W. J. Mencarow

Goldman Sachs: These 4 Cities Will Suffer a 2008 Crash in Home Values

Published by The New York Post | January 24, 2023 As interest rates continue to skyrocket, home prices across the country have continued to plummet — and Goldman Sachs says the declines will only worsen and extend through 2023. In a note to clients earlier this month, Goldman Sachs forecasted that four American cities in particular …

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Poll: 1 in 4 Millennials Say Parents Cover Their Rent

Published by Breitbart News | January 27, 2023 Roughly a quarter of millennials say their parents cover their rent, and 35 percent of U.S. adults say their parents still pay for at least one of their bills, a new poll found.  The New York Post reported on the survey Friday, which was conducted with 2,000 Americans by OnePoll …

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Why The Renters Bill Of Rights Won’t Help Much

Published by Forbes.com | January 25, 2023 A set of principles may be good in concept, but they don’t come close to addressing the big problems of skyrocketed rents or the imbalance of power between landlords and tenants. The Biden administration released its promised game plan to “protect renters and promote rental affordability.” The accompanying White House Blueprint …

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New York Legislature Gives Lenders A New Way To Screw Up Foreclosures

Published by Forbes.com | January 16, 2023 In an attempt to correct perceived abuses, the NY legislature may have made the foreclosure process even worse. Between Christmas and New Year’s Day of 2022, New York’s Governor signed legislation designed to correct an alleged potential for “abuse” of the foreclosure process by mortgage lenders. The context …

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Wells Fargo Is Backing Out Of The Mortgage Market – What Does It Mean For Homebuyers?

Published by Forbes.com | January 11, 2023 Wells Fargo will not make any new mortgage loans to white people who are not already customers. They’ll be focusing on providing mortgages to those in minority communities. One of the three biggest mortgage lenders (and once holding the number one spot) in the United States, Wells Fargo, …

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Texas, Florida, Carolinas Among Most Moved To States in 2022

Published by FOX Business | January 14, 2023 Moving companies say some hot spots are Texas, Florida, and the Carolinas. It’s a trend that’s continued since the pandemic; many Americans are moving to a different state. Moving companies say some hot spots are Texas, Florida, and the Carolinas. One moving company says retiring Baby Boomers are …

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Home Price Growth Is Cooling Fast—Does It Spell a Big Break for Homebuyers This Year?

Published by REALTOR.com | January 12, 2023 December brought good tidings to homebuyers in the real estate market. Nationally, median home list prices dropped about 11% from their peak over the summer to hit $400,000 in December, according to a recent Realtor.com® report. While prices were still up by about 8.4% year over year in December, …

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9 U.S. Cities Where Rent Prices Are Finally Falling

Published by REALTOR.com | January 9, 2023 While Realtor.com economists predict that, nationally, rental prices will continue climbing in 2023, they expect the days of double-digit hikes are likely over. The rental market appears to have hit an inflection point—and not a moment too soon for many Americans who have been squeezed tight by record-setting price …

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A Record Share Of Home Sellers Gave Concessions To Buyers In The 4th Quarter

Published by Forbes.com | January 5, 2023 Concessions have made a comeback as rising mortgage rates, inflation and economic uncertainty have dampened home-buying demand In a key sign that the tide is turning in favor of home buyers, sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter—the highest share of any …

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