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Why are margins shrinking and what impact has this had on business?
Source: MPA --- Three mortgage presidents gather to discuss the state of the market
New York real estate pioneer Eugene H. Webb dead at 102
Source: Real Estate Weekly --- Eugene H. Webb, the co-founder and chairman of one of Harlem’s most successful real estate brokerage firms, has died at the age of 102. Born in Red Level, Alabama, on November 24, 1918, during the Spanish Flu pandemic that killed 500...
Single-Family Rental Growth Rate in U.S. Doubles Annually in April
Source: The World Property Journal --- CoreLogic's latest U.S. Single-Family Rent Index (SFRI) shows a national rent increase of 5.3% year over year in April 2021, up from a 2.4% year-over-year increase in April 2020. While rent growth dipped significantly last April...
Foreclosure Starts Grow Again in the U.S.
Source: The World Property Journal --- Based on ATTOM's May 2021 U.S. Foreclosure Market Report, there were a total of 10,821 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- down 8 percent from a month ago but...
REBNY launches summer intern program
Source: Real Estate Weekly --- The Real Estate Board of New York (REBNY), the City University of New York (CUNY) and Project Destined announced the launch of their 2021 summer internship program in commercial real estate. The program provides CUNY undergraduate...
Virtual real estate plot sells for close to $1 million
Source:KFGO --- A patch of virtual land in the blockchain-based online world Decentraland sold for more than $900,000 on Thursday, in a record purchase for the platform, the Decentraland Foundation said. In Decentraland, ownership of virtual land is bought and sold in...
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