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Hoax Letters Claim Biden is Seizing Private Property for Migrant Housing
The letters outlined how residents needed to reconfigure their property to shelter the illegals. Continue Reading Hoax Letters Claim Biden is Seizing Private Property for Migrant Housing
Salvatore Troia Joins NNN Pro as CFO
Troia most recently served as CFO at Douglas Elliman Real Estate. Continue Reading Salvatore Troia Joins NNN Pro as CFO
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
White House Press Secretary: Protecting Homeowners Against Squatters is a ‘Local Issue’
“My understanding is that this is obviously a local issue,” said Press Secretary Karine Jean-Pierre. Continue Reading White House Press Secretary: Protecting Homeowners Against Squatters is a ‘Local Issue’
Eco-Friendly Real Estate Developer Z Life Plans Nationwide Expansion
“Z Life is crafting ecosystems for living that meet the needs and aspirations of the younger generation,” said CEO Weina Zhang. Continue Reading Eco-Friendly Real Estate Developer Z Life Plans Nationwide Expansion
Florida Acquires Nearly 28,000 Acres of Natural Lands for Conservation
Florida Gov. Ron DeSantis announced that his administration approved the acquisition of nearly 28,000 acres of natural lands and link-existing conservation areas. The acquisitions include 25,039 acres within the Caloosahatchee-Big Cypress Corridor in Collier and...
Opinion: Affordable lending requires creative thinking
Source: Housing Wire --- Each fall, trendsetters at Pantone decide on the next year’s “color of the year,” which they feel will define and influence the upcoming year. Whether the “color of the year” is a self-fulfilling prophecy or the trendsetters really are that on...
Mortgage applications jump 8.5% as Russia’s war pressures rates
Source: Housing Wire --- Mortgage applications jumped 8.5% for the week ending March 4, as mortgage rates dropped for the first time in three months as a result of Russia’s war in Ukraine, the Mortgage Bankers Association (MBA) reported on Wednesday. Borrowers’ demand...
Nearly 6,000 U.S. Homes Have Sold For $100,000+ Above Asking Price This Year
Source: Redfin --- Nationwide, 5,897 homes sold for at least $100,000 over asking price at the beginning of this year, up from 2,241 during the same period last year. The Los Angeles metro area led the way, with 718 homes selling for at least $100,00 over asking...
What opportunities do lenders miss out on by not focusing on credit?
Source: Housing Wire --- HousingWire: What opportunities do lenders miss out on by not focusing on credit, especially early in the mortgage origination cycle? Mike Darne: When I joined CreditXpert back in March of 2021, I started digging into aggregated internal...
Why the Public is Not Happy with Inflation!
In 1913 folks could buy a five-course meal and iced tea for 10 cents. That was about the time when the Federal Reserve system (central bank) was established. Since that time, approximately 109 years later, as of 2022, inflation increased by 2,740%. Many folks will...
American Mortgage Payment Costs Are Now 36% Higher Than a Year Ago
Source:Bloomberg --- Finding a home to buy is only the first struggle. Then there’s paying the mortgage. That’s become increasingly challenging, with the average American monthly mortgage payment rising to the highest level ever. It’s now $1,230 per month for...
Texas mortgage assistance program opens for statewide applications
Source: KERA News --- State officials have rolled out a "Texas Homeowner Assistance Fund" that is designed to help homeowners who’ve fallen behind on mortgage payments and other housing costs during the pandemic. The program has about $700 million in federal funds...
Crypto mortgage lenders are entering the hottest housing market ever
Source: Fortune --- When Chris Matta wanted to buy a condo in Jersey City three years ago, he ran into a problem. Matta, 32, had just left a job as vice president at Goldman Sachs to start Crescent Crypto, a crypto asset management firm, and most of his net worth was...
Mortgage insurance explained (Podcast)
Source: The Mortgage Reports --- Mortgage insurance basics Mortgage insurance might sound like something that protects you – the homeowner – should you fall behind on your payments. But in reality, it’s a policy for the lender that ensures they’ll recoup their losses...
Multifamily Construction Sentiment in U.S. Remains Positive in Late 2021
Source: World Property Journal --- According to the National Association of Home Builders latest Multifamily Market Survey, confidence in the market for new multifamily housing improved in the fourth quarter of 2021. The MMS produces two separate indices. The...
