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This couple live mortgage-free in an incredible shipping container home
Source: MSN --- While they may be durable and budget-friendly, shipping containers aren’t usually considered the most elegant of building materials. But where others might have seen a metal box, one couple saw the bones of a truly unique residence. Undertaking almost...
Wells Fargo Plans Major Retreat From Mortgage Business It Long Dominated
Source: Bloomberg --- Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the US and for a time made the bank the most valuable in the nation. No longer committed to ranking No. 1 in the business,...
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‘SQUEEZED OUT’: Corporate investors swoop into Bartholomew County’s housing market
Source: The Republic --- Corporate investors have squeezed into Bartholomew County’s tight housing market, buying up dozens of homes and turning them into rentals in what analysts say is a nationwide trend that is making it harder for many first-time buyers to find...
Warren Buffett Says Real Estate Is a Lousy Investment: Why He’s Wrong
Source: The Motley Fool --- Buffett is a shrewd investor, but he's off the mark on real estate. Given that he's a billionaire many times over, it's fair to say that Warren Buffett knows a lot about being a successful investor. After all, he's made a name for himself...
Real Estate newsletter: Vineyards, mansions and hideaways
Source: LA Times --- Welcome back to the Real Estate newsletter. This week, we’re heading up and down the coast on a tour of California, taking in a handful of very-different-yet-still-all-incredibly-photogenic properties on the market. Our first stop takes us to wine...
Make the math of rental real estate add up for you
Source: Florida Today --- Q: What do you think about owning single family home rental real estate vs. investing in the stock market? A: I have seen several families do well with rental real estate, but only by owning several properties over many years (if not...
US real estate market may be cooling, depending on who you ask
Source: ABC News --- Just a few months ago, the real estate market was favorable to people selling homes. The amount of buyers was increasing, the number of listings were down and interest rates were dropping, it seemed, across the country. Now, brokers are saying the...
Guess How Many of Us Hope for a Housing Crash
Source: The Street --- With home prices and mortgage rates soaring, it would seem that something has to give. So it may not surprise you to learn that 78% of Americans expect a housing-market crash, according to a study by Consumer Affairs, a consumer information...
The Great Real Estate Tumble Of 2022
Source: Forbes --- “A 1970s Type of Housing Market is Possible in Future” We now have a “Triple Whammy” in 2022. In addition to the stock & bond market’s volatile woes, housing just delivered it’s worst two month hit since 2008 and wiped out over a year’s worth of...
Barings to buy Australian private equity real estate firm Altis
Source: Reuters --- HONG KONG, Aug 11 (Reuters) - U.S. asset manager Barings has signed a share sale agreement to acquire 100% of Altis Property Partners, an Australian private equity real estate firm, Barings announced on Thursday without disclosing the deal price....
Mark Cuban: Buying real estate in the metaverse is ‘the dumbest’ idea ever
Source: CNBC --- Buying digital land in the metaverse may not be the best use of your money, according to billionaire investor Mark Cuban. Although Cuban is a well-documented cryptocurrency enthusiast, he called purchasing virtual real estate in the metaverse “the...
City’s budget forecast includes $42.7 million increase in property taxes
Source: Chicago Sun Times --- Chicago property taxes will rise by $42.7 million — half of what an automatic escalator allowed — thanks to a $127.9 million budget shortfall for 2023 that’s the lowest in recent memory, Mayor Lori Lightfoot said Wednesday. By exercising...
In this state, seniors can now freeze their property taxes — here’s how
Source: Market Watch --- A new property tax relief law went into effect this week in Maine, which could be a boon for seniors in the nation’s oldest state that also has the fourth-highest homeownership rate. Under the “Property Tax Stabilization Program,” seniors who...
Zillow’s back in the seller leads business with Opendoor partnership
Source: Real Trends --- Last week, former rivals Opendoor and Zillow announced a partnership to provide Opendoor’s instant cash offers to Zillow’s audience. Why it matters: This is a big move for both companies. It reaffirms the continued relevancy of iBuying, gets...
Dual Agency Is Illegal In Some States: Explained
Source: Quicken Loans --- You want your real estate agent representing your best interests, fighting to get the lowest sales price if you are buying a home or the highest if you are selling one. But what if you’re selling your home and your real estate agent is also...
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Mortgage Information
Wells Fargo Plans Major Retreat From Mortgage Business It Long DominatedAugust 15, 2022
Tough market: Rising mortgage rates making home buying harderAugust 14, 2022
US real estate market may be cooling, depending on who you askAugust 14, 2022
Average mortgage debt rose 14% over the past 5 yearsAugust 13, 2022
Real Estate News
Will Climate Change Concerns Impact Real Estate Investment Strategies?
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https://wrenews.com/?post_type=project&p=16497
Will Climate Change Concerns Impact Real Estate Investment Strategies?
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https://wrenews.com/?p=16504
This couple live mortgage-free in an incredible shipping container home
#realestate
https://wrenews.com/?p=16492