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Playing Jenga With The U.S. Housing Market – Like In 2008?
Source: Seeking Alpha --- Thesis In 2008 the housing market crashed the global economy. Could it happen again? And how soon? While I don’t want to play the role of Mr. Doom, in this article I would like to highlight a few notable developments that could prove to turn...
How Hard is It for Self-Employed People to Get a Mortgage?
Source: Yahoo Finance --- Many people dream of being their own boss. And with good reason –multiple studies link self-employment with higher job satisfaction and enhanced physical wellbeing. As of July 2022, 16.4 million out of 158.1 million Americans were...
Lion Real Estate Closes $200M Fund
Source: Multi Housing News --- Lion Real Estate Group has closed on its second fund that will be used to acquire communities across Sun Belt states. The firm closed its LREG Multifamily Fund II at more than $200 million raised. The fund saw its first closing in...
S.F. corruption: Real estate mogul with deep political ties found guilty of bank fraud
Source: SF Chronicle --- Politically connected San Francisco real estate mogul Victor Makras was found guilty Friday of bank fraud and making false statements to a bank, the latest conviction in the tangled web of San Francisco’s City Hall corruption scandal that has...
Respected analyst predicts ‘overvalued’ San Francisco Bay Area home prices may drop
Source: SF Gate --- A respected analyst is issuing a warning for the San Francisco Bay Area: Homes are overvalued, especially in this cooling real estate market. Mark Zandi, the chief economist at the venerated firm Moody’s Analytics, told Fortune in a report...
Anywhere Real Estate slashes staff
Source: The Real Deal --- Anywhere Real Estate has joined the slew of firms making cuts to weather an uncertain market. The company formerly known Realogy didn’t disclose which departments were affected or how many people lost their jobs, Inman reported. Employees of...
Inside Tiger Woods’s Luxe Real Estate Portfolio
Source: Architectural Digest --- Tiger Woods’s talent on the golf course has been unstoppable ever since he first broke onto the scene in the late 1990s. Along with his professional success came an appetite for luxury real estate. The pro athlete has come a long way...
Should You Wait for Real Estate Prices to Crash Before Buying a Home?
Source: Realty Biz News --- Many people remember the financial and housing crises of 2007 and 2008. That’s when the overheated housing market didn’t just slow down but instead went into a tailspin with millions of home prices dropping below the amount of the mortgage....
DOJ: Warren Buffett’s company discriminated against Black homebuyers in Philly, NJ, Delaware
Source: The Philadelphia Inquirer --- NEW YORK — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett’s company discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice...
Report: Home Prices Could Dip in 183 Markets
Source: Newsmax --- Home prices could fall in 183 ''overvalued'' markets if the housing recession continues, according to data mapped out from Moody's Analytics. The map shows that 183 of the 413 top housing markets are ''overvalued'' by more than 25%, which some...
