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The US housing market is severely unhealthy. For example, the US median sold price is up by 9% year to date even though average 30 year fixed mortgage rates have been above 7% ever since late July. Because prices and rates are still very much elevated, housing affordability is very close to an all-time record
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Jasondoiy | Istock | Getty Images Coming up with a large chunk of cash for a down payment is likely the first thing that comes to mind when people think of buying a house one day. But you probably don’t need as much money as
A members-only British brand is coming for upstate New York. Two decades after coming to America, the UK-born private club Soho House — which celebrated its anniversary this week at its New York City location with a party and an intimate poolside musical performance by Lauryn Hill — has announced plans for its first countryside
Apartment rents have been cooling off sharply for several months, and they look like they’re about to go negative compared with a year ago. Rents in August were just 0.28% higher than August 2022, according to real estate tech platform RealPage. Compare that to a year ago, when rents were posting 11% annual growth. With
China’s real estate sector is going in “two directions,” and even though further stimulus is expected, a recovery will not likely happen soon, according to a former advisor to the People’s Bank of China. “The property market right now in China is actually two-fold. It’s actually going into two directions,” Li Daokui, now a professor
Seller Financing for Real Estate Investors Many prospective investors want to purchase their first property, but simply don’t have the cash to finance a deal. Some investors don’t want to involve their credit score, or have other reservations about using traditional financing. Luckily, seller financing is a fantastic alternative. In this video, Natali and I
Creative real estate financing has allowed me to not only build my real estate empire, but it also gave my family a place to live when I couldn’t qualify for a home mortgage. 👉Use coupon code “SUBTO” for 50% off ALL Bill’s Creative Financing training https://www.therealestateroundup.com/my-mentors/ Thursday at 6pm EST, my man Bill Bronchick is
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They say you can never tell that we are in a speculative bubble until it’s too late. Part of the nature of a collapse is that it surprises everyone. This was true in nearly every example throughout economic history. In 2008 very few people were sounding alarm when it came to housing. The common belief
Balkan-Swedish soccer legend Zlatan Ibrahimović — one of the game’s all-time greatest strikers, who retired at age 41 — just sold his one-bedroom condo at the W South Beach. Built in 2009, the ninth-floor pad at 2201 Collins Ave. sold for $2.3 million, just under its $2.4 million ask. It was on the market for
Many Americans are house-rich, at least on paper. Thanks to skyrocketing housing prices, homeowners are now sitting on nearly $30 trillion in home equity, according to the St. Louis Federal Reserve — just shy of the 2022 peak. That’s roughly $200,000 cash per homeowner in equity that can be tapped, which is the amount most lenders
The United States embassy has urged every citizen to leave Haiti “as soon as possible” due to threats of escalating violence. Redacted correspondent Dan Cohen is in Haiti and says that the situation is “calmer than it has been in years, thanks to a truce between various armed groups.” He calls this an attempt to
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