1. CNBC reports nonprofit, Boston-based brokerage Neighborhood Assistance Corporation of America, or NACA is having events in large cities across the country. Thousands line up for zero-down-payment, subprime mortgages.” Borrowers can have low credit scores, but have to go through an education session about the program and submit all necessary documents, from income statements to […]
Real Estate Blog
Some Like it Hot
1. There has been a great deal of speculation since Amazon released they would be looking at a location for HQ2. They now have a trillion dollar market value and as you can imagine, Amazon’s HQ2’s Potential To Transform A Housing Market is huge. Forbes wrote this week, “Jeff Bezos has promised to announce which […]
Gummed Up Real Estate Markets
1. The high cost of land, construction costs and other fees associated with building are affecting many markets around the country. The NYT reports from Denver, CO the Housing Market Slows, as Rising Prices Outpace Wages. “Similar slowdowns have hit New York, Seattle and even San Francisco, cities that until recently ranked among the nation’s hottest housing […]
Chop Shop
1. Just in from Bloomberg, “New York City’s home sellers, tired of waiting for buyers, slashed prices on almost 800 listings in a single week this month, the most in at least 12 years.” Read NYC Home Sellers Are Cutting Prices Like It’s 2009—And Then Some and see a comparative graph of Labor Day week price […]
Multiple Skill Sweats
1. It’s nice to have a fall back as a professional athlete. Sports Illustrated just published a story; New York Jets LB Brandon Copeland Is Redefining His NFL Career While Flipping Houses. “One of his teammates suggested he try real estate. His first taste of house-flipping came through a partnership with his mentor, retired Lions guard […]
Disclose, Disclose, Disclose…
1. “Some material defects must be disclosed by law, and if you lie about other details—and your lie is discovered during an inspection—you could lose your buyer. Even if a lie doesn’t come to light until after you’ve sold the house, you’re not free and clear; the buyer can file a lawsuit against you for damages […]
Ready for Takeoff?
1. “We looked at data* from the 200 largest metros, factoring in population, income, home price, and building permit growth; employment figures; and cultural amenities.” Realtor.com researched The Next Urban Powerhouses: 10 Smaller Cities Poised to Skyrocket. There are a few surprising winners in this group. 2. LIVING THE DREAM From USA Today: “By renting or living […]
Leggo My Ego
1. According to Laura Adams and Money “Here are five home-buying mistakes that I never knew before becoming a real estate professional.” They are all very good suggestions but don’t forget to pay attention to how you “feel” in the process. 2. SINK OR SWIM “How close to the water is it? That’s the top […]
