The federal government is expanding its effort to catch people and organizations that use all-cash purchases of high-end real estate to launder money. Under the expansion, Honolulu will join several other areas in which title agents are required to report purchaser information for specific transactions. The expansion also adds certain wire transfers to the list …
by Rakshiet Jain, CFA On December 16, 2015, the Federal Reserve decided to raise the target range for the federal funds rate 1/4 to 1/2 percent OR about 0.25%, the first increase in over eight years. Federal Reserve also intends to reduce its balance sheet soon. Have you ever wondered what all this means and …
How The Fed Sets Interest Rates — Impact On Commercial Real Estate Read More »
If a person wants to become a homeowner but lacks the qualifications to qualify for a traditional mortgage, signing a land contract is another option for purchasing property. A land contract is a written agreement between the seller of the property and a potential buyer. Instead of taking out a mortgage and making payments to a …
The income needed to buy a median-priced home in the Bay Area has more than doubled since 2012. That striking bit of news comes from a second-quarter report by the California Association of Realtors. It shows that a minimum income of $90,370 was required five years ago to purchase a median-priced single-family home of $447,970 …
Bay Area real estate: To buy a median priced home, you now need income over $179,000 Read More »
Millennials are now leading the pack of home buyers, and what’s one incentive driving them to take the mortgage plunge? Their dogs. A recent survey conducted by Harris Poll on behalf of SunTrust Mortgage found that 33 percent of millennial home buyers’ decision to buy a home was driven chiefly by their dog. Furry friends …
One Big Reason Millennials Are Buying/Renting Homes? For Their Dogs Read More »
The owners of LoanMLS, the premier online loan exchange platform, have pledged that their company will give $1 million over five years to the Kansas City Startup Foundation. Mike Wrenn and his wife Becky Cole say they believe successful business leaders “should help those just starting, because none of us who are successful started at …
LoanMLS Owners Donate $1 Million To Help Future Entrepreneurs Read More »
Millennials are finding themselves out in the cold because building has slowed, and longer-living baby boomers are staying put, setting up a simmering conflict between the two biggest generations in U.S. history. People 55 and older own 53 percent of U.S. owner-occupied houses, the biggest share since the government started collecting data in 1900, according to …
Baby Boomers Who Won’t Sell Are Dominating the Housing Market Read More »
These days, the price of a San Francisco home can easily top a million dollars. But one savvy investor has bought up a whole street in the city’s most exclusive neighborhood for a mere $90,000. Trouble is, some of the extremely wealthy residents of Presidio Terrace were not aware their street was up for sale …
Street In San Francisco’s Fanciest Neighborhood Sold At Tax Lien Auction; Homeowners Sue Read More »
A historic home in Montclair, N.J., is turning heads with a very tempting list price: $10. The 3,912-square-foot home with four bedrooms and two bathrooms, built in 1906, is one of 500 properties in the area designed by architect Dudley S. Van Antwerp. Historic homes designed by famous architects usually fetch high prices. In fact, …
First American’s proprietary Real House Price Index (RHPI) looks at April 2017 data and includes analysis from First American Chief Economist Mark Fleming on the impact of wages and lower interest rates on real house prices. “Despite the monetary tightening policies of the Federal Reserve, a dip in the average rate for a 30-year, fixed-rate …
What Caused House Prices to Decline for the First Time in 8 months? Read More »
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