Current News & Events
Four Seasons to Create Luxury Residential Development at Saudi Resort of Shura Island
The development will have direct access to the beach and to the Red Sea. Continue Reading Four Seasons to Create Luxury Residential Development at Saudi Resort of Shura Island
Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
Sections of Brooklyn, Queens, and Staten Island turned into “no-go zones” for multifamily affordable housing. Continue Reading Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
Housing Market Update: Nearly 1 in 5 Sellers is Dropping Their Price, the Highest Rate Since October 2019
Source: Redfin --- Measures of homebuying competition are plateauing as early-stage demand posts its biggest annual decline since April 2020. However, mortgage rates may have leveled off, which could prevent demand from dropping even further. The housing market is...
Real estate industry ‘desperate’ for more inventory: Corcoran CEO
Source: Fox Business --- Pamela Liebman, president and CEO of The Corcoran Group, argued on Wednesday that the real estate industry is "desperate" for more inventory and if more homes become available, it "will really help everybody." She also noted that currently...
Prequal, Profitability, Due Diligence, Underwriting Tools; FHFA News: Appraisal Management
Source: Mortgage News Daily --- Yesterday I visited Sacramento to speak to an audience of real estate agents and originators in a joint MGIC/Golden 1 Credit Union event. The mood was good, and much of the discussion was about rent (give or take a little, 50 percent...
Southern Utah real estate hits new all-time highs, but asking prices stop escalating
Source: The Spectrum --- St. George's fast-rising housing market hit a new record high in April with the median sales price of a single-family home rising to $560,000, up more than 30% compared to April of last year. The rising sales price has risen sharply for...
Gov. Spencer Cox points to two problems in Utah’s housing crisis: Airbnb and Vrbo
Source: Salt Lake Tribune --- Thousands of potentially affordable homes in Utah are being deployed instead as short-term rentals in a trend that is worsening the state’s housing shortage, according to Utah Gov. Spencer Cox. While also calling for more residential...
U.S. New Home Sales Dive 27 Percent Year-Over-Year in April
Source: World Property Journal --- According to the National Association of Home Builders, in a further sign of a housing slowdown, new home sales posted a double-digit percentage decline in April 2022, falling to their weakest pace in two years, as rising mortgage...
Why Utah housing market is ‘very low risk’ for price drops — while other parts of the West are ‘high risk’
Source: Deseret --- As rising mortgage rates continue to put pressure on the U.S. housing market and the entire economy, economists and housing researchers are seeing early signs of a cooling market — but a question remains. Is a widespread correction coming to what...
Here’s why major cities may still be worth their high cost of living
Source: CNBC --- Many renters believe that a cost-of-living crisis is brewing in America’s major cities. New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41%...
That vacation rental listing could be a scam. These are the warning signs to look out for
Source: CNBC --- Before you book a rental property for a summer getaway, you may want to double check that you’re not getting scammed. This week, New York State Attorney General Letitia James issued a warning for consumers seeking rental properties. “Summer plans...
Mortgage apps decline 1.2% despite drop in rates
Source: Housing Wire --- Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% on a seasonally adjusted basis for the week ending May 20. The decline, as measured by the Mortgage Bankers Association’s (MBA’s) Market Composite Index,...
Recent Posts
New Hampshire Contractor Has Assets Frozen After Being Caught Selling a Non…- Landlords Sue to Stop Mamdani’s Rent Freeze
- Pennsylvania’s Median Home Sales Price Breaks New Record
- Windermere Real Estate Taps Diana Wall for New Chief Growth Officer Role
- HUD Stops Funding for Virgin Islands Housing Finance Authority
