Current News & Events
Historic Baltimore Multifamily Community Sells for $5.95 Million
Built in 1927, The Baltimorean offers a mix of studios and one- and two-bedroom apartments with units averaging 385 square feet in size. Continue Reading Historic Baltimore Multifamily Community Sells for $5.95 Million
PulteGroup Expands Ohio Presence into Cincinnati
PulteGroup already has an Ohio presence in the Cleveland and Columbus markets. Continue Reading PulteGroup Expands Ohio Presence into Cincinnati
Colorado’s shifting housing market and what it means for 2023
Source: Denver 7 ABC News --- DENVER — With the new year, many Coloradans are looking at the next 12 months trying to make sense of the ever-changing real estate market in the midst of an uncertain financial picture. This comes as things really slowed down in...
Bank Will Pay $31 Million After Discriminating Against Black And Latino Communities
Source: Forbes --- The United States Department of Justice has reached a $31 million settlement with City National Bank in a historic housing discrimination case. City National, based in Los Angeles, is one of America’s 50 biggest banks. This settlement is the...
Foreign Buyers Are Descending on Turkey’s Idyllic Coastal Town Kas
Source: Mansion Global --- The seaside town of Kas in Turkey’s Antalya province has an alluring coastal location, romantic Mediterranean looks and a history dating back to the 6th century B.C. The serene resort town is set along a wide bay and the Çukurbag (or Kas)...
What will 2023 bring to the housing market? Predictions include price drops, ‘terrible consolidation,’ but better buyer balance
Source: Deseret News --- If 2022 was a roller coaster year for the housing market, 2023 is expected to bring a painful but necessary real estate hangover. Nationally, a growing number of experts and firms are predicting U.S. home prices will fall, some expecting...
Mortgage repayments for new buyers now ‘close to pre-2008 levels’
Source: FT Adviser --- Mortgage repayments now make up nearly 40 per cent of a first-time buyer’s net take-home pay, which high street bank Nationwide has said is “close to the levels seen in the run up to the financial crisis”. Senior economist at the bank, Andrew...
Economist tells Denver real estate agents to prepare for a recession in middle of the year
Source: Denver Post --- Consumers have held a recession at bay for months now with their robust spending, fighting off the burden of rising prices and higher interest rates. But their resolve, not to mention their financial reserves, are waning and that could force a...
Real estate speculators during recessions and recoveries
Source: firsttuesday Journal --- This article explains why speculators — as a distinct type of real estate purchaser — profit disproportionately during a recovery, and what the next speculator increase means for California’s housing market. Why the spectacle? A real...
Real estate brokerage leaders pessimistic about 2023
Source: MPA Mag --- Real estate brokerage leaders are rarely a pessimistic group, yet more than half believe the economy will deteriorate in 2023, according to a new report. The newly released Delta Real Estate Leadership Survey heard from more than 100 brokerage...
Mortgages Update: Rising Costs Taking Toll On First-Time Buyer Finances
Source: Forbes --- 13 January: Higher Payments And Deposits Making Ownership More Difficult Monthly mortgage payments are taking a larger bite out of typical first-time buyer household outgoings, writes Laura Howard. Monthly mortgage payments now account for 39% of a...
Bank to pay $31M for avoiding mortgages to minorities, largest such settlement in U.S. history
Source: PBS --- NEW YORK (AP) — The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominately Black and Latino communities, requiring the bank to pay more than $31 million in the...
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