Mortgage rates will remain stable for the next two and a half years, predicts an economist from the Mortgage Bankers Association. But the national housing shortfall continues to be a problem primarily because of the lack of building sites, according to the Urban Institute. Source: click here
If you’ve ever tried to fit useable furniture into a small space, you know it’s a struggle. But with housing affordability remaining challenging and more people considering moving into smaller homes and studio apartments, Ikea may be able to help out. The Swedish furniture and home furnishings giant just unveiled an all-in-one, transforming piece of robotic furniture […]
Retired NY Yankees slugger Alex Rodriguez, affectionately known to fans as “A-Rod,” has bought a 21-unit rental building in the East Village, an iconic Manhattan neighborhood in New York City. And that’s just the start of A-Rod’s NYC real estate ambitions, according to The New York Post, which first broke the news. The former baseballer […]
The program will combine previously separate markets for mortgage-backed securities known as TBAs. Proponents say it will lower mortgage interest rates. Source: click here
James Hynes will serve as the managing broker of eXp Realty’s Brooklyn operations. Hynes has been with eXp Realty for more than two years in Rochester, New York. Source: click here
Home prices across the U.S. saw, according to the latest report by CoreLogic, a slight uptick from a major slowdown last month. Across the country, home prices grew by 3.6 percent in April year-over-year, down from a whopping 6.9 percent growth at the same time last year. That said, home prices are still high compared to […]
If you’re working with a buyer who’s in the market for a new house — whether it’s a starter home or their forever home — and has long-term plans to start a family, there are a few recommendations you should make to ensure that they make a smart decision. Source: click here
German media company Axel Springer is purchasing tens of millions of shares of Purplebricks, more than doubling its stake in the beleaguered flat-fee brokerage from 12.4 percent to 26.6 percent. Axel Springer announced the acquisition of 43.7 million Purplebricks shares Monday, saying it was making the investment because “the hybrid real estate agent model offers great potential.” […]
IBuyer expert and real estate analyst Mike DelPrete explains how market incumbents are stepping up their game to adapt to a shifting business landscape ahead of Inman Connect Las Vegas on July 22-26. Source: click here
A Hilton & Hyland agent gave an insider look at an extravagant Frank Lloyd Wright mansion currently on the market for $23 million. Known as the Ennis House, the property was built in 1924 and is inspired by ancient Mayan architecture. It is a well-known sight in the Los Feliz neighborhood of Los Angeles — […]
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