Real Estate News & Insights
Flyhomes to Close Real Estate Brokerage, Focus on Wholesale Lending
The company announced it will transition its real estate agents to another brokerage platform. Continue Reading Flyhomes to Close Real Estate Brokerage, Focus on Wholesale Lending
Former Fed and Treasury Leaders File Amicus Brief Backing Lisa Cook
A bipartisan collection of former Federal Reserve chairpersons, Treasury Secretaries and White House economists have filed an amicus brief with the US Supreme Court asking that Lisa Cook remain as a Federal Reserve governor while she fights the White House's effort to...
Unique affordable-housing program allows Department of Hawaiian Home Lands tenants to buy rentals
Source: Star Advertiser --- A state agency is duplicating a successful pilot program in which low-income Native Hawaiians became homeowners 15 years after their affordable rental housing became available for purchase.
For affordable housing, construction needs modernization
Source: Star Tribune --- President Joe Biden's idea to generate more affordable housing by tying federal infrastructure moneys to states' progress in reforming zoning and land use regulations is a good one. Elimination of certain types of exclusive zoning has the...
This Isn’t A Housing Bubble — And That’s The Problem
Source: Housing Wire --- Last year, during the throes of COVID-19, I expended many words arguing that the U.S. economy would be OK despite the dark period we were in. We just needed patience. We aren’t in a housing bubble. Today we are enjoying the most remarkable...
Supply of homes for sale fell by almost 30 percent year on year, the largest amount on record
Source: NBC News --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
Large corporate landlords have filed 10,000 eviction actions in five states since September
Source: NBC News --- In early September, Cristina Velez lost her job running the staffing team on a Covid-19 treatment trial. Faced with a $2,440 rent bill on the Boca Raton, Fla., home she shares with her daughter, Velez began calling her landlord, Progress...
Do buyers stand a chance in this heated real estate market?
Source: OC Register --- I read with great interest last week, Leslie Eskildsen’s column on a relatively new residential listing class known as Registered Status. If your unfamiliar – as was I – here are the Clif notes. A seller hires a broker to sell his house by...
More than 600,000 Latinos bought a home with a mortgage in 2020
Source: Scotsman Guide --- Over 600,000 Latinos bought a home using a mortgage in 2020, an increase of 13% from the previous year. That’s according to the 2020 State of Hispanic Homeownership Report, released this week by the National Association of Hispanic Real...
New home sales battle: mortgage rates vs. lumber supply
Source: Housing Wire --- Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous...
U.S. Home Prices Surge Most Since 2006 With Tight Inventory
Source: Bloomberg --- U.S. home prices soared the most in 15 years, with low mortgage rates and a scant inventory of properties to buy fueling a tight housing market. Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 12% in February from...
FHFA releases new refi option for low-income borrowers
Source: Housing Wire --- Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by...
