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2 men plead guilty in $15 million mortgage fraud scheme
Source: OC Register --- Two men involved in a $15 million mortgage fraud scheme in Orange County have pleaded guilty and are set to be sentenced on January 10, 2022.. Jimmy Phan, 47, and Vinh Phan, 46, entered their pleas on Thursday, Dec. 16, according to court...
After career in fashion, CT woman rises up ranks in real estate
Source: CT Insider --- When Tammy Felenstein bought her second house in 1995, she found the emotional toll overwhelming. She didn’t understand how anyone could navigate the process for a living and even said as much to her real estate agent. “When you’re the client,...
4 Real Estate Trends Smart Investors Are Watching for 2022
Source: The Motley Fool--- The past couple of years have been anything but ordinary for real estate investments. Last year, in response to the COVID-19 pandemic slowdown, the Federal Reserve slashed interest rates to record lows and mortgage rates followed. Many...
Lawmakers advance real estate transfer tax proposal
Source: Wyoming News --- CHEYENNE – Though it may not appeal to all parts of Wyoming, legislators pushed forward a bill this week that would allow for a local option 1% tax on real estate sales over $1 million. The Joint Revenue Committee voted 8-4 Wednesday to...
Omicron Variant Hits the Luxury Real Estate Market
Source: Realtor --- The recent volatility in the stock market and cryptocurrencies, fueled by anxiety over the omicron variant, has some would-be homebuyers pressing pause on pricey real estate purchases. That’s been the case for New York native Neil Kapoor, 36, who...
Will the Real Estate Market Crash in 2022?
Source: Tap Into Randolph --- Overall, New Jersey home prices will continue rising through 2022, but are expected to fall in 2023 as inflation and/or a possible recession take the bloom off the housing market, according to NJ real estate guru Jeffrey Otteau, president...
FORGET COVID: FED PIVOTS TO FOCUS ON INFLATION CONCERNS
Source: RIS Media --- The Federal Reserve is queuing up to make more aggressive moves in the coming years, a departure from the easing-in strategy it implemented amid the pandemic to incentivize economic recovery. While Fed officials voted to hold rates near zero on...
Housing starts and permits ruin Christmas for housing bears
Source: Housing Wire --- Today, the U.S. Census Bureau reported that housing starts came in as a beat at 1,679,000 for November. The more critical number of housing permits came in 1,712,000, a solid uptick from last month, and we saw slightly positive revisions to...
Housing is a Defense Against Climate Change
Source: Eugene Weekly --- Low-income and historically marginalized communities bear the brunt of climate impacts As temperatures regularly soared above 100 degrees this past summer, renters across Eugene struggled to stay cool in their homes. Without air conditioning...
Is the West’s way of life dying? Rabid housing market devouring scarce horse property
Source: Deseret News --- Marie and Peter Gessel’s new home in Riverton is nestled smack in the middle of what, at first impression, appears to be a typical suburban neighborhood along Utah’s Wasatch Front. Curb and gutters, street lamps and brick mailboxes line the...
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