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What the Fed’s December rate hike means for homebuyers and sellers
Source: Fortune --- The Federal Reserve has raised interest rates for the seventh consecutive time this year. This time, though, the hike is smaller: Fed Chairman Jerome Powell announced a half-point increase in the federal funds rate Dec. 14, which is down from the...
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
Source: NPR --- Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to put roots down in Boston. "We just kind of got to that place in our lives where we...
New To Real Estate Investing? Understanding Multifamily Investments (Part 2)
Source: Forbes --- Many new investors in the real estate space are unaware of the myriad opportunities in multifamily, often because they are intimidated by the scale of the investment or they are unaware of avenues they can take. As I mentioned in part one, while...
2022 – What just happened?
Source: MPA Mag --- How would you sum up the year in a paragraph, or even in one sentence? And what’s your outlook for 2023? How will high rates impact your business? These are just a few of the questions Mortgage Professional America (MPA) posed to mortgage experts...
Trump’s Billionaire Neighbor Warned The Economy Was In An ‘Omnibubble,’ He Was Right
Source: Yahoo! Life --- According to Jeff Greene, who turned a $50 million investment into $500 million in 2008 by purchasing credit default swaps on bonds backed by subprime mortgages as the housing bubble burst, the economy is currently experiencing a new asset...
TWO NEW REAL ESTATE PROGRAMS TO SUPPORT CONSTRUCTION AND FILM INFRASTRUCTURE
Source: NJ EDA --- TRENTON, N.J. (December 22, 2022) – The New Jersey Economic Development Authority (NJEDA) Board on Wednesday approved the creation of two new real estate pilot programs – the Film & Digital Media Studio Infrastructure Program and the...
