Real Estate Agent Tools
Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you
Source: CNBC --- The Federal Reserve raised its target federal funds rate by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday, in an effort to quell runaway inflation. “We at the Fed understand the...
Investor Home Purchases Slump 17% From Pandemic Peak as Interest Rates Rise
Source: Redfin --- Real estate investors bought 77,829 homes in the metros tracked by Redfin in the first quarter, down 11.5% from the fourth quarter of 2021 and 16.5% from the third quarter of 2021, when investor purchases hit a record high. On a year-over-year...
Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang
Aspen Grove was shut down last month by the city amid charges that the property carried multiple health and safety issues. Continue Reading Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang
Four-Property Commercial Portfolio in Connecticut Sells for $26.5 Million
The property had a total appraised value of $29.45 million. Continue Reading Four-Property Commercial Portfolio in Connecticut Sells for $26.5 Million
Frank Lloyd Wright’s First Commission Residence Listed at Nearly $2 Million
The Winslow House was added to the National Register of Historic Places in 1970. Continue Reading Frank Lloyd Wright’s First Commission Residence Listed at Nearly $2 Million
Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain
The company said it will “assess its operational footprint, which will include closing additional store locations.” Continue Reading Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain
Hits and Misses for the Real Estate Week of Sept. 2-6
The multiple levels of illegal immigration’s effects on housing and a 1,700-page report on a deadly building fire are part of this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Sept. 2-6
Real Estate Developer Convicted with Menendez Pleads Guilty to Bank Fraud Charge
He faces a maximum penalty of 30 years in prison and a top fine of $1 million. Continue Reading Real Estate Developer Convicted with Menendez Pleads Guilty to Bank Fraud Charge
Newsom Vetoes Bill to Provide Homebuying Assistance to Illegal Immigrants
The bill’s author, State Rep. Joaquin Arambula (D-Fresno), sought to downplay the immigrant status nature of his bill. Continue Reading Newsom Vetoes Bill to Provide Homebuying Assistance to Illegal Immigrants
Montreal Home Sales Up 9% in August
Active listings rose by 18% year-over-year to reach 17,200 listings. Continue Reading Montreal Home Sales Up 9% in August
Toll Brothers Unveils New Community in Florida
Homes will be priced from $1.9 million, and the community is expected to open for sale in early 2025. Continue Reading Toll Brothers Unveils New Community in Florida
Ken Bjurstrom Named Chief Risk Officer at Euclid Mortgage
Bjurstrom previously served as principal of the Milliman Mortgage Credit Risk Practice. Continue Reading Ken Bjurstrom Named Chief Risk Officer at Euclid Mortgage
