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Here’s how inflation could affect your next real estate move
Source: The Washington Post --- If you have bought, sold, invested or otherwise participated in the economy lately, you have likely seen the forces of inflation in action. But in plain terms, what does inflation really mean, and how will it impact the already crowded...
Flexibility, Branding Among 2022 SFL Real Estate Trends To Watch
Source: Forbes --- Florida added more newcomers in the 12 months ending July 1, 2021 than any other state but Texas. Citing estimates from the U.S. Census Bureau, FloridaPolitics.com reported the Sunshine State added 211,305 residents through both migration and...
The Absolute Cheapest State to Buy A House Is…
Source: Apartment Therapy --- When you’re buying a new home, it’s all about location, location, location. Based on where you decide to live, you may have lower home costs, but pay more in utilities. Or, you could pay a higher mortgage but your property taxes will...
Manhattan real estate breaks record in 2021, reaching $30 billion in sales
Source: CNBC --- Manhattan real estate posted its best year ever in 2021, rebounding from the pandemic with $30 billion in sales, according to real estate reports. The 16,000-plus signed contracts were also a record, according to a report from Corcoran.
Home affordability plummeted in fourth quarter
Source: Housing Wire--- Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. ...
Red-Hot Housing Market Fuels Mortgage Borrowing Record
Source: The Wall Street Journal --- Americans borrowed more than ever to buy homes in 2021. Mortgage lenders issued $1.61 trillion in purchase loans in 2021, according to estimates by the Mortgage Bankers Association. That is up slightly from $1.48 trillion in 2020...
New York company makes City’s largest real estate purchase
Source: Santa Monica Daily Press --- The largest real estate deal in the city’s history closed this week with the sale of eight properties to New York based real estate company Tishman Speyer. According to a statement from brokerage Walker & Dunlop, Tishman’s...
Former San Diego real estate agent sentenced to prison for fraud scheme
Source: ABC 10 News San Diego--- SAN DIEGO (CNS) - A former San Diego real estate agent was sentenced Monday to more than five years in prison for orchestrating a fraud scheme that bilked investors out of millions of dollars. Alexander Avergoon, who was also ordered...
From A Perfect Storm To Hitting Its Stride: What 2022’s Buyers Can Expect In New York City’s Real Estate Market
Source: Forbes --- This past year was remarkable for its deal volume, but below the surface, several trends emerged which may be instructional heading into the new year. From a growing divide of luxury coops and condos, to townhouses finding a bid, to New York City...
2022 housing trends: The real estate frenzy is expected to ease
Source: MSN --- The real estate market has been nothing short of a wild ride for both buyers and sellers since the start of the coronavirus pandemic. Record price appreciation, rock-bottom mortgage rates and cutthroat competition among buyers have prevailed for the...
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