Source: Yahoo — In an effort to boost its revenue, real estate listings giant Zillow Group Inc. started a home-flipping business that it believed would create an alternative revenue stream to just marketing properties online. That strategy didn’t last long...
Source: Forbes — If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase. Buyers may have a...
Source: CNBC — It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage...
Source: Yahoo Finance — A hedge fund manager who correctly timed the crash of the US housing market and a crypto currency rally eight years ago thinks he’s found his next overlooked investment: Venezuelan debt. Bonds the country defaulted on nearly five years...
Source: Fitch Ratings — Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation...
Source: Binance Academy — Introduction The concept of the metaverse and digital real estate go hand in hand. But like many crypto trends, media coverage hasn’t provided sufficient clarity. Just as it is with any other investment, it’s crucial to grasp the...
Hits and Misses for the Real Estate Week of April 6-10
