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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...
Construction Completed on First LIHTC Affordable Apartments for Visually Impaired Residents
The podium-style building features nine stories with three levels of parking, six levels of units, and first-floor retail space. Continue Reading Construction Completed on First LIHTC Affordable Apartments for Visually Impaired Residents
CoreLogic: Home Price Growth Slowed in October
Among the major metro markets, Chicago posted the highest year-over-year home price increase in October at 6.4%. Continue Reading CoreLogic: Home Price Growth Slowed in October
Christy Gessler Named 2025 Board Chairman of Texas Realtors
Gessler is broker/owner of Freedom 512 Real Estate Group in Liberty Hill. Continue Reading Christy Gessler Named 2025 Board Chairman of Texas Realtors
Mortgage Application Activity Up Nearly 3%
The seasonally adjusted Purchase Index increased 6% from one week earlier. Continue Reading Mortgage Application Activity Up Nearly 3%
Report: Hunter Biden Owes Landlord $300,000 in Unpaid Rent
The presidential pardon for Biden covers federal crimes, but would not shield him from a civil lawsuit over unpaid rent. Continue Reading Report: Hunter Biden Owes Landlord $300,000 in Unpaid Rent
New Forecast Predicts 3.7% Home Sale Price Growth in 2025
Realtor.com’s forecast is also pointing to an 11.7% increase in existing home inventory. Continue Reading New Forecast Predicts 3.7% Home Sale Price Growth in 2025
New Proposal Seeks to Turn Historic Connecticut Building into Mixed-Use Development
It is unclear how much of the project will be financed by taxpayers. Continue Reading New Proposal Seeks to Turn Historic Connecticut Building into Mixed-Use Development
Mark Bratt to Step Down as CEO at Westwood Financial
Bratt has been Westwood’s CEO since January 2019. Continue Reading Mark Bratt to Step Down as CEO at Westwood Financial
Baltimore Enacts New Special Property Tax on Vacant Homes
The bill will hike taxes on vacant properties threefold, starting in the 2026-2027 tax year. Continue Reading Baltimore Enacts New Special Property Tax on Vacant Homes
NAREIM Begins Search for New CEO
Zoe Hughes, the organization’s current CEO, is stepping down after more than six years. Continue Reading NAREIM Begins Search for New CEO
