Current News & Events
Francis Ford Coppola Sells Private Island to Cover Losses from Flop Movie
“I don’t have any money because I invested all the money that I borrowed to make ‘Megalopolis,'” said Coppola. Continue Reading Francis Ford Coppola Sells Private Island to Cover Losses from Flop Movie
Report: Trump Wants His Name on New Commanders Stadium
Trump is reportedly not interested in buying the naming rights or having a corporation buy it for him. Continue Reading Report: Trump Wants His Name on New Commanders Stadium
Crypto Real Estate Sales Are Officially Here, But Will They Last?
Source: Forbes --- With the arrival of Bitcoin in 2009 and subsequent blockchain currencies, conversations about crypto real estate immediately followed, albeit in hushed murmurs. Fast forward to today and stories of seven-figure crypto real estate transactions have...
Los Angeles agencies returned $150 million in federal funds to house homeless people
Source: LA Times --- Nearly $150 million worth of federal grants to the three main housing agencies working to reduce homelessness in Greater Los Angeles went unspent between 2015 and 2020, as the number of unhoused people soared. Instead of being used to address...
Thousands could miss out on mortgages due to rising energy costs – research
Source: Mortgage Introducer --- A recent study has shown that the rising cost of energy could lead to thousands of applicants missing out on mortgages due to its impact on their affordability. Data analysis by Mortgage Broker Tools (MBT) has found that while three in...
While inflation continues to drive Houston interest rates up, real estate agents say there may be a silver lining for buyers
Source: Click 2 Houston --- HOUSTON – Sikiru Ogunboyejo has been a real estate agent for eight years. He says he’s seen major fluctuations in interest rates during his time on the job. ”When COVID started interest rates were, I wouldn’t say at an all-time low, but...
Taller Towers, Fewer Homes
Source: New York Times --- In New York City, where space is at a premium, developers tear down residential buildings to create new ones that climb higher and higher into the sky — projects that could create thousands of apartments to help alleviate the city’s...
Why You Should (and Shouldn’t) Sell Your Home in 2022
Source: Real Estate --- In the final months of 2022, the housing market isn’t the same as when the year started. In an effort to battle inflation, the Federal Reserve has increased interest rates repeatedly throughout the year, contributing to the average 30-year,...
These are the 10 fastest-cooling real estate markets in the US
Source: The Hill --- The real estate market is cooling fastest primarily among West Coast cities already hit by the lingering affordability crisis, with Seattle leading the way, according to a new analysis. An analysis from the real estate firm Redfin ranked the...
Powell warns of a correction in the once ‘red-hot’ housing market
Source: Boston --- Federal Reserve Chair Jerome Powell warned that the US housing market is likely to suffer a reversal in the wake of policymakers’ interest-rate hikes. “We’ve had a time of a red-hot housing market all over the country,” Powell said in a press...
US ‘housing recession’ could send prices 20% lower by mid-2023: economist
Source: New York Post --- US home prices are now “clearly falling” and could plummet by as much as 20% by mid-2023 as the Fed continues its aggressive push to hike interest rates, according to a prominent economist. Ian Shepherdson, the chief economist at Pantheon...
Ten US Housing Markets That are Cooling the Fastest
Source: Globe Street --- As the US housing market continues to cool, Seattle has the dubious distinction of slowing faster than any other city in the country, according to an analysis by Redfin that ranked the most populous US metropolitan areas according to the...
