Not Every Borrower Can Be Helped
A report from Buzzfeed. "Buying a home is not for the faint of heart. 21: 'Do your research on the neighborhood and street. Try to go to the home you plan on buying at different times during the day, and…
The Writing Appears On The Wall
A report from the Globe and Mail. "About 500 investors, many from South Florida’s Venezuelan American community, were taken in by Efrain Betancourt Jr.’s sales pitch of high-interest returns on their investments in his short-term loan operation Sky Group USA.…
Homeowners Are Heavily In Debt, Maxing Out The Equity On Their Over-Priced Homes
A report from Mortgage Professional America. "'Bidding wars are still happening, but buyers are starting to get more breathing room,' said Jill Thompson, a Redfin agent in Indianapolis, where the bidding-war rate dropped to 36.8% in November from 73.6% in…
As Usual, An Exhilarating High Is Almost Always Followed By A Steep Fall
A weekend topic starting with Quartz. "The press has noted that more than 6 million homes may be sold this year, more than any time since 2006. For those familiar with real estate busts, this may be an ominous sign.…
The Final Meltdown Has Ceased To Be A Purely Intellectual Thought Experiment
A weekend topic starting with the Columbus Dispatch in Ohio. "The people behind the Issue 7 green-energy initiative on Tuesday's ballot have remained largely secretive. Two of their leaders have been mired in major personal financial problems that have dogged…
They Have Been Left Holding The Bag
A report from Boca News Now in Florida. "Home values in Boca Raton and Delray Beach dropped precipitously between from the second to third quarter of 2021. According to the Elliman Report prepared by Miller Samuel Real Estate Appraisers, the…
The Perception That It’s A Good Investment Makes It A Good Investment
A weekend topic starting with the Northwest Florida Daily News. "The Crestview-Fort Walton Beach-Destin metropolitan area saw a massive increase in permits for new single-family homes in the past year. Alan Baggett, VP of The Building Industry Association of Okaloosa…
When You Take Risk Out Of The Equation, Investors Make Even Worse Decisions
It's Friday desk clearing time for this blogger. "The world’s tallest residential building is giving out some sky-high discounts. A mystery buyer has plunked down $40.83 million for a five-bedroom, full-floor spread at Central Park Tower on 57th Street. That’s…
Desperate Investors Being Left High And Dry
A report from Bisnow New York. "The coronavirus pandemic brought New York City’s office market to a screeching halt. Adding to landlord concerns is the seemingly constant new supply of space. 'If they [refinanced] recently, this is the problem,' added…
When The Music Stops, There’s Nothing To Distribute
A report from Floor Daily. "With Millennials being young, the price point of the home is not typically up the food chain, generally in the $250,000 to $400,000 price range, depending on the market and region. The impact, says Andy…