Current News & Events
Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
These combined costs were up 4.7% from one year ago. Continue Reading Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
Councilmember Eunisses Hernandez called the plan “a private development scheme disguised as transportation.” Continue Reading LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
Is Housing Inflation Slowing Down? Trends To Look For In 2023
Source: Forbes --- Key Takeaways Many factors contributed to the rapid rise in home and rent prices over the past few years. Because of the long process from building to selling homes, it takes time for housing inflation to slow. The outlook for 2023 is cloudy, with...
Mortgage Rates Are Falling, Which Is Good News for UWM Holdings
Source: The Motley Fool --- Mortgage companies are highly unpopular, but is sentiment too negative in the case of this stock? The past year was extraordinarily difficult for companies in the mortgage space. The Fed aggressively hiked interest rates to help get...
What the Fed’s December rate hike means for homebuyers and sellers
Source: Fortune --- The Federal Reserve has raised interest rates for the seventh consecutive time this year. This time, though, the hike is smaller: Fed Chairman Jerome Powell announced a half-point increase in the federal funds rate Dec. 14, which is down from the...
New To Real Estate Investing? Understanding Multifamily Investments (Part 2)
Source: Forbes --- Many new investors in the real estate space are unaware of the myriad opportunities in multifamily, often because they are intimidated by the scale of the investment or they are unaware of avenues they can take. As I mentioned in part one, while...
2022 – What just happened?
Source: MPA Mag --- How would you sum up the year in a paragraph, or even in one sentence? And what’s your outlook for 2023? How will high rates impact your business? These are just a few of the questions Mortgage Professional America (MPA) posed to mortgage experts...
Trump’s Billionaire Neighbor Warned The Economy Was In An ‘Omnibubble,’ He Was Right
Source: Yahoo! Life --- According to Jeff Greene, who turned a $50 million investment into $500 million in 2008 by purchasing credit default swaps on bonds backed by subprime mortgages as the housing bubble burst, the economy is currently experiencing a new asset...
TWO NEW REAL ESTATE PROGRAMS TO SUPPORT CONSTRUCTION AND FILM INFRASTRUCTURE
Source: NJ EDA --- TRENTON, N.J. (December 22, 2022) – The New Jersey Economic Development Authority (NJEDA) Board on Wednesday approved the creation of two new real estate pilot programs – the Film & Digital Media Studio Infrastructure Program and the...
Wells Fargo Fined $3.7 Billion for Mismanaging Auto Loans, Mortgages, Checking, and Savings Accounts
Source: The Ascent --- Many consumers have struggled to keep up with their auto and mortgage loan payments this year due to surging inflation. And many have depleted their savings balances due to the higher living costs they've been forced to grapple with over the...
Home buyers get some relief as mortgage rates come off 7% highs
Source: Los Angeles Times --- In October, mortgage interest rates topped 7% for the first time in two decades, the latest milestone reached this year amid a surge in borrowing costs. But potential home buyers may have noticed something different recently: Rates are...
Housing Market Supply Is Keeping Prices From Crashing
Source: Newsweek --- Housing inventory in the U.S. decreased between October and November this year, underscoring a housing shortage that some experts believe is helping to keep soaring prices from dramatically plummeting. The National Association of Realtors (NAR)...
