higher mortgage rates hitting affordability...
Fitch Ratings reveals how much US house prices will drop in 2023

Fitch Ratings reveals how much US house prices will drop in 2023

by Third Party | Dec 10, 2022 | Industry Updates, Mortgage Information

Source: MPA Mag —  US home prices are set to fall by 5% next year in line with substantial price falls in housing markets across the globe, according to a new report by Fitch Ratings. The ‘Global Housing and Mortgage Outlook – 2023’, which analyzed housing...
What’s happening with the housing market? Mortgage rates, home prices and affordability

What’s happening with the housing market? Mortgage rates, home prices and affordability

by Third Party | Dec 10, 2022 | Industry Updates, U.S. Housing Market

Source: USA Today —  Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 compared to the previous week. And the...
Here’s how many Americans think US housing market is heading for a ‘crash’

Here’s how many Americans think US housing market is heading for a ‘crash’

by Third Party | Dec 9, 2022 | Industry Updates, U.S. Housing Market

Source: New York Post —  A significant portion of Americans fear the once-booming housing market is headed for a significant crash in the months ahead, recent survey results from LendingTree showed. According to the survey, 41% of Americans expect the housing...
Why Today’s Housing Inventory Proves The Market Isn’t Headed For A Crash

Why Today’s Housing Inventory Proves The Market Isn’t Headed For A Crash

by John G. Stevens | Dec 8, 2022 | Industry Updates, News/Current Events, U.S. Housing Market

We all remember the housing crash of 2008 even if we didn’t own a home. It is something that stays embedded in our minds. As we take a look at the market over the last year, some of us have been at the edge of our seats wondering where it’s headed. Some say we’re...
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