Federal authorities announced Monday that an investigation resulted in 74 arrests of people in the U.S. and overseas who allegedly took part in schemes to intercept wire transfers from businesses and individuals, including in real estate transactions. Federal authorities seized nearly $2.4 million and recovered about $14 million in fraudulent wire transfers. One way it …
Fewer homeowners are falling behind on their mortgage payments. Only 4.3 percent of mortgages in March were in some stage of delinquency (30 days or more past due, including those in foreclosure), according to the Loan Performance Insights Report, released Tuesday by CoreLogic. The March foreclosure inventory rate—which reflects the share of mortgages in some …
Mortgage Delinquencies Fall to 11-Year Low — Each State’s Stats Read More »
The city council of Seattle has declared itself to be the decider of what speech is or is not allowed. When it comes to trying to rent out an apartment in that city, you’ll have to make sure your methods of marketing your investment property are approved by the judges of the modern Seattle Star Chamber. Here’s …
Seattle City Council Tries To Silence Free Speech of Landlords Read More »
By Daniel Greenfield Two or more sides disagree on who runs the country. And they can’t settle the question through elections because they don’t even agree that elections are how you decide who’s in charge. That’s the basic issue here. Who decides who runs the country? When you hate each other but accept the …
As the cryptocurrency craze shows no sign of slowing down, people remain curious about how they can leverage cryptocurrencies and related technologies in the housing and real estate industries. In addition to an increase of cryptocurrencies being used in real estate transactions, more companies and real estate professionals are now incorporating blockchain technology, the ledger tech that cryptocurrencies use, in …
Are cryptocurrencies coming to real estate transactions? Read More »
Midland, Texas is the hottest housing market in the nation for the second month in a row, according to data from Realtor.com, knocking California heavyweights like Los Angeles and San Francisco from their traditional perches atop the thermometer. The report also indicates spillover demand in more affordable metros. Seven Midwest metros made it in the top 20, …
Midland, Texas is the hottest housing market in U.S. Read More »
Acting Director of the Consumer Financial Protection Bureau (CPFB) Mick Mulvaney (also Office of Management and Budget director) is no fan of the agency that he runs, having called it a “sick, sad joke” and “essentially a one-person dictator[ship].” The CFPB, a brain-child proposed by left-wing Harvard professor Elizabeth Warren as far back as 2007, …
Mulvaney Drains Part of the Swamp by Firing 25 CFPB Board Members Read More »
Vacant buildings—especially ones that stretch through blocks of neighborhoods—have reached “epidemic levels” in some cities, according to a new report by the Lincoln Institute of Land Policy titled “The Empty House Next Door.” Formerly industrial cities in the Rust Belt are seeing the highest levels of what researchers call “hypervacancy.” Hypervacancy consists of blocks and …
Rising home prices and interest rates have increased the monthly payment on a median-priced home purchased with a 20 percent down payment by $150/month Recent income growth – though better than long-term norms – has not been sufficient to keep up with rising rates and prices Affordability is still better than long-term averages across much …
An acute shortage of affordable homes in the U.S. will continue over the coming year, according to a majority of property market analysts polled by Reuters. The shortage is driving prices up faster than inflation and wage growth. Annual average earnings growth has remained below 3 percent even as house price rises have averaged more …
US house prices predicted to rise 2x inflation and wages Read More »
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