W. J. Mencarow

San Francisco Pushes Forward on Single Home Ban, Denser Neighborhoods

Uncategorized / By

Published by Breitbart News | June 29, 2022 San Francisco Board of Supervisors narrowly passed legislation Tuesday to eliminate single family home zoning, which will allow fourplexes on every neighborhood lot and six units on corner properties. But even the advocates for denser neighborhoods in the name of affordable housing and social justice are worried …

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JPMorgan’s Mortgage Business Lays Off, Reassigns Hundreds of Employees as Rates Climb

Economy, Interest Rates, Mortgages / By

Published by FOX Business | June 22, 2022 Average 30-year, conventional, fixed-rate mortgage hit 5.23% in May: Freddie Mac JPMorgan Chase’s mortgage business has become the latest casualty of layoffs as the Federal Reserve’s efforts to tame scorching-hot inflation send rates higher and dampen housing demand. A source familiar with the matter confirmed to FOX Business …

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EXPERT: Recession Could Lead to Decline in Home Prices

Economy, Mortgages / By

Published by FOX Business | June 21, 2022 Sales of existing homes slowed for the fourth straight month, according to the National Association of Realtors Chief Economist at Redfin Daryl Fairweather argued that a recession could coincide with a decline in home prices as prices continue to climb even while data reveals that sales have slowed. …

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Housing Starts Collapse in May As Inflation and Soaring Interest Rates Hit Hard

Economy, Interest Rates / By

Published by Breitbart News | June 16, 2022 The pace of new home construction crashed 14.4 percent in May, according to the Commerce Department, as higher interest rates and high home prices drove away buyers and depressed home builder sentiment. Housing starts fell to an annual rate of 1.55 million and permits fell to 1.7 …

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Landlords Ready War Chests to Buy in Cooling U.S. Housing Market

Rental Property / By

Published by Bloomberg | June 13, 2022 Rental companies see potential discounts ahead from homebuilders as higher mortgage rates sideline regular buyers. ———————————————————————————————————— Single-family landlords are eyeing opportunities in the slowing U.S. housing market, betting that lower demand from consumers will lead builders to offer discounts. American Homes 4 Rent, the third-largest single-family landlord, is …

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Rent Prices Surge Nationwide in May, Texas City Hit Hardest

Economy, Rental Property / By

Published by FOX Business | June 10, 2022 Austin, Texas, saw rent prices surge nearly 50% while Nashville, Seattle saw prices climb 30% The median monthly asking rent nationwide exceeded $2,000 for the first time in May, according to recent Redfin data. Last month, median asking rent rose 15% from a year ago, reaching a record $2,002, the …

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