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Why Ramit Sethi Believes This Piece of Housing Advice Is ‘Financial Propaganda’
Source: Motley Fool --- "House prices always go up. You're throwing money away by renting, and paying your landlord's mortgage while you're at it." Odds are that you've heard this oft-repeated financial advice before. To Ramit Sethi, author of I Will Teach You To Be...
Will the U.S. Economy fall into recession in 2023? Only if the Fed intensifies current tightening policies
Source: University of California --- The U.S. economy has little chance of falling into a recession this year or next unless the Federal Reserve raises interest rates more than they are currently projecting, according to a new forecast released yesterday at the 13th...
The most ‘underreported’ factor influencing housing market, according to Calculated Risk
Source: Deseret News --- Bill McBride, author of the economics blog Calculated Risk, said there’s a key reason why both rent and home price growth is slowing amid the U.S. housing correction playing out today. In a live Twitter Space hosted by Fortune Magazine on...
Hackers Target Eager Homebuyers With a Dumb Scam That Keeps Working
Source: Bloomberg --- For weeks, the Secret Service agent had been trying to identify the scammers moving millions of stolen dollars through banks around the New York tri-state area. His quest had begun on a quiet afternoon in May 2020, when the streets of New York...
For Florida Real Estate That Survived Hurricane Ian, A Price Bump Awaits
Source: Forbes --- Even as Hurricane Ian's 155-mile-per-hour winds were leveling southwestern Florida, real estate agent Rick Pitts was selling the dream of waterfront living. As Ian made landfall, Pitts, the owner of Sellstate Excelsior Realty in Cape Coral, told his...
Types of real estate agents
Source: Bankrate --- Whether you’re searching for a new home or hoping to sell the property you’re currently living in, identifying the right type of real estate professional to work with can make a big difference to your success. There are various types of real...
Life sentence for man who killed New Orleans real estate agent during online marketplace sale
Source: Nola.com --- A man convicted of first-degree murder for using an online marketplace app to lure, rob and kill a New Orleans real estate agent was sentenced to life in prison Thursday. Judge E. Adrian Adams of the 24th Judicial District Court in Gretna handed...
Churchill Provides $55 Million Loan on Moreno Valley Multifamily Project
Source: Real Estate Weekly--- Inland Empire based – Fairbrook Communities landed $55 million in construction financing from Churchill Real Estate for the development of Crystal Cove – a 192-unit multifamily project located on the southwest corner of Alessandro Blvd...
Housing bust or first to adjust? What’s actually happening in Boise, Idaho
Source: Deseret News --- At the height of the pandemic housing frenzy, Boise was not just discovered. It was flooded with buyers. That’s when housing market hawks first locked on to the Idaho metro for its eye-popping price increases. Since then, fascination with...
Is the US Housing Market in a “Free Fall?”
Source: OpticFlux --- One of the strongest economic sectors in the United States at the beginning of the pandemic was the housing market but, just like all other sectors, it appears that it’s now slowing down. The signs that this is the case have caused increased...
