Current News & Events
Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
James was indicted on two felony charges of bank fraud and making false statements to a financial institution. Continue Reading Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
Submarine Manufacturer Acquires Mostly Vacant Connecticut Mall
The mall is approximately 70% vacant and is expected to permanently close next spring Continue Reading Submarine Manufacturer Acquires Mostly Vacant Connecticut Mall
Expert offers tips to get home offers accepted in hot real estate market
Source: WFTV 9 --- ORLANDO, Fla. — For months, we’ve heard stories of struggles to buy a home, including buyers being outbid by cash offers tens of thousands of dollars over the asking price. But experts say there are some things you can do to make your offer stand...
The Fed makes its move – and more rate hikes are coming
Source: Housing Wire --- The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years, marking an end to the easy money that gave rise to the hottest mortgage market in U.S. history. The FOMC, as was predicted, raised...
Mortgage stress set to rise with interest rates and recent home buyers will be hit hardest
Source: ABC --- Interest rates are already rising in many countries and are almost certain to rise in Australia sometime this year. But how prepared are heavily indebted households, especially those who just paid top dollar for a home in the past couple of years? Up...
Spot fake real estate photos before you book an in-person home tour
Source: Oregon Live --- An online photo of a Cannon Beach house for sale caught Phil Jones’ attention. The image wasn’t of a sweeping ocean view from the hilltop location or the towering brick-faced fireplace in the living room. Jones, an attorney who often looks at...
A resurgence for adjustable mortgages
Source: Jacksonville Daily Record --- Adjustable-rate mortgages are back. “Buyers are addicted to the lower interest rates. You can get between a half and a full point for a five- to seven-year ARM,” said John Adams, area manager of loanDepot Jacksonville’s offices....
Building Blocks: The 10 Cheapest Cities in America To Buy a Newly Constructed Home
Source: Realtor --- Buyers have always paid dearly for the privilege of buying a newly built home. From custom countertops to increased energy efficiency, to that oh, so seductive new-home smell, the benefits aren’t tough to discern. Younger buyers these days largely...
Real Estate In The Digital Age
Source: Forbes --- The Rise of Proptech Real estate is one of the largest asset classes in the world, comprising over $225 trillion; ~$50 trillion in the United States alone. Historically, the industry has been a slow adopter of technology due to its capital intensity...
Housing inventory in Dallas area sinks from bad to worse, homes getting ‘upwards of 50 offers’
Source: WFAA --- DALLAS — The supply of houses in the Dallas area has sunk from bad to worse for buyers, with market inventory decreasing by more than half year over year. The decrease of 53.3% locally in January is more than three times the national average...
‘Competitive’ spring homebuying season is starting early this year, industry analyst says
Source: Fox Business --- Amid concern about rising mortgage rates, homebuyers are entering the market earlier than usual this spring, according to George Ratiu, manager of economic research at Realtor.com. "Markets are experiencing an early start to the spring season...
Housing market demands patience and billingual real estate agents
Source: My Record Journal --- High demand and low inventory of houses, while causing real estate prices in Connecticut and nationwide to increase, are also driving potential buyers to get more informed and be more patient. Leticia Rodríguez, real estate agent at...
Recent Posts
Former Arizona Shopping Center Site to Become Affordable Housing Complex- Turnbridge Equities Begins Leasing at New Raleigh-Area BTR Community
- Illinois Home Sales Up in June While Chicago Home Sales Decline
- Mortgage Rates Rise for Third Straight Week
- Harvard Forecast Points to Slowing in Remodeling Market
