Manhattan job losses in Q3 worst of any large...
by By Orion Jones on 2021-02-24 at 11:45 PM
The average wage that workers earned in the third quarter of 2020 rose 7.4 percent from the previous year — a troubling sign for low-wage earners, and the job market as a whole. According to the latest report from the Bureau of Labor Statistics, the number of people employed dipped by nearly 7 percent year-over-year, hitting 138.5 million at the end of the third quarter. Employment […]
Bal Harbour Shops owner upgrades to oceanfront...
by By Katherine Kallergis on 2021-02-24 at 11:15 PM
Bal Harbour Shops owner Matthew Whitman Lazenby went shopping for a new home and found one in the Altos del Mar neighborhood of Miami Beach. Lazenby sold his waterfront home in Miami Beach’s Lakeview neighborhood for $12.4 million and purchased the oceanfront Altos Del Mar estate for $17.3 million, The Real Deal has learned. Lazenby did not respond to a request for comment. Lazenby, […]
Powell sees new opportunity to reform low-income...
by By Keith Larsen on 2021-02-24 at 11:05 PM
In September, an effort to update a rule encouraging lending in low-income communities turned into a faceoff among three major banking regulators with oversight on the matter. The Federal Reserve’s proposed overhaul of the Community Reinvestment Act called on banks to provide more loans to individuals in low- and moderate-income neighborhoods. That bumped up against the Office of the […]
Are There Going to Be More Homes to Buy This Year?
by KCM Crew on 2021-02-25 at 11:00 AM
If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of
How Much Leverage Do Today’s House Sellers Have?
by KCM Crew on 2021-02-24 at 11:00 AM
The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory
The Reason Mortgage Rates Are Projected to...
by KCM Crew on 2021-02-23 at 11:00 AM
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low
The Hottest Cities in Real Estate Right Now Are...
on 2021-02-25 at 12:02 PM
The Hottest Cities in Real Estate Right Now Are 'Spillover Markets'—Where Are They? Realtor.com News
Outrageous Agents: Boca Realtor Charged With...
on 2021-02-25 at 11:07 AM
Outrageous Agents: Boca Realtor Charged With Cocaine Possession BocaNewsNow.com
Want To Build Your Own House? The Pros, Cons, and...
on 2021-02-25 at 11:02 AM
Want To Build Your Own House? The Pros, Cons, and Costs Realtor.com News