Housing Market Competition in U.S. Eases This Summer

By Mohamed | July 8, 2022

Homebuyers getting relief as sellers slash their prices at a record rate in mid-2022 Based on new data from national property broker Redfin, after years of tipping heavily in sellers’ favor, the scales of the U.S. housing market are finally balancing out. Soaring housing costs caused many house hunters to drop out in recent months,…

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Life Sciences Real Estate Investment Market Remains Red Hot in 2022

By Mohamed | July 7, 2022

According to a new CBRE research report, investment in U.S. life sciences real estate increased by 62 percent last year, with further growth of at least 10 percent expected in 2022. Investment in life sciences real estate, comprised of lab and Research and Development (R&D) properties, reached $21.4 billion in 2021, a 62 percent increase…

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Mortgage Applications Slightly Uptick in Late June

By Mohamed | July 6, 2022

According to the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey for the week ending June 24, 2022, U.S. mortgage applications increased 0.7 percent from one week earlier. This week’s results include an adjustment for the observance of the Juneteenth holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 0.7 percent on a…

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$25B in Rental Assistance Is on the Way: Who Will Qualify?

By Mohamed | July 5, 2022

As part of last month’s COVID-19 stimulus package, $25 billion in rental assistance funds are expected to be disbursed to states today, Jan. 26. There could be a rush for funds with an estimated 14 million Americans are behind on their rent. Further, rental arrears in the country may be near $70 billion, CNBC reports.…

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Biden Takes Aim at Appraisal Bias, Housing Disparities

By Mohamed | July 5, 2022

The Biden administration is zeroing in on homeownership and small business development as avenues to close racial wealth gaps, announcing a spate of new programs Tuesday aimed at supporting communities of color and disadvantaged neighborhoods. The announcement comes on the centennial of the “Black Wall Street” massacre in Tulsa, Okla., a racist attack on a…

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Here’s how to fight a higher-than-expected property tax bill

By Mohamed | July 5, 2022

If the value of your home ballooned during the Covid pandemic, you may receive an inflated property tax assessment in the mail. There are ways, however, to combat a higher bill, experts say. Despite double-digit growth in single-family home prices, property taxes only increased by 1.8% in 2021, with an average payment of $3,785 annually, according…

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Housing Market Predictions 2022: When Will Prices Drop?

By Mohamed | July 2, 2022

Low inventory, fervid competition and massive price gains have battered buyers since 2020, but now rapidly rising mortgage rates are making it even harder to purchase an affordable home. For many buyers, higher mortgage rates mean they can no longer afford homes in specific price ranges. The problem is that even modest single-family homes cost as much…

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Real Estate Pros See Rentals as Lead Generators

By Mohamed | June 8, 2021

Experienced real estate pros are turning to rentals to help expand their businesses and provide an added revenue-generating opportunity, finds a new study from RentSpree, a software provider for tenant screening, renter management, and more. In 2020, real estate agents with three years or more of experience were three times more likely to complete a…

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Lead-based Paint Violations Surge in Remodeling Boom

By Mohamed | June 3, 2021

As home remodeling increases, the EPA is warning remodelers to take special precautions in older homes and watch out for lead-based paint violations. Lead-contaminated dust from chipped or peeling lead-based paint in homes built prior to 1978 is one of the most common causes of elevated blood levels of lead in children, according to the U.S.…

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