Subscribe to Email News Updates
Opendoor’s iBuyer Model Is a Canary in the Economic Coal Mine
Source: Wired --- OPENDOOR IS TAKING a pounding. Forty-two percent of the homes it sold in August made a loss, according to an analysis by market research firm YipitData. In places like Phoenix, Arizona, where cookie-cutter houses have attracted so-called iBuyers en...
Housing is slumping, but this real estate CEO explains why it’s not 2008 all over again
Source: CNN Business --- New YorkCNN Business — Mortgage rates are soaring. And for many prospective home buyers, especially first-time purchasers, the combination of rising home loan costs and still sky-high real estate prices make the idea of purchasing a home...
Biden’s Fight Against Inflation Is Failing Homeowners
Source: Washington Post --- The causes of inflation can be hard to isolate, but in the US at least, one culprit is clear: President Joe Biden and congressional Democrats spent too much in the last two years, and even now refuse to take steps that would ease the...
House hunters on the ‘demoralizing’ process of buying a house in a crazy market. One listing had 30 offers — and sold for $85,000 above asking.
Source: Market Watch--- First, they had to battle the pandemic-induced buying frenzy. Now, potential home buyers are struggling with sky-high mortgage rates. Between the start of the summer and into the fall, there’s a “day and night difference,” Riddish Kankariya,...
New Study Finds Majority of U.S. Markets Favor Sellers
Source: DS News --- The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month's Knock Buyer-Seller Market Index, sellers have the upper hand remaining in...
A real estate agent data breach would be devastating for renters. They collect too much personal information
Source: The Guardian --- Thanks to Optus, millions of people are now acutely aware of what can happen when companies don’t take privacy and security seriously. But telcos aren’t alone in collecting and storing too much of our personal information. The real estate...
Recent Posts
Texas Realtor Opens Garage Door and Falls Into a 5-Foot-Deep Hole- Ex-Massachusetts State Police Sergeant Receives Probation for Loan Fraud Ti…
- Florida’s Fraternal Order of Police Opposes Property Tax Amendment
- Paul Chung Joins SJP Properties as Head of Acquisitions
- NYC Median Asking Rent Hits New Record High
