Current News & Events
NJ Governor Intervenes to Stop Eminent Domain Seizure of 175-Year-Old Family Farm
“New Jersey will always protect its farmers and farmland,” said Gov. Phil Murphy. Continue Reading NJ Governor Intervenes to Stop Eminent Domain Seizure of 175-Year-Old Family Farm
Phishing Emails Targeting NAMB Members
“This email is NOT from NAMB,” said the organization’s message to its membership. Continue Reading Phishing Emails Targeting NAMB Members
A good jobs report, but also another recession red flag
Source: Housing Wire --- Today, the Bureau of Labor Statistics reported that the United States Of America created 431,000 jobs in March. We also had 95,000 positive revisions, and although this was a slight miss of estimates, it continues the solid trend of good job...
Mortgage delinquencies rose for the first time in 9 months. Here’s what that means for the housing market.
Source: Market Watch --- Mortgage delinquencies are on the rise. Indeed, in February, the national delinquency rate rose for the first time in 9 months, largely driven by a 97,000 rise in early-stage delinquencies — or those that were 30 – 60 days past due, according...
NY real estate lawyer who stole millions from clients disbarred
Source: New York Post --- Attorney regulators in New York have disbarred Mitchell Kossoff after the real estate lawyer pleaded guilty in December to criminal charges over his theft of millions of dollars in client funds. Kossoff, the owner of the now-defunct Kossoff...
Real Estate newsletter: The ultimate home-buying guide
Source: Los Angeles Times --- Welcome back to the Real Estate newsletter. We have a big one for you this week. That’s because “The Great SoCal House Hunt,” our all-encompassing, step-by-step guide to buying your first home in Southern California, has published. Not to...
LET’S CHECK IN WITH THE CALIFORNIA REAL ESTATE MARKET
Source: Out Kick --- After nearly two years of working here at OutKick, I tend to think I know what will get you guys to click on a post: Instagram models, California nonsense and real estate prices. Let’s face it, these vices never go out of style, and I’m going...
March 2022 Monthly Housing Market Trends Report
Source: Realtor --- Realtor.com®’s March housing data release reveals that the one-two-punch of rising interest rates and all-time high listing prices has moderated demand for homes. A decline in the churn of listings, consistent with recent slow-downs as reported for...
What is a housing bubble? Answering your questions as housing market spikes, raises concerns
Source: USA Today --- America's real estate market may be showing signs of a housing bubble as prices become “unhinged from fundamentals,” according to the authors of a blog post published by the Dallas Federal Reserve Bank. House prices can fall out of sync with...
Climate change could change property values, real estate
Source: Bend Bulletin --- When Miyuki Hino bought a house in Chapel Hill, North Carolina, in 2020, she checked an online map that showed the damage caused by Hurricane Matthew in 2016 to evaluate the neighborhood. “We wanted to know our flood risk before buying,...
Opinion: Today’s real estate market is a double gut punch
Source: Real Trends --- As we polish the silver for the spring buying season we have to ask, will anyone show up for dinner? Our best few months of the year typically are the ones when flowers bloom and the sun is warming the sidewalks of our neighborhoods. In the...
Mortgages Rates Surge to Highest Since 2018
Source: The Wall Street Journal --- The average rate for a 30-year fixed-rate loan jumped to 4.67%, mortgage-finance giant Freddie Mac said Thursday, marking the weekly figure’s highest reading since December 2018. The 30-year fixed rate rose from 4.42% a week ago,...
Recent Posts
Former Arizona Shopping Center Site to Become Affordable Housing Complex- Turnbridge Equities Begins Leasing at New Raleigh-Area BTR Community
- Illinois Home Sales Up in June While Chicago Home Sales Decline
- Mortgage Rates Rise for Third Straight Week
- Harvard Forecast Points to Slowing in Remodeling Market
