What is actually happening with real estate and home prices? Apparently, you have been lied to by the experts! Real estate and home prices are currently doing the exact opposite of what they forecast, and now prices are going back up! You need to look at the broader economic trends, the stuff no one else
Blaine, Minnesota. Brand new townhomes for sale with new construction financing and a builders credit of $4,500 to attract new buyers. Michael Siluk | Universal Images Group | Getty Images Mortgage interest rates pulled back last week after jumping sharply to start July. That lit a fire under refinance demand but did little to help
The Central Park South home of the late psychologist and artist Dr. Caren Nederlander, whose first husband was 90-year-old Broadway baron Robert Nederlander, has hit the market for $6.25 million, Gimme Shelter has learned. The residence is on the 19th floor of the Hampshire House, a jewel of Central Park South, and it sits front
The U.S. housing market is in historic turmoil. Years of rock bottom interest rates, then the pandemic, and now an unprecedented cycle of tightening by the Federal Reserve that is likely not over yet, have left buyers and sellers in difficult spot. Prices have begun to level off or decline in many areas in response
NATO will fast-track Ukraine’s membership process by skipping one of the two application steps. This does not mean Ukraine will be admitted to NATO soon but it does move up the timeline. The process to be skipped is called Membership Action Plan (MAP). It is more or less a checklist for what NATO wants from
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Commercial real estate values have already dropped 11% in the last year, with some properties selling for a 90% loss. This commercial real estate collapse is going to cause problems for the US Banking Sector. Banks in America today hold nearly $3 trillion in Commercial Real Estate Debt. That’s twice as much as what Subprime
Builder sentiment in the market for single family homes rose one point in July to 56, according to the National Association of Home Builders/Wells Fargo Housing Market Index. It marks the seventh straight month of gains and the highest level since June 2022. A reading above 50 is considered positive sentiment. Builders say low supply
It was a usual Friday morning, on July 14, for real-estate agent Jeffrey St. Arromand — until he received an alarming phone call from one of his clients in hysterics over what she had just heard on the news. The suspected Gilgo Beach serial killer, who was allegedly responsible for a series of haunting murders on
Michael Barr, vice chair for supervision of the board of governors of the Federal Reserve, testifies during a House Committee on Financial Services hearing on Oversight of Prudential Regulators, on Capitol Hill in Washington, DC, on May 16, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve’s top banking regulator expressed caution Tuesday
The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images China Evergrande Group posted a combined loss of $81 billion in its long overdue earnings report late on Monday. The world’s most indebted property developer fell into
Is Biden being pushed out of office?
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