A report from Wharton. "For most Americans, their home is their most valuable asset, so it makes sense to borrow against the equity to obtain cash. In lean times, that money can be spent on consumption, which keeps the economy…
A report from the Norman Transcript in Oklahoma. "The developer that partnered with the University of Oklahoma to construct Cross Village is suing the university for more than $750 million, alleging that OU misled Cross investors and breached its contract.…
A report from the Wall Street Journal on New York. "A penthouse at 220 Central Park South has sold for $100 million, making it the third New York City residence ever to close for $100 million or more, according to…
A weekend topic starting with ABC News in Australia. "Ever had that sinking feeling you're in over your head, that you'll never be able to get on top of that mountain of debt? And what about interest rates? How on…
A report from DS News. "What might make delinquencies rise a long decline into historically low levels after the Great Recession? Mike Rawls, EVP of Servicing for Mr. Cooper points to slowdowns in home prices across the country. 'Home price…
It's Friday desk clearing time for this blogger. "For the fifth time this year, home prices in Ada County have reached record-setting highs. Even if it benefits him with higher commissions, Rick Gehrke, a real estate agent who sells in…
A report from DS News. "Foreclosure auction inflow data points to a third wave of post-recession distress building in late 2019 and early 2020. A total of 43,232 residential properties nationwide were referred to Auction.com in Q3 2019 for a…
A report from the Wall Street Journal. "In China, a crowd of startups is looking to cash in on a hot real-estate market by disrupting the way apartments are rented. In some ways, their business model resembles that of U.S.…
A report from Minnesota Daily. "For around $1,735 per month, you can rent a one-bedroom, one-bathroom penthouse apartment at Hub Minneapolis, one of the newest luxury apartments aimed at students near the University of Minnesota. The apartment complex is roughly…
A report from the Wall Street Journal. "Fannie Mae and Freddie Mac are pulling back on some mortgages meant to make homeownership more affordable, their latest effort to rein in risk at the behest of their regulator. The two companies…