Current News & Events
Kansas City Chiefs Reportedly Issue RFP for Design of New Stadium
The State of Kansas has offered to finance up to 70% of a new stadium project if the team decides to cross the state line. Continue Reading Kansas City Chiefs Reportedly Issue RFP for Design of New Stadium
Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
One of the unnamed sources in Politico’s coverage complained that Pulte “sold POTUS a bill of goods that wasn’t necessarily accurate.” Continue Reading Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan
Source: CNBC --- It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News...
Billionaires Have Growing Appetite for Real Estate As Market Slows
Source: Yahoo Finance --- While the world’s wealthiest people earn their money in a variety of ways, many add to their fortunes through investing in real estate, which typically appreciates in value. Tesla Inc. and SpaceX CEO Elon Musk, the world’s richest man, made...
A millionaire landlord has 3 tips for anyone thinking of buying rental real estate right now
Source: Business Insider--- One of my biggest financial goals is to invest in real estate. I've always wanted to own a handful of properties, all around the country, that I rent out to tenants as a way of making passive income. While I'm years away from being in the...
New York City’s Housing Shortage Continues
Source: Planetizen --- Writing for New York 1, Emily Ngo highlights the shortage of housing, particularly on the lower end of the market, that is squeezing New York City renters. “In an interconnected New York, market forces and policy, profit and politics all play a...
These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’
Source: MorningStar --- Goldman Sachs economists say they expect rates will 'remain persistently high' The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. "The headwind from higher mortgage...
Hedge Fund Investor Who Called Housing Crash Eyes Venezuela Debt
Source: Yahoo Finance --- A hedge fund manager who correctly timed the crash of the US housing market and a crypto currency rally eight years ago thinks he’s found his next overlooked investment: Venezuelan debt. Bonds the country defaulted on nearly five years ago...
US Housing Market Cooling Off from West to East
Source: Fitch Ratings --- Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation will...
Talking Business: Meet the New York real estate mogul behind some of the area’s hottest properties
Source: NOLA.com --- One of the most successful real estate developers and commercial property owners in the local market is a New York-based investor you’ve probably never heard of: Jeffrey Feil. Among the Feil Organization’s vast holdings are historic Manhattan high...
The housing market is backfiring on home flippers
Source: KSL --- SALT LAKE CITY — The U.S. housing market has turned, and it's starting to backfire on home flippers. Mortgage rates are now hovering around 7%, further straining housing affordability and pricing buyers out of the market. Meanwhile inflation continues...
Chinese homeowners in a rush to clear mortgages early as consumers turn pessimistic over economic outlook
Source: South China Morning Post --- Aki Wang made a resolution on her 35th birthday in June. She vowed to pay off her 25-year mortgage before she turns 40, which will save her close to 1 million yuan (US$140,535) in interest payments. “I pay 5.1 per cent interest on...
