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Real Estate

Republicans Fighting Biden’s Mortgage Madness

Republicans at the state level are demanding that Biden and the FHFA repeal the asinine new law that punishes Americans with high credit scores by forcing them to...

Only 32% of Lenders Profited on Mortgages in 2022

The talking heads have been warning of a housing crash, but that is not what Socrates indicated. The 30-year fixed rate is around 6.89% at the time of this writing....

Why Most Americans Cannot Afford a Home – A Price Breakdown

Are you too poor for the basic human necessity of shelter in Biden’s America? The average home price in Q4 of 2022 was $535,800, according to the St. Louis Fed....

Rentals in the US Continued to Rise in August

Shelter costs have continued to rise in the US. Recent data provided by Redfin shows that the national average increased by 11% YoY this August. Costs are expected...

US Housing Due for a Correction?

Fed Chair Jerome Powell stated that the US housing market would “probably” go through a “correction” period. It is of no surprise as home prices were...

Chinese on US Real Estate Spending Spree

The Chinese are keen on investing in tangible assets, namely real estate. Canada implemented restrictions on foreign buyers after accusing them of the real estate...

S&P CoreLogic Case-Shiller Index Marks New High

Home prices were up 19.2% in January according to the S&P CoreLogic Case-Shiller index. It is extremely difficult for Millennials and Gen Z to enter the housing...

Rents in NYC Exceeding Pre-COVID Levels

COMMENT FROM A REAL ESTATE BROKER IN NYC ON RENTAL MARKET: Equity Residential is demanding 40 to 45% increases on lease renewals. On one floor in particular, units...

Mortgage Lenders Provided a Record $1.61 Trillion in 2021

The post-pandemic real estate frenzy led to mortgage lenders issuing more money last year than ever before. According to records, mortgage lenders in the US issued...

Rental Costs on the Rise Amid Diminished Supply

Demand for rentals in the US is increasing at an alarming pace. Single-family rentals rose 10.9% in October year-over-year, according to a report by CoreLogic....