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Average mortgage debt rose 14% over the past 5 years
Source: Rome News Tribune --- The average mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was $223,952 in the U.S., up from an average of $196,403 for the same time period in 2017. ...
The Great Real Estate Tumble Of 2022
Source: Forbes --- “A 1970s Type of Housing Market is Possible in Future” We now have a “Triple Whammy” in 2022. In addition to the stock & bond market’s volatile woes, housing just delivered it’s worst two month hit since 2008 and wiped out over a year’s worth of...
Healing Realty Trust in 3 New Preferred Real Estate Partnership Agreements
The announcement follows HRT’s recent closing the first tranche of its $25 million Series A funding round. Continue Reading Healing Realty Trust in 3 New Preferred Real Estate Partnership Agreements
Report: Denver Needs More than 500,000 Housing Units by 2050
The report also highlighted the need for new housing to be in proximity to public transportation. Continue Reading Report: Denver Needs More than 500,000 Housing Units by 2050
Home Price Growth Continues to Cool
CoreLogic is forecasting the rate of growth to decrease by more than half of its current rate. Continue Reading Home Price Growth Continues to Cool
Florida Realtors Disaster Relief Fund Accepting Applications for Hurricane Debby Damage
Business and individual damage applications will be accepted until Feb. 5. Continue Reading Florida Realtors Disaster Relief Fund Accepting Applications for Hurricane Debby Damage
Have Homebuyers Discovered Columbus?
Columbus, Ohio, where the median home price was $309,000, topped the new list of the “Most Popular Markets People Are Moving To.” Continue Reading Have Homebuyers Discovered Columbus?
Sales Up, Prices Down Slight in Toronto’s Housing Market
The average selling price of $1.10 million dipped by 0.9% from the July 2023 result of $1.11 million. Continue Reading Sales Up, Prices Down Slight in Toronto’s Housing Market
NYC’s ‘Worst Landlord’ Faces Return to Prison for Not Repairing Properties
Ohebshalom was previously jailed for 60 days for failing to make repairs at the same buildings. Continue Reading NYC’s ‘Worst Landlord’ Faces Return to Prison for Not Repairing Properties
Owner of Trump’s Former DC Hotel Loses Rights to Property
The property was originally the Post Office Building, which opened in 1899. Continue Reading Owner of Trump’s Former DC Hotel Loses Rights to Property
Virtú Investments Acquires San Diego Multifamily Property
The 19-story ALX was built in 2017 in the city’s Ballpark District neighborhood. Continue Reading Virtú Investments Acquires San Diego Multifamily Property
Australian Ex-Real Estate Agent Sentenced for Pilfering Clients’ Deposits
Justin Scavo lost his license and was forced to close his business. Continue Reading Australian Ex-Real Estate Agent Sentenced for Pilfering Clients’ Deposits
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