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The Most Expensive U.S. Real Estate Sales For 2021

Source: Forbes --- A drop in luxury housing inventory and increased buyer demand drove the high-end real estate market to record prices in 2021, with several sales in the United States eclipsing the $100-million mark. As the pandemic continued, the ultra-wealthy...

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Office Expansions in Big U.S. Cities Outpaced Contractions in 2021

Office Expansions in Big U.S. Cities Outpaced Contractions in 2021

Source: The World Property Journal --- According to new data from CBRE, companies stopped standing still in 2021 when it comes to long-term real estate decisions. Office-using companies in major U.S. markets shifted to more relocations and expansions in the first...

ATTOM: Foreclosure Activity Hit All-Time Low In 2021

ATTOM: Foreclosure Activity Hit All-Time Low In 2021

Source: National Mortgage Professional --- Foreclosure filings — including default notices, scheduled auctions, and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9 million...

News/Current Events

Anxiety grips LOs as layoffs sweep the industry

Anxiety grips LOs as layoffs sweep the industry

Source: Housing Wire --- If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” They have good reason to feel anxious. Numerous shops, including Better.com, Interfirst Mortgage, and Freedom...

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Treasury cracks the whip on money laundering

Treasury cracks the whip on money laundering

Source: Housing Wire --- The U.S. government is laser-focused on uncloaking bad actors hiding behind shell companies to engage in money laundering and other illicit activities and is seeking to adopt new regulations to accomplish that goal — rules that will impact the...

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Industry Updates

ATTOM: Foreclosure Activity Hit All-Time Low In 2021

ATTOM: Foreclosure Activity Hit All-Time Low In 2021

Source: National Mortgage Professional --- Foreclosure filings — including default notices, scheduled auctions, and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9 million...

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