Dear Monty: We were selling our home and listed it with a real estate agent we know. We just finished the final touches to show the house, so it goes on the market in a few days. The agent has a customer who looked at it a few days ago. We listed it for $424,900….
FDIC Looking to Sell $60 Billion Loan Portfolio It Acquired From Failed Signature Bank
April 4, 2023
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Business & MarketsCompanieseconomic policieseconomyFDICInvestmentloan portfolioMarketsNew YorkNY Real EstatePolicies & Impactsreal estateRegional & State NewsSignature BankState NewsUSUS News
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The Federal Deposit Insurance Corporation (FDIC) is looking to sell a $60 billion loan portfolio in the new few months, which it acquired in receivership following the collapse of Signature Bank last month. The portfolio mainly consists of commercial real estate loans (CRE), commercial loans, and a small pool of single-family residential loans, the FDIC said in a statement….
Rental Market Bust Just Around the Corner, Experts Warn
April 4, 2023
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Business & Marketseconomic policieseconomyinflationInvestmentMarketspersonal financereal estatereal estate bubblerecessionrental costsUSUS NewsUS Real Estate
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The collapse of the U.S. rental market is just around the corner, some real estate experts warn. Rental prices finally dropped to pre-pandemic levels last month after millions of Americans struggled to keep up with skyrocketing housing costs since the start of the pandemic. In a series of recent tweets, Nick Gerli, the CEO & Founder of…
Home Prices Suddenly Jump After 7 Months Of Declines
April 3, 2023
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Business & Marketseconomic policieseconomyhousing marketinflationInvestmentMarketspersonal financereal estateU.S. home pricesUS Real Estate
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U.S. home prices have suddenly jumped after seven months of declines, according to a recent report. Home prices rose 0.16 percent nationally in February compared to January, when adjusted for seasonality, according to Black Knight’s latest Mortgage Monitor Report from April 3. This was the first monthly increase after seven months of declining housing costs. A…
Australian House Prices Grow Again After Dropping for 10 Straight Months
Australian house prices have regained their growth momentum in March after falling for ten consecutive months due to the impact of interest rate hikes. According to real estate data provider CoreLogic, national home values climbed by 0.6 percent in March. This is the first positive result following the 8.5 percent drop in house prices since…
Record Share of Americans Relocating to New Metro Areas
March 29, 2023
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30-year mortgageBusiness & Marketseconomyhome buyersMarketsreal estaterelocationU.S. housing marketUSUS NewsUS Real Estate
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Over a quarter or 25.1 percent of house hunters in the United States were seeking to relocate to a new metropolitan area in February, according to real estate company Redfin. The interest to relocate registered at 22.9 percent in 2022, and approximately 18 percent prior to the pandemic. The latest number is a record high,…
Record Share of Americans Relocating to New Metro—Here’s Where They’re Going
Over a quarter or 25.1 percent of house hunters in the United States were seeking to relocate to a new metropolitan area in February, according to real estate company Redfin. The interest to relocate registered at 22.9 percent in 2022, and approximately 18 percent prior to the pandemic. The latest number is a record high,…
Orange County: Most Competitive California Rental Market in 2022
March 28, 2023
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CaliforniaCalifornia Association of RealtorsLos AngelesOrange Countyreal estateRegional & State NewsRegional Newsrental marketSan DiegoSouthern CaliforniaSouthern California OC NewsState NewsUSUS News
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With demand far outpacing supply, finding a rental in California is an arduous task, and residents of Orange County faced the most competitive rental market in the state during 2022. RentCafe, a nationwide internet listing service specializing in rental houses and apartments, analyzed markets measuring the number of days rentals stay vacant, the percentage of…
Four Options to Correct Seller Being Caught in a Lie
Dear Monty: We have an offer on our house. There are several contingencies, one of which is a home inspection yet to be scheduled. When the buyers initially looked at the house, they asked if we ever had any condition issues. I told them we hadn’t. We had a leaking roof several years ago, but…
FICO Changes That Could Impact Credit Availability
March 28, 2023
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In 1989, the Fair, Isaac, and Company (FICO) established FICO scores. It provided an industry standard for scoring creditworthiness. It was fair for both consumers and lenders. Before FICO, there were many different scores with various calculating methods, sometimes including gender or political affiliation. Changes now are coming to the way FICO is calculated. You…
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