Real Estate News & Insights
DeSantis Continues Blasting Florida GOP on Multiple Property Tax Proposals
“There’s not one proposal that would get people excited about,” said DeSantis. Continue Reading DeSantis Continues Blasting Florida GOP on Multiple Property Tax Proposals
National Vacancy and Zombie Foreclosure Rates Decline
The number of zombie properties rose quarter-over-quarter in 21 states and the District of Columbia. Continue Reading National Vacancy and Zombie Foreclosure Rates Decline
New York City’s Housing Shortage Continues
Source: Planetizen --- Writing for New York 1, Emily Ngo highlights the shortage of housing, particularly on the lower end of the market, that is squeezing New York City renters. “In an interconnected New York, market forces and policy, profit and politics all play a...
These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’
Source: MorningStar --- Goldman Sachs economists say they expect rates will 'remain persistently high' The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. "The headwind from higher mortgage...
Hedge Fund Investor Who Called Housing Crash Eyes Venezuela Debt
Source: Yahoo Finance --- A hedge fund manager who correctly timed the crash of the US housing market and a crypto currency rally eight years ago thinks he’s found his next overlooked investment: Venezuelan debt. Bonds the country defaulted on nearly five years ago...
US Housing Market Cooling Off from West to East
Source: Fitch Ratings --- Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation will...
Talking Business: Meet the New York real estate mogul behind some of the area’s hottest properties
Source: NOLA.com --- One of the most successful real estate developers and commercial property owners in the local market is a New York-based investor you’ve probably never heard of: Jeffrey Feil. Among the Feil Organization’s vast holdings are historic Manhattan high...
The housing market is backfiring on home flippers
Source: KSL --- SALT LAKE CITY — The U.S. housing market has turned, and it's starting to backfire on home flippers. Mortgage rates are now hovering around 7%, further straining housing affordability and pricing buyers out of the market. Meanwhile inflation continues...
Chinese homeowners in a rush to clear mortgages early as consumers turn pessimistic over economic outlook
Source: South China Morning Post --- Aki Wang made a resolution on her 35th birthday in June. She vowed to pay off her 25-year mortgage before she turns 40, which will save her close to 1 million yuan (US$140,535) in interest payments. “I pay 5.1 per cent interest on...
October mortgage rates will continue to rise, haunting home buyers
Source: News Nation Now --- (NerdWallet) – Mortgage interest rates are likely to keep on rising in October. Projecting the trend for mortgage rates this month isn’t particularly tricky, but it doesn’t look like there’ll be any treats, either. While we don’t face the...
50 Of The Weirdest Real Estate Listings Shared By “The Best Of Zillow” Twitter Page
Source: Bored Panda --- Real estate listing sites feature plenty of homes for purchase that give us a glimpse into the worlds of architecture and interior design. While most are pretty normal, the Twitter account The Best of Zillow consistently finds some funny,...
Real estate office’s phones ‘exploded’ immediately after Micron announcement
Source: Local SYR --- NORTH SYRACUSE, N.Y. (WSYR-TV) — The day after Micron announced it’s building a $100 billion computer chip manufacturing plant in the Town of Clay, the Howard Hanna real estate office closest to the side “exploded” with phone calls. “When we...
