by Mary Willison | Aug 21, 2014 | Commercial Real Estate, Development, Luxury Life Real Estate, Mortgages, Paper Assets, Real Estate Market Insight
(Reuters) – U.S. housing starts surged to an eight-month high in July, suggesting the nation’s housing market recovery was back on track after stalling in the second half of last year. While the rebound points to sustained economic strength, other data on...
by Mary Willison | Aug 13, 2014 | Luxury Life Real Estate, Paper Assets, Real Estate Market Insight
A Lake Tahoe home sold last week for $1.6 million in bitcoins, a likely record in terms of sales price using the virtual currency, The Wall Street Journal reports. It’s also the latest in a string of residential real estate transactions in the past year that have used...
by Mary Willison | May 13, 2014 | Condos For Sale, Development, Foreclosure News, Luxury Life Real Estate, Mortgages, Paper Assets, Real Estate Market Insight, Sellers
(Reuters) – The regulator of Fannie Mae and Freddie Mac on Tuesday laid out new policies that could make it easier for many Americans to obtain mortgages, in part by holding off on any reduction in the size of loans the firms can buy. Federal...
by Mary Willison | May 11, 2014 | Buyers, Commercial Real Estate, Condos For Sale, Luxury Life Real Estate, Paper Assets, Real Estate Market Insight, Sellers
Want to buy a home? Better be carrying lots of cash. All-cash deals hit a record 43% of home sales during the first three months of 2014, according to RealtyTrac. That’s up from 19% a year earlier and the highest level reported since RealtyTrac began tracking...
by Mary Willison | Mar 14, 2014 | Buyers, Commercial Real Estate, Luxury Life Real Estate, Malibu, Mansions for Sale, Paper Assets, Real Estate Market Insight, Sellers
There are more millionaires in the United States than ever before. The number of households with net worth of $1 million or more, excluding their homes, is at a record 9.63 million, according to a new report. That eclipses the old mark of 9.2 million in 2007 before...
by Mary Willison | Mar 7, 2014 | Luxury Life Real Estate, Paper Assets, Real Estate Market Insight
Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances. Net worth for households and non-profit groups rose by $2.95 trillion in the fourth quarter, or 3.8 percent from the...
by Mary Willison | Feb 22, 2014 | Buyers, Foreclosure News, Luxury Life Real Estate, Paper Assets, Real Estate Market Insight
MCLEAN, VA–(Marketwired – Feb 18, 2014) – Freddie Mac (OTCQB: FMCC) released today its U.S. Economic and Housing Market Outlook for February showing that despite the Federal Reserve’s taper activity, long term rates have eased over the past...
by Mary Willison | Feb 22, 2014 | Foreclosure News, Paper Assets, Real Estate Market Insight, Sellers
The federal government’s Home Affordable Modification Program, known as HAMP, was designed to keep borrowers from losing their homes to foreclosure. It has resulted in lower monthly mortgage payments for more than a million homeowners. But some industry experts are...
