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Letter From the Editor- 2.8.23
As I begin my journey as the Editor in Chief of Weekly Real Estate News, I find myself thinking back to the beginning of my career as a writer. Truth be told, I hated writing when I was growing up. I found it to be tedious and boring, and I did not think anyone cared...
DLA Piper’s Trachtenberg: Transaction volume isn’t going to be stale forever
Source: RE Journals --- Law firm DLA Piper recently released its 2022 Year-End Real Estate Trends Report. One of the more interesting findings? Transactional volume handled by DLA Piper’s real estate group soared in the first half of 2022, nearly doubling the volume...
The Influence Of Politics And Policy In The Real Estate Market
Source: Forbes --- When we talk about things that can have a big impact on the real estate market, politics is an important one. A friendly political climate for real estate can make a market grow while an unfriendly one can weaken a market. But what kinds of things...
First five-year fixed mortgage under 4% since mini-budget launched by HSBC
Source: The Guardian --- Five-year fixed-rate mortgages priced at below 4% are back on sale for the first time since just after the disastrous autumn mini-budget. HSBC has repriced its range and introduced a new five-year fix at 3.99% for customers remortgaging who...
A Strong Dollar Has U.S. Buyers Flooding Overseas Housing Markets
Source: Mansion Global --- John and Felicia Magliula are self-acknowledged adventurers, but now that they have two young daughters, they’re settling down. Just not in New Jersey where they grew up. “We decided we wanted to move to the Caribbean and St. Croix rose to...
Mortgage demand to hit 12-year low as high interest rates hammer borrowers
Source: The Telegraph --- Mortgage demand will hit a 12-year low this year as high interest rates pummel borrowers. UK mortgage lending will grow by just 0.4pc in 2023, the slowest rate since 2011, according to economic forecaster the EY Item Club. Anna Anthony, UK...
