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 …
SAN FRANCISCO — For $1,200 a month, Patricia Torres and her family were renting a bedroom, a share of time in the bathroom, one vegetable drawer and one shelf in the fridge, and two cupboards over the stove. They rented not so much a home as a fraction of one. Karen Calderon had even less: a …
A Newport Beach couple were charged Wednesday with multiple felonies after authorities alleged they stole more than $5.9 million in a real estate fraud scheme and laundered the money to purchase a luxury car and invest in a winery. Ronald Cedric Touchard, 59, faces 54 counts of money laundering, three counts of grand theft and …
Newport Beach couple charged with stealing $5.9 million in real estate fraud scheme Read More »
Three bedrooms, one bathroom, newly remodeled and it’s renting for just $600 a month. Sound too good to be true? It is. And the people who actually live in this Pensacola, FL home are furious. Rhonda Trafford first learned about the Craigslist post on Monday, after a woman knocked on her front door inquiring about …
“Mortgage rates so far in 2018 have had the most sustained increase to start the year in over 40 years,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “Through May, rates have risen in 15 out of the first 21 weeks (71 percent), which is the highest share since Freddie Mac began tracking …
Mortgage Rates Rising At Pace Not Seen In Almost 50 Years Read More »
Powered by WishList Member - Membership Software
