Real Estate News & Insights
Florida’s Fraternal Order of Police Opposes Property Tax Amendment
“Public safety should never become collateral damage with uncertain fiscal consequences,” said the organization. Continue Reading Florida’s Fraternal Order of Police Opposes Property Tax Amendment
Paul Chung Joins SJP Properties as Head of Acquisitions
Chung was previously head of acquisitions at Quinlan Development Group. Continue Reading Paul Chung Joins SJP Properties as Head of Acquisitions
California Housing Affordability at Highest Level in 4 Years
A minimum annual income of $204,800 was required to make the monthly payment of $5,120 on a 30-year fixed-rate mortgage at 6.24% in California. Continue Reading California Housing Affordability at Highest Level in 4 Years
New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
“The near-term rent growth outlook was maintained after modest first-quarter rent trends fell in line with expectations,” said Grant Montgomery, national director of multifamily analytics at CoStar Group. Continue Reading New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
Mortgage Rates Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. Continue Reading Mortgage Rates Up for Second Straight Week
Home Equity Rates Declined in Q1
ATTOM defined equity rich as the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value. Continue Reading Home Equity Rates Declined in Q1
Urban Construction Accounted for 11% of New Q1 Listings
Seven metros had a majority of their new construction listings in urban ZIP Codes in the first quarter. Continue Reading Urban Construction Accounted for 11% of New Q1 Listings
Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
The dollar volume of loans originated for investor-driven lenders increased by 133% year-over-year. Continue Reading Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
New Index Tracks Immigrant Absorption Impact on Canadian Housing and Economy
“This index is our first public attempt to measure immigration absorption capacity in a transparent, benchmark-driven way,” said Kamal Deep Singh, founder of Immigration News Canada. Continue Reading New Index Tracks Immigrant Absorption Impact on Canadian Housing and Economy
Cory Perkins Named President of Integrated Services at Compass
Perkins was previously chief of staff to Compass Chairman and CEO Robert Reffkin and senior vice president of integrated services. Continue Reading Cory Perkins Named President of Integrated Services at Compass
Real Estate Investor Sentiment at 3-Year Low
The 14-point drop to an index score of 87 was also the first time that all four elements analyzed in the index declined quarter-over-quarter. Continue Reading Real Estate Investor Sentiment at 3-Year Low
FHFA’s Pulte Predicts Fed Gov. Lisa Cook Will be Indicted for Mortgage Fraud
Pulte also insisted that politics did not play a role in his criminal referral. Continue Reading FHFA’s Pulte Predicts Fed Gov. Lisa Cook Will be Indicted for Mortgage Fraud
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