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Red-Hot Housing Market Fuels Mortgage Borrowing Record

Red-Hot Housing Market Fuels Mortgage Borrowing Record

by Third Party | Jan 5, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: The Wall Street Journal —  Americans borrowed more than ever to buy homes in 2021. Mortgage lenders issued $1.61 trillion in purchase loans in 2021, according to estimates by the Mortgage Bankers Association. That is up slightly from $1.48 trillion in...
New York company makes City’s largest real estate purchase

New York company makes City’s largest real estate purchase

by Third Party | Jan 5, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Santa Monica Daily Press —  The largest real estate deal in the city’s history closed this week with the sale of eight properties to New York based real estate company Tishman Speyer. According to a statement from brokerage Walker & Dunlop, Tishman’s...
Former San Diego real estate agent sentenced to prison for fraud scheme

Former San Diego real estate agent sentenced to prison for fraud scheme

by Third Party | Jan 5, 2022 | News/Current Events, Real Estate News

Source: ABC 10 News San Diego—  SAN DIEGO (CNS) – A former San Diego real estate agent was sentenced Monday to more than five years in prison for orchestrating a fraud scheme that bilked investors out of millions of dollars. Alexander Avergoon, who was...
From A Perfect Storm To Hitting Its Stride: What 2022’s Buyers Can Expect In New York City’s Real Estate Market

From A Perfect Storm To Hitting Its Stride: What 2022’s Buyers Can Expect In New York City’s Real Estate Market

by Third Party | Jan 4, 2022 | News/Current Events, Real Estate News

Source: Forbes —  This past year was remarkable for its deal volume, but below the surface, several trends emerged which may be instructional heading into the new year. From a growing divide of luxury coops and condos, to townhouses finding a bid, to New York...
2022 housing trends: The real estate frenzy is expected to ease

2022 housing trends: The real estate frenzy is expected to ease

by Third Party | Jan 4, 2022 | News/Current Events, Real Estate News

Source: MSN —  The real estate market has been nothing short of a wild ride for both buyers and sellers since the start of the coronavirus pandemic. Record price appreciation, rock-bottom mortgage rates and cutthroat competition among buyers have prevailed for...
HPD Announces Plans For 100% Affordable Development In Brooklyn

HPD Announces Plans For 100% Affordable Development In Brooklyn

by Third Party | Jan 3, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Real Estate Weekly — The New York City Department of Housing Preservation and Development (HPD) today announced the development partners and plans for Site 1 of the Bedford-Stuyvesant Community Wealth and Wellness RFP. Almat Urban and the...
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