Real Estate News & Insights
Steve Francis Named Charlotte Division President at Tri Pointe Homes
Francis joins the company following a tenure as division president for Pulte Group in Charlotte. Continue Reading Steve Francis Named Charlotte Division President at Tri Pointe Homes
Report: Prosecutor Warns Mortgage Fraud Case Against Sen. Schiff Lacks Viable Evidence
A news report is claiming the Trump administration’s attempt to bring a mortgage fraud indictment against one of its most vocal critics, Sen. Adam Schiff (D-CA), has stalled due to a perceived lack of viable evidence needed to bring the case to trial. MSNBC, sourcing...
REAL ESTATE CEO: RECESSION COULD BE “GOOD” IF “UNEMPLOYMENT … PUTS EMPLOYERS BACK IN THE DRIVER SEAT”
Source: The Intercept --- THE CEO AND president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate...
China’s Overextended Real Estate Sector Is a Systemic Problem
Source: Carnegie Endowment--- After discussing the troubled rural banks in Henan in my previous post, it is important to note that what happened in Henan was not the first adverse credit event to hit the Chinese financial system. It was just the most recent in the...
How to cut the biggest bill of them all . . . your mortgage
Source: The Guardian --- Spiralling energy, food and petrol prices, amid warnings of a recession, mean most households will be thinking about how to keep other costs as low as possible. So what should homeowners do about their biggest monthly outgoing – the mortgage?...
Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011
Source: CNBC --- Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it is the largest single-month decline in prices since...
Housing Market Sees Troubling Sign as Mortgage Lenders Fail
Source: Housing Wire --- Some independent mortgage lenders feeling the brunt of increased lending rates are declaring bankruptcy and have already laid off hundreds of employees in certain instances, in what is being described as the worst shape the housing market has...
9 Top Places for Gen Z To Live and Work Remotely
Source: Go Banking Rates --- Choosing the right place to live is not an easy decision. It can be stressful to weigh the pros and cons of living in different areas and the job and social opportunities different locations feature. You might need to decide if you prefer...
We’re in a ‘housing recession,’ experts say. Here’s what that means for homeowners, sellers and buyers
Source: CNBC --- Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of...
Pivo Wins 2022 PropTech Real Estate Indoor Mapping Solution Award
Source: EIN News --- Smartphone Mount for Real Estate Professionals Simple and Affordable Solution for Creating Better Virtual Tours, Branding, & Visibility LOS ANGELES, CA, UNITED STATES, August 22, 2022 /EINPresswire.com/ -- Pivo, Inc., a global leader of...
$14.9M palatial estate in Connecticut priced to break local record
Source: CNBC --- Hidden behind a stone wall spanning 1,500 feet in one of Connecticut’s wealthiest neighborhoods is a palatial estate with a great room inspired by a Scottish castle. The brick-and-limestone residence, built in 1929, is the most expensive home for sale...
Interest Rate Increases, Inflation, and the Real Estate Cycle
Source: JD Supra --- In the nineteenth century, a musical genre known as the song cycle developed. Consisting of individually complete vocal songs, collectively, a song cycle Composer Franz Schubert’s cycles of German lieder (musical compositions sung by a soloist...
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