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Fed official says another boom-and-bust housing market is not sustainable

Fed official says another boom-and-bust housing market is not sustainable

by Third Party | Jun 28, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Market Watch —  Eric Rosengren, the president of the Boston Fed, expressed concern over the housing market in an interview with the Financial Times, and it comes as data shows house prices soaring. The median price for an existing home sale skyrocketed...
End to COVID-19 hotel housing for homeless raises worries

End to COVID-19 hotel housing for homeless raises worries

by Third Party | Jun 28, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Yahoo News—  Everyone on the streets knows “Sir Charles,” the skinny guy with the saxophone, sunglasses, felt hat and megawatt smile. At a gig this week at the iconic Elbo Room beach bar, he danced with a soda in his hand as the bouncers teased...
Los Cabo’s Luxury Real Estate Market Is Reaching New Heights

Los Cabo’s Luxury Real Estate Market Is Reaching New Heights

by Third Party | Jun 27, 2021 | Industry Updates, News/Current Events, Real Estate News

Source:Yahoo News —  Los Cabo’s Luxury Real Estate Market Is Reaching New Heights In Mexico’s famed beachy paradise destination, these seven upscale communities boast everything from lush gardens to scuba diving   Read...
Florida Real-Estate Investor Has Huge Week With Nearly $99 Million in Property Sales

Florida Real-Estate Investor Has Huge Week With Nearly $99 Million in Property Sales

by Third Party | Jun 25, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: The Wall Street Journal —  Hot on the heels of a $44 million deal to sell a pair of Bal Harbour, Fla., properties to WeWork founder Adam Neumann, Florida investor Joseph Imbesi has made another major sale. Mr. Imbesi closed on a nearly $55 million deal...
No Immediate Relief From Skyrocketing Home Prices

No Immediate Relief From Skyrocketing Home Prices

by Third Party | Jun 24, 2021 | Industry Updates, News/Current Events, Real Estate News

Source:Forbes —  Looking to buy a house, but think house prices are going crazy?  You’re not wrong. Housing prices are rocketing upwards across the country, showing their biggest annual gain since 2005.  Existing homeowners are adding to their housing wealth,...
U.S. Existing-Home Prices Hit Record High in May

U.S. Existing-Home Prices Hit Record High in May

by Third Party | Jun 24, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: The Wall Street Journal —  U.S. home prices in May experienced their biggest annual increase in more than two decades, as a shortage of properties and low borrowing rates fueled demand. The median existing-home sales price in May topped $350,000 for the...
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