Real Estate News & Insights
Preservation of Affordable Housing to Start First Development in Maine
The Maine State Housing Authority is providing 4% Low Income Housing Tax Credits, along with low-cost construction and permanent loans. Continue Reading Preservation of Affordable Housing to Start First Development in Maine
The Agency Opens First Office in the Florida Keys
This marks the brokerage’s seventh office in Florida. Continue Reading The Agency Opens First Office in the Florida Keys
The value of US homes recorded its biggest six-month drop since 2008
Source: Quartz --- US homes have recorded the largest fall in value since the global financial crisis. In June 2022, US homes were worth a record $47.7 trillion. By the end of the year, they fell by almost 5% to $45.3 trillion. That’s the largest June-to-December...
How a Houston real-estate agent who closed $28 million in deals in 2022 turned her broadcast news layoff into a lucrative new career
Source: Insider --- Before she was a successful real-estate agent closing on nearly $28 million in deals in 2022, Lily Jang was a news anchor for KHOU-TV in Houston. She never would've left the broadcasting world, she told Insider, had the TV station not gone through...
Three New England Markets Experience Sharp Increase in Rents
Three housing markets in the U.S. Northeast are dealing with rent spikes even as the nation’s rental crisis showed signs of moderation in January. Renters in Springfield, Massachusetts paid an average of about $1,615, a year-over-year increase of 14.73 percent...
Fundhomes appoints Ryan Feit as Strategic Advisor
Fundhomes announced that CEO and Founder of SeedInvest Ryan Feit joined their advisory board. Fundhomes is a fractional investing platform for real estate properties where investors can buy shares of individually acquired vacation rentals that are operated on their...
Realogics Sotheby’s International Realty Releases 2023 Forecast Report
Realogics Sotheby’s International Realty (RSIR) released its 2023 Forecast Report, a macroeconomic housing report authored by Pacific Northwest brokerages who have analyzed the trends in 2022, evaluated what's occurred so far in Q1 for 2023 and are focused on where...
Real Estate Investor Sues Broker For $3.35 Million Invested in GHOST THE MUSICAL
A real estate investor is suing a Wells Fargo Advisors broker for $3.35 million, claiming he was encouraged to invest that money into a musical revival of the 1990 film "Ghost", and now the money has vanished. Marko Gnann said that broker Donovan Mannato gave...
US housing market sees $2.3T drop in value, biggest since 2008
Source: Fox Business --- The U.S. housing market suffered the biggest drop in value since 2008 as home prices came crashing down. That's according to a new report from real estate brokerage firm Redfin, which showed that the total value of U.S. homes tumbled from a...
Repayment Terms: Home Equity Loan vs. Mortgage
Source: Investopedia --- Buying a home is one of the most significant investments you can make. For most home buyers, that large of a purchase requires financing in the form of a mortgage. But once you have made your purchase, your mortgage payments start working for...
The Fed’s own economists are ringing the recession alarm – and warning stocks and real estate prices could tumble
Source: Markets Insider --- The Federal Reserve's own economists have just warned the US could suffer a recession this year. They've raised the alarm about stocks and real-estate prices — which they say are aggressively valued and could plummet — and said painfully...
Home Prices Just Hit the Skids: ‘The Balance Is Shifting’
Source: Realtor.com --- The housing market today remains in a hazy no man’s land, with neither buyer nor seller willing to surrender what little control they have. Buyers face the dual enemies of high home prices and mortgage rates, which have been bouncing between 6%...
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