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  • Celebrity real estate agent says LA market taking ‘slow’ turn as mansion tax goes into effect
    Real Estate News

    Celebrity real estate agent says LA market taking ‘slow’ turn as mansion tax goes into effect

    April 6, 2023 /

    The Company CEO Mauricio Umansky describes what the Los Angeles mansion tax will do to the California housing sector on ‘The Base Line.’ Immediately after “extraordinary” consumer and vendor frenzies through the thirty day period of March, a person of the greatest names in Los Angeles genuine estate has warned the sector has by now taken a transform for the worst in the early times of L.A.’s “mansion tax.” “About the very last month, two months, we’ve been looking at a big rush to consider to get men and women to offer. We essentially had an extraordinary March, a ton of high-conclude households bought in March. And correct now, the…

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    Francis McGee Comments Off on Celebrity real estate agent says LA market taking ‘slow’ turn as mansion tax goes into effect

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    Despite cooling US housing market, Florida still top spot for Americans looking to move: study

    Despite cooling US housing market, Florida still top spot for Americans looking to move: study

    December 12, 2022
    Greater Boston’s housing market is cooling, but don’t think it’s going to get any easier to buy a house

    Greater Boston’s housing market is cooling, but don’t think it’s going to get any easier to buy a house

    September 28, 2022
    Red-hot Miami housing market expected to defy 2023 cost correction as blue state exodus continues

    Red-hot Miami housing market expected to defy 2023 cost correction as blue state exodus continues

    January 21, 2023
  • Real estate giant makes prediction over housing affordability squeeze
    Real Estate News

    Real estate giant makes prediction over housing affordability squeeze

    April 2, 2023 /

    RE/MAX president and CEO Nick Bailey discusses how rising property finance loan rates are introducing to housing affordability deterioration on ‘The Claman Countdown.’ As U.S. property selling prices exhibit indicators of cooling and the Fed continues its aggressive fee hike marketing campaign, just one of America’s largest real estate groups is signaling market affordability will go on to place stress on homebuyers this year. “Affordability has surely been a scorching matter,” RE/MAX President and CEO Nick Bailey explained in an exclusive interview on “The Claman Countdown” Tuesday. “If men and women are going to have a likelihood at improved affordability, we will need additional product out there, and we are…

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    Francis McGee Comments Off on Real estate giant makes prediction over housing affordability squeeze

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    Real estate housing market in 2023 could lead to drop in home prices

    Real estate housing market in 2023 could lead to drop in home prices

    February 9, 2023
    Tech layoffs slow Bay Area housing market as home prices fall

    Tech layoffs slow Bay Area housing market as home prices fall

    November 19, 2022
    US Supreme Court Denies NAR Petition In Pocket Listing Case

    US Supreme Court Denies NAR Petition In Pocket Listing Case

    January 13, 2023
  • LA luxury real estate agents rush to offload properties before ‘mansion tax’ hits
    Real Estate News

    LA luxury real estate agents rush to offload properties before ‘mansion tax’ hits

    March 31, 2023 /

    ‘Varney & Co.’ host Stuart Varney discusses California’s new house tax developed to increase income to establish very affordable housing. Los Angeles is days absent from employing a “mansion tax,” which means sellers of luxury homes are scrambling to offload their houses. The evaluate was approved by voters in November, which provides a 4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} tax on residence gross sales concerning $5 million and $10 million, and provides a 5.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} tax on product sales earlier mentioned $10 million, according to FOX 11. “Inevitably, there is a rush to offer now, to escape the tax. Star realtor Josh Altman, who was on this software past week, is offering a million-dollar bonus to…

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    Francis McGee Comments Off on LA luxury real estate agents rush to offload properties before ‘mansion tax’ hits

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    National home prices just bottomed out, says real estate data juggernaut CoreLogic

    National home prices just bottomed out, says real estate data juggernaut CoreLogic

    April 12, 2023
    Harju Elekter acquired a real estate company and is reorganising production in Sweden

    Harju Elekter acquired a real estate company and is reorganising production in Sweden

    December 16, 2022
    Housing market gets boost as home sales see highest spike since 2020

    Housing market gets boost as home sales see highest spike since 2020

    February 28, 2023
  • Commercial real estate is in trouble. A bank crisis makes it worse.
    Real Estate News

    Commercial real estate is in trouble. A bank crisis makes it worse.

    March 26, 2023 /

    If there is everything industrial genuine estate entrepreneurs really do not need to have proper now, it’s a banking disaster. Big homeowners of assets close to the country have been presently underneath stress from the Federal Reserve’s intense campaign to raise interest prices, which raised borrowing expenses and decreased setting up values. They also had loads of house continue to sitting down vacant in city facilities as a end result of much more hybrid and distant work arrangements resulting from the pandemic. Now they deal with the prospect that beleaguered banks, particularly scaled-down ones, could get far more aggressive with lending arrangements, providing landlords even less area to breathe as…

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    Francis McGee Comments Off on Commercial real estate is in trouble. A bank crisis makes it worse.

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    Investigation: Real estate company accused of deceptive practices

    Investigation: Real estate company accused of deceptive practices

    December 7, 2022
    The housing market downturn isn’t over

    The housing market downturn isn’t over

    February 17, 2023
    Housing market gets boost as home sales see highest spike since 2020

    Housing market gets boost as home sales see highest spike since 2020

    February 28, 2023
  • Real estate reprieve continues as mortgage rates keep falling
    Real Estate News

    Real estate reprieve continues as mortgage rates keep falling

    March 25, 2023 /

    ‘Mansion Global’ host Katrina Campins discusses the house loan charge roller coaster and the influence of Silicon Valley Bank’s closure on the serious estate market place. Property finance loan rates fell for a 2nd week, in accordance to weekly details compiled by Freddie Mac. The 30-calendar year fastened-price mortgage (FRM) averaged 6.42{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} as of Mar. 16, down from 6.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} recorded very last week. A person calendar year in the past, the 30-yr FRM averaged 4.42{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. In the meantime, the 15-calendar year set-level mortgage loan averaged 5.68{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, down from very last week when it averaged 5.90{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. At the identical time in 2022, the 15-12 months FRM averaged 3.63{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Household residences in…

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    Francis McGee Comments Off on Real estate reprieve continues as mortgage rates keep falling

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    Where are home prices in America’s 400 largest housing markets headed in 2023? These 5 charts give us some clues

    Where are home prices in America’s 400 largest housing markets headed in 2023? These 5 charts give us some clues

    December 23, 2022
    National home prices just bottomed out, says real estate data juggernaut CoreLogic

    National home prices just bottomed out, says real estate data juggernaut CoreLogic

    April 12, 2023
    2022 marked the end of cheap mortgages and now the housing market has turned icy cold : NPR

    2022 marked the end of cheap mortgages and now the housing market has turned icy cold : NPR

    December 27, 2022
  • Florida’s red-hot real estate market cooling down: ‘Gone are the days of’ bidding wars, broker says
    Real Estate News

    Florida’s red-hot real estate market cooling down: ‘Gone are the days of’ bidding wars, broker says

    March 24, 2023 /

    FOX Business’ Ashley Webster reports from a for-sale townhome in West Palm Beach, Florida, the place the regional marketplace is experience some of the Silicon Valley Bank collapse influence. From just one coast to a different, the collapse of California-centered Silicon Valley Financial institution (SVB) has now sent tidal waves to Florida’s authentic estate market, one broker claimed on “Varney & Co.” Thursday. “It is definitely cooled down a little bit. Long gone are the times when we would put qualities on the sector and we would anticipate a bidding war in a number of days,” Sandals Realty Group broker Amanda Glass instructed FOX Business’ Ashley Webster. “It is really…

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    Francis McGee Comments Off on Florida’s red-hot real estate market cooling down: ‘Gone are the days of’ bidding wars, broker says

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    Florida real estate bombshell could destroy a lot of wallets

    Florida real estate bombshell could destroy a lot of wallets

    January 17, 2023
    The housing market downturn isn’t over

    The housing market downturn isn’t over

    February 17, 2023
    US real estate market in ‘big trouble,’ expert warns

    US real estate market in ‘big trouble,’ expert warns

    January 14, 2023
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