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First-time homebuyers are ‘royally screwed’
Source: Insider --- Lawrence Talej was ready to buy his first house. It was late 2019, and Talej, then a 26-year-old software developer, had saved up for a down payment while living with his parents in a suburb near Richmond, Virginia. After looking at a few houses...
Is the Housing Market Making You Moody? Influencing Design Trends in 2023
Source: WRAL News --- With record-high gas prices, a housing market boom and global uncertainty, it hasn’t been an easy transition back to stereotypically normal pre-pandemic living. The Consumer Sentiment Index and Fannie Mae Home Price Sentiment Index (HPSI) bear...
Former Real Estate Executive Sentenced for Manipulating WeWork Stock
Jonathan Larmore was convicted of one count of tender offer fraud and one count of securities fraud following a one-week trial. Continue Reading Former Real Estate Executive Sentenced for Manipulating WeWork Stock
Rutgers Real Estate Professor Named Trump’s Housing Economist
Morris Davis’ appointment runs through December 2025. Continue Reading Rutgers Real Estate Professor Named Trump’s Housing Economist
Shopoff Realty Investments Acquires California Industrial Property for Residential Development
The company announced that $49 million in acquisition financing for the project was secured with support from JLL Capital Markets. Continue Reading Shopoff Realty Investments Acquires California Industrial Property for Residential Development
QXO Acquires Beacon Roofing Supply for $11 Billion
“Acquiring Beacon is a key milestone in our plan to create substantial shareholder value,” said QXO Chairman and CEO Brad Jacobs. Continue Reading QXO Acquires Beacon Roofing Supply for $11 Billion
Federal Reserve Opts to Hold Rates Steady
The central bank will “maintain the target range for the federal funds rate at 4.25% to 4.5%.” Continue Reading Federal Reserve Opts to Hold Rates Steady
Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents
Demand for larger rental units has grown because fewer renters are seeking to become first-time homebuyers Continue Reading Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents
Report: Sandals Resorts Exploring Potential Sale of Company
Sandals operates in Jamaica, the Bahamas, Saint Lucia, Grenada, Barbados, Antigua, Curaçao and Turks and Caicos. Continue Reading Report: Sandals Resorts Exploring Potential Sale of Company
RE/MAX: Home Sales Up 8.4% in February
The $423,000 median sales price was only $3,000 (0.6%) higher than January’s level. Continue Reading RE/MAX: Home Sales Up 8.4% in February
Lennar Begins Sales on Single-Family Homes in Dallas Community
Pricing for the new homes starts in the low $300,000s. Continue Reading Lennar Begins Sales on Single-Family Homes in Dallas Community
New Financing Program Aimed at Sellers Planning Home Stagings
The new program is now available in select markets, with plans for nationwide expansion in the near future. Continue Reading New Financing Program Aimed at Sellers Planning Home Stagings
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