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Here are the N.J. towns where the housing market may be cooling the most
Source: NJ.com --- The housing market is cooling. Interest rates have risen 4 percentage points since August 2021 when they were 2.7%. Inflation is at about 8.3%, making everything from groceries to gasoline more expensive. And home prices have risen 28% in the past...
Paying Cash for Your Home Is a Bad Idea for These 4 Reasons
Source: The Motley Fool --- After rock-bottom interest rates during the first phase of the COVID-19 pandemic, the mortgage chickens have finally come home to roost. In October 2021, the average U.S. mortgage interest rate for a 30-year fixed-rate mortgage was just...
Four Seasons in Partnership on New Luxury Complex in Washington, DC
The new development will be built on the site of a former heating plant. Continue Reading Four Seasons in Partnership on New Luxury Complex in Washington, DC
Champion Homes Debuts Manufactured Duplex Series
The Concord Duplex series is available now across the 48 contiguous states. Continue Reading Champion Homes Debuts Manufactured Duplex Series
Modular Housing Firm Boxabl Reserves Nasdaq Symbol
Boxabl raised over $170 million from more than 40,000 investors since it launched in 2017. Continue Reading Modular Housing Firm Boxabl Reserves Nasdaq Symbol
Developer and Former GOP Candidate Rick Caruso Rejects Recall Effort Against LA Mayor Bass
“This is a time when Los Angeles needs unity, not costly and expensive political distractions,” said Caruso. Continue Reading Developer and Former GOP Candidate Rick Caruso Rejects Recall Effort Against LA Mayor Bass
Existing Home Sales Up 4.2% in February
First-time buyers were responsible for 31% of sales in February. Continue Reading Existing Home Sales Up 4.2% in February
Home Flipping Activity Declines, Gross Profits Rise
Only 7.6% of home sales in 2024 were flips, down from 8.1% in 2023. Continue Reading Home Flipping Activity Declines, Gross Profits Rise
Bank of England Keeps Rates in Place
The UK central bank’s Monetary Policy Committee (MPC) 8–1 to maintain the Bank Rate at 4.5%. Continue Reading Bank of England Keeps Rates in Place
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
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