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Why this recent change just made it harder to buy or sell an apartment
Source: CNN --- New rules rolled out earlier this year by mortgage giants Fannie Mae and Freddie Mac are creating a bottleneck in the real estate market for those seeking to buy or sell condo or co-op apartments, according to agents and condo associations. The new...
The Problems Keeping Us From Tapping Real Estate’s Full Potential
Source: Propmodo --- From 2011 to 2016, I worked at the micro-apartment design and development startup, LifeEdited. While we never brought units to market, with our own TED talk and a number of major media features, the company did garner some good media attention....
U.S. Condo Prices Jump to New Record Highs in 2022
Source: World Property Journal --- National property broker Redfin is reporting this week the typical U.S. condo sold for a record $319,000 in February 2022. That's up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos...
Housing Market Update: Surging Mortgage Rates and Home Prices Sideline More Buyers
Source: Redfin --- Mortgage rates are shooting up at the fastest pace in history, sending the typical monthly mortgage payment for a homebuyer up more than $500 since the beginning of this year. As rates quickly approach 5%, we expect their impact on homebuyer demand...
The Best Week To List Your House Is Just Around the Corner
Source: Keeping Current Matters --- Are you thinking about selling your house? If so, you may want to make it a priority to start the process soon. According to realtor.com, the sweet spot for sellers is just around the corner. In a recent study, experts analyzed...
A good jobs report, but also another recession red flag
Source: Housing Wire --- Today, the Bureau of Labor Statistics reported that the United States Of America created 431,000 jobs in March. We also had 95,000 positive revisions, and although this was a slight miss of estimates, it continues the solid trend of good job...
Mortgage delinquencies rose for the first time in 9 months. Here’s what that means for the housing market.
Source: Market Watch --- Mortgage delinquencies are on the rise. Indeed, in February, the national delinquency rate rose for the first time in 9 months, largely driven by a 97,000 rise in early-stage delinquencies — or those that were 30 – 60 days past due, according...
NY real estate lawyer who stole millions from clients disbarred
Source: New York Post --- Attorney regulators in New York have disbarred Mitchell Kossoff after the real estate lawyer pleaded guilty in December to criminal charges over his theft of millions of dollars in client funds. Kossoff, the owner of the now-defunct Kossoff...
Real Estate newsletter: The ultimate home-buying guide
Source: Los Angeles Times --- Welcome back to the Real Estate newsletter. We have a big one for you this week. That’s because “The Great SoCal House Hunt,” our all-encompassing, step-by-step guide to buying your first home in Southern California, has published. Not to...
LET’S CHECK IN WITH THE CALIFORNIA REAL ESTATE MARKET
Source: Out Kick --- After nearly two years of working here at OutKick, I tend to think I know what will get you guys to click on a post: Instagram models, California nonsense and real estate prices. Let’s face it, these vices never go out of style, and I’m going...
