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 »
Berg was sentenced to 18 years in prison in Seattle in 2012 after pleading guilty to defrauding hundreds of investors of more than $100 million through the Meridian Mortgage investment funds he ran for nearly a decade. Berg’s exploits were featured in an episode of the CNBC television series, “American Greed” entitled “Seattle Roasted,” and which begins …
At levels like these, “the market effectively ceases to function,” the report’s author Allan Mallach, a city planner and housing advocate, notes. “Houses sell, if they sell at all, only to investors at rock bottom prices while neighborhoods become areas of concentrated poverty, unemployment, and health problems.” The number of vacant homes in the U.S. …
Where Houses (& NPNs) Sell At Rock-Bottom Prices Read More »
The 15 fastest-growing cities (click each for listings) The nation’s fastest-growing cities are mostly far from the ultrapricey tech hubs on the West Coast and the soaring skyscrapers on the East Coast, according to a recently released U.S. Census Bureau report. Instead, about more than half of the 15 cities that saw the biggest population …
Notarize is a public platform allowing any person or business to get their documents legally notarized online. Notarize is also the first company to enable an entirely online mortgage closing process. Notarize has focused efforts around the real estate industry with Notarize for Mortgage and Notarize for Title Agents, enabling real estate professionals to execute a …
More aspiring home buyers are increasingly turning to crowdfunding to drum up money for a down payment. Several new crowdfunding platforms have debuted, such as HomeFundMe and Feather the Nest, to help potential home buyers raise funds to purchase a home or make home repairs. Online registries like HoneyFund include the option of gifting a …
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