U.S. Housing Market
Mixed-Use Development in Affluent NYC Suburb Sells for $76.5 Million
The retail aspect of the property is anchored by Whole Foods, Life Time Fitness, Starbucks and Chase Bank. Continue Reading Mixed-Use Development in Affluent NYC Suburb Sells for $76.5 Million
A Phil Hall Op-Ed: Hattie McDaniel’s Fight Against Housing Discrimination
An observance of the 80th anniversary of a housing discrimination fight led by the Oscar-winning actress. Continue Reading A Phil Hall Op-Ed: Hattie McDaniel’s Fight Against Housing Discrimination
Detroit Sues Blockchain Real Estate Firm for Widespread Property Violations
The lawsuit cites Real Token LLC, company owners Remy and Jean-Marc Jacobson, and their 165 affiliated corporate defendants. Continue Reading Detroit Sues Blockchain Real Estate Firm for Widespread Property Violations
New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
The project is being financed through a $57 million construction loan facility from JPMorgan Chase. Continue Reading New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
Report: Active Listings Exceed Pre-Pandemic Levels in 22 of 50 Largest Metros
Denver recorded the largest recovery from the pandemic era with a 100% increase in available homes compared to 2017–2019 averages. Continue Reading Report: Active Listings Exceed Pre-Pandemic Levels in 22 of 50 Largest Metros
Skyrocketing inflation is raising mortgages, putting first homes out of reach
Source: The Hill --- A new report showing inflation rising again in September is just the latest bad news for new homebuyers, who are increasingly seeing the cost of a first home pushed out of their reach. The latest news puts lenders, already on edge amid a grim...
A Housing Crisis Has More Politicians Saying Yes to Developers
Source: New York Times --- For years, elected officials from across the political spectrum in New York City have scored points by attacking a common enemy: Real estate developers. Politicians routinely quashed projects. Some officials argued they were protecting a...
7 tips for answering real estate questions in today’s market
Source: Real Trends --- The state of our current housing market is creating the need for sometimes challenging real estate questions between Realtors and clients. Twenty-five to 75% of all agents are new to the business and have never experienced a change in the...
Home buyers turn to riskier loans as interest rates soar
Source: Click 2 Houston --- HOUSTON – Home buyers feeling financially squeezed by higher interest rates are increasingly being steered by real estate agents and mortgage brokers to potentially riskier types of mortgages, similar to those seen ahead of the 2008...
New factors are influencing the residential real estate market
Source: The Berkshire Edge --- This month, Berkshire real estate professionals have been discussing home inventory, buyer demand and how an environment with rapidly changing mortgage interest rates may impact sales in the months ahead. At the close of the third...
PropTech Sector Sees Growing M&A Interest as Macro Trends Reshape Real Estate Market
Source: William Blair --- Technological innovation is disrupting the residential real estate sector as investors and innovative companies seek to address all parts of the homebuying value chain and improve the experience of both real estate agents and consumers. Key...
Seven Charts Highlight the Strangeness of the Housing Market
Source: Planetizen --- Reporting for Bloomberg, Tracy Alloway and Joe Weisenthal examine the weirdness in today’s unprecedented housing market. “Yes, mortgage rates have shot up, crimping affordability. But at the same time, unlike in the era prior to 2008 and the...
Wraparound Mortgage: What Is It And How It Works
Source: Forbes --- If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase. Buyers may have a better...
Billionaires Have Growing Appetite for Real Estate As Market Slows
Source: Yahoo Finance --- While the world’s wealthiest people earn their money in a variety of ways, many add to their fortunes through investing in real estate, which typically appreciates in value. Tesla Inc. and SpaceX CEO Elon Musk, the world’s richest man, made...
A millionaire landlord has 3 tips for anyone thinking of buying rental real estate right now
Source: Business Insider--- One of my biggest financial goals is to invest in real estate. I've always wanted to own a handful of properties, all around the country, that I rent out to tenants as a way of making passive income. While I'm years away from being in the...
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