W. J. Mencarow

New Home Sales Decline For First Time Since February

Published by FOX Business | July 26, 2023 Sales of new U.S. homes fell in June for the first time in four months, suggesting that high mortgage rates and limited supply are continuing to sideline would-be buyers. New single-family home purchases tumbled 2.5% to a seasonally adjusted annual rate of 697,000 units, the Commerce Department reported Wednesday. …

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Home Sales Drop While Prices Surge Near Record High

Published by REALTOR.com | July 20, 2023 Existing-home sales slowed again last month, but aspiring home buyers continue to face competition for limited inventory. Existing-home sales continued to retreat in June as the housing market faces a crushing inventory shortage. But high buyer demand is still evident as home shoppers bid up prices. The median …

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Only a Tenth of Mortgages Have an Interest Rate Above Six Percent

Published by REALTOR.com | July 17, 2023 Mortgage rates are inches away from 7%—but less than a tenth of U.S. homeowners have a home loan at that rate. Only nine percent of all existing mortgages in the U.S. were taken out with a rate of above six percent, according to data from the Federal Housing …

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Forbes: Optimizing The Capital Stack In Today’s Market

Published by Forbes.com | July 15, 2023 The capital stack in a real estate investment includes common equity from a sponsor or general partner and preferred equity from limited partners and investors. Once you’ve found a great real estate investment opportunity, it will be time to raise capital for the transaction. This step typically involves structuring …

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Property Developer Reveals California City Where investors Could ‘Make A Killing’

Published by FOX Business | July 15, 2023 Post Brothers CEO Michael Pestronk outlines why he believes San Francisco provides a huge opportunity for investment despite economic and social struggles. While dozens of businesses have joined an exodus from San Francisco, one property developer says the California city is ripe with “opportunities.” “We’re looking for opportunities in …

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Amazingly, 2023 Is Not the Most Unaffordable It’s Ever Been To Buy a Home

Published by REALTOR.com | July 10, 2023 Buying a home today might seem like the most unaffordable it’s ever been. However, the baby boomers had it worse. Yes, we’ve all heard it. Buying a home today might seem like the most unaffordable, and therefore impossible, it’s ever been. Home prices are near record levels, pushed up by …

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New York City Free Market Multifamily: Pocket Of Strength Amid Regulations, Lack Of Housing

Published by Forbes.com | July 5, 2023 Over-regulation and the systemic lack of new housing in New York City have created an opportunity for investors in free-market multifamily assets. The following is an excerpt. Click the button at the bottom to read the full article. Over-regulation and the systemic lack of new housing in New …

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Housing Affordability Plummets to Lowest Level Since 2007 As Prices Jump

Published by FOX Business | July 5, 2023 Home prices jump in 98% of U.S. counties as affordability plummets Housing affordability in the U.S. declined again in the spring as home prices surged nationwide, according to new data from real estate analytics firm ATTOM. The findings show the price of a median single-family house surged to $350,000 …

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Breitbart: The Housing Market Declares Independence from the Fed

Published by Breitbart News | July 3, 2023 It’s not exactly a self-evident truth, but it is a data-evident truth: the U.S. housing market is recovering. Construction spending on single-family homes rose for the first time this year in May, data released by the Commerce Department showed on Monday. This was not just a tick …

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