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Trump’s Billionaire Neighbor Warned The Economy Was In An ‘Omnibubble,’ He Was Right
Source: Yahoo! Life --- According to Jeff Greene, who turned a $50 million investment into $500 million in 2008 by purchasing credit default swaps on bonds backed by subprime mortgages as the housing bubble burst, the economy is currently experiencing a new asset...
TWO NEW REAL ESTATE PROGRAMS TO SUPPORT CONSTRUCTION AND FILM INFRASTRUCTURE
Source: NJ EDA --- TRENTON, N.J. (December 22, 2022) – The New Jersey Economic Development Authority (NJEDA) Board on Wednesday approved the creation of two new real estate pilot programs – the Film & Digital Media Studio Infrastructure Program and the...
Wells Fargo Fined $3.7 Billion for Mismanaging Auto Loans, Mortgages, Checking, and Savings Accounts
Source: The Ascent --- Many consumers have struggled to keep up with their auto and mortgage loan payments this year due to surging inflation. And many have depleted their savings balances due to the higher living costs they've been forced to grapple with over the...
Home buyers get some relief as mortgage rates come off 7% highs
Source: Los Angeles Times --- In October, mortgage interest rates topped 7% for the first time in two decades, the latest milestone reached this year amid a surge in borrowing costs. But potential home buyers may have noticed something different recently: Rates are...
Housing Market Supply Is Keeping Prices From Crashing
Source: Newsweek --- Housing inventory in the U.S. decreased between October and November this year, underscoring a housing shortage that some experts believe is helping to keep soaring prices from dramatically plummeting. The National Association of Realtors (NAR)...
Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
Source: CNBC --- Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the...
‘We’re in a housing recession right now,’ NAHB CEO says
Source: Yahoo! News --- National Association of Home Builders CEO Jerry Howard joins Yahoo Finance Live to discuss the state of the housing market, home builder sentiment, inflation, Fed interest rate hikes, a housing recession, and the outlook for the housing market...
What You Need to Earn to Buy a Home in the Largest U.S. Cities
Source: New York Times --- As prices rise, higher mortgage payments follow, and after nearly three years of rapid home appreciation during the pandemic, qualifying for a home loan is more difficult than ever. Today’s buyers also face the additional cost of rising...
Where are home prices in America’s 400 largest housing markets headed in 2023? These 5 charts give us some clues
Source: Fortune --- Nationally, home prices rose for 124 consecutive months between February 2012 and June 2022. Now we’re in reverse: Through September, the seasonally adjusted Case-Shiller National Home Price Index has posted three consecutive monthly declines. In...
How This Technology Will Transform Commercial Real Estate in 2023
Source: Entrepreneur --- 3D digital twins have started to enter the real estate market and vocabulary, slowly moving from technical tools used in the operational processes to a more people-facing role. They become commercial tools of high value that stand as a...
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