Expect more company acquistions in real estate
Duane LeGate Commissions, Inc. CEO Duane LeGate is a humble guy, but a rich one. According to my sources, the sale of of his company to Fidelity Financial went for somewhere in the $250 million range, a hefty price tag for a real estate software company that is only five years old. LeGate’s stake was […]
Mortgage Performance: There is a Comeback of Occupancy Fraud In Reverse
A new twist in mortgage fraud trend Traditional occupancy fraud occurs when mortgage applicants deliberately misrepresent their intended use of a property, typically for more attractive financing terms. Investment properties may have lower maximum loan amounts, higher interest rates and higher fees. These differences may motivate a borrower to falsely claim an investment property will […]
Property Valuation: Effective Age Versus Actual Age
An Important Appraisal Question Have you ever thought about how the components of your home contribute to the age of your home? The roof, siding, trim and windows, how long do they all last? How about the furnace and water heater? While electrical and plumbing fixtures, carpet, vinyl, flooring materials, counter tops and other interior […]
NAR Identifies Top Markets Where Renters Can Afford to Buy
WASHINGTON (August 4, 2016) — The U.S. homeownership rate has slowly fallen in recent years to currently its lowest level since 19651, but new research from the National Association of Realtors® reveals that there are affordable metro areas right now with above-average hiring and a large segment of current renters who earn enough income to […]
Here’s why millionaires are flocking to Florida from New York
CNBC’s Robert Frank reports on what tax incentives are driving millionaires out of New York and into Florida.
CEO of WeWork advisor Perella Weinberg says the office-sharing business is ‘really, really good’
“The core of the business is a really, really good business,” says WeWork advisor Peter Weinberg, whose firm was brought in to help the office-sharing company after it cancelled its IPO.
Homebuilders tap into millennial renters, downsizing empty nesters: Analyst
Stephen Kim, Evercore ISI, and CNBC’s Diana Olick join ‘The Exchange’ to discuss the strength in homebuilder stocks.
Mortgage rates fall further, as buyers rush into the first open houses of 2020
The average rate on the 30-year fixed mortgage fell to the lowest level since October this week, according to Mortgage News Daily.
Weekly mortgage applications fell in the final weeks of 2019, but homebuyers were out shopping
Mortgage application volume fell 1.5% for the last two weeks of the year, according to the Mortgage Bankers Association.
The shortage of homes for sale is getting much worse, even in luxury
December is not the most popular time to list a home for sale historically, but this past December it was particularly unpopular. The supply of homes for sale was 12% lower compared with December 2018, according to realtor.com. The decline was much steeper than the 9.5% annual drop in November. Demand is so strong, that […]
