Housing-market distress is at its lowest in at least 20 years — can it hold?
Since the housing crisis has been thwarted, lending and regulatory authorities have been hard on their associates so as to never recreate a situation of the likes of what has ensued in mid last decade. This has made it so…
Weekly mortgage applications fall 2.4% as consumers shrug off low rates
For the previous several weeks, mortgage demand has been more than muted even as prices sit near two year lows. According to the Mortgage Bankers Association’s seasonally adjusted index, the mortgage application volume dropped 2.4% for the last week. The…
In Dallas’ ‘Outer Ring’, Real Estate Deals Abound
“Outer ring” is called by them. That otherworldy name refers to a compilation of far-flung previous prairie towns surrounding Dallas, which are quickly morphing into exurban boom towns made up of comparatively reasonably priced homes. The ring extends from Tarrant…
Aaron Spelling’s mansion sells for $120M — setting California real estate record
A huge mansion in Los Angeles built in 1991 for today’s late producer Aaron Spelling and his wife sold for $ 119.75 million. It is the highest price paid for a home in Los Angeles County, according to the Los…
No, it’s not just you, New Yorkers and San Franciscans: Urban housing markets all over the world have grown way too expensive
Consider a modern city, loved by tourists and home to a thriving economy and a lot of industry. Your property market is starting to feel a bit tense. As one academic who grew there said, “the prices here began to…
Chicago’s weak housing market carries an upside
Weak house prices offer a potential boost to Chicago to compete against other metropolitan centres around the world. A new study conducted by Demographia, the study looks at house prices. As the growing paces of house prices are slow in…
Marcus Investments expands real estate fund to $80 million
Marcus Investments LLC has expanded the size of the real estate fund it is currently raising to $ 80 million, the company said in a recent filing with the SEC. Marcus’ family office in Milwaukee planned to raise $ 60…
Soaring Manhattan real estate sales could be a mirage
Sale of real estates in the state of Manhattan experienced a rise for the first occasion in over one and a half years, however this rise is unlikely to stay around for long by any means. The sales volumes for…
Chinese buyers pull out of US real estate
The biggest consumers of New York based assets used to be majorly the Chinese. But it is not the case any longer. There has been a steep decline in the purchases made by Chinese buyers in past few years, partly,…