Real Estate News & Insights
Hits and Misses for the Real Estate Week of Sept. 22-26
Fewer homes on the market, a stalled wind energy project gets reanimated, and an ancient Roman stadium is unearthed. Continue Reading Hits and Misses for the Real Estate Week of Sept. 22-26
Sen. Warren Accuses FHFA’s Pulte of Weaponizing Mortgage Fraud Probes
Warren requested information, documents, and communications from Pulte regarding his mortgage fraud investigations by Oct. 8. Continue Reading Sen. Warren Accuses FHFA’s Pulte of Weaponizing Mortgage Fraud Probes
Fed official says another boom-and-bust housing market is not sustainable
Source: Market Watch --- Eric Rosengren, the president of the Boston Fed, expressed concern over the housing market in an interview with the Financial Times, and it comes as data shows house prices soaring. The median price for an existing home sale skyrocketed 24% in...
End to COVID-19 hotel housing for homeless raises worries
Source: Yahoo News--- Everyone on the streets knows “Sir Charles," the skinny guy with the saxophone, sunglasses, felt hat and megawatt smile. At a gig this week at the iconic Elbo Room beach bar, he danced with a soda in his hand as the bouncers teased him, the...
Los Cabo’s Luxury Real Estate Market Is Reaching New Heights
Source:Yahoo News --- Los Cabo’s Luxury Real Estate Market Is Reaching New Heights In Mexico’s famed beachy paradise destination, these seven upscale communities boast everything from lush gardens to scuba diving
Florida Real-Estate Investor Has Huge Week With Nearly $99 Million in Property Sales
Source: The Wall Street Journal --- Hot on the heels of a $44 million deal to sell a pair of Bal Harbour, Fla., properties to WeWork founder Adam Neumann, Florida investor Joseph Imbesi has made another major sale. Mr. Imbesi closed on a nearly $55 million deal to...
No Immediate Relief From Skyrocketing Home Prices
Source:Forbes --- Looking to buy a house, but think house prices are going crazy? You’re not wrong. Housing prices are rocketing upwards across the country, showing their biggest annual gain since 2005. Existing homeowners are adding to their housing wealth, while...
U.S. Existing-Home Prices Hit Record High in May
Source: The Wall Street Journal --- U.S. home prices in May experienced their biggest annual increase in more than two decades, as a shortage of properties and low borrowing rates fueled demand. The median existing-home sales price in May topped $350,000 for the first...
Nonbank Lenders Are Dominating the Mortgage Market
Source: The Wall Street Journal --- Americans took out more mortgages than ever before in 2020. Most of them didn’t come from banks. Nonbank mortgage lenders in the U.S. issued 68.1% of all mortgages originated in 2020, up from 58.9% in 2019, according to industry...
The US is short 6.8 million homes, National Association of Realtors says
Source: Business Insider --- Decades of chronic underbuilding left the US housing market with a colossal gap between consumer demand and nationwide supply, according to a new report from the National Association of Realtors. Home sales surged to a breakneck pace after...
Existing Midstate home sales have dropped again; real estate market cooling off
Source: ABC 27 --- Soaring prices and limited available properties are discouraging many would-be buyers in the latest real estate market.
Colorado home sale breaks real estate record by $25.5 million, according to report
Source: Out There Colorado --- A home sale in Aspen, Colorado is going viral, thanks to an unbelievably high closing price of $72.5 million. According to a report published by Aspen Daily News, not only is the sale of a mansion and guest house on Willoughby Way the...
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