Real Estate News & Insights
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
NewDay USA said this new product will allow veterans to “compete like cash buyers and close in as few as 15 days.” Continue Reading NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
As of last month, The Residences at 1428 is 57% presold. Continue Reading JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
What You Need to Earn to Buy a Home in the Largest U.S. Cities
Source: New York Times --- As prices rise, higher mortgage payments follow, and after nearly three years of rapid home appreciation during the pandemic, qualifying for a home loan is more difficult than ever. Today’s buyers also face the additional cost of rising...
Where are home prices in America’s 400 largest housing markets headed in 2023? These 5 charts give us some clues
Source: Fortune --- Nationally, home prices rose for 124 consecutive months between February 2012 and June 2022. Now we’re in reverse: Through September, the seasonally adjusted Case-Shiller National Home Price Index has posted three consecutive monthly declines. In...
How This Technology Will Transform Commercial Real Estate in 2023
Source: Entrepreneur --- 3D digital twins have started to enter the real estate market and vocabulary, slowly moving from technical tools used in the operational processes to a more people-facing role. They become commercial tools of high value that stand as a...
The US housing market faces a ‘triple whammy’ of threats – and stocks may stage a Santa Claus rally, a top strategist says
Source: Insider --- The US housing market is under severe pressure, stocks might stage a year-end rally, and the Federal Reserve probably won't raise interest rates much higher, a leading strategist has said. The NAHB/Wells Fargo Housing Market Index, which measures...
Here’s How Many Homeowners Could Be Stuck With ‘Underwater’ Mortgages in 2023
Source: Yahoo! Money --- Home values are likely to fall next year, and some recent buyers may find themselves in the predicament of being underwater on their mortgages. But experts say most homeowners probably don’t need to worry too much. A new analysis from real...
Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
Source: CNBC --- Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the...
Real estate to Uncle Sam: Help us get office workers back
Source: The Real Deal --- A major real-estate-industry group says the federal government is setting a bad example, and hurting the overall office market, by allowing remote work and reducing its office footprint. The Real Estate Roundtable — which is composed of...
Real Estate Investing For Beginners: 10 Best Stocks To Buy
Source: Yahoo! --- In this article, we will look at the 10 best real estate stocks to buy. If you want to explore similar stocks, you can also take a look at 5 Best Real Estate Stocks To Buy....
Bank of America CEO Issues Dire Warning for Housing Market: Prepare for 2 More Years of Pain
Source: The Ascent --- It's been a really tough go for prospective home buyers since mid-2020. For the past two years and change, the real estate market has sorely lacked inventory. That's driven home prices upward and forced buyers into countless bidding wars. This...
Housing Market Recession: Home Builder Sentiment Tanked Every Month This Year—But There’s Finally A ‘Silver Lining’
Source: Forbes --- Home builder confidence plunged every single month this year as higher interest rates weakened demand in the formerly booming housing market, the National Association of Home Builders reported Monday, but with the Federal Reserve finally starting to...
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