Current News & Events
Rite Aid Shutters Remaining Stores
Rite Aid had fewer than 100 stores prior to its official shutdown. Continue Reading Rite Aid Shutters Remaining Stores
Hits and Misses for the Real Estate Week of Sept. 29-Oct. 2
Property tax relief gets slow walked in Ohio, HUD weighs in on the government shutdown, and a familiar face returns to lead NAMB. Continue Reading Hits and Misses for the Real Estate Week of Sept. 29-Oct. 2
FHFA releases new refi option for low-income borrowers
Source: Housing Wire --- Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by...
CFPB Delays Mandatory Compliance Date for General Qualified Mortgage Final Rule
Source: CFPB --- WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022. The CFPB is taking this action to help...
Time for a Renewed Focus on Planning and Local Municipal Codes.
Land use planning, development, and redevelopment is critical to the economic future of our cities and towns. The process and policies that help administer land use change applications are directly linked to the success and prosperity of our communities. A robust...
U.S. Housing Shortage Increases in March, Driving Prices Up 18 Percent
Source: The World Property Journal --- U.S. property broker Redfin is reporting this week that the median home-sale price increased 18% year over year to $344,625--an all-time high. Mortgage purchase applications increased 6% week over week (seasonally adjusted). For...
Will the Housing Market Maintain Its Momentum?
Source: Keeping Current Matters--- Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as...
The Advent Of A Real Estate Industrial Revolution And What It Means For Investors
Source: Forbes --- Industrial real estate as an asset class has been among the most resilient during the pandemic. With the exponential increase in e-commerce demand due to social distancing requirements and public safety concerns, it’s no surprise that the sector has...
Women Want Sustainable & Healthy Homes — How 4 Female Members Deliver
Source: NAHBNow --- Women hold 92% of the purchase influencewhen it comes to buying a home and are keenly interested in features that positively impact their family’s health and well-being. In honor of Earth Day, four women from NAHB’s Professional Women in Building...
Real Estate Must Become More Liveable, Sustainable And Affordable. Here’s How.
Source: Forbes --- We are all building occupants. We occupy apartments we rent and homes we own. We work in offices our companies lease and we shop in retail stores. We use buildings in a variety of ways and spend an estimated 90% of our day in them. So why should we...
There’s More To A Commercial Real Estate Loan Than Interest Rate
Source: Forbes --- When shopping for commercial real estate financing, it all comes down to the numbers. There's one figure that borrowers tend to view with laser focus: the interest rate. But the cost of commercial financing is only one side of the equation. The real...
Red hot real estate markets have turned surprising profits for unintentional property flippers
Source: CNBC --- Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call.
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